Stocktwits - Indian equity benchmarks rebounded sharply on Friday, boosted by easing U.S. Treasury yields and renewed buying across FMCG, financials, and IT stocks.
The Sensex jumped 678 points to close at 81,630, while the Nifty 50 climbed 212 points to finish at 24,822 — both indices gaining nearly 1% for the day.
However, despite Friday’s rally, both indices closed the week in the red, with the Nifty and Sensex logging weekly losses of 0.6%, weighed down by global macro concerns.
The broader market echoed the upbeat mood, with the Nifty Midcap index ending 0.7% higher.
Sector-wise, all indices ended in the green except pharma, with FMCG, financials, and IT leading the gains.
Among notable stock movers, Honasa Consumer (NSE:HONA), the parent company of skincare brand Mamaearth, soared 18% after reporting a 13.3% year-on-year growth in revenue in the fourth quarter (Q4) of FY25 to ₹533.5 crore.
Meanwhile, EV maker Ola Electric gained 7% after its board approved a ₹1,700 crore fundraise.
On the downside, Sun Pharma (NSE:SUN) fell 2% and was the biggest laggard on the Nifty after its Q4 earnings failed to impress. Weakness in its U.S. specialty business and a cautious FY26 outlook weighed on investor sentiment.
BSE shares slumped 65% on a technical adjustment as the stock turned ex-bonus for its 2:1 bonus issue. Effective May 22, eligible shareholders received two bonus shares for each share held.
Trent (NSE:TREN) rose 2%, while BEL ended flat. These two counters are set to replace IndusInd Bank (NSE:INBK) and Nestle (NSE:NEST) India in the Sensex next month.
Shares of renewable energy firms Waaree Energies (-8%) and Premier Energies (-3%) declined as investor sentiment soured following the passage of a new U.S. tax bill aiming to roll back clean energy subsidies introduced under President Joe Biden.
Retail investor sentiment surrounding the Nifty 50 remained ‘bearish’ on Stocktwits, reflecting broader caution.
Nifty sentiment and message volume on May 23 as of 4:00 pm IST. | source: StocktwitsGlobally, European markets traded mixed, while U.S. futures signaled a subdued open.
Oil prices were set for their first weekly decline since April amid concerns that OPEC+ may raise output, which continued to pressure crude prices.