Indian stock market sector-wise performance today - May 2, 2025

The stock market on Friday (May 2, 2025) experienced a mixed performance across various indices and sectors, highlighting a day of diverse movements.

The BSE Sensex saw a modest increase with a percentage change of approximately 0.32%, indicating a slight upward trend for the day.

Conversely, Nifty Auto recorded a minor decline of around 0.10%, reflecting a mostly stable yet slightly negative sentiment within the auto sector.

Nifty Energy experienced a more notable decrease, with a percentage drop of 0.30%. This could be attributed to fluctuations in global energy prices or investor sentiment shifting away from energy stocks.

Meanwhile, Nifty FMCG also faced a decline, recording a percentage change of -0.34%, suggesting some profit-taking or unfavorable news impacting the fast-moving consumer goods sector.

On a more positive note, Nifty Infra managed a slight increase of 0.10%, showcasing resilience and potential bullish sentiment in infrastructure-related stocks.

Nifty IT displayed a modest rise of 0.27%, which may be driven by positive developments within the technology sector or strong earnings reports from key companies.

The Nifty Metal sector experienced the largest decline, with a significant drop of 0.74%. This considerable fall could be due to various factors, such as a decrease in metal prices, regulatory concerns, or a shift in global demand affecting the sector negatively. Investors may have reacted to these concerns by selling off metal stocks, leading to the decline.

Nifty Bank held steady with a slight increase of 0.05%, as financial stocks showed modest strength, possibly supported by stable economic indicators or favorable monetary policies.

Similarly, the NSE Nifty Index experienced a minimal increase of 0.05%, suggesting a balanced market sentiment overall. The most affected sector, Nifty Metal, saw its decline partially due to external economic factors impacting commodities, or possibly news related to global trade tensions or supply chain disruptions.

The substantial drop in this sector led to a cautious approach from investors within the metal industries, reflecting broader market concerns about future growth prospects in this area.

Overall, the day's market movements reflected a mix of cautious optimism with underlying pressures in certain sectors, highlighting the dynamic nature of stock market performance and investor sentiment.

Analysis for Sensex - May 02, 2025

Sensex Performance Summary: The Sensex opened at 80,300.19 and closed slightly higher at 80,501.99, marking a 0.32% increase with a points change of 259.75. The index reached a high of 81,177.93 during the trading session. With an RSI of 66.70, it is nearing overbought conditions, while the MACD indicates a bullish trend. The 10-EMA and 20-EMA values suggest a positive short to medium-term outlook.

Relationship with Key Moving Averages

The Sensex close at 80501.99 is above the 50-day, 200-day, 10-day, and 20-day exponential moving averages, which are 77267.71, 77282.90, 79458.63, and 78372.65, respectively. This indicates a bullish trend, as the average price over various timeframes is lower than the current close.

Moving Averages Trend (MACD)

The Sensex is currently showing a positive momentum with a MACD value of 1242.58, higher than the MACD Signal at 952.53, indicating a bullish signal. The increasing MACD suggests that the uptrend may continue in the short term.

RSI Analysis

The RSI (Relative Strength Index) for the Sensex is at 66.70, indicating it is approaching overbought territory as it gets closer to the 70 mark. This suggests that while the market has recently experienced upward momentum, investors should monitor for potential overbought conditions which could lead to a reversal or consolidation.

Analysis for Nifty Auto - May 02, 2025

The Nifty Auto index opened at 22,323.25 and closed slightly lower at 22,286.5, marking a decrease of 21.90 points or about -0.10%. The Relative Strength Index (RSI) stands at 60.39, indicating moderate strength in the current trend, while the MACD shows a bullish divergence from its signal line.

Relationship with Key Moving Averages

The closing value of Nifty Auto is slightly below its 200 EMA but remains above both its 50 EMA and 20 EMA, suggesting a short-term upward trend. The RSI is relatively high at 60.39, indicating strong momentum. However, the decline in the close compared to the previous close reflects minor bearish sentiment.

Moving Averages Trend (MACD)

The MACD for Nifty Auto is currently at 292.88, with a MACD Signal of 161.39. This indicates a bullish trend, as the MACD line is above the MACD Signal line, suggesting potential upward momentum in the short term.

