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Adani Jumps 7%, Kotak Slides, M&M Ltd show positive Q4 results, Defence Stocks in Demand
Adani Jumps 7%, Kotak Slides, M&M Ltd show positive Q4 results, Defence Stocks in Demand
Written by - Fisdom Research
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May 5, 2025
2 minutes
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Market Snapshot
Benchmark indices closed at their highest level of 2025 on May 5, supported by fresh foreign inflows and improved sentiment from falling crude oil prices.
After a mildly positive start, the index climbed to an intraday high of 24,526.40 but later slipped to 24,400.65 due to profit booking.
Broader markets outperformed, with the Nifty Midcap rising 1.8% and the Smallcap index gaining 1%.
Barring banks, all sectoral indices ended in the green, led by gains of 0.5–1% in auto, metals, media, energy, consumer durables, FMCG, and oil & gas.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY AUTO
1.9
NIFTY MIDSMALL FINANCIAL SERVICES
1.4
NIFTY OIL & GAS
1.7
NIFTY FMCG
1.2
NIFTY FINANCIAL SERVICES EX-BANK
1.7
NIFTY MIDSMALL IT & TELECOM
1.1
NIFTY MIDSMALL HEALTHCARE
1.5
NIFTY METAL
1.0
Top News
Adani Enterprises rallied 7.2% intraday after reports that Gautam Adani’s aides met U.S. officials to seek dismissal of bribery-related criminal charges, boosting investor sentiment.
Kotak Mahindra Bank dropped nearly 6% as Emkay Global issued a ‘Reduce’ rating with a ₹1950 target, citing high valuations (2.2x P/B) and lower RoE (12%) compared to peers, despite solid financials.
Defence stocks, especially Bharat Dynamics Ltd (BDL), rose over 5% as escalating India-Pakistan tensions triggered renewed interest in the defence sector.
Mahindra & Mahindra Ltd show positive Q4 results with a jump of 25% in revenue from last year beating estimates largely.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
ADANIENT
7.4
KOTAKBANK
-4.6
ADANIPORTS
6.3
JSWSTEEL
-1.9
TRENT
4.5
ONGC
-1.5
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,200–24,250
24,500–24,550
Bank Nifty
54,500
55,700 / 56,200
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