Benchmark fairness indices closed in optimistic territory on Tuesday, Could 7, 2025, regardless of heightened geopolitical tensions following India’s precision strike Operation Sindoor on terror camps in Pakistan and PoK. The BSE Sensex added 105.71 factors to finish at 80,746.78, whereas the NSE Nifty50 gained 34.80 factors to settle at 24,414.40.
Broader markets get well from early losses
Regardless of a weak opening, broader indices staged a wise restoration with the Nifty Midcap and Smallcap indices rising over 1 per cent. Early jitters had been absorbed rapidly as shopping for emerged in auto and monetary shares, serving to the indices keep afloat.
Auto, finance shares drive momentum; FMCG, pharma lag
Auto shares led the rally, buoyed by optimism across the India-UK free commerce settlement (FTA), which is anticipated to unlock export alternatives. Financials additionally noticed robust shopping for curiosity. Nevertheless, FMCG and pharma shares remained below strain all through the day.
Prime movers and drags on Nifty50
Among the many prime gainers on the Nifty50 had been Tata Motors, Jio Monetary Providers, Bajaj Finance, Shriram Finance and Everlasting. On the flip facet, Asian Paints, Solar Pharma, Bajaj Auto, ITC and Grasim ended within the purple.
Technical outlook: Nifty holds 24,250 help
Technically, the Nifty50 held on to the important thing help stage of 24,250, whereas going through resistance close to 24,500. A breakout above this vary is prone to sign the subsequent directional transfer. Market contributors stayed cautious amid Indo-Pak developments however had been supported by sturdy FII inflows and robust sectoral cues.
Outlook
Going ahead, merchants will intently observe geopolitical updates and world markets for directional cues. Volatility could stay elevated within the close to time period, however robust fundamentals and international flows are prone to help market sentiment.
