Broader market rallies: Nifty Midcap 100 jumps 1.7%, Adani Total Gas, HPCL, Ircon International among top gainers

The broader market on Monday, May 5, was trading higher during the intraday trade, outperforming the main equity benchmark indices. Sustained foreign fund inflows, a sharp drop in crude oil prices and positive global cues boosted the investors’ sentiment.

During the intraday period, NIFTY Midcap 100 was trading 1.44% higher at the 54,479.60 level, while NIFTY Smallcap 100 was at 16,534.00, gaining 0.56%.

The Nifty Midcap 100 index had opened the session at 53,957.60 levels and touched an intraday high of 54,566.60 levels. The Nifty Smallcap 100 gauge had also hit an intraday high of 16,565.85 after opening at the 16,500.35 mark on Monday.

Shares of Adani Total Gas jumped over 12% during the intraday period after the firm reported its March quarter earnings last week.

At 1:37 PM, the firm was trading at ₹658.2 apiece, surging 9.75% after its net sales rose 15% to ₹1,341.26 crore in March 2025 from ₹1,166.95 crore in March 2024.

However, its quarterly net profit declined 8% to ₹154.59 crore in the quarter under review from ₹167.96 crore in Q4 FY24.

Other midcap firms like Waaree Energies (4.96%), Biocon (4.59%), Polycab India (4.54%), Indraprastha Gas (4.38%) and Indian Bank (4.34%) also advanced on Monday, adding to the NIFTY Midcap 100 index’s rally.

One of the leading players in the FMCG segment last week reported a consolidated net profit of ₹343 crore for the quarter ended March 31, 2025 (Q4 FY25), up 7.86% against the ₹318 crore profit logged in the year-ago period.

During the intraday period, Marico was seen at ₹723.45 apiece, rising 3.68% on NSE.

On the Nifty Smallcap 100, JBM Auto, The Great Eastern Shipping Company, Godfrey Phillips India, Aarti Industries, Mahanagar Gas, Poonawalla Fincorp, Triveni Turbine, Triveni Turbine, Ircon International and Brigade Enterprises were top gaining stocks.

The Great Eastern Shipping Company was another top contributor on the gauge, gaining 4.72%. Godfrey Phillips India, Aarti Industries, Mahanagar Gas, Poonawalla Fincorp, and Triveni Turbine were the other top gainers, surging as much as 4.64%.