RSI Analysis

The Relative Strength Index (RSI) for Nifty Auto is 60.39, indicating that the stock is approaching overbought levels but is still within a neutral zone. Typically, RSI values above 70 suggest overbought conditions, while values below 30 indicate oversold conditions. Therefore, the current RSI suggests moderate bullish momentum.

Analysis for Nifty Energy - May 02, 2025

Nifty Energy opened at 34,206.05, reached a high of 34,600.65 and a low of 33,990.60, closing at 34,138.75. This marks a decrease of 0.30% from the previous close with a points change of -102.85. The RSI is at 56.40, indicating a neutral momentum, while the MACD is above the signal line, suggesting a bullish trend.

Relationship with Key Moving Averages

The Nifty Energy index closed at 34,138.75, slightly below its 10-day EMA of 34,121.20 but above its 50-day EMA of 33,290.23. It remains below the longer-term 200-day EMA of 35,466.52, indicating a mixed short-term trend but a possible long-term downward trend.

Moving Averages Trend (MACD)

The MACD value of 510.55 for Nifty Energy is above the MACD signal of 478.34, indicating a bullish trend. This positive MACD crossover suggests upward momentum, which could mean potential buying interest in the stock.

RSI Analysis

The RSI for Nifty Energy is 56.40, indicating a neutral position closer to being overbought but not yet in that territory. Generally, RSI values above 70 suggest overbought conditions, while values below 30 suggest oversold conditions. Therefore, the current RSI suggests the Nifty Energy is neither overbought nor oversold.

Analysis for Nifty FMCG - May 02, 2025

The Nifty FMCG index opened at 56,242.15 and closed at 56,252.25, marking a slight decline with a -0.34% change from the previous close of 56,445.35. The 50-day EMA is at 54,841.43, which is below the current closing level, indicating a longer-term upward trend, while the RSI is at 60.02, suggesting moderately strong momentum.

Relationship with Key Moving Averages

Nifty FMCG closed at 56252.25, falling below its 10 EMA at 56335.47 but remaining above its 50 EMA at 54841.43 and 200 EMA at 56143.42. This suggests short-term weakness while maintaining long-term strength, as it stays below the short-term average but above the mid and long-term averages.

Moving Averages Trend (MACD)

Nifty FMCG MACD Analysis: For Nifty FMCG, the MACD of 863.63 is below its Signal line of 900.82, which indicates a bearish trend. Traders might interpret this as a signal to be cautious about potential downward momentum.

RSI Analysis

The RSI value for Nifty FMCG is 60.02, which suggests that the stock is in a neutral or slightly overbought position. Generally, RSI values above 70 indicate an overbought condition, while below 30 indicate oversold. Currently, the RSI suggests moderate strength in the trend.

Analysis for Nifty Infra - May 02, 2025

Nifty Infra opened at 8776.35, reached a high of 8892.75, and closed at 8794.5, showing a slight positive change of 0.10% from the previous close. The RSI stands at 64.50, indicating a relatively strong momentum, while the MACD value of 154.02 signifies a bullish trend above the signal line.

Relationship with Key Moving Averages

Nifty Infra: The current closing price of 8794.5 is above both the 50-day EMA (8391.24) and the 200-day EMA (8425.46), indicating a potential bullish trend. Additionally, the closing price is above the 10-day EMA (8684.24) and the 20-day EMA (8558.76), suggesting short-term strength in comparison to these moving averages.

Moving Averages Trend (MACD)

The MACD value for Nifty Infra is 154.02, which is above the MACD Signal line at 133.31. This suggests that there may be a bullish momentum in the stock, indicating potential upward movement.

RSI Analysis

The RSI value for Nifty Infra is 64.50, indicating that the stock is approaching overbought conditions as it is close to the overbought threshold of 70. This suggests potential caution for investors considering new positions or expecting a reversal.

Analysis for Nifty IT - May 02, 2025

Nifty IT index opened at 35868.5 and closed at 35891.85, showing a positive change of 0.27% with a points gain of 96.90. The index's Relative Strength Index (RSI) is at 53.68, indicating a relatively balanced momentum between buyers and sellers. The MACD value is -264.89, below the signal line, suggesting a short-term bearish trend.

Relationship with Key Moving Averages

The Nifty IT index closed slightly above its previous close, showing moderate positive movement with a 0.27% gain. The current close is below the key moving averages of 50 EMA and 200 EMA, indicating potential resistance and a bearish sentiment in the longer term. However, it's above the 10 EMA and 20 EMA, suggesting some short-term strength.

