Markets saw a sharp rally today with broad-based gains across indices. The Nifty 50 index experienced a significant increase of more than 3%, concluding at 24,924.70. Nifty Bank jumped more than 3% as well, ending at 55,387. Nifty Next 50 outperformed with a rise of over 4%, finishing the day at 65,077. The Sensex also surpassed the 82,000 threshold, increasing by 3%, signifying one of the most robust trading sessions in recent months.
Nifty 50:
ADANIENT led the rally with a rise of 7.73%. INFY followed closely, rising 7.69%. SHRIRAMFIN jumped 7.16%, TRENT moved up 6.79%, and WIPRO gained 5.99%. HCLTECH and JIOFIN also posted gains of nearly 6%.
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Among the few losers, INDUSINDBK fell 3.45% and SUNPHARMA dropped 3.15%.
Bank Nifty:
All major banking names ended higher. AXISBANK rose 4.64%, ICICIBANK added 4.51%, IDFCFIRSTB was up 4.41%, and PNB gained 4.18%. FEDERALBNK also moved higher by 3.85%. No stocks closed in red.
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Nifty Next 50:
ADANIENSOL gained 8.33% to lead the segment. INDIGO rose 7.82%, IRFC was up 7.71%, DLF climbed 7.65%, and both RECLTD and PFC gained around 7.5%.
On the downside, only two stocks saw declines — DIVISLAB dropped 1.29%, and HAL slipped 1.25%.
The market was extremely bullish today, with Nifty posting a gain of over 3% after a long gap. The session reflected strong sentiment and a clear uptrend across the board.
Stay tuned for further updates on market movements and financial insights.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
Also read: Kalyan Jewellers Approves ₹1.50/Share Dividend, FY25 Results with Clean Audit
Published on: May 11, 2025 / M Vishnu
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The IMD has issued a cyclone alert for parts of Andhra Pradesh and Odisha as a low-pressure area in the Bay of Bengal is expected to intensify. Fishermen have been advised to avoid sea travel.
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