Nifty 50 Rebounds 0.99% After Weekly Dip; FPIs Net Buyers
Key Takeaways
- On May 24, Nifty rebounded 0.99%, closing at 24,853.15, influenced by US financial concerns.
- Nifty 50 dropped 0.7% weekly, closing at 24,853.15; FPIs net sold ₹4,784.32 crore.
- SBI Securities sees Nifty resistance at 24,950–25,000, support at 24,550–24,500.
- Markets cautious below 25100 resistance; Nifty range is between 25100 and 24500.
- Nifty resistance: 25000-25175; support: 24600-24450 for the coming week.
Top Stories
May 24: Nifty rebounds 0.99%, closes at 24,853.15
On May 24, 2025, Indian benchmark indices rebounded, with Nifty rising 0.99% to close at 24,853.15, influenced by US financial concerns. FPIs net bought shares worth ₹1,795 crore, and domestic institutions bought ₹300 crore, signaling strong technical support.
Nifty 50 down 0.7% weekly; FPIs net sellers
As of May 24, 2025, Nifty 50 had dropped by 0.7% for the week, closing at 24,853.15. Foreign Portfolio Investors (FPIs) turned net sellers during the week ended May 23, offloading ₹4,784.32 crore from Indian equities.
SBI Securities: Nifty resistance at 24,950–25,000 zone
On May 24, 2025, Sudeep Shah of SBI Securities anticipates resistance for Nifty in the 24,950–25,000 zone, with a potential upside to 25,300 and 25,500 if it closes above 25,000. Support is seen at the 20-day EMA zone of 24,550–24,500.
Markets cautious below 25100 resistance; correction risk
As of May 24, 2025, markets remain cautious below the 25100 resistance, vulnerable to corrections and volatility. Nifty has formed a trading range between 25100 and 24500 levels.
Nifty: 25000-25175 resistance; 24600-24450 support
As of May 24, 2025, the coming week is likely to see the levels of 25000 and 25175 acting as potential resistance points for Nifty. The supports come in lower at 24600 and 24450 levels.
Expert Take
Ajay Bagga: RBI rate cuts could boost markets
According to Ajay Bagga on 2025-05-24, Indian markets are poised for a boost due to potential RBI rate cuts and global fund flows. He anticipates a 50 basis point rate cut from the RBI in June, which could significantly boost the Indian economy.
Global Impact
Ajay Bagga: India benefits from global fund shifts
On 2025-05-24, Ajay Bagga discussed the US debt situation, the impact of tariffs, and the potential for India to benefit from global fund shifts, noting that Trump is likely to settle on 10% tariffs for most countries.
Invest Wisely
Kotak Securities: Nifty target 26000, EPS risk observed
Published on 2025-05-24, Kotak Securities' Shrikant Chouhan suggests that Indian markets have performed strongly despite global uncertainty, with a Nifty target of 26000. However, they are observing a steady cut in the EPS, posing a risk to the target, based on an EPS of ~Rs1300 for FY27E.
Market Snapshot
FPIs withdraw ₹4,784.32 crore; total investment decreases
Published on 2025-05-24, between 2025-05-19 and 2025-05-23, foreign portfolio investors (FPIs) withdrew Rs 4,84.32 crore from Indian equities due to global bond market turmoil. Data from National Securities Depository Ltd indicates that the total investment of FPIs stands at Rs 13,835 crore, a decrease from Rs 18,620 crore the previous week; foreign investors have pulled out a net Rs 98,516 crore from Indian equities so far in 2025.
Retail investors show increased caution, net sellers
Published on 2025-05-24, retail investors have been steady net sellers in Indian equities directly and reducing net inflows into MFs, showing increased caution.
Earnings & Growth
Earnings mixed; mid/small-caps show sustained growth
Published on 2025-05-24, earnings season showed a mixed trend with varied results from banks, improvements in metals and cement, and strong numbers from mid- and small-cap companies, suggesting sustained growth momentum into FY26. Mid and smallcap companies are leading earnings growth as sector performance varies; metals, cement, and auto show resilience amid input cost improvements.