Indian stock markets extended their rally for the third consecutive session on Wednesday, driven by strong buying in financials—especially private banks—and select oil & gas stocks.
The BSE Sensex opened with a 262-point gain at 76,996 but briefly turned negative, dipping to 76,544 following weak global sentiment amid escalating US-China trade tensions. The drop came after U.S. President Donald Trump threatened tariffs as high as 245% on Chinese imports in response to China’s retaliatory measures.
Despite early losses, the Sensex recovered sharply, touching an intraday high of 77,110—marking a swing of 556 points from the day’s low. It eventually closed 309 points higher at 77,044, registering a 0.4% gain. The index has now advanced 3,197 points over the past three trading days.
Meanwhile, the NSE Nifty 50 slipped to a low of 23,273 but rebounded to a peak of 23,452 before ending the day at 23,433—up 104.60 points or 0.45%. The Nifty has surged by 1,038 points during the recent three-day rally.
Here are the top gainers and losers of the day:
Symbol | Open | High | Low | LTP | %chng |
INDUSINDBK | 747 | 794.4 | 733 | 785.5 | 6.74 |
AXISBANK | 1,122.70 | 1,163.50 | 1,112.60 | 1,161.00 | 4.33 |
ONGC | 232.69 | 242 | 231.72 | 240.84 | 3.5 |
TRENT | 4,922.00 | 5,049.50 | 4,852.00 | 5,042.00 | 3.38 |
ADANIPORTS | 1,210.00 | 1,235.50 | 1,201.60 | 1,235.50 | 2.04 |
Symbol | Open | High | Low | LTP | %chng |
MARUTI | 11,768.00 | 11,768.00 | 11,615.00 | 11,665.00 | -1.6 |
HINDALCO | 618.15 | 619.35 | 602 | 609.65 | -1.29 |
TATAMOTORS | 625 | 625 | 613.6 | 616.1 | -0.98 |
INFY | 1,425.00 | 1,427.50 | 1,396.80 | 1,412.20 | -0.97 |
NTPC | 362.5 | 363 | 357.9 | 359.35 | -0.87 |
Despite global headwinds from escalating US-China trade tensions, Indian equity markets remained resilient, buoyed by strong buying in banking and energy stocks. The sustained rally over the past 3 sessions reflects investor confidence in domestic fundamentals, especially in the financial sector. However, volatility driven by global developments may continue to influence short-term market sentiment.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 16, 2025, 4:11 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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