Stock market highlights: Sensex adds 769 pts, Nifty at 24,853; FMCG, IT, banks gain; pharma dips

Stock market highlights on Friday, May 23, 2025: Among the broader basket, Nifty Midcap100 and Nifty Smallcap100 indices settled with gains of 0.64 per cent and 0.80 per cent respectively

3:51 PM

Stock Market LIVE Updates: Expert view

Stock Market LIVE Updates: Markets witnessed some respite on the final trading day of the week, gaining nearly a percent amid mixed cues. After a flat start, the Nifty saw a noticeable surge during the early hours of trade, followed by a range-bound move till the close. It eventually settled at 24,853, up by 0.99 per cent.All key sectors, except pharma, contributed to the up move, with FMCG, financials, and IT emerging as the top gainers. The broader indices also advanced, gaining over half a percent each.

 

The rebound reflects positive sentiment despite mixed global cues, as participants are using dips to accumulate quality stocks across sectors. Technically, the recovery after retesting the crucial short-term support level — the 20-day exponential moving average (20 DEMA) — has eased some pressure. The outlook could improve further with renewed strength in the banking and financial sectors after their consolidation phase. We maintain our view of adopting a “buy on dips” strategy, with a focus on selective stock picking, unless the Nifty decisively breaks below the 24,500 mark.

View by Ajit Mishra – SVP, research, Religare Broking Ltd.

3:49 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The index has moved higher after finding support at the 21-day EMA. Broadly speaking, the Nifty appears to be consolidating within the range of 24,700–25,000. The short-term trend remains positive, with momentum likely to strengthen above 25,000. A decisive breakout above this level could give the bulls an upper hand and potentially trigger a rally towards 25,250–25,350. On the downside, the index has support at 24,700; a break below this level could attract bearish bets.

View by Rupak De, senior technical analyst, LKP Securities.

3:38 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Midcap closed 0.5 per cent higher and Smallcap settled up 0.45 per cent. 

3:36 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and losers at close

Stock Market LIVE Updates: Eternal, ITC, PowerGrid were among Sensex's top gainers.

3:35 PM

Stock Market LIVE Updates: Nifty settles at 24,853.15, up 244 pts

Stock Market LIVE Updates: NSE Nifty50 closed at 24,853.15, up 243.45 points or 0.99 per cent.

3:33 PM

Stock Market LIVE Updates: Sensex closes up 769 pts at 81,721.08

Stock Market LIVE Updates: BSE Sensex settled at 81,721.08, up 769.09 points or 0.95 per cent. 

3:27 PM

Stock Market LIVE Updates: Ola Electric up 7% as board approves ₹1700-cr fundraise via NCDs and others

Stock Market LIVE Updates:  Ola Electric Mobility shares climbed 7.3 per cent in trade on Friday, May 23, 2025. The demand for the stock came after the company's board approved the issuance of securities aggregating up to ₹1,700 crore. READ MORE

3:20 PM

Stock Market LIVE Updates: Smallcap packaging stock zooms 44% in 2 days on strong Q4 results

Stock Market LIVE Updates:  Shares of Cosmo First soared 20 per cent to ₹953.50 on the BSE in Friday’s intra-day trade, extending its Thursday’s rally, backed by heavy volumes.  In the past two days, the stock price of this smallcap packaging company has zoomed 44 per cent after the company reported strong earnings for the quarter ended March 2025 (Q4FY25). In the past two weeks, the stock has skyrocketed 71 per cent from its May 9, 2025 intra-day level of ₹558 on the BSE. It had hit a 52-week high of ₹1,084.10 on December 18, 2024. READ MORE

 

3:13 PM

Stock Market LIVE Updates: Paras Defence and Space Technologies executes a JV with Heven Drones

Stock Market LIVE Updates: Paras Defence and Space Technologies has informed the exchanges that it has executed a Joint Venture Agreement (JV

Agreement) with Heven Drones (HD), Israel, to facilitate the formation of a subsidiary company (proposed Subsidiary) in India with the purpose of development and production of logistics and cargo drones for defence and civil market, all in accordance with the Government of India's Make in India initiative.

The company's shares were quoted trading at around ₹1,629 per share, up 0.75 per cent from its previous close of ₹1,616.80 on the NSE, at 03:12 PM on Friday.

