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TCS Gains on AI Tailwinds; Maruti Hits 2-Month High; Railtel Surges 12% Post Q4
TCS Gains on AI Tailwinds; Maruti Hits 2-Month High; Railtel Surges 12% Post Q4
Written by - Fisdom Research
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May 2, 2025
2 minutes
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Market Snapshot
Indian benchmark indices ended with marginal gains in a highly volatile session, with the Nifty closing around the 24,350 level.
Gains were led by IT, media, energy, and oil & gas stocks, which rose between 0.3% and 0.7%.
On the flip side, power, metal, telecom, pharma, realty, and consumer durables sectors declined, falling between 0.5% and 2%.
Wall Street rallied overnight, supported by strong earnings from major tech companies, boosting global risk sentiment.
European markets traded with solid gains, while Asian indices edged higher as China signaled openness to resuming trade talks with the US, easing tariff-related concerns.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY OIL & GAS
0.7
NIFTY AUTO
-0.1
NIFTY MEDIA
0.5
NIFTY PRIVATE BANK
-0.2
NIFTY IT
0.3
NIFTY FMCG
-0.3
NIFTY PSU BANK
0.2
NIFTY REALTY
-0.5
Top News
IT stocks gained on May 2, led by optimism after Cognizant raised its revenue outlook on strong AI-driven demand, lifting shares of Indian majors like TCS, Infosys, and Wipro by up to 1.5%.
Maruti Suzuki surged nearly 4% after reporting a 7% YoY rise in April sales to 1.8 lakh units, driven by robust export growth and strong LCV demand.
Railtel Corporation jumped over 12% following a stellar March-quarter performance, with net profit rising 46.3% YoY and operating income growing 57% on strong execution.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
ADANIPORTS
4.4
JSWSTEEL
-5.8
BAJFINANCE
2.7
BAJAJ-AUTO
-2.8
INDUSINDBK
1.4
EICHERMOT
-2.5
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,200
24,500-24,600
Bank Nifty
54,500
56,000 – 56,200
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