The image used for the purpose of representation. , Photo Credit: PTI
Equity benchmark indices sense and Nifty decreased after a seven -day rally on Thursday (April 24, 2025) and decreased after disappointing earnings from Hindustan Unilever.
Blue-Chips ICICI Bank, Bharti Airtel and Asian and European equity to sell to a large extent in silence also draws less to the markets.
The 30-Sare BSE benchmark fell by 315.06 points or 0.39%, settling at 79,801.43. During the day, it fell 391.94 points or 0.48% to 79,724.55.
The NSE Nifty went below 82.25 points or from 0.34% to 24,246.70.
In the last seven trading days, BSE benchmark gauge rose 6,269.34 points or 8.48% and Nifty 1,929.8 points or 8.61%.
From Sensex FIMMS, FMCG Major Hindustan Unilever Limited (HUL) fell 4% to 4% when the firm recorded a decline of 3.35% in consolidated net profit at ₹ 2,475 crore for the fourth quarter ended on 31 March 2025 on the lower margin.
Bharti Airtel, ICICI Bank, Eternal, Mahindra and Mahindra, HCL Technologies, HDFC Bank, Kotak Mahindra Bank, Tata Consultancy Services and Bajaj Finance were also in legords.
Nestle India Limited on Thursday recorded a 6.5% decline in consolidated net profit for ₹ 873.46 crore for the March quarter of FY 25 as the FMCG industry faced food inflation and moderation in urban consumption.
IndusInd Bank, UltraTech Cement, Tata Motors, Tech Mahindra, Titan and Asian Paints were among the beneficiaries.
“Light profit-booking was observed after the rally in the domestic market recently. Similarly, global markets also experienced sales pressure as the market participants left behind the possibility of quick resolution of tariff disputes between the US and China.
“Q4 results of FMCG Major were weak, influenced by subdued volume and margin pressure, which inspired the sector to underpare,” Vinod Nair, head of research, Geologet Investments Limited.
In the Asian markets, South Korea’s Kospi Index and Hong Kong’s Hang Seng were reduced, while Tokyo’s Nikkei 225 and Shanghai SSE Composite ended in the positive field.
European markets were rarely quoted.
The US markets ended rapidly on Wednesday. The NASDAQ composite increased by 2.50%, S&P 500 by 1.67%and Dow Jones Industrial Average climbed 1.07%.
Global oil benchmark brant crude was 0.03% dump to $ 66.10 per barrel.
According to exchange data, foreign institutional investors (FII) on Wednesday bought a price of ₹ 3,332.93 crore.
The BSE benchmark jumped at 80,116.49, 520.90 points or 0.65% at the highest closing level since 18 December on Wednesday. The Nifty held rallies from 161.70 points or 0.67% to 24,328.95.
Published – April 24, 2025 05:50 pm IST