3:03 PM

Stock Market LIVE Updates: 3 PM Market Update - Sensex trades higher by 720 pts; Nifty above 24,850

Stock Market LIVE Updates: Indian equity benchmark indices were trading higher by nearly 1 per cent on Friday, led by buying across the sectors. At 3 PM, BSE Sensex was trading higher by 725.70 points or 0.90 per cent at 81,677.69, and NSE Nifty50 was up 243.35 points or 0.99 per cent at 24,853.05.

2:47 PM

Stock Market LIVE Updates: IRB Infra eyes asset base of Rs 1.4 trillion in next three years

Stock Market LIVE Updates: IRB Infrastructure Developers (IRB Infra), India's largest road operator, is eyeing a road asset base of Rs 1.4 trillion in the next three years from the current base of Rs 80,000 crore. The growth will largely come from the toll-operated-transfer (TOT) segment, Anil Yadav, director, investor relations, IRB Infra, told Business Standard in an interview. READ MORE

2:39 PM

Stock Market LIVE Updates: Aegis Vopak Terminals IPO opens on May 26; check price band, GMP, key dates

Stock Market LIVE Updates:  Aegis Vopak Terminals , a chemicals and oil storage and logistics solutions provider, is set to launch its initial public offering (IPO) on May 26, 2025. The ₹2,600-crore issue comprises a fresh issue of 57.5 million shares. There is no offer for sale (OFS) component. READ MORE

2:20 PM

Stock Market LIVE Updates: IFCI, Reliance Infrastructure soar up to 13% on heavy volumes

Stock Market LIVE Updates: Shares of IFCI and Reliance Infrastructure have soared by up to 13 per cent on the BSE in Friday’s intra-day trade amid heavy volumes. 

 

In the past two weeks, the stock price of these companies has zoomed 48 per cent and 39 per cent, respectively. READ MORE

2:12 PM

Stock Market LIVE Updates: Ola Electric up 7% as board approves ₹1700-cr fundraise

Stock Market LIVE Updates: Ola Electric Mobility shares climbed 7.3 per cent in trade on Friday, May 23, 2025. The demand for the stock came after the company's board approved the issuance of securities aggregating up to ₹1,700 crore.

 

At 1:31 PM, Ola Electric's share price was up 4.1 per cent at ₹53.61 per share on the BSE. In comparison, the BSE Sensex was up 1.07 per cent at 81,819.89. READ MORE

2:04 PM

Stock Market LIVE Updates: 2 PM Market Update - Sensex climbs 850 pts; Nifty near 24,900

Stock Market LIVE Updates: Indian equity benchmark indices rose over 1 per cent on Friday, led by buying across the sectors. 

 

At 2 PM, BSE Sensex was trading 858.7 points or 1.06 per cent to 81,818.83 and NSE Nifty50 was up 273.4 points or 1.11 per cent at 24,883.15. 

1:57 PM

Stock Market LIVE Updates:6 mainline, 6 SME issues to keep investors busy next week

Stock Market LIVE Updates: After months of dryspell, India's primary market is buzzing again with activity. Investors will see four mainboard IPOs opening for subscription next week, along with two listings. Mainboard IPOs opening next week include Prostar Info Systems IPO, Leela Hotels IPO, Aegis Vopak Terminals IPO, and Scoda Tubes IPO. Mainboard listings include Belrise Industries listing and Borana Weaves listing.

In the SME segment, Victory Electric Vehicles IPO, Neptune Petrochemicals IPO, Nikita Papers IPO, Astonea Labs IPO, and Blue Water Logistics IPO will open for public subscription next week. SME listing, meanwhile, include Unified Data-Tech and Dar Credit and Capital. READ MORE

 

1:46 PM

Stock Market LIVE Updates: Reliance to invest ₹75,000 cr, Adani Group ₹50,000 cr in Northeast region

Stock Market LIVE Updates: At the Rising Northeast Investors Summit held on Friday, Reliance Industries and the Adani Group unveiled ambitious investment plans totalling ₹1.25 trillion that could transform the Northeast region’s infrastructure, employment, and energy landscape. READ MORE

1:38 PM

Stock Market LIVE Updates: Reliance Power share skyrockets 19% amid heavy volumes

