India Stocks Review
Rebound and end sharply higher on India-US deal hopes
This story was originally published at 17:30 IST on 15 May 2025
Register to read our real-time news.Informist, Thursday, May 15, 2025
By Akash Mandal
MUMBAI – Benchmark indices ended sharply higher Thursday after being lower for most of the session. The Nifty 50 surpassed the 25000 level for the first time in seven months, and both benchmarks ended at a seven-month high. After opening on a subdued note and falling nearly 1% at their intraday lows, indices rose sharply in the afternoon buoyed by hopes of a trade deal between the US and India. Analysts also said foreign investors heavily covered their short positions ahead of the weekly expiry of the derivatives contracts of the Nifty 50, which pushed indices higher.
US President Donald Trump Thursday said the Indian government is willing to charge zero tariffs on goods imported from the US, which boosted hopes of both countries swiftly concluding a trade deal. The US has reached tentative agreement with China on some issues and the punitive tariffs imposed earlier by the US have been suspended for 90 days to enable the two to reach a full deal. The US has already announced a deal on tariffs with the UK.
Index heavyweights such as HDFC Bank, ICICI Bank, Infosys, and Reliance Industries led the gains in the Nifty 50 after being lower early in the trade. These stocks rose sharply as the market recovered in the latter half and the Nifty 50 gained 395.20 points or 1.6% to close the session at 25062.10 points. At this level, the Nifty 50 is now just over 1200 points from its all-time high of 26277.35 points. Barring IndusInd Bank, all stocks in the Nifty 50 ended higher.
Shares of IndusInd Bank traded lower for the entire session and fell as much as 3% but came off lows to end only marginally lower. The bank is currently investigating a series of accounting discrepancies that were reported to the Reserve Bank of India by a whistleblower, media reports said. The BSE Sensex ended at 82530.74 points, up 1200.18 points or 1.5%.
Broader market indices underperformed their benchmark peers but managed to end in the green. All sectoral indices ended higher, with Nifty India Defence, Nifty Realty, Nifty Auto, and Nifty Metal being the top gainers.
Hero MotoCorp ended over 6% higher and was the top gainer in the Nifty 50 after positive commentary from brokerages on the stock on expectations of a strong recovery in rural demand. The company Wednesday said it will launch two entry-level e-motorcycles and this is expected to boost sales and revenue. The stock has gained for five straight sessions and is up 14%. JSW Steel, Tata Motors, Trent, and HCL Technologies ended 3-5% higher were the other top gainers in the Nifty 50. ICICI Bank and Bharat Electronics both hit their respective all-time highs during the session.
Shares of eClerx Services ended over 17% higher after both its consolidated net profit and revenue for the March quarter rose sequentially. Shree Renuka Sugars ended over 4% higher after it reported a net profit for the March quarter against a loss in the year ago quarter. Apar Industries ended 15% higher, surging for the second straight session after reporting robust earnings for the March quarter Wednesday. Kirloskar Oil Engines ended over 17% higher after the company's top line for the quarter rose nearly 6% on year.
Shares of Muthoot Finance fell nearly 7% after the company's net profit for the March quarter missed the Street's view. Piramal Pharma ended 5% lower near its intraday lows after its bottom line for the quarter came in below analysts' estimates. Shares of Sagility India were weak throughout the session and ended more than 4% lower after its bottom line for the March quarter fell 16% on quarter.
Tube Investments of India fell after its bottom line for the March quarter declined to a quarter of what the company had reported in the same quarter a year ago. The stock, which was 1% lower before its earnings announcement, fell further and ended more than 4% lower.
