Share Market Highlights: Sensex, Nifty rally nearly 1% on Reliance, HDFC Bank buying; rupee rebounds 70 paise

Sensex, Nifty updates on 23 May 2025: Indian benchmark indices rebounded sharply on Friday, with the Sensex surging 769 points to 81,721 and the Nifty climbing 243 points to 24,853, buoyed by strong buying in Reliance Industries, HDFC Bank, and ITC. After a flat start, markets gained momentum during the session, with Sensex briefly jumping over 950 points intraday. Major gainers included Power Grid, Nestle, Axis Bank, and Adani Ports. Sun Pharma was the only drag, falling nearly 2% after a 19% YoY drop in Q4 net profit. Meanwhile, the rupee snapped a three-day losing streak, appreciating 70 paise to 85.25 against the US dollar amid a weaker dollar index, rising domestic equities, and improved global risk sentiment, though foreign fund outflows and crude price recovery limited gains. On the BSE, out of 4,106 stocks traded, 2,356 advanced, 1,594 declined, and 156 remained unchanged. A total of 98 stocks touched their 52-week highs, while 23 slipped to 52-week lows. Additionally, 277 stocks hit the upper circuit and 202 hit the lower circuit. Read More | Source: The Hindu Business Line