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Indian equities tracking mixed global cues opened in Monday's session (May 5, 2025) amid renewed buying interest from foreign institutional investors. The concern now is India’s retaliatory action to the terrorist strike and its fallout.  At the open, the benchmark BSE Sensex was up by 320.12 points, or 0.40 per cent, at 80,822.11, and the Nifty50 was at 24,437.20, higher by 90.50 points, or 0.37 per cent.

Meanhile, the high beta Nifty Bank index traded with a cut as key constituents, including SBI and Kotak Mahindra Bank react to their March quarter results.

Furthermore, broader markets traded higher with the midcap stocks leading the gains at the last count.

From the Nifty50 pack, top gainers included stocks like Adani Ports, Asian Paints, Trent, Shriram Finance and Wipro, while laggards were Kotak Mahindra Bank, SBI, ONGC, JSW Steel and L&T.

D-Street from hereon will react to India’s retaliatory action to the terrorist strike and its fallout.

Sectoral indices show mixed trends, with the IT and consumer durable gauges leading the gain, followed by auto and oil & gas indices. Meanwhile, media and banking stocks witnessed selling pressure.

Stock Market LIVE Updates: Among the sectoral indices, Nifty Bank, financial services, IT, media and oil & gas were trading in green while consumer durables, pharma, metal energy and realty were in red during the pre-market session

DMart: Shares of DMart operator Avenue Supermarts are trading with a cut of up to 3 per cent after the company's mixed set of earnings for the March quarter.

SBI: Shares of the country's leading lender also fell up to 2 per cent post its Q4 numbers. For the March quarter, the company's net profit declined over 8 per cent on-year.

Mahindra and Mahindra:  Ahead of its earnings due to be released today, the company's scrip traded 0.75 per cent higher.

Asian stocks opened muted on Monday (May 5, 2025) amid public holidays in some of the key markets, including Japan, South Korea, Hong Kong and Mainland China. The key MSCI Asia ex Japan index traded higher by 0.45 per cent.

The Hong Kong Stock Exchange (HKEX) is officially shut to observe Vesak Day- a significant public holiday in Hong Kong and other Asian markets.

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