Moving Averages Trend (MACD)

The MACD for Nifty IT is -264.89, with a MACD Signal of -690.16, indicating a potential upward momentum as the MACD line is above the signal line. However, it is still negative, suggesting caution and closely watching for a possible trend change.

RSI Analysis

The RSI of Nifty IT is 53.68, indicating a neutral momentum. An RSI value between 30 and 70 suggests that the index is neither overbought nor oversold at the moment. This can imply a balanced state where the price may continue to move in either direction depending on other market factors.

Analysis for Nifty Metal - May 02, 2025

Nifty Metal opened at 8590.15, reaching a high of 8714.55 and a low of 8458.60, and closed at 8518.40. The index saw a decrease of 0.74% from its previous close of 8581.80, with a points change of -63.40. With the RSI at 46.85 and MACD indicating a negative trend, the index seems to be under bearish pressure.

Relationship with Key Moving Averages

The closing price of Nifty Metal is below its 50 EMA, 20 EMA, and 10 EMA, indicating a bearish trend over these short to medium-term periods. Additionally, its position below the 200 EMA suggests a potential long-term downtrend.

Moving Averages Trend (MACD)

The MACD for Nifty Metal is -26.82, which is above the MACD Signal of -38.64. This suggests a potential bullish momentum as the MACD line is moving towards the signal line. However, because both values are negative, it indicates that the overall trend could still be weak.

RSI Analysis

RSI Analysis for Nifty Metal: The Relative Strength Index (RSI) for Nifty Metal is 46.85, indicating a neutral position as it is between the typical oversold level of 30 and overbought level of 70. This suggests that the stock is neither in an oversold nor overbought condition, implying a potential period of consolidation or a continuation of the current trend.

Analysis for Nifty Bank - May 02, 2025

Nifty Bank Performance: Nifty Bank opened at 55,100.95 and closed slightly higher at 55,115.35, marking a marginal gain of 0.05%. The index showed a relatively strong RSI of 67.14, indicating a bullish momentum. The MACD value of 1372.89 supports this positive outlook, although the signal line follows closely at 1280.47. The 10-day EMA at 54,668.33 suggests the index is currently strong, outperforming its 50-day and 200-day EMAs.

Relationship with Key Moving Averages

Nifty Bank is trading above its 10-day EMA of 54668.33, indicating a short-term upward trend. It is also above the 20-day EMA of 53587.23, suggesting a medium-term bullish sentiment. Additionally, Nifty Bank is trading well above the 50-day EMA of 51869.54, reinforcing the ongoing positive momentum.

Moving Averages Trend (MACD)

Nifty Bank shows a positive momentum with a MACD value of 1372.89, which is above the MACD Signal line at 1280.47. This indicates a bullish signal, suggesting potential upward movement in the short term.

RSI Analysis

The RSI for Nifty Bank is 67.14, which suggests that the index is nearing overbought conditions. An RSI value above 70 generally indicates that a security may be overvalued and due for a correction. However, since it's currently below 70, the index is not yet in the overbought territory.

Analysis for Nifty 50 - May 02, 2025

Nifty 50 opened at 24,311.90 and closed at 24,346.70, marking a slight increase of 0.051% with a points change of 12.5 from the previous close of 24,334.20. Despite having no change in volume, the technical indicators show a strong momentum with the Relative Strength Index (RSI) at 65.17, and the Moving Average Convergence Divergence (MACD) is above the signal line, indicating a bullish trend.

Relationship with Key Moving Averages

The Nifty 50 closed at 24,346.70, which is above all its key moving averages, including the 10 EMA (24,099.45), 20 EMA (23,783.05), 50 EMA (23,441.00), and 200 EMA (23,448.09). This suggests a strong upward trend, as it's trading higher than its recent averages.

Moving Averages Trend (MACD)

The MACD value for Nifty 50 is 367.84, which is above the MACD Signal line at 291.98. This indicates a bullish trend, suggesting that the momentum is in favor of further upward movements. The positive MACD also complements the RSI of 65.17, underlining the strong buying pressure.

RSI Analysis

The RSI value of 65.17 falls within the range of 50-70, indicating a moderately strong trend without nearing overbought levels. This suggests the Nifty 50 is in an uptrend, but not at a critical point of overvaluation according to the RSI indicator.