📊Nifty advances for the 4th consecutive session; mainly led by Eternal ltd and ICICI Bank
Here's how the market panned out today!#stockmarketsindia #Nifty #StockMarket pic.twitter.com/E3tuWMtJ3T
— ET NOW (@ETNOWlive) April 17, 2025
The Indian stock market experienced a strong rally today, with the Sensex surging 1,509 points and the Nifty breaching the 23,800 mark. This impressive performance was driven by robust buying in financial stocks amidst positive market sentiments, despite ongoing global economic concerns. Several key factors contributed to today’s market surge.
Financial stocks led the charge, boosting overall market sentiment. Continued foreign institutional investor inflows provided strong support to the market. Renewed optimism surrounding trade talks between Japan and the US added to investor confidence.
#Q4WithETNOW | Infosys Guidance: Sees FY26 revenue growth of 0-3%
This is the update on operating margin👇 @Infosys #EarningsWithETNOW #StockMarket pic.twitter.com/8dgmzWPu9T
— ET NOW (@ETNOWlive) April 17, 2025
A declining dollar made Indian stocks more attractive to foreign investors. Ongoing tariff exemptions by the US government continued to support market sentiment. Stability in crude oil prices helped alleviate some economic concerns, thereby supporting the markets.
Huge reversion to the mean so far this year with Eurozone stocks UP 13% and International Stocks stocks overall UP 4% while the S&P 500 is DOWN 8%. This comes after 16+ years of US outperformance, the longest run in history.https://t.co/l5IYmkeySJ pic.twitter.com/BV8Unkbg5J
— Charlie Bilello (@charliebilello) April 16, 2025
Indian markets erased post-tariff losses this morning, outperforming Asian peers, Reuters Vivek Kumar and Bharath Rajeswaran report.
Read here: https://t.co/NgdfLn64hU
I also wrote about the preference for India’s more domestically focused stocks amid the global turmoil in this… pic.twitter.com/Ku88sZLFHo
— Ira Dugal (@dugalira) April 15, 2025
The market capitalization of BSE-listed companies saw a substantial increase, jumping by Rs 4 lakh crore to Rs 418.98 lakh crore. In a remarkable display of market strength, the Sensex closed in the green, rising by over 1500 points, while the Nifty hovered near the 23,850 mark. Market analysts attribute this bullish trend to several key factors, including strong earnings reports from major companies and positive global market cues.
Sensex rallies on strong buying
Investors showed heightened buying interest, propelling the indices to significant highs. All sectoral indices ended in the green, with notable gains in telecom, PSU Bank, Oil & Gas, pharma, auto, energy, and private banks, each rising between 1 to 2 percent.
The BSE Midcap and Smallcap indices each added 0.5 percent. Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, noted that the Nifty witnessed a decisive upside breakout today, closing higher by 414 points. The next resistance level to watch is around 24,550, with immediate support at 23,600 levels.
Ajit Mishra, SVP of Research at Religare Broking, highlighted that positive investor sentiment remains buoyed by strong domestic fundamentals and an absence of major global concerns. Attention now shifts to upcoming earnings announcements from heavyweights like Infosys, HDFC Bank, and ICICI Bank. Vinod Nair, Head of Research at Geojit Investments, pointed out the strong rally in large-cap stocks, driven mainly by financials.
Optimism is also bolstered by favorable US-India trade negotiation outcomes and minimal disruption from US-China trade tensions. The Indian market recorded its biggest weekly gain in over two years, with Sensex, Nifty, and the Midcap index each posting gains of over 4 percent. The Nifty Bank led the frontline indices with gains exceeding 6 percent, recording its largest weekly gain in nearly two years.
In currency markets, the Indian rupee closed 31 paise higher at 85.37 per dollar compared to the previous close of 85.68.
