Indian equity markets showed positive momentum over June 4 and 5, 2025, with notable gains in the quick-service restaurant (QSR) and food delivery sectors. Swiggy shares rose by 8-9% following Morgan Stanley's initiation of coverage with an 'overweight' rating. Eternal, the company formerly known as Zomato, experienced a rally of up to 11% over two days, closing as the top gainer on the Nifty index with a 5% increase on June 5. Other prominent gainers included Bharti Airtel, which rose about 2%, Reliance Industries up over 1%, and HDFC Bank, which closed 1% higher after SEBI approved a ₹12,500 crore initial public offering for HDB Financial Services. The Nifty index snapped a three-session losing streak, led by gains in Eternal, Jio Financial Services, and Dr Reddy's Laboratories. Sectoral performance was strong in IT, banking, and auto stocks, with top gainers including Infosys, Tata Motors, and Wipro, while Coal India, Hindalco, and Nestle India were among the losers. The market's upward trend was supported by positive brokerage notes and renewed buying interest following strong global earnings.
📊Nifty advances for 2nd consecutive session led by Eternal, Dr Reddy's Lab Here's how the market panned out today! #Nifty #StockMarket #stockmarketsindia https://t.co/ppQVx12CRX
#MarketAtClose | 👉Eternal continues to see buying, rises 5% to end as top Nifty gainer 👉Reliance is top Nifty contributor, up over 1% on +ve brokerage note Here's more👇 https://t.co/l6C9TJDFgZ
Shares of online food-delivery cum quick-commerce-space – Eternal (formerly known as Zomato) and Swiggy rallied up to 6% on Thursday #Zomato #sharemarket #BusinessNews #Investments https://t.co/0wht6aNxwb