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BSE 500 Opens Flat; 360 ONE WAM, Whirlpool Rally, IIFL Drops

Markets opened muted on May 21 amid FII outflows and global cues. 360 ONE WAM and Whirlpool gained on strong earnings, while IIFL and CholaFin fell.

Markets opened muted on May 21 amid FII outflows and global cues. 360 ONE WAM and Whirlpool gained on strong earnings, while IIFL and CholaFin fell.

The BSE 500 index opened nearly flat on May 21, 2025, at 35,506.11, slipping just 7.46 points (–0.02%), reflecting investor caution after Tuesday’s selloff and mixed global signals.

Tuesday’s decline, led by rising US bond yields and recession concerns, saw the Sensex drop 873 points. Weak global cues persisted—Asian markets were mixed while US futures edged lower. Adding pressure, foreign investors sold ₹10,000 crore worth of equities on May 20.

Despite the cautious tone, several BSE 500 constituents showed sharp movements:

Top Gainers

360 ONE WAM (+12.56%)
The stock surged after announcing a strategic tie-up with UBS, which includes issuing warrants at a premium and acquiring UBS’s India wealth business. Q4 FY25 results further boosted sentiment:

  • Revenue: ₹820.8 cr (+3.7% YoY)

  • PAT: ₹249.6 cr (+3% YoY)

  • Dividend: Interim ₹6/share

The combination of strategic investment, steady earnings, and dividend news drove the rally.

Whirlpool of India (+7.29%)
Shares jumped after a strong Q4 performance and a one-time insurance gain.

  • Revenue: ₹2,004.7 cr (+15.6% YoY)

  • PAT: ₹119.47 cr (+50.4% YoY)

  • Dividend: ₹5/share

Strong demand, better margins, and interest from private equity investors added to the momentum.

Top Losers

IIFL Finance (–7.30%)
Q4 earnings disappointed as net profit slumped 42% YoY to ₹251.4 cr. Operating income fell 9%, and provisions rose to ₹348.7 cr, reflecting pressure from a stagnant loan book and rising impairments.

Cholamandalam Investment & Finance (–7.42%)
Despite solid Q4 numbers—PAT up 19% YoY to ₹1,259.5 cr and AUM up 30%—the stock fell on likely profit-booking amid sector rotation and FII outflows. No adverse developments were reported.

With Q4 earnings season still unfolding and global macro risks in play, markets may remain range-bound in the short term. Stock-specific action is expected to continue based on earnings and corporate developments.

Disclaimer: This story was created with the assistance of artificial intelligence and is intended for informational purposes only. Please take it with a pinch of salt and do your own research or consult a financial advisor before making investment decisions.

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