After opening on a positive note, Indian benchmark indices extended their upward momentum throughout the session, ending in green.

The BSE and the NSE benchmark indices settled higher on Thursday, 15 May 2025 following an announcement by US President Donald Trump that India had offered to reduce tariffs on US goods, easing trade tensions between the two countries.

At the closing bell, the BSE Sensex  closed higher by 1,200 points (up 1.5%)

Meanwhile, the NSE Nifty closed points 395 higher (up 1.6%)

Tata Motors, HCL Tech, Adani Ports among the top gainers today

IndusInd Bank, on the other hand, was among the top losers today.

The GIFT Nifty was trading at  25,068, higher by 353 points at the time of writing.

The BSE MidCap index ended 0.6% higher, and the BSE SmallCap index ended 0.9% higher.

Sectoral indices were trading positively today, with stocks in the metal sector and realty sector witnessed buying.

The rupee is trading at Rs 85.5 against the US$.

Gold prices for the latest contract on MCX are trading 0.4% lower at Rs 91,894 per 10 grams.

Meanwhile, silver prices were trading 0.7% lower at Rs 94,800 per 1 kg.

Here are the four key factors driving the market's momentum:

#1 Value Buying In Selected Large Caps

After the recent market correction, some top shares like Tata Motors, HCL Tech, Adani ports and Maruti saw value buying, which helped boost the market. These stocks rose 2-4%.

#2 US-India Trade Deal In Sight

India has reportedly offered the US a zero tariffs trade deal, according to US President Donald Trump, raising hopes for a possible agreement. Although the specifics of the proposal are unknown, Trump said that India is willing to remove tariffs on US exports. Market benchmarks have benefited from this development, which has improved market sentiment.

#3 Solid Q4 Earnings

India's Q4 earning have been stable, supporting market sentiment. The results showed a 9% year-over-year growth in sales, 6% growth in EBITDA, 10% growth in PBT and 4% growth in PAT. This stability earning has contributed to market's positive outlook.

#4 Macro boost

India's strong economy is keeping market sentiments positive. With inflation dropping to six year low of 3.2% in April, expectation of further interest rate cuts by the Reserve Bank of India have increased. Declining inflation, rising incomes, government spending and lower interest rate are key factors supporting the market's positivity.
 

Piramal Pharma Shares Slides After Q4 Results

In the news from pharmaceuticals sector, shares of Piramal Pharma dropped 5% after the company announced its Q4 results.

Q4FY25 revenue rose 8% to Rs 27.54 bn. EBITDA also grew 8% to Rs 6.03 billion (bn).

The net profit also jumped to Rs 1.5 bn with an increase of 16%. Despite this growth profit margin remained steady at 22%.

Better procurement strategies, cost-cutting and improved operations helped increase the company's profit margins.

Nandini Parimal, chairperson of Piramal Pharma said that the company made a progress in key areas, including innovations, contract manufacturing and growth of its consumer healthcare brands while maintaining its lead in the US markets for Sevoflurane.

Piramal Pharma is a multinational pharmaceutical corporation with 17 production sites spread across more than 100 countries. It serves a variety of healthcare needs globally by offering goods and services through contract manufacturing, hospital generics, and consumer healthcare enterprises.

Gensol Engineering hit 5% upper circuit

Moving on to the news from engineering sector, shares of Gensol Engineering hit 5% for the third consecutive session at Rs 63.1 per share, following the resignations of the company's managing director, Anmol Singh Jaggi, and full-time director, Puneet Singh Jaggi, due to suspected fund diversion.

Due to allegations of fund diversion and fraudulent activities, Anmol Singh Jaggi and Puneet Singh Jaggi were the subject of an interim order issued by the Securities and Exchange Board of India (Sebi) in April.

SEBI ordered Gensol Engineering to halt its planned stock split due to claims of financial mismanagement including luxury purchase and routing money through complex channels.

SEBI started investigating Gensol after complaints and credit rating downgrades due to concerns over debt repayment by its related company BluSmart Mobility.

Ireda, a government-backed renewable energy lender, has filed a case against Gensol Engineering for defaulting on a Rs 5.1 bn loan, seeking to initiate insolvency proceedings.

Gensol Engineering provides range of services including solar, EPC, advisory, operations and maintenance, solar tracking technology, electric vehicle manufacturing and leasing and innovative green solutions.

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