Weekly market update, May 02, 2025

India’s benchmark equity indices ended a holiday-shortened week higher supported by positive India’s IIP data, as industrial production grew by 3 percent in March and global markets remained stable, aided by ongoing U.S. bilateral trade discussions. The NSE Nifty 50 closed 1.28% higher at 24,346, while the BSE Sensex ended 1.63% up at 80,501. In the broader market, the BSE MidCap rose 0.61%, while SmallCap down by 1.18%. On sectoral front, most sectoral indices posted gains except BSE FMCG, BSE CD and BSE Metal.

Analysts expect that investors will monitor some key market triggers in the coming week. The next set of March quarter earnings for fiscal 2024-25 (Q4FY25), US Federal Reserve’s monetary policy decision, domestic macroeconomic data, India-Pakistan geopolitical tensions, foreign capital inflows, trade deal announcements, and global cues will dictate the market trend in the week.

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