Stock Market LIVE Updates: Electric power generation, transmission and distribution company Reliance Power shares were buzzing in trade on Friday, May 23, 2025, with the scrip zooming up to 18.66 per cent to hit an intraday high of ₹52.90 per share 

 

Reliance Power's share price was buzzing in trade today amid heavy volumes. READ MORE

1:30 PM

Stock Market LIVE Updates: Dividend stocks: Infosys, ITC, Trident, 17 others to go ex-date next week

Stock Market LIVE Updates: Shares of Infosys, ITC, Lloyds Metals and Energy, Angel One, and 16 other companies are set to remain in spotlight during the next week's trading session from Monday, May 26, 2025 - Friday, May 30, 2025 following their announcement of dividend rewards for their shareholders.

 

The other companies to feature in the list include, Archean Chemical Industries, Black Rose Industries, Pearl Global Industries, Man Infraconstruction, L&T Finance, Trident, Colgate Palmolive (India), Kennametal India, Tata Consumer Products, Bajaj Finance, Caplin Point Laboratories, GlaxoSmithKline Pharmaceuticals, Meghna Infracon Infrastructure, Ponni Sugars (Erode), UNO Minda and Vimta Labs. READ MORE

1:20 PM

Stock Market LIVE Updates: Life Insurance shares in focus; HDFC Life, Max Financial hit record highs

Stock Market LIVE Updates: Shares of listed life insurance companies were in focus, gaining up to 4 per cent on the BSE in Friday’s intra-day trade. Max Financial Services (up 4 per cent at ₹1,467.50) and HDFC Life Insurance Company (up 2 per cent at ₹770.95) hit their respective all-time highs. SBI Life Insurance Company, ICICI Prudential Life Insurance Company (ICICI Pru) and Life Insurance Corporation of India (LIC) were trading higher in the range of 2 per cent to 3 per cent.

 

Thus far in the calendar year 2025, the stock price of Max Financial Services, SBI Life and HDFC Life have rallied between 25 per cent and 33 per cent. Meanwhile, LIC and ICICI Pru have seen their market price decline by up to 4 per cent. In comparison, the BSE Sensex was up 4 per cent during the same period. READ MORE

1:13 PM

Stock Market LIVE Updates: Emcure Pharma hits 10% upper circuit; gains 20% in three days; here's why

Stock Market LIVE Updates: Emcure Pharmaceuticals shares were locked in a 10 per cent upper circuit on Friday, May 23, 2025. The stock extended rally for the third consecutive session and gained nearly 20 per cent. The buying on the counter came after the company released its Q4 results. 

 

In the fourth quarter (Q4FY25) pharma company's net profit stood at ₹197.2 crore as against ₹121 crore, up 62 per cent. Its revenue from operations in Q4 came in at ₹2,116.2 crore as compared to ₹1,771.3 crore a year ago, up 19 per cent. READ MORE

1:02 PM

Stock Market LIVE Updates: 1 PM Market Update - Sensex climbs 868 pts; Nifty near 24,900

Stock Market LIVE Updates: Indian equity benchmark indices rose over 1 per cent on Friday led by buying acorss the sectors. At 1 PM, BSE Sensex was trading 868.5 points or 1.07 per cent to 81,820.5 and NSE Nifty50 was up 277 points or 1.13 per cent at 24,886.75. 

12:47 PM

Stock Market LIVE Updates: Prostarm Info Systems IPO opens on May 27; here's all you need to know

Stock Market LIVE Updates: The initial public offering (IPO) of the energy storage and power conditioning equipment maker company, Prostarm Info Systems, is scheduled to open for public subscription on Tuesday, May 27, 2025. Ahead of opening for public subscription, the bidding for the anchor investors is scheduled to take place on Monday, May 26. Prostarm Info Systems, with this public offering, seeks to raise ₹168 crore. The public issue of Prostarm Info Systems is a book-built issue comprising an entirely fresh issue of 16 million equity shares, aggregating up to ₹168 crore. READ MORE

12:38 PM

Stock Market LIVE Updates: What drove Indoco Remedies share price 6% higher today? Top details inside

Stock Market LIVE Updates: Indoco Remedies shares rose as much as 6.38 per cent to hit an intraday high of Rs 258.20 per share after the company announced that it has secured final approval of Allopurinol Tablets USP, 200 mg through Company’s Abbreviated New Drug Application (ANDA) for Allopurinol Tablets USP to market a generic equivalent to the reference listed drug (RLD), Zyloprim 200 mg of Casper Pharma LLC from USFDA.

