Sensex Nifty Live Updates May 23: Markets Close Firmly Higher; Nifty Ends Near 24,850

Indian markets climbed on May 23, supported by gains in power, financials, and FMCG stocks. The Nifty 50 rose 0.99% to 24,853, while the Sensex gained 0.95% to settle at 81,721. Eternal and HDFC Life led the gainers, while Sun Pharma and Grasim saw declines. Global sentiment remained mixed, with modest gains in European indices and subdued movement in U.S. futures and Asian markets.

Stock Market Highlights, May 23:

• Domestic Surge Led by Power & Financials: The Nifty 50 closed 0.99% higher at 24,853, with top gainers like Eternal (+3.72%), HDFC Life (+3.25%), and Jio Financial (+2.62%) driving the rally. The Sensex mirrored the uptrend, rising 0.95% to 81,721.
• Mixed Global Sentiment: Asian markets showed a mixed close, with Japan’s Nikkei up 0.47% and China’s Shanghai Composite down 0.93%. European indices traded cautiously mid-session, while US futures hovered flat, reflecting a potential wait-and-watch mood globally.
• Selective Pressure on Pharma & Industrials: Despite broad gains, Sun Pharma (-2.04%) and Grasim (-0.57%) emerged as key laggards, weighing on sectoral performance amid an otherwise positive trading session.

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

Top Gainers:

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European Market Mid-Session Update:

US Markets Live Today

*As of 15:31 IST

Catch the latest Sensex Nifty updates as the markets swing with changing global trends, domestic cues, and sector performances. Follow how India’s benchmark indices are shaping the trading day.

Stock in News Today:

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

ITC Ltd

ITC Ltd reported a consolidated net profit of ₹19,807 crore for Q4FY25, significantly boosted by a one-time gain of ₹15,145 crore from the spin-off of its hotel business into the newly established ITC Hotels Limited.

NTPC Green Energy

NTPC Green Energy, a subsidiary of the state-run power major, has secured an 80 MW/320 MWh battery energy storage system in Kerala through a competitive bidding process conducted by NHPC. The project will offer four-hour backup capacity at 80 MW.

HFCL

HFCL posted a net loss of ₹81.4 crore for the fourth quarter of FY25, reversing from a profit of ₹110 crore in the same quarter last year. The decline was primarily attributed to subdued demand for its optical fibre cable products.

Gujarat State Petronet

For the January–March quarter, Gujarat State Petronet saw its net profit fall by 53.6% year-on-year to ₹220.3 crore, compared to ₹475 crore in Q4FY24.

Grasim Industries

Grasim Industries reported a net loss of ₹288 crore for Q4FY25, narrowing from a loss of ₹441 crore recorded in the same quarter a year ago.

Stock Market Outlook for Today:

• Flat-to-Positive Opening Expected: Nifty opened marginally higher at 24,639, supported by a 0.25% rise in Gift Nifty and gains in major Asian indices like Nikkei and Hang Seng.
• Derivatives Signal Mixed Sentiment: Nifty and Bank Nifty PCRs below 1 hint at cautious sentiment, while Max Pain levels at 24,600 and 55,000 may act as technical support zones.
• Global Cues Mixed, FII Selling Continues: Slight gains in Nasdaq and drop in U.S. bond yields offer some relief, but heavy FII outflows (₹5,045 Cr sold) may weigh on sentiment despite DII buying support.
   

Indian Stock Market Recap: May 22

Markets closed lower on Thursday, with the Nifty slipping 0.82% to end at 24,609 and the Sensex declining 0.79% to settle at 80,951. Weakness across key sectors and persistent FII outflows weighed on sentiment.

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Global Market Cues (US Indices):

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FII/DII Activity:

Foreign Institutional Investors (FIIs) Net Buy/Sell : -5045.4
Domestic Institutional Investors (DIIs) Net Buy/Sell : 3715

*As of 09:26 IST
 
This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.