Sensex jumps 460 points, Nifty crosses 23,425 ahead of the Economic Survey 2025
The Indian stock market opened higher on Friday, with benchmark indices gaining ahead of the release of the Economic Survey 2025. Investors remained optimistic as market sentiment improved, pushing stocks across various sectors into positive territory.
Sensex and Nifty50 Gain Ahead of Economic Survey
At the time of writing, the BSE Sensex climbed 460.69 points or 0.60%, trading at 77,220. The NSE Nifty50 was also up 176.35 points, or 0.76%, reaching 23,425.85.
Early trading sessions saw positive momentum, with only four stocks on the BSE Sensex registering losses. ITC Hotels led the decliners, falling 4.24%, followed by Bharti Airtel, ICICI Bank, and TCS. On the other hand, Larsen & Toubro surged 4.03%, with Titan, IndusInd Bank, Adani Ports & SEZ, and Mahindra & Mahindra also posting strong gains.
On the Nifty50, 45 stocks traded in the green, led by Trent, which jumped 5.07%. BEL, Tata Consumer Products, Larsen & Toubro, and Titan also recorded significant gains. Meanwhile, Bharti Airtel fell 1.56%, while ICICI Bank, ITC Hotels, Kotak Mahindra Bank, and JSW Steel saw marginal declines.
Sectoral Performance: Consumer Durables Lead the Rally
All narrow market indices traded positively, with Nifty Bank remaining flat. The Consumer Durables index recorded the highest gain of 2.09%, followed by Auto, Realty, Oil, and FMCG, which were up more than 1% each.
IT, Metal, and Media indices also saw gains, contributing to the overall bullish sentiment in the market. Investors showed confidence in consumer-driven sectors, indicating strong demand and spending ahead of the budget announcement.
Midcap and Smallcap Stocks Continue to Surge
Broader market indices showed a strong rally, with BSE Midcap rising 1.14% and BSE Smallcap advancing 1.24%.
On the NSE, market breadth remained positive, with 1,933 stocks advancing while 636 declined. A total of 18 stocks hit their 52-week highs, indicating strong bullish momentum, while 46 stocks reached their 52-week lows, reflecting weakness in select counters.
Budget Session Begins: Focus on Economic Policies
The Budget Session of the Indian Parliament commenced today with the presentation of the Economic Survey 2024-25. Investors are closely monitoring discussions as the government prepares to unveil Union Budget 2025 in the coming days.
Key focus areas include economic stimulus measures, taxation reforms, infrastructure spending, and policy changes in sectors such as technology, manufacturing, and financial services. The government has listed 16 bills for discussion during the session, including proposals to tighten laws on illegal immigration and regulations surrounding Artificial Intelligence (AI).
Global Factors and Market Sentiment
International developments, particularly U.S. President Donald Trump’s trade policies, have also influenced market sentiment. Investors are assessing potential impacts on global trade, particularly in sectors like IT exports and manufacturing. Discussions on immigration policies and their effect on skilled labor movement could also play a role in shaping investor confidence in the coming weeks.
China’s advancements in AI and technology have raised concerns among global markets, including India. Policymakers are expected to address India’s AI strategy in the upcoming budget, which could influence sentiment in the technology and digital services sectors.
Primary Market Activity: IPO Market Sees Strong Interest
In the primary markets, several IPOs continued their subscription phases.
Dr. Agarwal’s Health Care IPO (Mainline) and Malpani Pipes And Fittings IPO (SME) entered Day 3 of their subscription windows. Investor interest in healthcare and manufacturing sectors remains strong, reflecting confidence in India’s economic fundamentals.
Meanwhile, HM Electro IPO (SME) and GB Logistics IPO (SME) made their stock market debut, testing investor appetite for new listings. The performance of these IPOs will offer insights into broader market sentiment and liquidity conditions.
Outlook for the Market
With the Economic Survey setting the stage for Union Budget 2025, investors will be looking for key policy cues in areas such as capital expenditure, fiscal deficit targets, and taxation changes.
The positive momentum in equity markets reflects optimism around government policies and expectations of growth-oriented measures. Sectors like infrastructure, banking, technology, and consumer durables are likely to remain in focus as budget-related announcements unfold.
In the short term, volatility may increase as traders react to budget expectations, global market cues, and earnings reports from major corporations. Investors will continue to monitor how government policies align with economic growth objectives and fiscal discipline.
The stock market remains in a strong position ahead of Union Budget 2025, with Sensex and Nifty50 posting solid gains. Sectoral strength in consumer durables, auto, and realty stocks indicates investor confidence in economic recovery and spending trends.
As the Budget Session progresses, attention will remain on policy announcements, taxation reforms, and sectoral allocations, which could shape the next phase of market movements. With global and domestic factors influencing sentiment, investors will need to navigate potential volatility while positioning themselves for long-term opportunities in key growth sectors.
