Nifty Top Gainers and Losers on May 21: Bharat Electronics Soars; IndusInd Bank Dips Ahead of Earnings
- 21st May 2025
- 03:30:00 PM
- 2 min read
Mumbai, 21st May: Market Wrap-up
Indian equity markets closed higher on Wednesday, buoyed by gains across pharma, defence, steel, and financial sectors. The Nifty 50 index climbed 129.55 points, or 0.52%, to finish at 24,813.45, extending its recent rally amid broad-based buying. While select banking and industrial stocks faced selling pressure, strong performances from Bharat Electronics, Tata Steel, and Cipla helped sustain the upward momentum.
Nifty 50 Top Gainers and Losers on May 21
Key Triggers
- Bharat Electronics Ltd.: The stock surged following strong guidance on order inflows worth ₹27,000 crore for the current fiscal, boosting investor confidence in the defence sector.
- Tata Steel Ltd. & JSW Steel Ltd.: Both steel majors faced mixed trends—Tata Steel gained on stable domestic demand and pricing, while JSW Steel saw profit-booking amid global commodity price volatility.
- Cipla Ltd.: Benefitted from a positive pharma export outlook and overall sector optimism.
- HDFC Life Insurance Co. & Bajaj Finserv Ltd.: Financial sector stocks gained due to strong growth prospects and continued investor interest in insurance and financial services.
- IndusInd Bank Ltd. & Kotak Mahindra Bank: Both banks experienced selling pressure as investors positioned cautiously ahead of earnings and due to sector rotation.
- Coal India Ltd. & Power Grid Corp.: Both saw profit-booking after recent rallies, with investors taking cautious stances amid a muted market mood.
Market Outlook
With quarterly earnings season in full swing, investors remain focused on corporate results that could set the tone for market direction. Defence, pharma, and financial sectors are expected to drive near-term gains, supported by favourable domestic demand and policy tailwinds. However, caution prevails around banking and commodity stocks amid global uncertainties, including inflation trends and geopolitical developments. Overall, market participants are likely to adopt a selective approach, favouring fundamentally strong companies while awaiting clearer cues from macroeconomic data.
Bottomline:
The Nifty 50’s positive close on May 21 was supported by sector-specific strength and broad-based buying. While some profit-booking appeared in key banks and industrials, investor sentiment remained constructive as market watchers prepare for the next round of earnings and global economic updates.
PL Capital Desk
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
