Markets bounce back in early trade on buying in bank stocks

The 30-share BSE benchmark gauge Sensex bounced back in early trade and climbed 267.68 points to 81,454.12. The NSE Nifty went up by 82.25 points to 24,766.15. File | Photo Credit: The Hindu

Stock market benchmark indices Sensex and Nifty rebounded in early trade on Wednesday (May 21, 2025) after heavy drubbing in the previous session amid buying in blue-chip bank stocks and a firm trend in Asian peers.

The 30-share BSE benchmark gauge Sensex bounced back in early trade and climbed 267.68 points to 81,454.12. The NSE Nifty went up by 82.25 points to 24,766.15.

From the Sensex firms, Nestle, HDFC Bank, Hindustan Unilever, Maruti, UltraTech Cement, ICICI Bank, Axis Bank, Tata Consultancy Services, Tata Motors and State Bank of India were the biggest gainers.

Eternal, IndusInd Bank, Adani Ports and Kotak Mahindra Bank were among the laggards.

In Asian markets, South Korea’s Kospi, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng were trading in the positive territory while Japan’s Nikkei 225 index quoted lower.

U.S. markets ended lower on Tuesday (May 20, 2025).

Global oil benchmark Brent crude jumped 1.48% to $66.34 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹10,016.10 crore on Tuesday (May 20, 2025), according to exchange data.

Retreating from early highs, the 30-share BSE Sensex tanked 872.98 points or 1.06% to settle at 81,186.44 on Tuesday (May 20, 2025). The Nifty tumbled 261.55 points or 1.05% to 24,683.90.

Published - May 21, 2025 10:40 am IST