Key earnings from Adani Enterprises and upcoming economic data are set to shape the next trading session
On Thursday, May 1, 2025, the Indian stock market, which includes the BSE and NSE, remained closed on the observance of Maharashtra Day in light of the formation of Maharashtra as a state in the year 1960. This resulted in a shutdown of trade activities in cash, equity derivatives, currency derivatives, and SLB (securities lending and borrowing) segments.
Details of Market Closure
This observance thereby implied shut down of all segments of BSE as well as NCE which means in equities, equity derivatives, currency derivatives, and SLB trading on that day would cease. The Multi Commodity Exchange would also suspend the morning session but would allow for the evening session to carry on.
Up and Coming Market Events
Such as the big events coming up in the markets and which should be keenly watched during holidays: Corporate Earnings Reports-including Adani, RailTel Corporation, and 5paisa Capital, all supposed to announce their Q4 FY25 reports on May 1, are expected to bring sentiment swings and price movements for investors and their stocks.
Economic Data
Meanwhile, investors are taking a wait-and-see approach on the all-important economic data numbers, such as those reflecting the sales of automakers and inflation numbers in mid-May, which would already paint a picture of the economic health of the country and thus could be a driving influence on the market.
Historical Market Performance in May
Analyzing historical data reveals that the Nifty 50 index has delivered positive returns in May six out of the past ten years, with an average return of 1.5% and a median return of 2%. The Nifty Mid-cap index mirrors this trend, recording gains in six years, albeit with slightly lower average and median returns of 0.4% and 1.2%, respectively.
Sector-wise, the Auto and FMCG sectors have consistently outperformed in May. The Auto sector closed higher in eight of the last ten May, delivering an average return of 3.9% and a median return of 4.9%. Similarly, the FMCG sector recorded gains in eight out of ten years, with an average return of 3% and a median return of 2.6%.
As markets prepare to reopen on Friday, May 2, 2025, investors will closely monitor the aforementioned corporate earnings and economic indicators. These factors, combined with global market cues, will likely influence trading strategies and market movements in the coming sessions.
