Nifty 50 Surges Past 24,900 Mark After Three-Day Dip, Pharma and Auto Lead Rally
On May 21, 2025, the Nifty 50 rebounded strongly, gaining over 250 points to reach 24,937.70. This comes after a three-day decline, driven by buying in pharma, financials, and auto sectors. Positive global cues and value buying contributed to the rally, with analysts predicting further upside if momentum sustains above 24,850.
As of midday on May 21, 2025, the Indian stock market is experiencing a robust rally, with the Nifty 50 index climbing above the 24,900 mark. This surge follows a three-day losing streak, signaling renewed investor confidence.
Market Highlights
Nifty 50: The index rose by 253.80 points, or 1.03%, reaching 24,937.70.
BSE Sensex: The benchmark index increased by 803 points, or 0.99%, to 81,989.69.
Nifty Bank: Trading at 54,883.65, the index saw a marginal gain of 0.01%, with a 52-week high of 56,098.70.
Sectoral Performance
Pharmaceuticals: The sector led the gains, with stocks like Sun Pharma and Torrent Pharma rising significantly.
Financials: HDFC Bank contributed to the index's rise, gaining 1.5%.
Automobiles: The auto sector also performed well, with Mahindra & Mahindra among the top gainers.
Also Read: Qure.ai Plans IPO Within Two Years Amid Rapid Global Expansion
Market Sentiment
The rally is attributed to value buying after recent declines and positive cues from global markets. Despite concerns over foreign investor outflows, domestic investors are optimistic, anticipating potential policy support and favorable economic indicators.
Analysts suggest that if the Nifty 50 sustains above the 24,850 level, it may test higher resistance levels in the near term.
For investors in Ludhiana, Punjab, it's advisable to monitor sector-specific developments and global market trends, as these factors continue to influence market dynamics.
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