Nifty climbs to 24,800 levels: Why is the Indian stock market rising today?

Indian equities in Wednesday's trade in a volatile trade (May 21, 2025) traded higher and last at around 1 pm- the key headline index Nifty50 was up 110 points at 24,795, while the 30-share Sensex traded with gains of 0.45 per cent or 367 points at 81,553. 

Meanwhile, the broader indices traded with gains, with the midcap stocks rising. However, Bank Nifty traded with mild gains, led by support from index heavyweights.

Here are the likely reasons supporting benchmark indices in trade on May 21, 2025:

Heavyweights support : Heavyweights like ICICI Bank, Tata Steel, Bharat Electronics, Reliance Industries all helped the bluechip Nifty index to scale levels over 24,900 levels in trade today.

Asian markets: Asian markets traded on a firm note with most regional markets in uptrend.