Indian stock market ends higher on May 2, 2025, with Sensex gaining 260 points and Nifty closing at 24,350. Oil & gas and auto stocks lead the rally while metal shares decline.
The Indian stock market ended on a positive note today, Friday, May 2, 2025, as both benchmark indices—Sensex and Nifty—saw notable gains. Aided by strong performances in the oil & gas and auto sectors, investor sentiment remained upbeat despite global economic uncertainties. However, metal stocks dragged due to weak global commodity trends.
Indian Stock Market Update – May 2, 2025:
On Friday, May 2, 2025, the Indian stock market closed on a positive note, driven by strong performances in the oil & gas and auto sectors. The benchmark indices, Sensex and Nifty, ended the session in green, despite early volatility and global market concerns.
The BSE Sensex gained 259.75 points to finish at 80,560.65, while the NSE Nifty 50 rose 97.75 points, settling at 24,350.45. This marked a strong start to the month of May, offering optimism for investors tracking the Indian equity markets.
Sector Performance Overview:
The market’s momentum was primarily fueled by the oil & gas sector. Stocks like BPCL, ONGC, and Indian Oil posted notable gains due to a steady rise in global crude prices and improved quarterly outlooks. This sector was the biggest contributor to today’s rally.
The automobile sector also showed strength, with companies like Tata Motors and Maruti Suzuki ending higher amid encouraging sales data and growing demand in both domestic and export markets.
However, the gains were partially capped by weakness in the metal sector, which saw profit booking. Stocks such as Hindalco, JSW Steel, and Tata Steel declined due to global commodity pressures and softening Chinese demand.
Indian Stock Market: Stock-Specific Highlights:
Bajaj Finance rose over 3%, contributing significantly to Sensex’s gains.
Infosys and HDFC Bank provided stable support to the indices.
Hindalco fell nearly 2%, becoming one of the top Nifty laggards.
For more Updates : Groww
Also Read: Stock Market Update: Sensex and Nifty Decline Amid Geopolitical Tensions – April 25, 2025
Global Market Influence:
Global market cues were mixed, with Wall Street closing mildly higher on Thursday. Investor sentiment was also influenced by the U.S. Federal Reserve’s decision to keep interest rates unchanged, signaling a wait-and-watch approach for inflation data. Asian markets were largely flat, adding to early uncertainty in Indian markets.
Conclusion:
Despite global volatility, Indian markets have displayed resilience, especially in key sectors like oil & gas and auto. Analysts believe this upward momentum may continue if earnings remain positive and global macroeconomic indicators stay stable. Investors are advised to focus on fundamentally strong stocks and monitor sectoral trends closely.
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