The market grows for the fourth day as investors bounced after foreign investors returned to domestic equity. File | Photo Credit: Niharika Kulkarni
Benchmark indices Sensex and Nifty rose by nearly 2% on Thursday (April 17, 2025), registering their fourth day rally, as investors bounced between expectations on mutual tariffs at the mutual tariff in the UN-Japanese business talks after investors returned to domestic equities.
The 30-Sare BSE benchmark Sensex made a jump of 1,508.91 points or 1.96% to regain the level of 78,000. It finally settled at 78,553.20. During the day, it rose 1,572.48 points or 2.04% to 78,616.77.
NSE Nifty increased by 414.45 points or 1.77% to 23,851.65.
From Sensex FIMMS, eternal, ICICI Bank, Bharti Airtel, Sun Pharma, State Bank of India, Bajaj Finserv, Kotak Mahindra Bank and Reliance Industries were among the biggest beneficiaries.
Tech Mahindra and Maruti were Lagard.
According to exchange data, foreign institutional investors (FII) bought equity worth ₹ 3,936.42 crore on Wednesday (April 16, 2025). On Tuesday (April 15, 2025), FII bought equities for ₹ 6,065.78 crore.
Among the Asian markets, South Korea’s Kospi Index, Tokyo’s Nikkei 225, Shanghai SSE Composite Index and Hong Kong’s Hong Seng Netfelt.
European markets were trading in a negative region.
The American markets decreased significantly on Wednesday (April 16, 2025).
The United States and Japan are currently holding trade talks on mutual tariffs, the aim is to make a deal soon.
“A strong rally in large-cap shares was seen today, which was mainly operated by financial, stems from changes in savings deposit interest rates among the expectations of better margins. The positive spirit was supported by a reversal in the FII flow, although the stability of this trend is uncertain.
“Nevertheless, optimism around the domestic market remains, with the expectation of favorable results from the US-India trade dialogue and the expectation of relatively minimal disruption from the US-China trading stresses. In addition, more comfortable levels increase the spirit of a moderate inflation trajectory market towards more comfortable levels,” Vinod Neer, Jijit Limited said.
Global Oil Benchmark Brent crude climbed 0.94% to $ 66.47 per barrel.
On Wednesday (April 16, 2025), the BSE Sensex rose to 309.40 points or 0.40% to settle at a two -week high of 77,044.29 in an unstable session, defying the trend of a weak global market. The Nifty rose from 108.65 points or 0.47% to 23,437.20.
The stock markets for ‘Good Friday’ will remain closed on Friday (April 18, 2025).
Published – 17 April, 2025 04:36 pm IST
