Indian Stock Market Movement: May 2, 2025
📈 Market Overview
On Friday, May 2, 2025, the Indian stock market displayed a volatile session but finished in the green, with the BSE Sensex rising by 412.48 points to 80,654.72 and the NSE Nifty 50 gaining 59.00 points to 24,393.20.
🛢️ Sectoral Performance
- Oil & Gas: Outperformed amid stable global energy prices.
- IT: Benefited from strong earnings by global tech giants.
- Realty & Consumer Durables: Under pressure due to profit booking.
- Automobile: Declines in April sales weighed on stocks.
📊 Key Stock Movements
- Adani Enterprises: Shares up over 3% after Q4 profit surge.
- RailTel Corporation: Jumped up to 10% on strong Q4 results.
- IndusInd Bank: Gained over 3% amid management changes.
- JSW Steel: Fell more than 6% after SC liquidation order.
📉 Technical Outlook
The Nifty 50 faces resistance at 24,460, with support at 24,050 and a stronger zone between 24,000–23,850. A break above resistance could lead toward 24,800, while a drop below 24,000 may extend losses.
🌐 Broader Sentiment & Conclusion
Despite intraday swings, the market’s late-session rebound highlights underlying strength. Analysts remain cautiously optimistic but warn of possible profit booking in the near term.
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