Markets rebound nearly 1%; Sensex surges over 760 points as FMCG, power shares gain

Foreign Institutional Investors (FIIs) offloaded equities worth ₹5,045.36 crore on May 22, 2025, according to exchange data.  | Photo Credit: PTI

Benchmark indices Sensex and Nifty rebounded sharply by nearly 1% on Friday (May 23, 2025), propelled by buying in market heavyweights Reliance Industries, HDFC Bank and ITC.

After a flat start to the trade, the 30-share BSE benchmark bounced back and surged 769.09 points or 0.95% to settle at 81,721.08. During the day, it jumped 953.18 points or 1.17% to 81,905.17.

The NSE Nifty rallied 243.45 points or 0.99% to 24,853.15.

From the Sensex firms, Eternal, Power Grid, ITC, Bajaj Finserv, Nestle, Axis Bank, Kotak Mahindra Bank and Adani Ports were among the biggest gainers.

Sun Pharma was the only laggard, declining nearly 2%.

The company’s stock declined after it reported a nearly 19% drop in consolidated net profit for the quarter ended March 31, 2025.

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

Markets in Europe were trading higher in mid-session deals.

U.S. markets ended largely flat in overnight trade on Thursday (May 22, 2025).

Global oil benchmark Brent crude dipped 0.23% to $64.29 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹5,045.36 crore on Thursday (May 22, 2025), according to exchange data.

On Thursday (May 22, 2025), the BSE Sensex tanked 644.64 points or 0.79% to settle at 80,951.99. The Nifty tumbled 203.75 points or 0.82% to 24,609.70.

Published - May 23, 2025 05:14 pm IST