May 7, 2025
New Delhi, India
Stock Market
Indian equity markets closed on a positive note Wednesday, brushing aside early volatility sparked by Indian armed forces’ missile strikes in Pakistan and Pakistan-Occupied Kashmir under “Operation Sindoor.”
Indices Show Resilience Post Strikes
The BSE Sensex climbed 106 points to end at 80,747, while the NSE Nifty settled 35 points higher at 24,414. The strikes—targeting nine terror hubs, including Jaish-e-Mohammad’s Bahawalpur base and Lashkar-e-Taiba’s Muridke stronghold—were conducted in retaliation for the recent Pahalgam terror attack that claimed 26 civilian lives. (theguardian.com)
Broader Markets and Sectors Outperform
The broader markets outshone the benchmarks. The Nifty Midcap 100 surged 2% to 54,288, while the BSE Midcap and Smallcap indices gained 1.36% and 1.16%, respectively. Auto, realty, consumer durables, and media sectors led the rally, while FMCG and pharma lagged.
Top Gainers and Movers
Tata Motors surged 5% amid buzz around its demerger plan. Eternal advanced 2%, while Paytm rallied over 7% post narrowing Q4 losses and achieving EBITDA breakeven. Other gainers included Bajaj Finance, Jio Financial, and Shriram Finance. On the downside, Asian Paints, Sun Pharma, and Reliance Industries ended in the red.
Despite geopolitical tremors, the Indian stock market showcased resilience, powered by robust midcap performance, upbeat corporate earnings, and sectoral momentum. Defence-related counters also witnessed renewed investor interest in light of regional tensions.
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