Indian Markets Rebound; FIIs Sell ₹10,016 Crore
Key Takeaways
- Sensex and Nifty rebounded on May 21, 2025; market cap surged by ₹3.64 lakh crore.
- FIIs net sellers at ₹10,016 crore on May 21; DIIs supported with ₹6,738 crore purchases.
- Borana Weaves IPO subscribed 29.46 times on Day 2, retail portion seeing 77 times demand.
- Ircon International stock rose 3% on ₹253.6 crore railway contract on May 21.
- Morgan Stanley projects Sensex at 89,000 by June 2026, viewing recent decline as buying opportunity.
Top Stories
Sensex, Nifty rebound; market cap surges by ₹3.64 lakh crore
On 2025-05-21, Indian stock markets rebounded after a three-day losing streak, with the BSE Sensex closing at 81,596.63 (up 0.51%) and the NSE Nifty 50 at 24,813.45 (up 0.52%), driven by gains in metal, pharma, financial, banking, auto, and IT stocks. The market capitalization of all listed companies on BSE surged by Rs 3.64 lakh crore to Rs 441.67 lakh crore.
FIIs net sellers at ₹10,016 crore; DIIs support
On 2025-05-21, Foreign Institutional Investors (FIIs) were net sellers of equities worth Rs 10,016 crore, while Domestic Institutional Investors (DIIs) provided some support with net purchases of Rs 6,738 crore.
Borana Weaves IPO subscribed 29.46 times on Day 2
On 2025-05-21, the Borana Weaves IPO was subscribed 29.46 times on Day 2, with the retail portion seeing 77 times demand.
Ircon International stock rises 3% on ₹253.6 crore railway contract
On 2025-05-21, Ircon International's stock rose 3% after announcing it had secured a Rs 253.6 crore contract from South Western Railway for implementing KAVACH across 778 route kilometers in Bengaluru and Mysuru divisions.
Morgan Stanley projects Sensex at 89,000 by June 2026
On May 21, 2025, Morgan Stanley projected India’s BSE Sensex to reach 89,000 by June 2026, viewing the recent stock decline from the September 2024 peak as a buying opportunity.
Company Beat
ITC's gross sales estimated to grow 6.5% YoY
On May 21, 2025, excluding the recently demerged hotels business, ITC’s like-for-like gross sales are estimated to grow around 6.5% YoY, while EBIT could decline slightly by 0.5%, reflecting margin pressures across key business segments.
IndusInd Bank reports ₹2,329 crore Q4 consolidated net loss
IndusInd Bank reported a consolidated net loss of Rs 2,329 crore in Q4FY25, compared to a net profit of Rs 2,349 crore in the year-ago period, amid losses in its derivatives segment; the bank's net interest income was Rs 3,048 crore, down 43% YoY. Despite a loss in Q4, IndusInd Bank reported a profit after tax of Rs 2,575 crores for the full year FY25.
KPR Mill promoters plan ₹1,195.6 crore stake sale
On 2025-05-21, KPR Mill's promoters (KP Ramasamy, KPD Sigamani, and P Nataraj) planned to sell up to 3.2% stake via block deals to raise Rs 1,195.6 crore, with IIFL Finance brokering the deal and the floor price set at Rs 1,107 per share.
ITC Q4 revenue may grow 2%; cigarette revenue up 7%
ITC is expected to report modest 2% YoY revenue growth in Q4, primarily driven by its cigarettes and agri businesses, with profit potentially dipping 1% due to margin pressure; cigarette revenue is projected to rise by about 7% year-on-year, driven by 4.5% volume growth.
ITC's agri business to deliver strong double-digit growth
On May 21, 2025, the agri business is anticipated to deliver strong double-digit growth for ITC, benefiting from higher commodity prices, especially leaf tobacco.
ITC's FMCG segment expects 4.5% revenue growth
On May 21, 2025, ITC's FMCG segment is expected to post 4.5% revenue growth, with muted profitability due to raw material inflation in key inputs like edible oil, wheat, and potatoes.
ITC's paperboard segment faces weak demand
On May 21, 2025, ITC's paperboard segment may remain subdued with modest revenue growth of 3.7%, facing headwinds from weak demand, lower realizations, and competition from low-cost Chinese imports.
United Breweries shares jump 2.3% on leasing agreement
On 2025-05-21, shares of United Breweries Ltd (UBL) jumped 2.3% after the company entered a leasing agreement with Ilios Breweries Pvt. Ltd. to expand its manufacturing capacity in Andhra Pradesh, effective May 20.
