Stock Market Alert: Nifty, Sensex Roar Back; M&M, NTPC Lead Gainers, Balakrishna Industries Slumps Post Q4

Stock Market Alert: The Indian stock market today made a strong start to the week. Nifty 50 opened 66 points higher at 24919 points, whereas BSE Sensex surged nearly 0.25% to 81928.9 points. Nifty Bank, smallcap, midcap, and largecap indices were trading higher on Monday, indicating a turnaround in the stock market trading session after last week's dull performance.

The bullish start of Nifty and Sensex today has come in the backdrop of mixed performance of its Asian peers, and negative ending of the US Stock markets in last trading session.

Top Gainers

ICICI Bank, NTPC, Mahindra & Mahindra, SBI, Punjab National Bank, Power Grid, ICICI Bank, Ultratech Cement, Tata Tech, Nestle, Trent, Titan, Reliance Power etc were trading higher on Nifty today.

Top Losers

Eternal, Balakrishna Industries were among the top losers on Nifty. Balakrishna Industries had hit a lower circuit after announcing Q4 result.

Stock Market Recap

The Indian stock market, last week, resisted the market volatility and weak investors sentiment. Nifty 50 closed marginally lower. After starting the last week on a negative note, Nifty and Sensex recovered their losses in the second half of the week supported by strong performances of FMCG and IT stocks.

"The broader markets also remained firm, with the Nifty Midcap100 and Smallcap100 indices gaining 0.6% and 0.8%, respectively. On the macro front, India's services sector showed resilience, with the Services PMI rising slightly to 58.7 in Apr'25. Additionally, the HSBC India Composite PMI jumped to 61.2 in May'25 - its highest reading since April 2024 - indicating strong expansion across both manufacturing and services, and beating expectations. Sentiment was further supported by strong domestic cues. The ongoing earnings season is entering its final phase next week, with investors closely tracking corporate performance across sectors," noted Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd.

Stock Market Outlook

Underlining the positive opening of Nifty 50 on Tuesday, Nirmal Bang securities maintained that Nifty 50 is likely to showcase an immediate resistance at 24970. Commenting on its trajectory for the rest of the day, Nirmal Bank noted, "If Nifty closes below that, further upside can be expected towards 25070-25200 mark. On the flip side 24790-24680 will act as strong support levels."

"The temporary easing of US-China tariffs has given a much needed breather to global markets, driving broad-based gains across sectors from metals to technology. This development is particularly beneficial for industries most exposed to trade tensions. However, while near-term sentiment has improved, investors should maintain a measured perspective," noted Prasanna Pathak, Managing Partner at The Wealth Company.

US Stock Market

The NASDAQ Composite experienced a decline, dropping by 188.49 points, a decrease of 1.00%, highlighting significant volatility within the sector. Similarly, the S&P 500 and the Dow Jones Industrial Average witnessed downturns, with decreases of 0.67% and 0.61% respectively. These changes indicate a cautious sentiment among investors, reflecting broader economic uncertainties.

Asian Stock Market Today

Asian peers of the Indian stock markets gave mixed signals on Monday. The KOSPI Composite Index in South Korea went up by 1.24%, indicating pockets of optimism within certain sectors and regions. While the Nikkei 225 in Japan rose by 0.69%, the Hang Seng Index in Hong Kong fell by 1.07%, showcasing varied investor confidence across the region.

The IDX Composite in Indonesia and the FTSE Bursa Malaysia KLCI both experienced declines, whereas the IBOVESPA in Brazil and the IPC MEXICO showed improvements. This demonstrates the diverse impacts of global economic conditions on emerging economies.