Fri May 23 11:44:31 UTC 2025: ## Indian Markets Rebound After FII Sell-Off: Sensex and Nifty Surge Nearly 1%
**Mumbai, May 23, 2025** – Indian benchmark indices Sensex and Nifty experienced a strong rebound on Friday, closing nearly 1% higher after a volatile trading week influenced by Foreign Institutional Investor (FII) activity. The surge was fueled by significant buying in market heavyweights like Reliance Industries, HDFC Bank, and ITC.
The 30-share BSE Sensex settled at 81,721.08, a gain of 769.09 points or 0.95%. Intraday, the index touched a high of 81,905.17. The NSE Nifty mirrored the positive sentiment, rallying 243.45 points or 0.99% to close at 24,853.15.
Leading the charge on the Sensex were Eternal, Power Grid, ITC, Bajaj Finserv, Nestle, Axis Bank, Kotak Mahindra Bank, and Adani Ports. Sun Pharma was the sole outlier, experiencing a nearly 2% decline following a reported 19% drop in consolidated net profit for the quarter ended March 31, 2025.
The market surge followed a period of selling pressure from FIIs, who offloaded equities worth ₹5,045.36 crore on Thursday, May 22nd. This contributed to a significant dip in the market the same day, with the Sensex tanking 644.64 points and the Nifty falling 203.75 points.
Global markets presented a mixed picture. In Asia, Japan’s Nikkei 225 and Hong Kong’s Hang Seng closed in positive territory, while South Korea’s Kospi and Shanghai’s SSE Composite index ended lower. European markets were trading higher in mid-session, while U.S. markets closed largely flat overnight.
Brent crude oil prices dipped slightly by 0.23% to $64.29 a barrel.
Today’s market recovery suggests a renewed confidence among domestic investors, offsetting the impact of recent FII outflows. Analysts will be closely watching future trading sessions to determine if this upward trend will sustain.
First Piper 