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- By Aditya Pratap Singh
- Fri, 02 May 2025 04:24 PM (IST)
- Source:JND
Stock Market Closing Bell: Amid record-high April GST collection, ongoing foreign fund inflows, and optimism over a possible India-US trade deal, the BSE benchmark index, the Sensex, ended Friday 260 points higher. Additionally, a strong trend in international markets contributed to the optimism in stocks. The 30-share BSE benchmark gauge later trimmed most of the gains following a strong intraday rally, closing 259.75 points, or 0.32 per cent, higher at 80,501.99. The benchmark increased 935.69 points, or 1.16 percent, to 81,177.93 during the day.
The NSE Nifty managed a meagre gain of 12.50 points, or 0.05 per cent, to close at 24,346.70 in a tumultuous trade.
Top Gainers And Losers
After reporting a 50% increase in its March quarter net profit and releasing a higher year-over-year revenue growth forecast for the current fiscal year, citing robust growth in the logistics business and strong port volumes, Adani Ports, one of the Sensex companies, jumped more than 4%.
Other companies that benefited included Bajaj Finance, IndusInd Bank, State Bank of India, Maruti, Tata Motors, ITC, Tata Steel, and Reliance Industries. Among the laggards were Titan, Kotak Mahindra Bank, Nestle, NTPC, and Power Grid.
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The government claimed that the resiliency of the Indian economy and the efficacy of cooperative federalism were demonstrated by the Goods and Services Tax (GST) collection, which increased 12.6% year over year to an all-time high of roughly Rs 2.37 lakh crore in April.
According to a monthly survey released on Friday, the Indian manufacturing sector's growth momentum improved in April, with output growing at the fastest rate since June 2024 thanks to yet another robust expansion in order books.
From 58.1 in March to 58.2 in April, the seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) showed the biggest improvement in the sector's health in a decade.
International Market Today
While the Shanghai SSE Composite index ended slightly lower, the Kospi index of South Korea, the Nikkei 225 of Tokyo, and the Hang Seng of Hong Kong all settled in the positive zone in Asian markets.
The markets in Europe were trading more strongly. Thursday's closing of US markets was positive. Brent crude, a global oil benchmark, fell 0.82 percent to USD 61.62 per barrel.
Exchange data shows that on Wednesday, foreign institutional investors (FIIs) purchased stocks valued at Rs 50.57 crore. Thursday was "Maharashtra Day," and as such, the equity markets were closed.
On Wednesday, the Sensex fell 46.14 points, or 0.06 percent, to end the day at 80,242.24. At 24,334.20, the Nifty closed slightly lower by 1.75 points, or 0.01 percent.