On Wednesday (April 16, 2025), Sensx and Nifty shut down higher for the third straight day. , Photo Credit: PTI
Equity benchmark Index Sensex and Nifty closed higher for the third straight day on Wednesday (April 16, 2025), after purchasing in blue-chip banking stock and sliding for six years of climbing as retail inflation in the form of fresh foreign fund inflows increased expectations.
Describing the trend of a weak global market, the 30-shyer BSE Sensx climbed 309.40 points or 0.40% to settle at a two-week high 77,044.29 in an unstable session. During the day, it scored 566.46 points to high of 77,110.23 and lowest level of 76,543.77.
NSE Nifty held rallies from 108.65 points or 0.47% to 23,437.20.
From Sensex shares, IndusInd Bank jumped 7.12%. Axis Bank, Adani Ports, Asian Paints, Bharti Airtel, State Bank of India and ITC were also among the beneficiaries.
Maruti, Infosys, Tata Motors, Larsen and Toubro, NTPC and Bajaj were among the Finance Legords.
According to exchange data, foreign institutional investors (FII) replaced buyers after the days of selling as they bought a price of ₹ 6,065.78 crore on Tuesday (April 15, 2025).
“Globally, the markets are undergoing fresh consolidation as tariff tension is intensifying … Amidst the global weakness, the Indian market demonstrated a mild positive feeling in anticipation that the business fight between the US and China will not harm, but will benefit India, and the CPI inflation of March which is a sign of nearly six years rate,” Vinod Near, Head Off.
Domestic, the Q4 FY25 income season has begun on a weak note. Mr. Nair said that overall expectations suggest booking possible benefits at a high level.
Among the Asian markets, South Korea’s Kospi Index, Tokyo’s Nikkei 225 and Hong Kong’s Hong Seng settled. The Shanghai SSE overall index ended more. European markets were rarely quoted. The US markets ended in the negative region on Tuesday.
Global Oil Benchmark Brent crude rose 0.91% to $ 65.22 per barrel.
On Tuesday, a rally for the second straight session, Sensex arranged at 1,577.63 points or 2.10% 76,734.89. The Nifty increased from 500 points or 2.19% to 23,328.55.
Published – 16 April, 2025 04:44 pm IST