Mumbai: The Indian stock market ended Thursday, May 15, 2025, on a very strong note. After a quiet first half, the market saw a big rally in the second half. The BSE Sensex surged by 1,200 points, or 1.48 per cent, to close at 82,530.74. The Nifty50 also jumped 395.20 points, or 1.6 per cent, to close above the key 25,000 mark at 25,062.10.
The rally was driven by positive news from the United States. US President Donald Trump said that India had offered a zero-tariff trade deal. This raised hopes of a final trade agreement between the two countries. India is trying to make a deal within the 90-day window, after Trump earlier announced a 26 per cent tariff on Indian goods.
Midcap and smallcap stocks also gained. The Nifty Midcap 100 rose by 0.69 per cent, while the NSE Smallcap 100 ended 0.54 per cent higher. Sector-wise, the Nifty Auto and Nifty Realty indices were the top performers, both rising 1.9 per cent.
Auto stocks led the charge, with big gains in Hero MotoCorp, Tata Motors, Bajaj Auto, and TVS Motor. Realty stocks like Raymond, Macrotech Developers, Anant Raj, and DLF also saw good gains. Other sectors such as metals, banks, IT, and oil & gas were also in the green.
On the Sensex, all stocks closed higher except for IndusInd Bank. It fell due to news of another internal audit over accounting issues. Top Sensex gainers included Tata Motors (up 4.16 per cent), HCL Tech (3.37 per cent), Eternal (2.22 per cent), Adani Ports (2.19 per cent), and Asian Paints (2.07 per cent).
In midcaps, Cochin Shipyard soared 7.27 per cent, followed by Alkem Labs, IRB Infra, Vodafone Idea, and Motilal Oswal, all gaining more than 3 per cent.
According to Shrikant Chouhan, Head – Equity Research: Today, the benchmark indices witnessed a stellar rally. The Nifty ends 395 points higher, while the Sensex was up by 1200 points. Among sectors, all major sectoral indices traded in positive territory, but the Defense index outperformed, rallying 2.62 percent. Technically, after an early morning intraday selloff, the market took support near 24,500/80800 and bounced back sharply. From the day's lowest point, the market rallied over 600 /1900 points. Additionally, it successfully cleared the 25,000/82500 mark and managed to close above it, which is largely positive. Moreover, there is a bullish candle on the daily charts and an uptrend continuation formation on the intraday charts, indicating a further uptrend from the current levels. We believe that the market's outlook remains positive, but buying on intraday corrections and selling on rallies would be the ideal strategy for day traders. On the downside, 24,900/82200 and 24,750/81800 would act as key support zones, while 25,210–25,300/82800-83000 could serve as key resistance levels for the bulls. However, below 24,750/81800, the uptrend would become vulnerable.
