Indian stock market benchmarks, the Sensex and the Nifty 50, ended in the positive territory on Monday, May 5, on gains led by select heavyweights such as HDFC Bank, Mahindra and Mahindra and ITC.
The Sensex closed with a gain of 295 points, or 0.37 per cent, at 80,796.84, while the Nifty 50 settled at 24,461.15, up 114 points, or 0.47 per cent. The mid and small-cap segments strongly outperformed. The BSE Midcap jumped 1.45 per cent, while the Smallcap index climbed 1.23 per cent.
Solid gains in the midcap and small-cap indices drove the overall market capitalisation of BSE-listed firms to nearly ₹427 lakh crore from ₹423 lakh crore in the previous session, making investors richer by about ₹4 lakh crore in a single session.
Let's take a look at 10 key highlights of the stock market today:
HDFC Bank, Mahindra and Mahindra, ITC, Reliance Industries and Adani Ports were the top contributors to the gains in the Sensex index. On the flip side, Kotak Mahindra Bank, SBI and Axis Bank were the top drags on the index.
The domestic market is witnessing stock-specific action amid the ongoing earnings season. While healthy domestic macro, easing trade war concerns, foreign capital inflow, falling crude oil prices and the dollar's decline are some of the key tailwinds for the market, escalating tensions between India and Pakistan loom as a key risk.
"The market has sustained its positive momentum, though the level of optimism has decreased. Continued foreign inflows and record GST collections in April indicate resilience in economic activity, fostering mild hopefulness. A weak dollar and a decline in oil prices have further bolstered FII sentiment," Vinod Nair, the head of research at Geojit Investments Limited, observed.
"However, the market's momentum is moderating, with action shifting from broad-based movements to stock and sector-specific trends based on results. Over the past month, the broad market has recouped more than 50 per cent of the losses incurred during the consolidation period from September 2024 to March 2025. Q4 results to date have been sluggish, and there is a thin layer of caution due to border tensions, which could have a short-term impact on the market," Nair said.
Out of total 50, 38 stocks ended with gains in the Nifty 50 index, with Adani Enterprises (up 7.44 per cent), Adani Ports and Special Economic Zone (up 6.27 per cent), Trent (up 4.51 per cent) and Shriram Finance (up 4.24 per cent) ending as the top gainers.
Shares of Kotak Mahindra Bank (down 4.59 per cent), JSW Steel (down 1.85 per cent), ONGC (down 1.45 per cent) and State Bank of India (SBI) (down 1.17 per cent) closed as the top losers in the index.
Some banking stocks witnessed profit booking, which dragged the banking index down.
Nifty Bank (down 0.36 per cent), Private Bank (down 0.80 per cent) and PSU Bank (down 0.04 per cent) ended with losses, while most sectoral indices ended higher.
Nifty Auto (up 1.85 per cent), Oil and Gas (up 1.70 per cent), FMCG (up 1.22 per cent) and Metal (up 0.96 per cent) ended with healthy gains.
Vodafone Idea (31.64 crore shares), Easy Trip Planners (26.45 crore shares), and YES Bank (4.93 crore shares) were the most active stocks in terms of volume on the NSE.
JHS Svendgaard Retail Ventures, Ashima, Universal Cables, Netweb Technologies India, Parag Milk Foods, R R Kabel and Swiggy were the 11 stocks that surged more than 10 per cent on the NSE.
G-Tec Jainx Education and Ksolves India were the two stocks that fell 10 per cent or more on the NSE.
As many as 94 stocks, including Shemaroo Entertainment, Pokarna, Shakti Pumps (India) and Godfrey Phillips India, hit their upper circuits in intraday trade on the NSE.
Some 66 stocks, including Housing Development and Infrastructure, Panache Digilife, NACL Industries and Sky Gold and Diamonds, hit their lower circuits on the NSE.
The advance-decline ratio tilted towards the decliners.
Some 2,023 stocks declined while 865 advanced and 96 remained unchanged on the NSE.
78 stocks, including Anupam Rasayan India, Force Motors, Godfrey Phillips India, Max Financial Services and Navin Fluorine International, hit their 52-week highs in intraday trade on the BSE.
On the other hand, Quick Heal Technologies, Hilton Metal Forging, Dr. Agarwals Health Care and Network People Services Technologies were among the 63 stocks that hit their 52-week lows on the BSE.
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