* Of the Nifty 50 stocks, 49 rose and 1 fell
* Of the Sensex stocks, 29 rose and 1 fell
* On the NSE, 1,980 stocks rose, 890 fell, and 72 were unchanged
* On the BSE, 2,637 stocks rose, 1,327 fell, and 151 were unchanged
* Nifty India Defence: up 2.6%; Nifty Realty: up 1.9%; Nifty PSU Bank: up 0.2%
BSE NSE
Sensex: 82530.74, up 1200.18 points or 1.5% Nifty 50: 25062.10, up 395.20 points or 1.6%
S&P BSE Sensitive Index | Nifty 50 |
Lifetime High: 85978.25 (Sept. 27, 2024) | : Lifetime High: 26277.35 (Sept. 27, 2024) |
Record Close High: 85836.12 (Sept. 26, 2024) | : Record Close High: 26216.05 (Sept. 26, 2024) |
2025 1st day close: 78507.41 (Jan. 1) | : 2025 1st day close: 23742.90 (Jan. 1) |
2025 Closing High: 82530.74 (May 15) | : 2025 Closing High: 25062.10 (May 15) |
2025 Closing Low: 72989.93 (Mar. 4) | : 2025 Closing Low: 22082.65 (Mar. 4) |
2025 High (intraday): 82718.14 (May 15) | : 2025 High (intraday): 25116.25 (May 15) |
2025 Low (intraday): 71425.01 (Apr. 7) | : 2025 Low (intraday): 21743.65 (Apr. 7) |
2024 1st day close: 72271.94 (Jan. 1) | : 2024 1st day close: 21741.90 (Jan. 1) |
2024 Closing High: 85836.12 (Sept. 26) | : 2024 Closing High: 26216.05 (Sept. 26) |
2024 Closing Low: 70370.55 (Jan. 23) | : 2024 Closing Low: 21238.80 (Jan. 23) |
2024 High (intraday): 85978.25 (Sep. 27) | : 2024 High (intraday): 26277.35 (Sept. 27) |
2024 Low (intraday): 70001.60 (Jan. 24) | : 2024 Low (intraday): 21137.20 (Jan. 24) |
2023 1st day close: 61167.79 (Jan. 2) | : 2023 1st day close: 18197.45 (Jan. 2) |
2023 Closing High: 72410.38 (Dec. 28) | : 2023 Closing High: 21778.70 (Dec. 28) |
2023 Closing Low: 59288.35 (Feb. 27) | : 2023 Closing Low: 17311.80 (Oct. 17) |
2023 High (intraday): 72484.34 (Dec. 28) | : 2023 High (intraday): 21801.45 (Dec. 28) |
2023 Low (intraday): 58699.20 (Jan. 30) | : 2023 Low (intraday): 17098.55 (Jan. 17) |
2022 1st day close: 59183.22 (Jan. 3) | : 2022 1st day close: 17625.70 (Jan. 3) |
2022 Closing High: 63284.19 (Dec. 1) | : 2022 Closing High: 18812.50 (Dec. 1) |
2022 Closing Low: 51360.42 (Jun. 17) | : 2022 Closing Low: 15293.50 (Jun. 17) |
2022 High (intraday): 63583.07 (Dec. 1) | : 2022 High (intraday): 18887.60 (Dec. 1) |
2022 Low (intraday): 50921.22 (Jun. 17) | : 2022 Low (intraday): 15183.40 (Jun. 17) |
2021 Closing High: 61305.95 (Oct. 14) | : 2021 Closing High: 18338.55 (Oct. 14) |
2021 Closing Low: 46285.77 (Jan. 29) | : 2021 Closing Low: 13634.60 (Jan. 29) |
2021 High (intraday): 61353.25 (Oct. 14) | : 2021 High (intraday): 18350.75 (Oct. 14) |
2021 Low (intraday): 46160.46 (Jan. 29) | : 2021 Low (intraday): 13596.75 (Jan. 29) |
2020 Closing High: 47751.33 (Dec. 31) | : 2020 Closing High: 13981.95 (Dec. 30) |
2020 Closing Low: 25981.24 (Mar. 23) | : 2020 Closing Low: 7610.25 (Mar. 23) |
2020 High (intraday): 47896.97 (Dec. 31) | : 2020 High (intraday): 14024.85 (Dec. 31) |
2020 Low (intraday): 25638.90 (Mar. 24) | : 2020 Low (intraday): 7511.10 (Mar. 24) |
2019 High (intraday): 41809.96 (Dec. 20) | : 2019 High (intraday): 12293.90 (Dec. 20) |
2019 Low (intraday): 35287.16 (Feb. 19) | : 2019 Low (intraday): 10583.65 (Jan. 29) |
2018 High (intraday): 38938.91(Aug. 28)) | : 2018 High(intraday): 11760.20 (Aug. 28) |
2018 Low (intraday): 32483.8 (Mar. 23) | : 2018 Low (intraday): 9951.9 (Mar. 23) |
2017 High (intraday): 34005.37 (Dec. 26) | : 2017 High(intraday): 10515.10 (Dec. 26) |
End
Edited by Ashish Shirke
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