Mumbai: The BSE Sensex jumped 386.95 points to 80,888.94 in morning trade on May 5, 2025, Monday. The NSE Nifty increased 114.05 points to 24,460.75. The equity benchmark indices surged in early trade as foreign institutional investors continued to pump in money to buy domestic equities, a sharp drop in crude oil prices and firm trends in the US markets. Foreign Institutional Investors (FIIs) purchased equities worth Rs 2,769.81 crore on Friday.

Gainers from the Sensex pack included Bajaj Finserv, Tata Motors, Tata Consultancy Services, Adani Ports, Titan, Asian Paints, Infosys, HDFC Bank, Power Grid, and HCL Tech. Laggards included Kotak Mahindra Bank, which tanked nearly 6 per cent. Other laggards included, NTPC, Larsen & Toubro, Nestle, and State Bank of India.

Foreign investors bought equities worth Rs 4,223 crore in the country’s equity market in April as they turned net buyers for the first time in three months amid a blend of favourable global cues and robust domestic fundamentals.

The exchange data showed that foreign investors sold equities worth Rs Rs 3,973 crore in March, Rs 34,574 crore in February, and Rs 78,027 crore in January.

“The reversal in FII strategy in India from selling to buying continued for the week ending 2nd May. During the last 12 trading days FIIs have been sustained buyers in the cash market. This is a major pivot in FII strategy. And this will impart resilience to the market. The concern now is India’s retaliatory action to the terrorist strike and its fall out,” V K Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said.

Asian market: South Korea’s Kospi index traded in positive. Stock markets in Hong Kong, Japan, and China were closed due to holidays. The US stock markets settled higher on Friday. The global oil benchmark Brent crude declined 3.65 per cent to USD 59.05 a barrel.

“The positive sentiment is further supported by continued buying from FIIs, a drop in crude oil prices to a one-month low below USD 60 per barrel, and better-than-expected US job data. China, Hong Kong and Japan market are shut today,” Vikas Jain, Head of Research at Reliance Securities, said.

The 30-share BSE benchmark gauge settled 259.75 points, or 0.32 per cent, higher at 80,501.99 on Friday. The Nifty eked out a marginal gain of 12.50 points, or 0.05 per cent, to settle at 24,346.70.

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