Indian equities in Wednesday’s trade (May 21, 2025) opened higher after a weak close in the previous session. At the open, the BSE Sensex was at 81,375, up 188.58 points or 0.23 per cent. The NSE Nifty50, meanwhile, was at 24,716, up 32 points or 0.13 per cent. Meanwhile, broader markets traded with weakness, with more selling pressure on the smallcaps.
The Nifty Bank index, on the other hand, traded higher by a tad, led by stocks like ICICI Bank, HDFC Bank and PNB among others.
From within the Nifty50 basket, top gainers included stocks like Sun Pharma, Dr. Reddy’s Laboratories, Cipla, Bharat Electronics and Apollo Hospitals, while top laggards were Shriram Finance, Eternal, Trent, IndusInd Bank and Hindalco.
Sectoral performance on May 21, 2025
Pharma stocks emerged as the winner with gains of over 2 per cent on the Nifty Pharma index, followed by Auto and Realty indices. However, only consumer durables gauge saw selling pressure.
Stocks in news today:
Results:
NIFTY: ONGC (post-market), IndusInd Bank (1 pm – 3:30 pm),
FNO: Colgate (1 pm – 3 pm), NALCO (post-market), PFC (1 pm – 3 pm), Astral (Post-Market), Oil India (post-market), Interglobe Aviation (post-market)
Zinka Logistics: Lock in on 56 per cent of holdings to open today.
ABFRL: All existing F&O contracts will expire today due to the demerger ex-date tomorrow
Ex-Date
Page Industries: Interim Dividend of 200
Technicals
Anand James, Chief Market Strategist, Geojit Investments Limited on the Nifty outlook said, “With almost 50% of the Nifty 500 constituents closing at the lowest point of the day, yesterday’s down move does signal a trend reversal, also suggested by the slippage past 24870, our downside marker. However, Nifty is now in the vicinity of 10 day SMA, which has steadfastly supported the trend on most days, since upside crossover a month back. Moreover, 76% of the Nifty 500 stocks are trading above this key SMA suggesting that there is a fair window for a bounce back. Alternatively, slippage past 24700 will signal continuation of the downmove aiming 24280-24060.”
Asian markets
Asian stocks in Wednesday’s trade (May 21, 2025) traded in a tight range, with Japanese stocks retreating lower after weak trade data. At the last count, the key MSCI Asia ex Japan index traded higher by 0.77 per cent.
