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Nifty ends higher amid easing US bond yields

23 May 2025 Evaluate

Indian equity benchmark -- Nifty -- snapped previous session's losses and ended higher on Friday amid easing US bond yields and fall in crude oil prices. Index made a flat-to-positive start followed by broadly positive cues from global markets as US treasury yields eased on improved US data and comments from a US Fed official that he still sees a path to interest rate cuts later this year. Soon, index gained traction as traders took note of report that UK for the first time has agreed to accord non-discriminatory treatment to Indian companies in its public procurement system under the free trade agreement (FTA) between the two countries. On May 6, 2025, the two countries announced conclusion of negotiations for the FTA. It will be implemented next year. In afternoon session, index continued its firm trade and remained higher till the end of the session to close above 24,850 mark.

Most of the sectorial indices ended in green except Pharma and Health Care stocks. The top gainers from the F&O segment were Angel One, Hindustan Copper and Max Financial Services. On the other hand, the top losers were GMR Airports, Container Corporation of India and NHPC. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 23900 - 24100 puts indicating this is the trading range expectation.

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