The Nifty and Sensex rose 1.32% and 1.42% respectively on Monday, closing at 24,031.70 and 76,488.96, their highest close since 15 April. The Nifty crossed the 20-day simple moving average and closed above it, which supports further uptrend from the current levels.

At a conference in Hong Kong last week, several foreign portfolio investors said the rupee’s persistent depreciation was making them reluctant to increase exposure to Indian assets. But the issue runs deeper than just currency weakness, experts told Mint.

Gold and silver prices rose on May 25, driven by hopes for a peace deal in the Iran conflict, a weaker US dollar, and lower crude oil prices, easing inflation worries. MCX gold surged by ₹821 and silver by ₹5,399 amid market optimism.

Rail Vikas Nigam Limited reported mixed Q4 FY26 results with revenue growth of 4.2% YoY to ₹6,695.9 crore, but net profit fell 59% YoY to ₹187 crore. For FY26, revenue increased slightly, yet net profit declined 32% to ₹875 crore.

The Vegorama Punjabi Angithi IPO allotment is expected today, May 25, after receiving nearly 35 times overall subscription. Retail investors will be allotted shares on a proportional basis, with refunds starting May 26. The IPO price was fixed at ₹77 per share, with a listing date of May 27.