 

At 12:10 PM, Indoco Remedies share price was trading 1.77 per cent higher at Rs 247. In comparison, BSE Sensex was trading 0.90 per cent higher at 81,678.93 level. READ MORE

12:24 PM

Stock Market LIVE Updates: Why did Waaree Energies, Premier Energies stock slip up to 11% in trade?

Stock Market LIVE Updates: Waaree Energies and Premier Energies share price slipped up to 11 per cent in trade on Friday, May 23, 2025. The clean energy stocks were under pressure after the US passed the new tax bill that aims to rollback clean energy subsidies introduced during former President Joe Biden’s tenure. The bill was narrowly passed with a vote of 215–214, as all Democrats opposed it, joined by two Republican lawmakers.

 

At 10:28 AM, Waaree Energies shares were down 8.53 per cent at ₹2,741 per share on the BSE and Premier Energies shares were down 4.4 per cent at 1,035.75 per share. In comparison, the BSE Sensex was up 0.769 per cent at 81,508.74. READ MORE

12:16 PM

Stock Market LIVE Updates: Here's why Power Mech shares were buzzing in trade on May 23; details

Stock Market LIVE Updates: Power Mech Projects (Power Mech) shares were buzzing in trade on Friday, May 23, 2025, with the scrip rising up to 14.70 per cent after posting strong results in the March quarter of financial year 2025 (Q4FY25). However, at 11:50 AM, Power Mech shares were trading 6.88 per cent higher at Ra 3,149.65 per share. In comparison, BSE Sensex was trading 0.99 per cent higher at 81,749.50 level.

 

The company reported a 53.8 per cent jump in consolidated net profit to ₹129.8 crore in Q4FY25, as against ₹84.4 crore in the same quarter a year ago (Q4FY24), influenced by robust revenue growth and steady operating margins. READ MORE

12:05 PM

Stock Market LIVE Updates: 12 PM Update- Sensex up 737 pts; Nifty above 24,800

Stock Market LIVE Updates: In the afternoon deals, BSE Sensex surged 737 points or 0.91 per cent to 81,689.41 and NSE Nifty50 was up 237 points or 0.96 per cent at 24,846.05. 

11:54 AM

Stock Market LIVE Updates: How much upside can ITC stock see post Q4 results?

Stock Market LIVE Updates: ITC shares rose 2.8 per cent to hit an intraday high of ₹433.20 on Friday, following the company’s announcement of its Q4 results.

 

For the quarter ended March 2025, ITC reported an adjusted net profit of ₹5,155.27 crore, marking a 3 per cent increase from ₹4,934.80 crore in the same period last year. Revenue from operations saw a slight uptick, rising from ₹20,349.96 crore to ₹20,376.36 crore year-on-year. Can the recent Q4 results help the stock take a directional move? How much can the stock rise or fall from current levels? READ MORE 

11:41 AM

Stock Market LIVE Updates: Why did Ramco Cements share price fall 3% in trade on Friday, May 23?

Stock Market LIVE Updates: Ramco Cements shares came under pressure in early trade, falling as much as 2.88 per cent to hit an intraday low of ₹959.65.The stock fell after the company posted a weak set of results in the March quarter of financial year 2025 (Q4FY25).

 

However, by 11:03 AM, the stock had rebounded, trading 0.79% higher at ₹996 per share. In comparison, the BSE Sensex was up 1.08 per cent, trading at 81,825.26. READ MORE 

11:34 AM

Stock Market LIVE Updates: Unified Data-Tech IPO day 2 update; subscription at 2x, GMP rises to 37%

Stock Market LIVE Updates:The initial public offering (IPO) of Unified Data-Tech Solutions, which opened for subscription on Thursday, May 22, 2025, has seen a subdued response from investors so far. As of 10:18 AM on Friday, the second day of the issue, it was subscribed just 2.67 times, according to data from the BSE SME platform. READ MORE