Indian Stock Market Closes Strong on Wednesday
Tata Steel, Tech Mahindra, and metal stocks witnessed significant gains. WPI dropped to 0.85%, offering relief.
Closing Bell Today: The Indian stock market closed bly on Wednesday, May 14, 2025, after a day of fluctuating trade. Despite initial sluggishness, b buying in the final hour helped push the market into positive territory. Domestic factors supported the market amidst mixed signals from global markets.
Sensex-Nifty Gains Strength
The BSE Sensex closed at 81,330.56, up 182 points. During the day's trading, the Sensex reached a high of 81,691.87. The NSE Nifty 50 closed at 24,666.90, up 88.55 points.
Metal and IT sector stocks saw robust gains. Metal companies benefited from reduced recession fears in the US and a weakening dollar.
Tata Steel Top Gainer, Strong 4% Surge
Tata Steel was the market's major highlight, closing up nearly 4%. Tech Mahindra, Maruti, Mahindra & Mahindra, Infosys, IndusInd Bank, and HCL Tech also closed with gains.
Asian Paints and Tata Motors Decline
However, some companies exerted downward pressure on the market. Poor quarterly results led to declines in Asian Paints and Tata Motors shares. Kotak Bank, NTPC, Power Grid, HDFC Bank, and ICICI Bank also experienced losses.
IT and Metal Sectors Drive Market Performance
Metal stocks rallied following India's announcement of reciprocal tariffs amidst trade tensions with the US. Steel Authority of India (SAIL) saw a 2.5% increase, while Hindustan Copper, Vedanta Limited, and Hindustan Zinc also closed in positive territory.
The IT sector also strengthened by 1.34%. Reduced US recession fears supported IT companies, as a significant portion of their revenue originates from the US.
Inflation Relief: WPI Falls to 0.85%
According to government data, the Wholesale Price Index (WPI) fell to 0.85% in April 2025, down from 2.05% in March. This decline was attributed to softening prices of fuel (petrol-diesel), electricity, and raw materials.
Retail inflation (CPI) also fell to 3.16%, the lowest since July 2019, offering relief to consumers on the inflation front.
Mixed Performance in Asian Markets
Internationally, Asian markets showed a mixed trend. Japan's Nikkei fell 0.57%, while Hong Kong's Hang Seng rose 1.16%. South Korea's Kospi was up 0.67%. US futures markets remained relatively stable with a slight decline.
