Nifty above 24,400, Sensex gains 295 pts as banks weigh on rally

The domestic share market rose on Monday, with Sensex and Nifty continuing their 2025 uptrend, driven by easing trade concerns and positive cues on a possible India-U.S. trade deal. At close, the Sensex was up 294.85 points or 0.37 percent at 80,796.84, and the Nifty was up 114.45 points or 0.47 percent at 24,461.15. About 2462 shares advanced, 1404 shares declined, and 171 shares unchanged.
Adani Ports, Adani Enterprises, Trent, Shriram Finance, M&M were top gainers on the Nifty, while losers included Kotak Mahindra Bank, ONGC, Dr Reddy's Labs, JSW Steel, SBI.
On the sectoral front, Except bank, all other sectoral indices ended in the green with auto, power, energy, consumer durables, metal, FMCG, Oil & Gas up 1 percent each.BSE midcap and smallcap indices added more than a percent each.
Rupee Close: 
On 05 May'25,the Indian rupee closed 31 paise stronger at 84.25 against the US dollar on Monday.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investment reportedly stated,the market has sustained its positive momentum, though the level of optimism has decreased. Continued foreign inflows and record GST collections in April indicate resilience in economic activity, fostering mild hopefulness. A weak dollar and a decline in oil prices have further bolstered FII sentiment. However, the market's momentum is moderating, with action shifting from broad-based movements to stock and sector-specific trends based on results.
Over the past month, the broad market has recouped more than 50% of the losses incurred during the consolidation period from September 2024 to March 2025. Q4 results to date have been sluggish, and there is a thin layer of caution due to border tensions, which could have a short-term impact on the market.
Market experts recommended five shares to buy — Commercial Syn Bags, Mahindra Lifespace Developers, Tanla Platforms, Steel Strips Wheels, and Ncl Industries Ltd.

(Business Correspondent)