BULLSHOTS 2 MAY 2025

 

MARKET BEAT – 2 MAY 2025
From Early Highs to a Bumpy Ride and a Green Finish

Nifty’s Narrow Dance

History repeated itself—again. For the 534th time in 5 years, the Nifty 50 rose between 0% and 1%, proving that market moods love moderation.

Today’s action?

• Markets opened slightly above Wednesday’s close.

• A morning surge took Nifty to its day’s peak by 10:13 AM, only to stumble hard—dropping over 1% by 12:29 PM.

• But it wasn’t over—volatility took the wheel in the afternoon, pulling the index back up to close in the green.

Sector Snapshot

• Winners: Oil & Gas, Media

• Losers: Consumer Durables, Metals

Top Gainers – Nifty 50

• Adani Ports – ₹1,267.10 ▲ 4.16%

• Bajaj Finance – ₹8,862.50 ▲ 2.64%

• IndusInd Bank – ₹853.00 ▲ 1.74%

• SBI – ₹800.00 ▲ 1.44%

• Reliance – ₹1,422.40 ▲ 1.24%

Top Losers – Nifty 50

• JSW Steel – ₹973.20 ▼ 5.50%

• Bajaj Auto – ₹7,836.50 ▼ 2.41%

• Eicher Motors – ₹5,437.50 ▼ 2.33%

• Hero Moto – ₹3,740.50 ▼ 2.27%

• HDFC Life – ₹727.75 ▼ 2.14%

---

NEWS YOU NEED TO KNOW

India’s Export Engine Hits a Record

• Total exports: $824.9 billion in FY25 — up 6.01% YoY

  • Services: $387.5B (+13.6%)

  • Merchandise (ex-petroleum): $374.1B (+6%)

    (Source: RBI)

New Index on the Block

• NSE launched the Nifty Waves Index — covering 43 media, entertainment, and gaming companies.

• Weightage capped at 5% per stock, based on free-float market cap. Lights, camera, index!

Manufacturing on the Move

• April’s PMI jumped to 58.2, a 10-month high. That’s above March’s 58.1 — steady expansion in the factory floor buzz.

India’s Financial Pulse

• Forex reserves: Rose by $1.98B to $688.13B (as of 25 April)

• UPI transactions: Rs 23.95 lakh crore in April — up 22% YoY

  • Daily average: Rs 79,831 crore (Source: NPCI)

Corporate Moves

• Jubilant Beverages (a new arm of Jubilant Bhartia Group) got the green light from CCI to acquire 40% of HCCH — the bottling powerhouse behind Coca-Cola in India.

---

Stock Radar

• Marico

  • Q4 profit: ₹343 crore (+8% YoY)

  • Dividend: ₹7/share | Record Date: 1 Aug

• JSW Steel

  • Supreme Court struck down its ₹19,700 crore acquisition of Bhushan Power — citing bankruptcy rule violations. Liquidation ordered.

• Britannia

  • Got slapped with a ₹25.42 crore GST demand (covering July 2017–March 2023) by Kolkata tax authorities.