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Market Closing: Nifty Ends Above 15,150, Sensex Jump Led By Banks


After a study said the government was working on a new stimulus plan, Indian markets ended the trade higher on Friday, led by financials. The S&P BSE Sensex rose 975 points, or 1.7%, to 50,420, while the Nifty50 index remained above the 15,100 stage.


According to data updated on May 21, the daily rise in coronavirus cases in India remained below 3 lakh for the fifth consecutive day, with 2.59 lakh new cases reported in a single day.

Market Closing: Nifty Ends Above 15,150, Sensex Jump Led By Banks

The Nifty Bank index rose over 3%, followed by the real estate, financial services, advertising, car, and information technology indices. SBI was the second-best performer on the Sensex, rising 4.4 percent, while IndusInd Bank, HDFC Bank, ICICI Bank, Axis Bank, HDFC, and Kotak Mahindra Bank rose between 3% and 4.5 percent.

Midcap and smallcap indices on Nifty hit a new high.

Despite mixed metal prices, the Nifty Metal Index remains stable; JSW Steel and Hindalco are among the companies to watch in the fourth quarter; Welspun Corp is the market leader.

The only laggards on the indices were Dr Reddy's Labs and Power Grid on the Sensex, and Eicher Motors, Indian Oil Corporation, Grasim, and SBI Life on the Nifty, all down up to 0.3 percent.



SBI, India's largest public sector bank, posted a standalone net profit of Rs 6,450.75 crore for the quarter ended March 2021 (Q4FY21) on Friday, helped by lower provisions for bad loans.

Dhanuka Agritech Q4, consolidated net profit increased by 24.7 percent to Rs 48.6 crore from Rs 39 crore in the previous quarter (YoY). Revenue increased by 21.1 percent to Rs 275.6 crore from Rs 227.6 crore (YoY).


The Indian rupee ended the day at 72.83 per dollar, a new high, amid buying in the domestic stock market. It opened at 72.97 per dollar, up from the previous close of 73.10, and traded in the 72.83-73.08 range.

Oil Prices

Crude oil prices were poor today, with the benchmark NYMEX WTI crude oil price down 0.34 percent at $61.73 per barrel. By noon, MCX Crude Oil June futures were trading 0.35 percent lower at Rs 4534.

International Markets

European stocks are split, with the FTSE down half a percent and the CAC up a percent.

Sugar Stocks

The government reduced the export subsidy on sugar contracted for export on or after May 20, 2021 from Rs5.85 per kg to Rs4.0 per kg on Thursday.

On the BSE today, Dalmia Bharat Sugar and Industries, Praj Industries, Bajaj Hindustan Sugar, Dhampur Sugar Mills, Dwarikesh Sugar Industries, Balarampur Chini Mills, Uttam Sugar Mills, and Avadh Sugar Mills were all down.

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