India condoles death of 12 nationals in Ras Laffan gas facility explosion, US senators flag Pakistan’s history of harbouring terrorists, hiding bin Laden, India initiates anti-dumping probe against imports of electrical steel from China, 3 other nations,

Sensex up 1,200 pts, Nifty reclaims 25k amid India-US trade deal hope

The Indian stock markets closed higher on Thursday with the Nifty settling above the 25,000 mark driven by strong investor interest and broad-based buying, marking its highest level since October 2024.At close the Sensex was up 1,200.18 points or 1.48 percent at 82,530.74, and the Nifty was up 395.20 points or 1.60 percent at 25,062.10. About 2511 shares advanced, 1302 shares declined, and 139 shares unchanged, according to information.
Hero MotoCorp, JSW Steel, Trent, Tata Motors, HCL Technologies were the top gainers on the Nifty. On the sectoral front, all the sectoral indices ended in the green with realty, oil & gas, metal, media, IT, auto, bank up 1-2 percent. BSE midcap index added 0.6 percent and smallcap index rose 0.9 percent.
Rupee Close:
On 15 May'25,the Indian rupee depreciated 18 paise to close at 85.50  against the U.S. dollar on Thursday,weighed down by demand for American dollars from importers and foreign fund outflows.Forex traders reportedly stated the rupee declined on dollar demand. However, a surge in the domestic markets and overnight weakness in crude oil prices cushioned the downside.
Trading Guide: 
Vinod Nair, Head of Research, Geojit Investments reportedly quoted as saying,the market staged a robust rebound, closing with substantial gains, driven by a decline in domestic inflation and positive signals from the U.S. regarding a potential trade agreement with India. The benchmark index outperformed the broader market, buoyed by growing optimism around reduced operational costs and a potentially more accommodative monetary policy stance. Rate- sensitive sectors such as automobiles and real estate led the rally, supported by upbeat industry forecasts. Investor attention is now turning to the upcoming speech by the Federal Reserve Chair, which is anticipated to provide further clarity on the future policy trajectory, particularly in light of the recent easing in U.S. inflation data.
Market experts recommended five shares to buy-eClerx Services Limited, Fusion Finance, Acme Solar Holdings, DCX Systems, and Roto Pumps.

(Business Correspondent)

 


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