The Indian stock market witnessed a strong opening on Thursday, May 29, 2025, with both the Sensex and Nifty indices surging significantly. The positive momentum was fueled by encouraging global cues, particularly a US court ruling that blocked former President Trump's proposed tariffs, boosting investor confidence worldwide.
Market Open and Key Indicators
The BSE Sensex climbed over 450 points to cross the 81,750 mark, while the NSE Nifty also saw a substantial gain, trading above 24,850. This positive start reflects the overall upbeat sentiment prevailing in the market. The Financials sector, especially HDFC Bank and Infosys, contributed significantly to the market's upward movement.
Global Cues and Market Sentiment
The US Court of International Trade's decision to block Trump's tariffs has had a ripple effect, lifting the US dollar and pushing gold prices lower. Asian markets also responded positively, with Japan's Nikkei 225 and South Korea's Kospi showing considerable gains. US stock futures also jumped, further solidifying the positive global outlook. Moreover, strong earnings from Nvidia also boosted investor confidence.
Gainers and Losers
While the broader market sentiment is positive, some sectors experienced downturns. On Wednesday, May 28, 2025, the Indian stock market closed lower, with the Sensex dropping 239.31 points and the Nifty 50 settling 73.75 points lower. FMCG, consumer goods, metals, and pharma sectors dragged down the indices, while media gained.
Key Stocks in Focus
Infosys: Infosys share price moved up, and the company recently launched Infosys Agentic AI Foundry. The company announced a dividend of Rs 22.0 per share on April 17, 2025, with a record date of May 30, 2025. Key stats for Infosys include a market cap of ₹6.56 Trillion INR and 323.58K employees.
HDFC Bank: HDFC Bank is trading -0.15% lower at Rs 1,923.80 as compared to its last closing price. The company's market capitalization stands at ₹14.73 Trillion. HDFC Bank shares have been trading in the price band of Rs. 1554.7 and Rs. 1573.55 at BSE today.
Expert Analysis
Analysts suggest that the market is currently in a consolidation phase, with the Nifty finding support around the 24,700 mark. Market participants are advised to monitor global cues and domestic macro data for further direction. Caution is advised due to the monthly derivatives expiry, which could induce volatility.
Additional Factors
India's industrial production growth slowed to 2.7% in April 2025, which may temper some of the enthusiasm. Investors will also be closely watching the minutes of the US FOMC meeting for hints about future interest rate directions.
Overall Outlook
The Indian stock market is showing positive momentum, driven by global cues and supported by key players like Infosys and HDFC Bank. However, investors should remain vigilant, keeping an eye on economic data, global developments, and potential volatility triggers.
