⚖️ Markets Juggle But Win: Expiry Drama Ends Green; Pharma, IT Lead Recovery

📰Daily Market Wrap-Up by Stock Whisperers-May 29

Author

thestock whisperers
May 29, 2025

29-May-2025

📈 Market Overview:

Summary of the Day's Market Performance

Market Overview

  • The Sensex rose 324.53 points (+0.4%) to close at 81,636.85, managing gains in a volatile session.

  • The Nifty gained 74.25 points (+0.3%) to 24,826.70, ending above 24,800.

  • Midcaps and Smallcaps both rose 0.4%, reflecting broader market strength.

  • Pharma (+0.9%) and IT (+0.8%) were top gainers, while PSU Banks (-0.2%) and FMCG (-0.1%) dipped; all other sectors ended in the green.

💸 Market Transactions:

  • Foreign Institutional Investors (FII): Bought ₹884.03 crore

  • Domestic Institutional Investors (DII): Bought ₹4,286.50 crore

FII buying and DII support drove selective gains, despite expiry volatility.

📊📑 Important Observations and Market Sentiments: Editor Special

  • Markets ended higher despite monthly F&O expiry volatility, with short covering triggered by a surge in Wall Street futures after a US court ruled Trump’s tariffs illegal (reversing prior 245% rates on Chinese goods). Positive global cues, including a US economic growth forecast, supported gains in banking and NBFCs like Jio Financial Services.

  • Bearish undertones in derivatives and concerns over global volatility, driven by rising US bond yields amid US debt worries (post-Moody’s Aa3 downgrade), kept investors cautious. Analysts expect Nifty to consolidate between 24,500–24,900, with support at 24,300 and resistance at 25,000, recommending selective buying in strong stocks like IndusInd Bank and Sun Pharma.

  • Domestic macros (RBI’s 6.00% repo rate, low inflation) and yesterday’s US FOMC minutes (hinting at a dovish stance) provide support, but global volatility remains a concern.

❓ DO YOU KNOW?

The US court ruling declaring Trump’s tariffs illegal marks the first major rollback of his trade policies since 2021, potentially easing global trade tensions and boosting IT sector sentiment.

📰Stock News:

Key Stock Movements and News

  • Top Gainers: IndusInd Bank, Sun Pharma, Eternal (Zomato), Welspun Corp, Polyplex Corporation, Som Distilleries

  • Top Losers: HDFC Life, Bharat Electronics, Tata Consumer Products, Bata India, Hindustan Oil Exploration, and Balaji Amines

  • IndusInd Bank surged 2.47% despite SEBI barring its CEO, Deputy CEO, and three others for insider trading; Q4 results and banking strength supported gains.

  • IRCTC gained after Q4 FY25 results showed a 10% revenue rise and 26% PAT increase, boosting railway sentiment.

  • Welspun Corp rose as Q4 profit doubled, reflecting infrastructure sector strength.

  • Waaree Energies soared 8% after its US arm secured a $176 million order (note: mentioned twice in the prompt, consolidated here).

  • Balaji Amines fell as Q4 profit dropped, adding to chemical sector weakness.

  • MTNL edged up as Q4 losses narrowed, showing telecom resilience.

  • Nykaa (FSN E-Commerce) was in focus after NCLT approved its merger with Iluminar Media, driving positive sentiment.

  • Eternal (Zomato) gained 1.8%, supported by strong Q4 FY25 performance and Nifty 50 inclusion.

Your Weekly Stock Markets Rundown: 📊 All Eyes on GDP & Powell: Market Awaits Key Triggers Amid Fading Earnings Buzz

May 26-30, 2025

The week of May 26-30, 2025, marks the end of the Q4 FY25 earnings season, with Nifty recovering to 25,001.15 amid cautious optimism. Global economic challenges persist, with Chinese slowdown, steady US rates, and rising Japanese rates in focus, though easing tariff tensions provide some relief. Key data releases like India’s Q4 GDP, US GDP estimates, and Jerome Powell’s speech will shape market direction. Final earnings from LIC, Bajaj Auto, and Apollo Hospitals, alongside IPO activity, will drive stock-specific action. Opportunities lie in insurance, healthcare, and consumer goods, with Nifty poised for potential upside if it breaks 25,265.

👀Stocks to Focus:

  • IndusInd Bank: Banking strength to monitor despite SEBI action.

  • Waaree Energies: US order win signals upside.

  • Sun Pharma: Pharma sector gains to watch.

📝Summary:

Indian markets rose 0.3%, with Nifty at 24,826, amid F&O expiry volatility, driven by Pharma and IT gains. FII and DII buying, along with positive global cues (US tariff ruling), supported sentiment, but US bond yield concerns capped gains. Nifty may consolidate—selective buying advised in strong stocks!

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Disclaimer: The Stock Whisperers is a media platform providing educational and informational content related to the stock market. We do not offer investment advice, stock recommendations, or tips. Readers should consult a SEBI-registered advisor before making any investment decisions.