Finance
Stock Market Updates, Thursday, April 17, 2025: Benchmark equity indices extended their winning streak to the fourth day in a row, led by robust gains in banking shares and Reliance Industries, as global markets traded mixed amid the US-China tariff escalation.
The BSE Sensex began 76 points lower at 76,968, falling to a day low of 76,666. The index then recouped losses and rebounded to a high of 78,617, up 1,951 points from the day’s low. The Sensex finished the day with a gain of 1,509 points, or 1.96 percent, at 78,553.
The Bombay Stock Exchange (BSE) is now celebrating its 150th anniversary. The Sensex is the benchmark index for the BSE, Asia’s oldest stock market.
The NSE Nifty 50 index fell to a low of 23,299 in intraday trading before rising to a high of 23,872. The Nifty finally closed 414 points, or 1.8% higher, at 23,852.
In the process, the NSE Nifty posted its largest weekly gain since February 2021, rising 4.4% in just three trading sessions. This week’s Monday was a trading holiday for Dr. Baba Saheb Ambedkar Jayanti, and the markets will be closed tomorrow for Good Friday.
Among the Sensex 30 stocks, Eternal, also known as Zomato, rose 4.4 percent. ICICI Bank, Bharti Airtel, and Sun Pharma all had gains of more than 3.5 percent. SBI, Bajaj Finserv, Kotak Bank, Reliance Industries, Adani Ports, and Axis Bank were the other big winners.
However, the broader indices lagged behind the benchmark indices. The BSE MidCap and SmallCap indexes rose 0.5 percent each.
Meanwhile, in an interview with Business Standard, Tuhin Kanta Pandey, recently appointed chairman of markets regulator Securities and Exchange Board of India (Sebi), expressed confidence that IPO markets will take off soon, citing Sebi’s efforts to engage with foreign portfolio investors (FPIs) and market participants to streamline compliance.
Source: BS
