SME Times is powered by   
Search News
Just in:   • Cabinet approves semiconductor unit in UP, to attract Rs 3,700 crore investment  • Indian stock market ends higher, defence sector remains resilient  • Pakistan receives second tranche of IMF funding, to begin budget discussions virtually  • US President arrives in Saudi Arabia amid ongoing turmoil in Middle East  • Ukraine notifies US of finalising natural resources deal 
Last updated: 14 May, 2025  

stock-2.jpg Indian stock market ends higher, defence sector remains resilient

stock-2.jpg
   Top Stories
» Indian stock market ends higher, defence sector remains resilient
» Need to further strengthen financial inclusion initiatives: FM Sitharaman
» Indian rupee opens stronger against US dollar
» Sensex surges over 2,100 pts, Nifty above 24,650
» Foreign investors infuse over Rs 14,000 crore into equity in May
IANS | 14 May, 2025

Indian stock markets ended Wednesday’s session on a strong note, supported by gains in metal, real estate and technology shares.

Among the key highlights was the continued strength in domestic defence stocks, which have been gaining momentum for three straight sessions. The sector remained resilient and showed consistent buying interest from investors.

Despite some volatility during the day, investor sentiment remained positive, helping benchmark indices close in the green.

At the closing bell, the Sensex was up by 182 points or 0.22 per cent, settling at 81,330.56.

Similarly, the Nifty rose by 88 points, or 0.36 per cent, to end the day at 24,666.

In Nifty, key option levels show 25,000 and 25,500 as major call resistances, while 24,000 and 24,500 serve as put supports, said experts.

The put-call ratio (PCR) of 0.72 suggests a mildly bearish bias, according to Sundar Kewat from Ashika Institutional Equity.

On the 30-share index, Tata Steel led the pack of gainers with a 3.88 per cent rise, followed by Eternal (2.18 per cent), Tech Mahindra (2.02 per cent), Maruti Suzuki India (1.66 per cent) and others.

On the downside, the biggest loser was Asian Paints, which declined by 1.78 per cent to close the intra-day session at Rs 2,283.65.

Other notable losers included Tata Motors, down by 1.26 per cent and Kotak Mahindra Bank which fell by 1.11 per cent.

Broader markets outperformed the headline indices, with the Nifty Midcap 100 index climbing 1.13 per cent and the Nifty Smallcap 100 index advancing 1.36 per cent -- reflecting healthy investor interest in mid- and small-cap stocks.

Adding to the positive market mood was the latest data on India’s retail inflation, which eased to its slowest pace in over six years in April.

The decline was largely driven by lower food prices and has strengthened expectations of a potential rate cut by the Reserve Bank of India (RBI).

Global cues also offered support, as softer-than-expected US consumer inflation data eased concerns over inflationary pressures and lifted hopes that the Federal Reserve may adopt a more accommodative stance going forward.

With domestic and global factors aligning favourably, market experts believe that investor confidence is likely to stay strong in the near term.

“The retreat in crude oil prices and the overall softening of the greenback acted as tailwinds, specifically supporting the local currency during intra-day's trading,” Dilip Parmar of HDFC Securities said.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter