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PFC Rallies on Strong Q4; Tyre Stocks Surge Post JK Tyre Results; Pharma Gains on US Policy Relief
PFC Rallies on Strong Q4; Tyre Stocks Surge Post JK Tyre Results; Pharma Gains on US Policy Relief
Written by - Fisdom Research
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May 21, 2025
2 minutes
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Market Snapshot
Benchmark indices Nifty and Sensex rebounded sharply on May 21, ending a three-day losing streak.
The recovery was led by gains in auto, IT, and pharma stocks.
Broader markets also closed in the green but underperformed the frontline indices during the latter half of the session.
Foreign Institutional Investors (FIIs) turned net sellers amid concerns over the recent U.S. credit rating downgrade.
Additional pressure came from proposed U.S. tax cuts, which could widen the fiscal deficit and impact the upcoming Federal Reserve policy decision.
This shift in FII sentiment indicates a rising risk-averse mood among global investors.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY REALTY
1.7
NIFTY IT
0.7
NIFTY PHARMA
1.3
NIFTY PSU BANK
0.7
NIFTY HEALTHCARE INDEX
0.8
NIFTY METAL
0.6
NIFTY AUTO
0.7
NIFTY OIL & GAS
0.5
Top News
Power Finance Corporation (PFC) shares rose nearly 3% on May 21 after the company reported an 11% YoY rise in Q4 FY25 net profit to ₹8,358 crore and a 41% surge in net interest income.
Tyre stocks like JK Tyre, Ceat, and MRF rallied up to 8% intraday following JK Tyre’s strong quarterly results, aided by stable raw material costs and effective price hikes.
Pharma stocks gained after the US Department of Health and Human Services clarified that upcoming drug price cuts would target branded drugs, sparing generic and biosimilar manufacturers.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
BEL
5.3
INDUSINDBK
-2.0
TATASTEEL
1.9
JSWSTEEL
-1.1
CIPLA
1.8
KOTAKBANK
-0.8
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,500
25,000
Bank Nifty
54,500
55,500
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