Adani Ports surges nearly 4% while IT and FMCG sectors lead the rally
The Indian stock market continued its upward trajectory on Monday, May 5, 2025, with benchmark indices trading firmly in the green. As of the latest update, the Sensex is positioned at 80,888.18, advancing 386.19 points or 0.48%, while the Nifty 50 registers a gain of 128.85 points, pushing it to 24,475.55, a rise of 0.53% on the day.
While the broader market sentiment remains bullish, select profit booking is observed in the banking space. The Nifty Bank index trades at 55,057.65, down 57.70 points or 0.10%, making it the only sectoral index in the red today.
Index Snapshot ..
| Index | Price | Change | % Change |
| Sensex | 80,888.18 | +386.19 | +0.48% |
| Nifty 50 | 24,475.55 | +128.85 | +0.53% |
| Nifty Bank | 55,057.65 | -57.70 | -0.10% |
Sectoral Performance: IT and FMCG Outperform
Sector-wise performance shows strong momentum across the board, barring the banking index. The Nifty IT index leads the sectoral gainers, currently trading at 36,297.80, up 405.95 points or 1.13%, buoyed by buying interest in tech majors following upbeat global cues.
FMCG and Oil & Gas sectors are also posting solid intraday gains of approximately 1% each. The continued fall in crude oil prices and strength in the rupee are supporting momentum in these defensively positioned sectors.
Nifty Bank, however, lags behind due to notable weakness in select private sector banks, especially Kotak Mahindra Bank, which drags the index lower.
The BSE Midcap and Smallcap indices are also trading higher by 0.5% each, indicating sustained interest in broader markets and strong participation across segments.
Top Gainers and Losers on Nifty 50
Adani Ports emerges as the day’s top-performing stock, trading at ₹1,316.00, up ₹48.90 or 3.86%. The stock sees buying interest amid improving logistics demand, global trade sentiment, and strong operational metrics.
Other key gainers include:
Trent
Shriram Finance
Bajaj Finserv
Eternal
These stocks witness accumulation on the back of solid quarterly performance and sectoral tailwinds, especially in consumer-facing and financial services segments.
On the flip side, Kotak Mahindra Bank takes the biggest hit among large caps, sliding by ₹117.70 to ₹2,067.50, a decline of 5.39%. The decline comes amid reports of regulatory concerns and weaker-than-expected loan growth for Q4 FY25.
Other laggards include:
SBI
ONGC
JSW Steel
Dr. Reddy’s Laboratories
These counters are witnessing marginal selling, possibly due to profit booking and lack of immediate positive triggers.
Technical View and Market Breadth
From a technical standpoint, Nifty 50 maintains its bullish bias, hovering near lifetime highs. The index has comfortably surpassed the key resistance level of 24,400, and if sustained, could target 24,600–24,700 in the near term. Intraday support is visible near 24,300.
Sensex also continues its uptrend, now trading near the psychological 81,000 mark. A decisive breakout above this level could further fuel momentum-driven buying.
Market breadth remains positive, with the advance-decline ratio favoring the bulls. Majority of stocks across sectors are trading higher, with only a handful showing weakness.
Global and Macro Sentiment
Global cues remain supportive. Asian markets trade mixed, but U.S. futures suggest a mildly positive open following Friday’s strong job data. The rally in Indian equities is also supported by renewed Foreign Institutional Investor (FII) inflows, a stronger Indian rupee, and softening crude oil prices, which now hover below $60 per barrel.
Domestically, the falling inflation trend, expectations of a stable policy environment post-elections, and robust earnings in key sectors continue to support investor sentiment.
Outlook
Market outlook remains optimistic as all major indices, excluding the banking pack, exhibit strong intraday performance. Momentum stocks and sector leaders are witnessing steady buying interest. With no significant macroeconomic data announcements scheduled today, the focus remains on earnings releases and global developments.
The key levels to watch for Nifty are 24,500–24,550 on the upside and 24,300–24,250 on the downside. For Sensex, resistance lies near 81,200 and support around 80,400. A sustained move in IT and FMCG stocks could help indices extend gains toward fresh record highs.
