Market Commentary Mid Session News Details

Barometers trade with significant gains; financial services shares jump

(25-May-26   14:32)

The domestic equity indices traded with decent gains in the mid- afternoon trade. The Nifty traded above the 23,950 mark. PSU bank share advanced after advancing for previous trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, surged 888.15 points or 1.18% to 76,306.91. The Nifty 50 index added 254.30 points or 1.07% to 23,973.60.

In the broader market, the BSE 150 MidCap Index jumped 0.71 and the BSE 250 SmallCap Index gained 1.17%.

The market breadth was strong. On the BSE, 2,755 shares rose and 1,478 shares fell. A total of 202 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slumped 6.04% to 16.83.

Fuel prices hiked for the fourth time in 10 days:

Petrol and diesel prices were raised again on Monday, May 25, 2026, marking the fourth increase in fuel rates within a span of 10 days. State-run oil marketing companies increased prices by an average of Rs 2.80 per litre across the country, pushing retail fuel rates to fresh highs in major metros.

Following the latest revision, petrol in Delhi is now priced at Rs 102.12 per litre, while diesel costs Rs 95.20 per litre. In Mumbai, petrol prices climbed to Rs 111.21 per litre and diesel to Rs 97.83 per litre. Kolkata recorded petrol prices at Rs 113.51 per litre and diesel at Rs 99.82 per litre, while in Chennai, petrol and diesel are retailing at Rs 107.77 and Rs 99.55 per litre, respectively.

The latest hike comes after oil companies resumed daily fuel price revisions on May 15 following a four-year freeze. Petrol and diesel prices were first increased by Rs 3 per litre on May 15, followed by hikes of 90 paise each on May 19 and May 23. With Monday's revision, cumulative increases in fuel prices have now reached nearly Rs 7.5 per litre in less than two weeks.

The sharp rise in fuel prices is expected to add pressure on transportation and logistics costs, raising concerns over a broader impact on retail inflation and household expenses.

Buzzing Index:

The Nifty Financial Services index rose 1.80% to 25,991.65. The index added 2.98% in the two consecutive trading session.

Cholamandalam Investment & Finance Company (up 2.81%), Bajaj Finance (up 2.6%), HDFC Bank (up 2.29%), Bajaj Finserv (up 2.25%) and Max Financial Services (up 2.17%), Kotak Mahindra Bank (up 2.04%), BSE (up 1.98%), Shriram Finance (up 1.95%), Power Finance Corporation (up 1.7%) and Axis Bank (up 1.54%) added.

Numbers to Track:

The yield on India's 10-year benchmark federal paper fell 0.75% to 7.0035 compared with previous session close of 7.088.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.3125 compared with its close of 95.6000 during the previous trading session.

MCX Gold futures for 5 June 2026 settlement rose 0.25% to Rs 159,070.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.25% to 98.99.

The United States 10-year bond yield fell 1.99% to 4.482.

In the commodities market, Brent crude for July 2026 settlement tanked $4.51 or 4.36% to $99.03 a barrel.

Stocks in Spotlight:

Gujarat Themis Biosyn surged 5.80% after the company announced the acquisition of Japan-based MicroBiopharm Japan Co. (MBJ) for about JPY 21.5 billion, or nearly Rs 1,300 crore. The company has signed a definitive agreement to acquire 100% equity stake in MBJ through a wholly owned special purpose vehicle to be incorporated in Japan. The transaction is expected to close in Q2 FY27, subject to regulatory approvals and customary closing conditions.

Jupiter Wagons rose 6.26% after its subsidiary, Jupiter Electric Mobility (JEM), signed strategic agreements with renewable energy firms Chalukya Power and Pickrenew Energy for Battery Energy Storage System (BESS) projects.

Precision Wires India rallied 6.56% after the company's standalone net profit climbed 45.58% to Rs 54.87 crore on 30.41% increase in revenue from operations to Rs 1,743.45 crore in Q4 FY26 over Q4 FY25.

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