SENSEX rallies 1,073 points, NIFTY50 ends 1.3% higher as positive global cues fuel gains on May 25

Index heavyweights like HDFC Bank, Larsen & Toubro, Adani Enterprises, and Tata Motors PV, among others, support the index gains on Monday’s intraday session.

The NIFTY50 index ended 1.32% or 312 points higher at 24,031.70 points after Monday’s trading session, compared to 23,719.30 points at the previous market close, according to NSE data.

The BSE SENSEX index also closed 1.4% or 1,073 points higher at 76,488.96 points after Monday’s trading session, compared to 75,415.35 points at the previous trading close, as per the exchange data.

Key sectors like banking and auto stocks, along with positive movement among the index heavyweights, which backed the intraday gains amid the overall momentum in stocks. NSE data showed that Nifty Bank closed 2.2% higher, while Nifty Auto gained 1.7%.

As India is a heavily import-dependent country, crude oil prices falling to around $94 per barrel (bbl) on Monday afternoon, acting as a major contributor to the overall boost in the market sentiment as investors looked forward to easing tensions in the market.

Investing.com data showed that the crude oil prices were trading 5.5% lower at $94.62 per bbl on May 25, compared to $100.21 per bbl at the previous market session. Oil prices have cooled nearly 12% in the last five trading session.

The sentiment was further improved with a stronger Indian rupee rate against the US dollar in the market due to subdued greenback demand. As of the afternoon market hours, the Indian rupee was at 95.2 against the US dollar.

Latest media reports suggest that the United States and Iran have been progressing towards a peace agreement. Market expectations are around that both nations will be able to reach a deal in this week, unless the negotiations fail again for a third time.

Top gainers & losers today

Stocks like Eicher Motors, Adani Enterprises, Bajaj Finance, Tata Motors PV, Larsen & Toubro, and HDFC Bank were among the top gainers as of Monday’s market close.

Eicher Motors shares closed 6.4% higher, Adani Enterprises was up 4.7%, Bajaj Finance 2.9%, Tata Motors PV was up 2.8%, Larsen & Toubro gained 2.7%, and HDFC Bank closed 2.6% higher on May 25.

Others like Max Healthcare, ONGC, Hindalco, Infosys, Bajaj Auto, and Nestle India were among the top losers as of the stock market close on Monday.

Max Healthcare closed 2.2% lower, ONGC lost 1.7%, Hindalco shares dropped 0.9%, Infosys lost 0.5%, Bajaj Auto lost 0.4%, and Nestle India dropped 0.3% on May 25.