Indian stock indices rebounded on Wednesday, May 21, 2025, after a three-day losing streak, fueled by buying activity at lower price levels. The Sensex closed at 81,596.63, up by 0.51 percent, while the Nifty ended at 24,813.45, also up by 0.52 percent.
Most sectoral indices were positive, with Nifty Pharma and Nifty Realty leading the gains. Nifty India Defence also saw a significant surge of 3.4 percent. Gold was trading at USD 3,318 per ounce, a 0.9 percent increase.
Vinod Nair from Geojit Investments Limited noted that the markets displayed a positive undertone but remained range-bound, suggesting a potential 'sell on rallies' strategy. Investors are closely monitoring India's Q4 GDP numbers, scheduled for release on May 30, 2025, and global cues for further direction. Concerns persist over ongoing India-US trade negotiations, influencing Foreign Institutional Investors (FIIs) who have turned net sellers.