Sensex, Nifty surge in early commerce on hopes of India-U.S. commerce deal, FII shopping for

A person walks previous the Bombay Inventory Trade (BSE) constructing, in Mumbai. File
| Photograph Credit score: PTI

Fairness benchmark indices Sensex and Nifty surged in early commerce on Friday (Might 2, 2025) amid optimism surrounding a possible India-U.S. commerce deal, file excessive GST assortment in April, and steady overseas fund inflows. Furthermore, a agency pattern in international markets additionally added to the optimism in equities.

The 30-share Bombay Inventory Trade (BSE) benchmark gauge jumped 500.81 factors to 80,743.05 in early commerce. The NSE Nifty surged 110.65 factors to 24,444.85. Later, the Sensex quoted 816.41 factors up at 81,064.47, and the Nifty climbed 222.30 factors to 24,556.50.

From the Sensex corporations, Adani Ports jumped practically 5% after the agency reported a 50% in its March quarter internet revenue and issued a better year-on-year income development forecast for the present fiscal, citing sturdy development in port volumes and a sturdy rise within the logistics enterprise.

Maruti, IndusInd Financial institution, Axis Financial institution, ICICI Financial institution, Everlasting and Mahindra & Mahindra have been additionally among the many gainers whereas Nestle, Titan, Bajaj Finserv and Hindustan Unilever have been the laggards.

The stunning resilience of the market has been primarily pushed by the sustained International Institutional Investor (FII) shopping for for eleven buying and selling days in a row taking the cumulative FII shopping for for this era to ₹37,375 crore, V.Okay. Vijayakumar, Chief Funding Strategist at Geojit Investments Restricted, mentioned.

“FII shopping for has been pushed by weak spot within the greenback and declining development prospects within the U.S.. Different macros like declining rates of interest in India, decline in crude costs, and inexperienced shoots of pickup in demand are positives for the market. The excessive likelihood of India among the many 5 ‘allies’ of the US getting into into early commerce offers with the U.S. can also be a major optimistic issue,” he added.

Items and Companies Tax (GST) assortment rose 12.6% Y-o-Y to an all-time excessive of about ₹2.37 lakh crore in April, which the Authorities mentioned exhibits the resilience of the Indian economic system and the effectiveness of cooperative federalism.

“Domestically, the market sentiment stays upbeat resulting from continued FII shopping for, sturdy quarterly earnings, file excessive GST assortment throughout the month of April, and a drop in oil costs to a three-month low of $61 per barrel,” Vikas Jain, Head of Analysis at Reliance Securities, mentioned.

In Asian markets, South Korea’s Kospi index, Tokyo’s Nikkei 225 and Hong Kong’s Grasp Seng have been buying and selling within the optimistic territory whereas Shanghai SSE Composite index quoted marginally decrease.

U.S. markets ended within the optimistic zone on Thursday.

“Constructive triggers embody file GST collections (₹2.37 lakh crore), renewed FII curiosity in India, and upbeat cues from international markets just like the Dow’s 8-day rally,” Prashanth Tapse, Senior VP (Analysis), Mehta Equities Ltd, mentioned.

Optimism returned Friday morning as Asian markets and US futures rose after China signaled willingness for tariff talks, he added.

International oil benchmark Brent crude climbed 0.69% to $62.56 a barrel.

International Institutional Traders (FIIs) purchased equities price ₹50.57 crore on Wednesday (April 30), in accordance with trade information.

Fairness markets have been closed on Thursday (Might 1) for ‘Maharashtra Day’.

The 30-share BSE benchmark gauge declined 46.14 factors or 0.06% to settle at 80,242.24 on Wednesday (April 30). The Nifty ended marginally decrease by 1.75 factors or 0.01% at 24,334.20.