Nifty near 24,600, Sensex above 80,900, Auto & IT lead the rally as global cues lift sentiment
The Indian stock market is currently trading on a positive note, with key benchmark indices showing modest gains. The Sensex and Nifty are both in the green, supported by strength in global markets and stable domestic conditions. Although the gains are limited, the market is showing signs of recovery after three sessions of declines.
Benchmark Indices and Intraday Performance
As of the latest update, while markets are still open:
The Nifty 50 is trading near 24,600, up by around 0.2%.
The BSE Sensex is up by over 150 points, hovering around 80,900.
Both indices opened in positive territory early in the morning. The Nifty crossed the 24,575 level shortly after market opening, while the Sensex gained about 100 points in the first hour. The overall tone remains cautious but optimistic.
What’s Driving the Market Today
Global Market Cues
Markets around the world, especially in Asia, are showing positive trends. This has provided support to Indian equities. Positive sentiment from the U.S. and China also contributes to a more stable environment for trading.
Foreign Investor Activity
Foreign institutional investors (FIIs) continue to sell Indian stocks. Today, FIIs have already pulled out over $300 million, adding to the more than $1.4 billion sold in recent days. This selling pressure is partly offset by strong domestic investor participation.
Rupee Movement
The Indian rupee is under pressure and is trading at around ₹85.85 per U.S. dollar. This weakness is due to the strong U.S. dollar and continued capital outflows from the Indian market.
Domestic Economic Indicators
India’s economy continues to show resilience. The services sector is performing well. According to the latest data, the Services Purchasing Managers’ Index (PMI) is at 58.8, indicating strong growth. Expectations of a possible interest rate cut by the Reserve Bank of India (RBI) are also helping market sentiment.
Sector Performance
Sectors Gaining Today
Auto Sector: The Nifty Auto index is up by about 0.6%, with several auto stocks trading in the green.
Information Technology (IT): The Nifty IT index is also performing well, with gains of around 0.5%.
Top Gaining Stocks
Several major stocks are contributing to the market’s gains, including:
Bharti Airtel
Tech Mahindra
Tata Motors
Maruti Suzuki
Bajaj Finance
IndusInd Bank
Sectors Under Pressure
Some sectors are seeing mild losses. The real estate index, for example, is down by about 0.5%. Banking and pharma stocks are also showing mixed trends.
Top Losing Stocks
TCS
Titan
ICICI Bank
Sun Pharma
Adani Ports
Midcap and Smallcap Space
Midcap and small-cap stocks are largely stable. There’s no major momentum in this segment today, as traders wait for more cues. The focus is more on large-cap stocks and specific sector leaders.
IPO Market Buzz
The IPO market remains active with new listings and subscriptions attracting attention.
Ganga Bath Fittings has launched its IPO on the NSE SME platform. The company is looking to raise around ₹32 crore, and the issue is open until June 6.
Neptune Petrochemicals is listed today at ₹132.75 per share, showing a premium of nearly 9% over its issue price.
NR Vandana Textile debuted flat at ₹45, although it was expected to list at a premium.
Scoda Tubes made a quiet debut, listing at its issue price of ₹140.
These IPOs are mostly small and are drawing interest from retail investors looking for quick returns.
Stocks in Focus Today
A few companies are seeing high trading volumes and price movements:
Indegene is the most actively traded stock today, with turnover above ₹2,100 crore.
Cochin Shipyard and Aditya Birla Retail are also among the top traded stocks.
GRSE (Garden Reach Shipbuilders & Engineers) is up by 10% after signing a deal with a Norwegian company to build India’s first polar research vessel.
Expert Picks and Market Recommendations
Market analysts are suggesting a few stock picks for both short-term and long-term investors:
Bharat Forge and Saregama are highlighted for their technical strength.
Fundamental analysts favor GSFC, Redington, and Indegene due to their steady performance and reasonable valuations.
For low-cost investors, stocks under ₹100, such as Medico Remedies, Jain Irrigation, and Nova Agritech, are being discussed as potential opportunities.
Company News and Key Developments
Adani Enterprises has secured $750 million in funding for its airport business from a group of international banks.
Yes Bank is in the spotlight after its board approved a fundraising plan of up to ₹16,000 crore through equity and debt instruments.
Tata Technologies sees a 2% decline in share price after a large investor sold a portion of their holding in a block deal.
Wipro is gaining today after signing a multi-year partnership with a U.S.-based tech firm.
Maruti Suzuki has expanded its solar power capacity at its manufacturing plant in Haryana, reinforcing its focus on sustainability.
Currency and Commodity Market Update
The rupee’s weakness continues, mainly due to the strength of the U.S. dollar and the withdrawal of foreign funds.
Oil prices are slightly lower today as OPEC+ decides to continue with higher supply levels.
Gold prices are steady, with investors balancing between risk assets and safe-haven demand.
Technical View and Outlook
Technical experts suggest that the Nifty may remain in a tight range between 24,500 and 25,000 for the near term. A move above 25,000 could trigger a fresh rally, while failure to hold 24,500 may lead to selling pressure.
Despite some global risks, the Indian market remains supported by strong economic data and expectations of policy support. Investors are watching for the RBI’s next monetary policy meeting, global inflation reports, and ongoing foreign investment trends.
Stat Summary
| Indicator | Current Status |
| Sensex | ~80,900 (+150 points) |
| Nifty 50 | ~24,600 (+0.2%) |
| Rupee vs USD | ₹85.85 (weaker by 0.3%) |
| Top Gainers | Bharti Airtel, Tata Motors |
| Top Losers | TCS, ICICI Bank, Adani Ports |
| Active IPOs | Ganga Bath Fittings, Neptune |
| Sector Leaders | Auto, IT |
| Market Sentiment | Cautious Optimism |
As the trading session continues, Indian stock markets are holding steady in positive territory. Investors remain watchful of global signals and domestic policy cues. The coming hours will decide if markets can build on early gains or if profit-booking sets in before the closing bell.
