Top 10 Nifty 50 Stocks to Watch in May 2025: Fundamentals, Technical Triggers & Weightage Driving the Index

Explore the top 10 Nifty 50 stocks driving the index in May 2025 with their fundamentals, technical outlook, and Nifty weightage. Stay ahead with this insightful breakdown.

Top 10 Nifty 50 Stocks to Watch in May 2025: Fundamentals, Technical Triggers & Weightage Driving the Index

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Overview:

As Nifty 50 trades near key resistance in May 2025, stock-specific moves are expected to steer its direction. In this post, we highlight the top 10 heavyweights of the index based on fundamental strength, technical setups, and Nifty weightage (% contribution).

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Top 10 Nifty 50 Constituents (May 2025)

Rank	Company	Nifty Weight (%)	Price (May 30, 2025)
1	Reliance Industries	9.75%	₹1,420.90
2	HDFC Bank Ltd	9.35%	₹1,482.50
3	ICICI Bank Ltd	7.90%	₹1,115.00
4	Infosys Ltd	5.90%	₹1,365.25
5	Larsen & Toubro (L&T)	4.65%	₹3,680.00
6	TCS	4.40%	₹4,120.60
7	Axis Bank Ltd	3.65%	₹1,150.10
8	Bharti Airtel Ltd	3.35%	₹1,305.75
9	ITC Ltd	3.10%	₹437.85
10	State Bank of India (SBI)	3.00%	₹812.60

Combined weight of these 10 stocks: ~54.15% of Nifty 50 — meaning these alone influence over half the index movement.

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Detailed Analysis

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1. Reliance Industries Ltd (Weight: 9.75%)

• Price: ₹1,420.90 (May 30, 2025)

• Fundamentals:

  • PE: 25x | EPS: ₹110.2

  • Diversified play: energy, telecom, retail, renewables

  • Low debt-equity (0.39), strong FCF

• Technical Setup:

  • Bullish trend; MACD crossover

  • Support: ₹1,375 | Resistance: ₹1,460

  • RSI: 60+

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2. HDFC Bank Ltd (Weight: 9.35%)

• Price: ₹1,482.50

• Fundamentals:

  • CASA: 43% | GNPA: 1.2%

  • Healthy post-merger metrics

• Technical View:

  • Double bottom breakout

  • Resistance: ₹1,520 | 200-DMA support

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3. ICICI Bank Ltd (Weight: 7.90%)

• Price: ₹1,115.00

• Fundamentals:

  • PE: 19x | ROE: 17.8%

  • Consistent retail loan growth

• Technical View:

  • Bullish flag breakout

  • Target: ₹1,200+

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4. Infosys Ltd (Weight: 5.90%)

• Price: ₹1,365.25

• Fundamentals:

  • PE: 22x | Dividend: 2.2%

  • Strong cloud, GenAI service push

• Technical View:

  • Bounced off 50-DMA

  • Key resistance: ₹1,430

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5. Larsen & Toubro (L&T) (Weight: 4.65%)

• Price: ₹3,680.00

• Fundamentals:

  • Order book: ₹4+ Lakh Cr

  • Strong EPC & defence exposure

• Technical View:

  • Ascending triangle

  • Target: ₹3,950+

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6. TCS (Weight: 4.40%)

• Price: ₹4,120.60

• Fundamentals:

  • ROE: 41% | EPS: ₹117

  • Strong order wins

• Technical View:

  • Cup-and-handle pattern

  • Target: ₹4,350+

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7. Axis Bank Ltd (Weight: 3.65%)

• Price: ₹1,150.10

• Fundamentals:

  • Profit growth: 18%

  • GNPA: 1.3%

• Technical View:

  • Breakout above ₹1,130

  • Next target: ₹1,200

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8. Bharti Airtel Ltd (Weight: 3.35%)

• Price: ₹1,305.75

• Fundamentals:

  • ARPU: ₹208 | Low churn rate

  • Africa & 5G growth

• Technical View:

  • Flag breakout

  • Target: ₹1,380

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9. ITC Ltd (Weight: 3.10%)

• Price: ₹437.85

• Fundamentals:

  • PE: 23x | Dividend: 3.5%

  • FMCG growth + hotel demerger buzz

• Technical View:

  • Breakout above ₹445 = rally to ₹475

  • RSI > 60

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10. State Bank of India (SBI) (Weight: 3.00%)

• Price: ₹812.60

• Fundamentals:

  • Net profit Q4 FY25: ₹20,800 Cr

  • GNPA: 1.1% | Loan book growth solid

• Technical View:

  • Breakout from symmetrical triangle

  • Target: ₹850+

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Conclusion

These 10 heavyweight stocks, contributing over 54% to the Nifty 50, are currently showing a mix of bullish breakouts, strong earnings momentum, and institutional accumulation. As FIIs and DIIs realign portfolios ahead of the budget and global central bank cues, Reliance, HDFC Bank, and ICICI Bank remain the top directional influencers.

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Pro Tip:

Use these stocks as a benchmark for index trend confirmation. If 5+ stocks here cross technical resistance, a Nifty breakout is likely.

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