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Nifty ends sharply higher on Thursday despite high volatility

15 May 2025 Evaluate

Indian equity benchmark -- Nifty -- closed significantly higher on Thursday despite high volatility. Index made a cautious start amid weak cues from other Asian markets. Soon, index turned volatile and started wavering near its neutral line. Traders remained cautious about weekly F&O expiry. Further, rising US Treasury yields weighed on the market sentiments. However, losses remained capped as traders took some support with the exchange data showing that Foreign Institutional Investors (FIIs) bought equities worth Rs 931.80 crore on Wednesday.

In afternoon session, index cut all its initial losses and gained sharp traction to end the day on a strong note. Market participants took note of credit rating agency, India Ratings and Research’s (Ind-Ra) latest report stating that the FTA between India and the UK will open-up incremental export opportunities for the Indian textile industry. The rating agency also noted that Indian textile exports to the UK are charged an import duty of up to 12 per cent, which has been reduced to zero under FTA.

All sectorial indices ended in green. The top gainers from the F&O segment were Hero MotoCorp, HFCL and JSW Steel. On the other hand, the top losers were Muthoot Finance, Tube Investments of India and CESC. In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 23900 - 24100 puts indicating this is the trading range expectation.

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