Fri May 23 04:55:13 UTC 2025: Okay, here’s a summary of the text and a news article based on it:

**Summary:**

On May 23, 2025, the Indian stock market rebounded in early trading after a weak performance the previous day. Both the Sensex and Nifty indices showed gains, driven primarily by buying in IT stocks and positive trends in Asian markets. Market analysts noted that Foreign Institutional Investors (FIIs) had been selling recently, which could pose a risk if the global environment worsens. However, India’s strong macroeconomic fundamentals, including resilient growth and declining inflation, are providing support to the market, particularly for domestic demand-driven sectors.

**News Article:**

**Indian Stock Market Rebounds on IT Gains, Asian Market Support**

**Mumbai, May 23, 2025** – Indian benchmark stock indices Sensex and Nifty staged a recovery in early trade on Friday, fueled by strong buying activity in blue-chip IT stocks and a generally positive trend across Asian equity markets.

The Sensex initially climbed 219.05 points to reach 81,171.04, while the Nifty rose by 111.2 points to 24,720.90. The rally continued with the Sensex closing +411.60 at 81,363.59 and the Nifty at +145.15 to close at 24,755.75

Key gainers included Eternal, Infosys, HCL Tech, Power Grid, ITC, IndusInd Bank, Tech Mahindra and Nestle. Sun Pharma and Mahindra & Mahindra lagged behind.

The rebound comes after a significant dip on Thursday, where the Sensex fell by 644.64 points (0.79%) and the Nifty declined by 203.75 points (0.82%).

Market analysts are cautiously optimistic. “After the 14% pull back from the March lows the market is struggling to find direction,” said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited. He highlighted recent heavy selling by Foreign Institutional Investors (FIIs) and noted their potential to turn sellers again if global conditions deteriorate. Data shows FIIs offloaded equities worth ₹5,045.36 crore on Thursday.

Despite these concerns, Vijayakumar emphasized India’s robust macroeconomic position as a positive factor, citing resilient growth and decreasing inflation and interest rates. He pointed to the strength of domestic demand-driven sectors like financials, telecom, and aviation, as demonstrated by the performance of companies such as ICICI Bank, Bharti Airtel, and InterGlobe Aviation.

Globally, Brent crude oil prices fell slightly, trading at $64.06 a barrel.

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