Image Source: MoneyControl
Indian stock markets witnessed significant gains in major sectoral indices on May 7, 2025, as midcap, auto, and energy stocks spearheaded the rally.
Major Highlights
Nifty Energy Index Rises 1%
The Nifty Energy Index rose 1%, indicating renewed investor interest in the energy space.
Nifty Midcap 100 Index Rises 1.4%
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The Nifty Midcap 100 Index jumped 1.4%, outpacing large-cap peers and indicating healthy midcap sentiment.
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The index was at 53,435.85 as of May 6, 2025, with key constituents being Max Healthcare, BSE Ltd, Suzlon Energy, Persistent Systems, and Dixon Technologies.
Nifty Auto Index Gains 1.2%
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The Nifty Auto Index gained 1.2% to 24,815.3, with the biggest gains coming from TVS Motor (+3.07%), Bharat Forge (+2.79%), Maruti Suzuki (+1.89%), Hero MotoCorp (+1.78%), and Balkrishna Industries (+1.74%).
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Bosch and Eicher Motors were among the few laggards in the auto pack.
Market Breadth and Sentiment
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The wider Nifty50 rose 207.3 points to 24,199.85, as 42 of its 50 members were in the positive, reflecting broad market optimism.
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Stocks that witnessed active trading include Vodafone Idea, YES Bank, Reliance Power, Suzlon Energy, and Zomato.
Market Context
The recovery is amidst mixed global signals and continued geopolitical upsets, but domestic sentiment is positive, particularly in midcap and autos.
Sources: Moneycontrol, Tickertape, Economic Times, Business Standard, Investing.com India
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