UltraTech Cement closes down 0.27% after fluctuations
On May 21, 2025, UltraTech Cement's share price experienced fluctuations, closing at Rs 11666.00, a 0.27% decrease for the day.
Policy Updates
SEBI cautions investors about social media scams
On 2025-05-21, SEBI issued an advisory cautioning investors in India about rising stock market scams spread through social media platforms like WhatsApp and Telegram.
Moody’s: India well-positioned against US tariffs
On May 21, 2025, Moody’s Ratings stated that India is well-positioned to handle the negative impacts of U.S. tariffs and global trade disruptions due to strong domestic growth and low export dependence.
Analyst Insights
Analysts expect range-bound market; Nifty key levels: 24,700
On 2025-05-21, analysts expected markets to remain range bound and track global cues including progress on US trade talks, with Nifty's key levels at 24,700 and 24,300.
Anand Rathi recommends Chennai Petro, Jubilant Pharmova, ONGC
On 2025-05-21, Mehul Kothari from Anand Rathi Shares and Stock Brokers recommended buying Chennai Petro, Jubilant Pharmova, and ONGC, citing specific targets and stop loss levels.
LKP Securities: Nifty bearish below 25,000
On 2025-05-21, Rupak De of LKP Securities noted Nifty's consolidation, suggesting a sideways to bearish sentiment below 25,000, with potential correction below 24,700; a move above 25,000 could turn the sentiment bullish.
Bajaj Broking: Nifty consolidating around 24,800
On 2025-05-21, Bajaj Broking Research indicated that Nifty formed a small bull candle, signaling consolidation around 24,800 levels, with a potential consolidation phase within 24,400-25,200.
Market Movers
Nifty, Sensex slip as FPIs offload ₹10,016 crore
On 2025-05-20, the Nifty50 and BSE Sensex slipped as foreign portfolio investors offloaded shares worth Rs 10,016 crore, the largest single-day outflow since February 28, triggered by rising bond yields in the United States and Japan, along with the stretched valuations of Indian equities.
GIFT Nifty signals positive start; up 0.10%
On 2025-05-21, GIFT Nifty on the NSE IX traded higher by 26 points, or 0.10 per cent, at 24,800.50, signaling that Dalal Street was headed for positive start.
RBL Bank, Manappuram under F&O ban
Nifty up 241 points, Sensex up 776 points mid-day
On May 21, 2025, at 10:57 AM (IST), the NSE Nifty index traded up 241.25 points at 24925.15, and the BSE Sensex was up 776.87 points at 81963.31; top gainers in the Nifty index included Bharat Electronics Ltd., Cipla Ltd., and Bajaj Auto Ltd., while top losers included IndusInd Bank Ltd. and Shriram Finance Ltd.
Bajaj Finserv leads Sensex gainers; IndusInd Bank lags
On May 21, 2025, among Sensex firms, Bajaj Finserv rose the most by 2.02%, while Tata Steel, Sun Pharma, Tech Mahindra, Bajaj Finance, NTPC, Nestle, Tata Motors, Hindustan Unilever and Mahindra & Mahindra also advanced; IndusInd Bank fell the most by 1.39%, with Kotak Mahindra Bank, Power Grid and ITC among the laggards.
Most active stocks: KPR Mill, Cochin Shipyard, BEL
On 2025-05-21, KPR Mill, Cochin Shipyard, GRSE, Bharat Electronics (BEL), Dixon Technologies, Bharat Dynamics (BDL), and Mazagon Dock were among the most active stocks on BSE in value terms.
Most traded stocks: Vodafone Idea, BEL, YES Bank
On 2025-05-21, Vodafone Idea, Harshil Agrotech, Yes Bank, KPR Mill, EaseMyTrip, Suzlon Energy, and Reliance Power were among the most actively traded stocks in volume terms on BSE, while shares of Vodafone Idea, BEL, YES Bank, Eternal and Suzlon Energy were among the most traded shares on the NSE.
Selling pressure: IndusInd Bank, Kotak Bank, Power Grid
On 2025-05-21, IndusInd Bank, Kotak Bank, and Power Grid experienced selling pressure, along with Dixon Technologies, Newgen Software, Aster DM Healthcare, Radico Khaitan, Signatureglobal, and Aegis Logistics.
India VIX rises 0.2% to 17.38
On 2025-05-21, India VIX, a measure of market fear, rose 0.2% to settle at 17.38 levels.
