Weekly Market Recap As of May 02, 2025: Markets End Flat; Sensex Ends at 80,501, Nifty at 24,346

On Friday, May 2, 2025, Indian stock markets closed the last trading session of the week with small gains. 

The BSE Sensex rose by 259.75 points, or 0.32%, to settle at 80,501.99 after touching an intraday high of 81,177.93. The NSE Nifty 50 also saw a marginal rise of 12.50 points, or 0.05%, closing at 24,346.70. Throughout the day, the Nifty moved between a low of 24,238.50 and a high of 24,589.15.

Nifty 50 Weekly Performance As of May 02, 2025

Between April 28 and May 2, 2025, the Nifty 50 index showed slight fluctuations with limited overall movement. On May 2, the index closed at 24,323.60, slightly down by 0.04% despite hitting an intraday high of 24,588.65. On April 30, it closed marginally lower at 24,334.20, slipping 0.01%. The previous day, April 29, saw a minimal gain of 0.03%, ending at 24,335.95. The most notable movement occurred on April 28, when the index surged 1.20% to 24,328.50, rebounding strongly from its opening level of 24,070.25. Overall, the index remained largely flat over the period, with a notable spike in late April.

Read More, Holding 200 Bajaj Finance Shares? See How They Turn Into 2,000. 

Roundup of Major News This Week 

• IDFC First Bank’s share price rose by 2% after global private equity firm Warburg Pincus sought approval from the Competition Commission of India (CCI) to acquire nearly a 10% stake in the bank.
• Bajaj Finance announced its Q4 results on April 29 and revealed key corporate actions, including a 4:1 bonus share issue, a stock split, and dividends. The bonus issue—its first in 9 years—is set to be completed by June 27, 2025, pending shareholder approval.
• India’s bank credit growth slowed to 12% in FY25 from 16% in FY24, mainly due to regulatory tightening and a high base, as per RBI’s sectoral credit data.

Major Earnings Update This Week

• Indian Overseas Bank (IOB) reported its Q4FY25 results on May 2, showing a solid performance with a 30% year-on-year rise in standalone net profit. The profit increased to ₹1,051.07 crore, up from ₹808.10 crore in Q4FY24.
• Indian Overseas Bank (IOB) reported its Q4FY25 earnings, posting a robust 30% year-on-year growth in standalone net profit. The profit rose to ₹1,051.07 crore from ₹808.10 crore in the corresponding quarter last year.
• UltraTech Cement Ltd posted a 9.92% year-on-year rise in net profit for Q4 FY25, reaching ₹2,482 crore compared to ₹2,258 crore in the same quarter last year.

Conclusion

Despite muted market movements, the week saw major corporate updates and strong earnings from key players. Investors now look ahead to economic data and global cues for direction.

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