Indian stocks traded higher in turbulent trade on Wednesday (May 21, 2025) and lasted around 1pm – Key title Nifty50 Nifty50 rose 110 points to 24,795, while 30 shares of Sensex traded at 0.45% or 367 points, or 81,553 points.
Meanwhile, wider indexes trade at yield, with mid-cap stocks rising. However, with the support of the index heavyweight, the bank Nifty made a slight gain with slight gains.
Here are the possible reasons for supporting the benchmark index on May 21, 2025:
Heavyweight support: Heavyweights like ICICI Bank, Tata Steel, Bharat Electronics, Reliance Industries, etc. have helped the BlueChip Nifty index reach a scale of today's trade levels of over 24,900 levels.
Based on extensive purchases: It can be seen in all areas based on a wide range of purchases, while real estate, pharmaceuticals and car packages all bring benefits. Finally, only consumer durable meters can experience some sales pressure.
Asian Market: Asian markets with rising ticket transactions with most regional markets. This is even an escalation of geopolitical tensions between Iran and Israel. Meanwhile, investors sat off the court in search of the development of the US-China trade agreement.
But Japan's index was overturned as the country recorded an unexpected trade deficit in April.
Public sector stocks have also stolen the spotlight:
When we wrote the Nifty PSE index rose more than 1% and had closed 200-DeMA, this shifted from negative to positive.
Technical factors:
Anand James, Chief Market Strategist, Geojit Investments Limited on the Nifty outlook said, “With almost 50% of the Nifty 500 constituents closing at the lowest point of the day, yesterday's down move does signal a trend reversal, also suggested by the slippage past 24870, our downside marker. However, Nifty is now in the victory of 10 day SMA, which has steadfastly supported the trend on most days, since upside the crossover a month ago.”
Additionally, 76% of Nifty 500 shares outperform this critical SMA, indicating that there is a fair window to rebound. Alternatively, a skateboard exceeding 24700 will indicate targeting subordinates of 24280-24060.
