Market News

The broader market saw support from key sectors like banking, pharma, IT, realty, oil and gas, and media, which posted gains between 0.4% and 1%.

LIC also made gains of Rs 13,250.87 crore, with its valuation climbing to Rs 6.05 lakh crore. State Bank of India (SBI) added Rs 8,389.15 crore to stand at Rs 7.18 lakh crore. 

Tata Motors maintained its market leadership in the electric car segment by selling 4,351 units during the month.

The benchmark Nifty index gained 307.35 points or 1.28 per cent to close at 24,346.70, while the Sensex jumped 1,289.46 points or 1.62 per cent to end the week at 80,501.99.  

Happy Birthday Nifty50: The highest closing level so far was 26,216.05 on September 26, 2024, with an all-time intra-day high of 26,277.35 recorded the following day. 

According to the data, the market capitalisation of NSE Emerge (SME) listed companies (as of March 31, 2025) was Rs 1.8 lakh crore ($20.8 billion) in FY25, up a massive 50 per cent from Rs 1.2 lakh crore ($14.8 billion) in FY24. 

Despite the fluctuations, the most valued firms include HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, and more. Meanwhile, both the domestic benchmark indices recorded gains for the full financial year (FY25). 

ITC's market valuation rallied by Rs 11,425.77 crore to Rs 5,05,293.34 crore and that of ICICI Bank surged Rs 7,939.13 crore to Rs 8,57,743.03 crore.  

The market outlook for next week will be guided by the Donald Trump factor, Q3 FY25 results, foreign institution investors (FIIs), rupee vs dollar and crude oil prices.  Trump will be sworn in as the 47th US President on January 20, as investors keenly observe upcoming tariff announcements. The global market may remain volatile in the coming week, according to market watchers.

With government stepping up investments in the second half this fiscal, sectors such as infrastructure, defence and railways may witness recovery. 

Union Budget 2025: Finance Minister Nirmala Sitharaman has so far held a series of meetings with various stakeholders, including MSMEs, farmers' associations, and economists 

NSE reported a standalone net profit of Rs 2,954 crore for Q2 FY25 which was Rs 1,804 crore for the corresponding quarter last year.  

FIIs continued their selling spree, offloading around Rs 14,000 crore last week, marking October as a record month for Foreign Institutional Investors' (FIIs) outflows in the secondary market, totalling Rs 1.2 lakh crore.  

NSE Clearing has clarified that it does not issue any such communications requesting funds or involvement in unfreezing accounts.

Investors across financial markets, including in India, will look for fresh cues from the outcomes of the upcoming US monetary policy review meeting next week, particularly the extent of interest rate cut, if any. The US Federal Reserve's next meeting is scheduled for September 17-18, 2024. US Federal Reserve Chair Jerome Powell recently indicated that it was time for the US central bank to reduce interest rates as inflation rates aligned with its target.

FPI activity in June will be crucially influenced by the election results to be announced on June 4. 

Power Grid, Nestle, Asian Paints, IndusInd Bank, and TCS were the top gainers. JSW Steel, Axis Bank, ICICI Bank and ITC were the top losers.

The US dollar index, which measures the greenback's strength against a basket of six currencies gained 0.20 per cent to 103.64.

Benchmark Sensex dropped 359 points as Nifty closed below 21,400 due to IT sell-off and foreign fund outflows. Global factors and weak corporate results influenced the decline.