Overview
- Indian equity benchmarks rebounded strongly on May 15, with Sensex rising 1,200 points (+1.48%) to 82,530.74 and Nifty climbing 395 points (+1.60%) to close at 25,062.10, marking its highest level since October 2024.
- The rally was fueled by reports of US President Donald Trump’s comments on a potential zero-tariff trade deal with India, though specifics of the proposal remain unclear.
- Foreign institutional investors (FIIs) were net buyers, infusing Rs 5,392.94 crore, while domestic institutional investors (DIIs) sold Rs 1,668.47 crore worth of equities, according to provisional data.
- Key sectors such as metals, automobiles, real estate, and financial services led the recovery, with most Nifty 50 stocks ending in the green.
- Global markets remained cautious as US-China trade tensions persisted, while US stock futures dipped ahead of key economic data releases and Federal Reserve Chair Jerome Powell's remarks.