SOURCE : NEW18 NEWS
Last Updated:May 15, 2025, 15:46 IST
Stock Market Today: Sensex, Nifty zooms over 1300 points driven by rallying heavyweight stocks such as HDFC Bank, ICICI Bank, and Reliance Industries.
Sensex jumps 1300 points on Thursday.
Stock Market Today: Indian stock market benchmarks, the Sensex and Nifty 50, posted strong intraday gains on Thursday, May 15, driven by rallying heavyweight stocks such as HDFC Bank, ICICI Bank, and Reliance Industries.
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After trading flat until noon, Indian benchmarks Sensex and Nifty saw a swift rise on May 15, each gaining over 1.5%, supported by easing geopolitical tensions. The Nifty reclaimed the 25,000 level for the first time since October 17, 2024.
The Indian stock market surged on Thursday, May 15, with benchmark indices hitting fresh highs amid strong global cues and domestic optimism. The Sensex opened at 81,354.43, slightly above its previous close of 81,330.56, and rallied 1,388 points (1.7%) to touch an intraday high of 82,718. It eventually ended the session at 82,530.74, up 1,200 points or 1.48%.
The Nifty 50 reclaimed the 25,000 mark, jumping 1.8% to hit a high of 25,116 after opening at 24,694.45. It settled at 25,062.10, up 395 points or 1.60%.
Mid and small-cap stocks also gained, though they underperformed the large-caps. The BSE Midcap index rose 0.67%, while the Smallcap index advanced 0.94%.
What Powered the Market Rally?
1. Value Buying in Large-Caps
Market experts noted strong value buying in select heavyweight stocks following recent corrections. Top gainers on the Sensex included Tata Motors, HCL Tech, Eternal, Adani Ports, and Asian Paints, which rose between 2% and 4%. Major contributors to the index’s gains were Reliance Industries, ICICI Bank, HDFC Bank, Bharti Airtel, and Tata Motors.
2. Optimism Over US-India Trade Talks
Sentiment was buoyed by reports that US President Donald Trump claimed India had proposed a “zero tariff” trade agreement. The prospect of a breakthrough in US-India trade relations lifted investor confidence and boosted equities.
3. Resilient Q4 Earnings
Corporate earnings have remained largely supportive. According to Motilal Oswal Financial Services, as of May 5, 27 Nifty companies had reported Q4FY25 results, showing YoY growth of 9% in sales, 6% in EBITDA, 10% in PBT, and 4% in PAT. These figures beat consensus expectations, particularly for EBITDA and net profit.
4. Supportive Macro Environment
India’s improving macroeconomic indicators added to the optimism. Retail inflation eased to a six-year low of 3.16% in April, strengthening hopes of a rate cut by the Reserve Bank of India. Experts pointed to falling inflation, rising disposable incomes, government expenditure, and lower interest rates as key drivers supporting the market’s bullish momentum.
Technical Outlook
Technically, the Nifty 50 has been trading above its 200-day moving average (DMA) for several days, marking the first sustained move above this level since January. Technical analysts remain bullish on the near-term outlook, encouraged by improving momentum and sustained buying interest.
- First Published:
May 15, 2025, 14:09 IST
