Weekly Musings – Index performance for week ended May 09, 2025

12 May 2025 , 01:27 PM

The week saw FPIs net buying in equities to the tune of $1,658 Million. However, the worsening border situation resulted in the VIX touching a level of 22.75, before mellowing to the 21.4 levels. Geopolitical risks do remain fairly elevated for the markets.

BSE SENSEX 30 INDEX – FALLS AMIDST GEOPOLITICAL RISK

Date	Open	High	Low	Close
09-May-25	78,968.34	80,032.93	78,968.34	79,454.47
08-May-25	80,912.34	80,927.99	79,987.61	80,334.81
07-May-25	79,948.80	80,844.63	79,937.48	80,746.78
06-May-25	80,907.24	80,981.58	80,481.03	80,641.07
05-May-25	80,661.62	81,049.03	80,657.71	80,796.84
02-May-25	80,300.19	81,177.93	80,168.59	80,501.99
		Weekly Returns		-1.30%

Data Source: BSE 

For the week May 09, 2025, Sensex lost -1,048 points or -1.30%. Sensex fell sharply in the last 2 days of the week amidst rising geopolitical risks. Sensex touched a weekly high of 81,049 and a low of 78,968; as Sensex again closed below the 80,000 mark.

NIFTY 50 INDEX – SPIKE IN VIX TAKES ITS TOLL ON NIFTY

Date	Open	High	Low	Close
09-May-25	23,935.75	24,164.25	23,935.75	24,008.00
08-May-25	24,431.50	24,447.25	24,150.20	24,273.80
07-May-25	24,233.30	24,449.60	24,220.00	24,414.40
06-May-25	24,500.75	24,509.65	24,331.80	24,379.60
05-May-25	24,419.50	24,526.40	24,400.65	24,461.15
02-May-25	24,311.90	24,589.15	24,238.50	24,346.70
		Weekly Returns		-1.39%

Data Source: NSE

Index macro risks were evident in the week as the VIX spiked to 22.75 levels. Nifty lost -339 points or -1.39%, due the hovering war clouds on the border. Nifty touched a weekly high of 24,526 and a low of 23,936; as it just closed above the psychological 24,000 levels.

NIFTY MID-CAP 100 INDEX – LOSSES RELATIVELY SUBDUED

Date	Open	High	Low	Close
09-May-25	52,097.30	53,336.95	52,093.90	53,223.35
08-May-25	54,486.60	54,646.65	52,937.00	53,229.30
07-May-25	52,755.40	54,329.25	52,747.20	54,287.75
06-May-25	54,806.35	54,895.05	53,343.05	53,435.85
05-May-25	53,957.60	54,717.95	53,951.95	54,675.75
02-May-25	54,004.95	54,593.35	53,563.90	53,705.10
		Weekly Returns		-0.90%

Data Source: NSE

Like in the previous weeks, it was the mid-cap index that stood out in a tough market, largely helped by mid-cap defence stocks. Nifty Mid-cap touched a weekly high of 54,895 and a low of 52,093; with the index showing a sharp rebound from lows on Friday.

NIFTY SMALL-CAP 100 INDEX – STAYS IN UNCERTAIN ZONE

Date	Open	High	Low	Close
09-May-25	15,771.50	16,130.05	15,765.35	16,085.65
08-May-25	16,472.35	16,624.80	16,090.65	16,183.75
07-May-25	15,957.75	16,439.40	15,950.95	16,417.95
06-May-25	16,649.55	16,699.20	16,154.25	16,195.15
05-May-25	16,500.35	16,631.55	16,415.30	16,609.90
02-May-25	16,476.65	16,620.20	16,351.00	16,441.80
		Weekly Returns		-2.17%

Data Source: NSE

The small cap index came under pressure, falling -2.17%; amidst rising risks in smaller stocks. Nifty Small-cap index touched a weekly high of 16,699 and a low of 15,765; as most investors have been generally nervous about small cap stocks in turbulent times.

BANK NIFTY INDEX – FALLS SHARPLY ON MACRO RISKS

Date	Open	High	Low	Close
09-May-25	53,595.95	54,054.80	53,483.05	53,595.25
08-May-25	54,801.75	54,937.25	54,108.00	54,365.65
07-May-25	54,013.40	54,684.30	53,919.90	54,610.90
06-May-25	54,918.25	55,036.95	54,172.95	54,271.40
05-May-25	55,065.80	55,345.50	54,786.50	54,919.50
02-May-25	55,100.95	55,691.95	54,994.40	55,115.35
		Weekly Returns		-2.76%

Data Source: NSE

For the week to May 09, 2025, Nifty Bank dipped by -1,520 points or -2.76%, as the macro risks reflected on banking stocks. Recent results also disappointed. Bank Nifty touched a weekly high of 55,346 and a low of 53,483, as macro risks dominate banks for now.

