🎢 Volatile But Victorious! Nifty Ends Positive, RIL Powers Markets to 3rd Weekly Win 💪📈

📰Daily Market Wrap-Up by Stock Whisperers-May 02

Author

thestock whisperers
May 02, 2025

02-May-2025

📈 Market Overview:

Summary of the Day's Market Performance

Market Overview

  • The Sensex rose 259.75 points (+0.32%) to close at 80,501.99 in a volatile session.

  • The Nifty gained 12.50 points (+0.05%) to 24,346.70, holding above 24,300.

  • Midcap fell 0.4%, while Smallcap ended flat, reflecting broader market weakness.

  • Media, Energy, IT, and Oil & Gas rose 0.3-0.7%, while Power, Metal, Telecom, Pharma, Realty, and Consumer Durables fell 0.5-2%.

💸 Market Transactions:

  • Foreign Institutional Investors (FII): Bought ₹2,769.81 crore

  • Domestic Institutional Investors (DII): Bought ₹3,290.49 crore

Strong FII and DII inflows supported the market, though gains were capped by profit-taking.

📊📑 Important Observations and Market Sentiments: Editor Special

  • Markets swung nearly 1,000 points intraday before settling higher, driven by selective buying in banking and IT stocks. Profit-taking after recent gains weighed on broader markets, with Midcaps and Smallcaps underperforming.

  • Geopolitical tensions (India-Pakistan) and the ongoing US-China tariff war (US tariffs at 245% on Chinese goods) kept investors cautious, limiting big bets on equities. Domestic support from the RBI’s 6.00% repo rate and low inflation (March CPI at a 5-year low) cushioned sentiment.

  • The market anticipates consolidation, with a focus on upcoming Q4 earnings and global trade developments.

Market This Week

  • The market gained for the third straight week, the longest streak since December 2024.

  • Sensex, Nifty, and Nifty Bank up 1% each; Midcap index up 0.3%.

  • Oil & Gas led gains, driven by Reliance Industries, which rose 10%—its best week in 5 years.

❓ DO YOU KNOW?

Reliance Industries’ 10% weekly gain marks its best performance in 5 years, driven by its New Energy milestone and Q4 results, making it the top Nifty contributor this week.

📰Stock News:

Key Stock Movements and News

  • Top Gainers: Adani Ports, IndusInd Bank, Bajaj Finance, Reliance Industries, and SBI

  • Top Losers: JSW Steel, Eicher Motors, Bajaj Auto, Hero MotoCorp, and HDFC Life

  • Adani Ports surged after a 50% YoY Q4 net profit rise to ₹3,023 crore with 23% revenue growth.

  • IndusInd Bank rose 3% intraday after SEBI cleared it of insider trading allegations.

  • Eternal (Zomato) jumped 2% post-Q4 FY25 results, despite a profit dip, on strong revenue and Bajaj Broking’s ‘Buy’ call.

  • TVS Motor gained 1%, overtaking Ola as the top electric scooter firm.

  • JSW Steel fell after the Supreme Court rejected its bid for Bhushan Power & Steel, ordering liquidation.

  • Ola Electric Mobility faced scrutiny as SEBI probed insider trading allegations.

  • PNB Housing Finance rose 5% after a 1.73 crore share block trade; Carlyle to sell $308 million stake.

  • Sonata Software gained by achieving AWS DevOps Competency Status, boosting IT sentiment.

  • Kotak Mahindra Bank was in focus pre-Q4, with PAT expected to fall 16% YoY despite a 9% NII rise.

  • V-Mart Retail approved a 3:1 bonus issue, offering 3 bonus shares per share held.

  • Strides Pharma Science rose 2.36% to ₹667.30 after acquiring four ANDAs for the US market for $2.07 million.

  • Mukand Ltd gained 1.80% to ₹103 post-NCLT approval of its arrangement with Mukand Sumi Metal Processing.

  • Vardhman Acrylics fell as Q4 FY25 net profit dropped to ₹1.96 crore from ₹5.47 crore YoY; the board recommended a ₹1.50/share dividend.

Your Weekly Stock Markets Rundown: 🌪️ After the Storm: Markets Hold Breath Amid Geo Tensions, Global Rally Lifts Hopes! 📈🌏April 28- May 2, 2025

The week of April 28-May 2, 2025, begins with India’s market cautious after a dip triggered by India-Pakistan tensions, though US-China tariff de-escalation offers a silver lining with continued FII buying. Muted Q4 earnings temper optimism, but Nifty’s bullish stance above 24,000 suggests dip-buying potential. Key data like India’s manufacturing PMI, US jobless claims, and Euro Area GDP will guide sentiment, alongside Ather Energy’s IPO debut. Opportunities lie in IT, banking, and industrial stocks, with global cues and geopolitical developments in focus.

👀Stocks to Focus:

  • Adani Ports: Strong Q4 momentum may persist.

  • IndusInd Bank: SEBI clearance could sustain gains.

  • JSW Steel: Liquidation fallout to watch.

📝Summary:

Indian markets ended slightly up, with Nifty at 24,346, amid a 1,000-point intraday swing, driven by banking and IT buying. Broader markets lagged on profit-taking, with geopolitical tensions and tariff wars capping gains. FII and DII inflows supported a third straight weekly gain—focus on earnings and global cues!

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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.