Sensex Nifty Live Updates May 21: Sensex Rises 410 Points, Nifty Nears 24,850 in Broad-Based Recovery

Indian markets rebounded on May 21, closing higher after a volatile session supported by gains in defensive stocks and select PSUs. The Nifty 50 rose 0.52% to end at 24,813, while the Sensex added 0.51% to close at 81,596. Bharat Electronics, Cipla, and Tata Steel were among the top performers. Meanwhile, IndusInd Bank and JSW Steel were among the key laggards. 

Stock Market Highlights, May 21:

• Indian Benchmarks End Higher: The Nifty 50 rose 0.52% to close at 24,813, while the Sensex climbed 0.51% to 81,596, supported by gains in heavyweights like Bharat Electronics (up 5.28%) and Cipla (up 1.93%). Financials and metal stocks showed mixed trends.
• Mixed Global Cues: Asian markets were broadly positive, with Hang Seng up 0.62% and Shanghai Composite gaining 0.22%, though Japan’s Nikkei slipped 0.61%. European indices traded mixed at mid-session, while US futures pointed to a possible weak start, with Dow, NASDAQ, and S&P 500 futures all down over 0.7%.
• Gainers & Losers Today: Defensive stocks and select PSU names led gains, while private banks and select metal counters underperformed. IndusInd Bank (-1.57%) and JSW Steel (-1.17%) were among the top Nifty laggards.

Stay informed with our in-depth look at what’s driving the stock market tomorrow.

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US Markets Live Today

*As of 15:28 IST

Stock in News Today:

Here are the top stocks to watch today following their latest earnings and key business updates.

United Spirits 

United Spirits reported a strong performance for the March quarter, with net profit jumping 74.7% year-on-year to ₹421 crore, compared to ₹241 crore in the same period last year. Revenue also witnessed healthy growth, rising 8.9% to ₹3,031 crore, up from ₹2,783 crore a year ago.

Dixon Technologies

Dixon Technologies posted an exceptional quarterly performance, with net profit soaring 378% to ₹465 crore, as against ₹97.3 crore in Q4 FY24. The company also saw a sharp rise in revenue, which grew 121% to ₹10,292.5 crore, compared to ₹4,658 crore last year. The board has recommended a final dividend of ₹8 per share for FY25.

Torrent Pharmaceuticals

Torrent Pharma reported a 10.9% year-on-year rise in net profit, reaching ₹498 crore, up from ₹449 crore in the same quarter of the previous year. Revenue came in at ₹2,959 crore, registering a 7.8% increase over the ₹2,745 crore posted in Q4 FY24.

NHPC

NHPC reported a 52% jump in consolidated net profit, which stood at ₹919.63 crore for the March 2025 quarter, compared to ₹605 crore in the same period last fiscal. The profit growth was supported by higher income, according to the company’s filing with the stock exchange.

JK Tyre 

JK Tyre & Industries posted a 42.5% decline in consolidated net profit, which dropped to ₹98.66 crore for the quarter ended March 2025, down from ₹171.66 crore in the year-ago period. The decline was attributed to increased expenses and adverse foreign exchange movements, the company noted in its regulatory filing.
 

Stock Market Outlook for Today:

• Flat-to-Positive Start Expected: Gift Nifty is trading 0.24% higher, and the Nifty has opened with a mild 0.25% gap-up at 24,744, suggesting a cautious yet slightly positive start amid mixed global cues.
• Weak Global Signals, Mixed Asia: Overnight losses in the Dow Jones (-0.27%) and Nasdaq (-0.38%) may limit upside momentum, although gains in Hang Seng (+0.53%) and Shanghai Composite (+0.40%) may offer some regional support.
• Cautious Sentiment Ahead: Low PCRs (Nifty at 0.6252, Bank Nifty at 0.7716) point to potential cautiousness in the derivatives segment. Heavy FII outflows (-₹10,016.1 crore) may weigh on intraday sentiment, even as DIIs remain net buyers.
   

Indian Stock Market Recap: May 20

Markets ended sharply lower on Tuesday, with the Nifty falling 1.05% to close at 24,683 and the Sensex shedding 1.06% to settle at 81,186. Selling pressure was seen across sectors as weak global cues and persistent profit booking dragged the indices lower.

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FII/DII Activity:

Foreign Institutional Investors (FIIs) Net Buy/Sell : -10016.1
Domestic Institutional Investors (DIIs) Net Buy/Sell : 6738.4

*As of 09:42 IST
 
This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.