• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

Indian markets close: Sensex soars 1,509 points, Nifty closes at 23,850 as bulls extend rally to fourth day

by April 18, 2025
by April 18, 2025

Indian stock markets continued their robust upward trajectory on Thursday, April 17, capping off a fourth consecutive session of gains with significant advances across the board.

Buoyed by strong buying interest, particularly in financial stocks, and supported by positive global cues, the benchmark indices closed firmly in positive territory, reaching notable milestones.

The bullish sentiment was palpable throughout the trading day. At the closing bell, the BSE Sensex stood tall at 78,553.20, having surged an impressive 1,508.91 points, or 1.96%.

The broader NSE Nifty 50 index mirrored this strength, climbing 414.45 points, or 1.77%, to settle comfortably at 23,851.65.

Market breadth was decidedly positive, with approximately 2,340 shares advancing compared to 1,468 decliners on the BSE, while 149 shares remained unchanged.

This broad participation added heft to the rally, pushing the total market capitalization of BSE-listed firms up by a substantial Rs 4.33 lakh crore to Rs 419.33 lakh crore, according to media reports.

Financials and banks lead the charge

Spearheading the day’s advance were banking and financial stocks.

The Bank Nifty index climbed nearly 2.2%, propelled by strong buying in heavyweight constituents like HDFC Bank and ICICI Bank.

Significantly, these gains materialized just ahead of the banks’ scheduled release of their fourth-quarter earnings on April 19.

The collective contribution of key banking players – HDFC Bank, ICICI Bank, Axis Bank, SBI, and Kotak Mahindra Bank – accounted for a massive 730 points of the Sensex’s overall 1,500-point surge, highlighting their pivotal role in the rally.

Adding significant fuel to the fire was the sustained buying interest from Foreign Institutional Investors (FIIs).

Data showed FIIs remained net buyers for the second day running, snapping up Indian equities worth Rs 3,936 crore on Wednesday.

This brought their total net purchases over just two days to more than Rs 10,000 crore, signaling robust confidence in the Indian market outlook.

Supportive global backdrop and trade talk optimism

Positive cues also emanated from the international stage.

Asian markets generally rose as investors assessed ongoing trade negotiations between the United States and Japan.

While overarching uncertainty regarding President Donald Trump’s tariff policies kept sentiment somewhat fragile, signs of progress offered support.

Japan’s Nikkei index gained 1.35% as talks commenced, with President Trump unexpectedly joining the discussions and declaring “big progress” alongside Japanese negotiator Ryosei Akazawa.

Weaker dollar and stable oil lend support

A depreciating US dollar further bolstered sentiment towards emerging markets like India, as a weaker greenback typically encourages foreign capital inflows and supports the domestic currency.

The dollar index stood near 99.57 on Thursday, down significantly from levels around 109.88 seen in early February, lifting risk appetite.

Furthermore, relative stability in global oil markets provided comfort. With Brent crude hovering around $66.46 a barrel and US WTI near $63.2, concerns about import-driven inflation eased somewhat.

Lower crude prices are generally beneficial for India, a major oil importer, helping alleviate pressure on its current account deficit and inflation.

The continued positive sentiment stemming from President Trump’s earlier decision to postpone additional tariffs on many countries, including India, until July 9, also contributed to the supportive market environment.

Sectoral strength and stock movers

The bullishness was widespread across sectors, with all major indices ending in the green.

Telecom, PSU Banks, Oil & Gas, Pharma, Auto, Energy, and Private Banks posted gains ranging from 1% to 2%. Midcap and Smallcap indices also participated, each adding 0.5%.

The post Indian markets close: Sensex soars 1,509 points, Nifty closes at 23,850 as bulls extend rally to fourth day appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Sainsbury’s shares rise as profit tops £1bn; analysts flag cautious guidance amid price war risks
next post
Congress Must Take Back Control Over Tariffs

Related Posts

Apollo backs £4.5bn loan for delayed Hinkley Point...

June 21, 2025

Audi weighs $4.6 billion US plant amid tariff...

June 21, 2025

Tesla stock gains ahead of robotaxi launch: analyst...

June 21, 2025

BofA raises STOXX 600 target amid resilient global...

June 21, 2025

XRP price stuck under $3: can it finally...

June 21, 2025

Elon Musk confirms Tesla Robotaxi pilot launching in...

June 21, 2025

Palantir co-founder: US must prevent Iranian nukes

June 21, 2025

Tesla to build China’s largest grid-scale battery storage...

June 21, 2025

Why First Solar stock remains a raging buy...

June 21, 2025

Goldman Sachs names top 3 autonomous vehicle stocks...

June 21, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Trump’s Dilemma: Can He Be Anti-Iran and Anti-War?

    June 21, 2025
  • Exploring Royal Mail’s Use of Ambient IoT Technology with Wiliot

    June 21, 2025
  • Trump’s Dilemma: Can He Be Anti-Iran and Anti-War?

    June 21, 2025
  • Apollo backs £4.5bn loan for delayed Hinkley Point C nuclear plant

    June 21, 2025
  • Audi weighs $4.6 billion US plant amid tariff pressure from Trump

    June 21, 2025
  • Tesla stock gains ahead of robotaxi launch: analyst sees 50% upside ahead

    June 21, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 6

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (1,557)
  • Editor's Pick (164)
  • Investing (185)
  • Stock (1,011)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Weak Q2 guidance drags Intel shares; analysts...

April 26, 2025

Peloton stock price has crashed: buy the...

March 24, 2025

Lloyds share price outlook ahead of earnings:...

April 24, 2025