NIFTY IT INDEX – CLOSES FLAT IN A TOUGH WEEK

Date	Open	High	Low	Close
09-May-25	35,490.90	35,929.30	35,488.40	35,880.10
08-May-25	35,960.95	36,240.25	35,832.80	36,002.45
07-May-25	35,479.10	36,042.25	35,440.65	35,920.30
06-May-25	36,129.30	36,314.20	35,778.80	35,869.20
05-May-25	36,042.60	36,352.40	35,949.35	35,991.25
02-May-25	35,868.50	36,300.60	35,637.40	35,891.85
		Weekly Returns		-0.03%

Data Source: NSE

For the week to May 09, 2025, Nifty IT Index closed flat, as the macro concerns were largely offset by the IT spending hopes arising from the US-UK trade deal. The IT Index touched a weekly high of 36,352 and a low of 35,441. Dollar index also hardened in the week.

NIFTY OIL & GAS INDEX – PRESSURED BY RISING OIL PRICES

Date	Open	High	Low	Close
09-May-25	10,889.00	11,034.80	10,885.20	11,016.70
08-May-25	11,258.15	11,338.25	11,028.50	11,102.85
07-May-25	11,116.80	11,331.05	11,112.30	11,265.35
06-May-25	11,479.85	11,484.20	11,215.80	11,247.35
05-May-25	11,308.35	11,473.40	11,261.30	11,451.95
02-May-25	11,196.40	11,358.55	11,176.25	11,261.05
		Weekly Returns		-2.17%

Data Source: NSE

For the week to May 09, 2025, Nifty Oil & Gas Index dipped -244 points or -2.17%. Brent crude bounced to $63/bbl, amidst the US-UK trade deal. The Oil & Gas Index touched a weekly high of 11,484 and a low of 10,885; seeing pressure on last 2 days of the week.

NIFTY AUTO INDEX – THE WEEK WAS ABOUT TATA MOTORS

Date	Open	High	Low	Close
09-May-25	22,241.45	22,804.75	22,220.70	22,627.80
08-May-25	23,213.85	23,242.10	22,560.20	22,674.15
07-May-25	22,436.75	23,135.50	22,435.30	23,114.10
06-May-25	22,964.95	23,092.65	22,668.65	22,737.60
05-May-25	22,443.20	22,732.45	22,366.30	22,699.20
02-May-25	22,323.25	22,687.95	22,198.35	22,286.50
		Weekly Returns		+1.53%

Data Source: NSE

For the week to May 09, 2025, Nifty Auto Index gained +341 points or +1.53%. Auto index gained as Tata Motos rallied on the US-UK auto quotas. Nifty Auto Index touched a weekly high of 22,805 and a low of 22,220 levels, although there is not much beyond that.

NIFTY FMCG INDEX – A WEEK OF MIXED QUARTERLY RESULTS

Date	Open	High	Low	Close
09-May-25	55,203.20	55,703.70	55,038.50	55,633.00
08-May-25	56,410.40	56,487.30	55,805.60	56,020.70
07-May-25	56,501.65	56,756.60	56,302.25	56,590.25
06-May-25	56,943.45	57,197.70	56,715.55	56,883.40
05-May-25	56,417.95	57,047.95	56,360.55	56,936.20
02-May-25	56,242.15	56,588.30	55,875.80	56,252.25
		Weekly Returns		-1.10%

Data Source: NSE

For week to May 09, 2025, FMCG index closed -1.10% lower. Britannia was the sole FMCG to show good growth on production positioning and cost management. Nifty FMCG Index touched a weekly high of 56,757 and a low of 55,039 levels.

NIFTY HEALTHCARE INDEX – HIT BY MACRO RISKS IN THE WEEK

Date	Open	High	Low	Close
09-May-25	13,508.95	13,697.15	13,503.40	13,672.80
08-May-25	13,971.30	14,001.10	13,628.20	13,696.75
07-May-25	13,855.40	14,025.00	13,855.25	13,968.80
06-May-25	14,058.15	14,093.50	13,889.60	14,018.25
05-May-25	14,030.55	14,111.95	13,988.70	14,096.70
02-May-25	14,009.85	14,160.80	13,885.65	13,968.25
		Weekly Returns		-2.12%

Data Source: NSE

For the week to May 09, 2025, Nifty Healthcare Index dipped -295 points or -2.12%. The fall was more about the macro risks in the current border turmoil. The Healthcare Index touched a weekly high of 14,112 and a low of 13,503, for the week.