Equity mutual fund inflows dip; passive funds rise
On May 21, 2025, despite a dip in equity mutual fund inflows in April 2025, the rise in AUM suggests strong market performance, signaling resilience, though thematic fund popularity raises concerns about timing risk; passive funds are on the rise in India, with ETFs seeing a record inflow of ₹19,056 crore in April 2025, driven by increasing individual investor interest, now constituting approximately 13% of mutual fund AUMs.
Sun Pharma, Bajaj Finance lead Sensex gains
On May 21, 2025, Sun Pharma, Bajaj Finance, UltraTech Cement, Mahindra & Mahindra, Bajaj Finserv, Tech Mahindra, HDFC Bank, and Tata Motors were the biggest gainers among Sensex firms, with BEL, Cipla, Tata Steel, HDFC Life and Bajaj Finserv among the top gainers on the NSE.
IndusInd Bank only Sensex laggard
On May 21, 2025, IndusInd Bank emerged as the only laggard among Sensex firms.
Top NSE losers: IndusInd Bank, JSW Steel, Kotak Bank
On May 21, 2025, IndusInd Bank, JSW Steel, Kotak Bank, Coal India Ltd, and Power Grid were among the top losers on NSE and in the Nifty 50 index.
Sector Spotlight
Nifty Auto gainers: Bajaj Auto, M&M, Bharat Forge
On 2025-05-21, Bajaj Auto Ltd., Mahindra & Mahindra Ltd., Bharat Forge Ltd., TVS Motor Company Ltd. and Exide Industries Ltd. were among the top gainers in Nifty Auto index, while Tube Investments of India Ltd. were the top losers on the index.
Nifty Realty index up 1.19%
On May 21, 2025, the Nifty Realty index was trading 1.19 per cent up at 933.75.
Top sectors: IT, Tourism, Retail, Auto
On 2025-05-21, traders piled up positions in IT Enabled Services, General, Tourism & Hospitality, Retail and Auto sectors, while selling was witnessed in Tea / Coffee, Construction, Paper, Consumer Durables and Hospitals & Allied Services sectors.
Realty gainers: Raymond, Phoenix Mills, Oberoi Realty
As of May 21, 2025, Raymond Ltd., Phoenix Mills Ltd., Oberoi Realty Ltd., Macrotech Developers Ltd. and Anant Raj Ltd. were up.
Brigade Enterprises down 1.12%
As of May 21, 2025, Brigade Enterprises Ltd. was down 1.12 per cent.
Rupee Watch
Rupee struggles, reaches 85.68 against USD
On 2025-05-21, the Indian Rupee further struggled against the dollar due to global pressures and fund outflows, reaching 85.68 against the USD.
Top Performers
Smallcaps and midcaps soar: Tata Teleservices up 4-5%
On 2025-05-21, several smallcap and midcap stocks experienced significant gains, with Tata Teleservices, Go Digit General Insurance, Data Patterns and GRSE soaring 4-5 per cent among smallcaps, while Solar Industries, Motilal, Policy Bazaar, BDL and IRB gained 3-4 per cent among the midcaps.
JK Tyre, Gabriel gain 6-9%; Dixon slumps despite results
On 2025-05-21, shares of JK Tyre, Gabriel, Caplin Point, and Gland Pharma traded with 6-9 per cent gains on the BSE, while Fineotex Chemical tumbled 10 per cent and Dixon shares slumped over 6 per cent despite strong Q4 results.
Strong buying interest: Tata Teleservices, Trident, JK Tyre
On 2025-05-21, Tata Teleservices (Maharashtra), Trident, JK Tyre, Go Digit, Glaxosmitkline Pharma, Caplin Point, TBO Tek, and LT Foods witnessed strong buying interest.
52-week highs: AB Infrabuild, BEL, SecMark Consultancy
On 2025-05-21, Aarti Pharmalabs, A B Infrabuild, APL Apollo Tubes, BEL and CEAT, SecMark Consultancy, Gabriel India, AB Infrabuild, Stampede Cap(DVR)and Paradeep Phosphates hit their 52-week highs, along with Banco Products and Krishana Phoschem.
52-week lows: Music Broadcast, Lasa Supergenerics
On May 21, 2025, Music Broadcast, Lasa Supergenerics, Chembond Chem, HCL Infosystems, Kamdhenu, Future Enterprises (DVR), Godha Cabcon & Insul, Transwarr Fin and N K Industries were among the stocks that touched their 52-week lows.