Post-Market Update: Market Closing today (May 29, 2025)

Nifty Ends Higher, Snaps 2-Day Losing Streak; Welspun Corp Surges Over 9%, Its Biggest Intraday Gain in 3 Years; Broader Market Outperforms

On May 29, Indian equity benchmarks closed higher, snapping a two-day losing streak. The indices recovered from the day's low on the expiry day of the NSE Nifty 50. 

At the closing bell, the Nifty 50 ended up by 81.15 points or 0.33%, at 24,833.60. The index opened on a strong note but struggled to hold on to its early gains, slipping into the red as the session progressed. Through the mid-session, the market moved within a narrow range. However, a sharp upward move in the final hour helped the index recover and end the monthly expiry day near the 24,800 mark. The Sensex climbed by 320.71 points or 0.39% to 81,633.03.

Investor sentiment improved after a U.S. court blocked key parts of Trump’s proposed tariffs, easing duty concerns and boosting global risk appetite, despite an ongoing appeal on the tariff ruling. In response to the ruling, the dollar strengthened and gold prices eased as investors shifted away from safe-haven assets. 

Back home, IT stocks, which derive considerable earnings from the U.S., led the rally with a 0.77% sectoral gain. The Nifty Metal index rose 1.21%, aided by stock-specific gains. 

With these last hour gains, the broader market outperformed. Ten out of 13 key sectoral indices registered gains, while the Mid-cap and Small-cap indices closed in positive territory.

Stock-Specific Highlights

Among individual stocks,

• Jindal Stainless advanced 2.2%, while JSW Steel and Tata Steel rose 1.7% and 1%, respectively. 
• Meanwhile, Natco Pharma gained 3% and Insecticides India surged 6%, driven by strong quarterly profit announcements. 
• Welspun Corp Ltd surged over 9% after posting strong Q4FY25 results, The company declared a ₹5 final dividend. The stock recorded its highest intraday gains in the last 3 years.

Nifty Metal - Top Gainer of the Day

The Nifty Metal index surged by 1.21% on Thursday. Welspun Corp jumped over 9%, leading gains among metal stocks and lifting the Nifty Metal index.

Nifty 50: Top Pullers and Draggers of the Day

The key drivers of the index gains were:

• Infosys: +13.70 points
• Sun Pharma: +9.78 points
• Adani Ports: +5.38 points

On the other hand, these stocks weighed on the index:

• Bajaj Finance: -4.59 points
• ITC: -3.44 points
• HDFC Life: -2.16 points

Broader Markets Mixed

The broader market indices ended in green, with the Mid-cap 100 index climbing by 0.55% and the Small-cap 100 index advancing by 0.59%, while 10 out of 13 major sectoral indices ended in the positive territory.

Market Breadth

As of May 29, 2025, the Indian stock market witnessed positive market breadth. Out of 2,947 stocks traded on the NSE, 1,510 advanced, 1,373 declined, and 64 remained unchanged. 

A total of 57 stocks touched their 52-week highs, while 24 hit their 52-week lows. Additionally, 106 stocks were locked in their upper circuits, whereas 81 stocks were in lower circuits. 

Disclaimer: The article is for informational purposes only and not investment advice.