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.