Brief by Shorts91NewsDesk / 06:07am on 05 May 2025,Monday Business
Equity indices Sensex and Nifty surged in early trade on Monday amid sustained foreign fund inflows, a sharp drop in crude oil prices, and firm trends in the US markets. The 30-share BSE benchmark gauge climbed 386.95 points to 80,888.94, while the NSE Nifty surged 114.05 points to 24,460.75. Major gainers included Adani Ports, Asian Paints, Bajaj Finserv, TCS, Infosys, HDFC Bank, Power Grid, HCL Tech, Titan, and Tata Motors. Kotak Mahindra Bank fell nearly 6% after reporting a 7.57% decline in consolidated net profit to ₹4,933 crore for Q4 FY25, primarily due to elevated stress in the microlending book. Foreign Institutional Investors (FIIs) bought equities worth ₹2,769.81 crore on Friday. Global oil benchmark Brent crude dropped 3.65% to $59.05 a barrel. (PC: PTI)
