Research Report on Equity Markets May 05, 2025
Market Summary :
Indian benchmarks rose on Friday to log their longest weekly winning streak of the year, led by index heavyweight Reliance Industries, while steady foreign inflows and renewed optimism over a potential India-U.S. trade deal supported sentiment. The Nifty 50 closed 0.05% higher at 24,346.7 and the BSE Sensex gained 0.32% to 80,501.99. Both benchmarks rose about 1% earlier in the session before paring gains. The Nifty rose 1.3% this week while the Sensex added 1.6%, marking their third straight weekly gain. Signals of progress on a bilateral trade agreement between India and the U.S. buoyed market sentiment, with President Donald Trump hinting at potential trade deals with India, South Korea and Japan. Reliance Industries surged 9.4% this week, its best weekly performance in nearly five years, after it posted strong quarterly results on April 25.
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