Indian equity markets ended the day on a positive note, with the BSE Sensex gaining 309.40 points to close at 77,044.29, while the NSE Nifty rose 108.65 points to settle at 23,437.20.
On April 16, the stock market saw notable gains among key players, with IndusInd Bank leading the top gainers list, surging by 6.74% to close at ₹785.50. Axis Bank followed with a strong 4.33% rise, ending the session at ₹1,161.00. ONGC also posted solid gains, climbing 3.50% to finish at ₹240.84. These stocks outperformed the broader market, reflecting strong investor interest and momentum.
On April 16, Maruti Suzuki led the top losers of the day, witnessing a 1.60% drop, closing at ₹11,665. Hindalco followed with a 1.29% decline, finishing at ₹609.65. Tata Motors also saw a decrease, dropping by 0.98% to end the day at ₹616.10. These stocks experienced downward pressure amidst market volatility.
Banking stocks remained the top gainers on Wednesday, while sectors like metal, IT, auto, and oil & gas saw some selling pressure.
The Nifty Midcap 100 index remained steady at 52,179.05, while the Nifty Smallcap 100 rose by 0.70% to close at 16,292.85.
India VIX dropped by 4.68%, settling at 15.37.
Crude oil prices saw a rise, with WTI Crude increasing by 0.95% to US$61.91, Brent Crude up 0.93% at US$65.27, and Murban Crude gaining 0.86% to reach US$66.60.
In conclusion, the Indian stock market ended on a positive note with strong performances from banking stocks, particularly IndusInd Bank and Axis Bank. Despite selling pressure in sectors like auto and metal, the broader market remained steady, showing resilience. Investors will be keen to monitor future market trends.
Read more on: USD/INR: Indian Rupee Climbs as Investors Brace for US Retail Sales, Fed Talk
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, 5:14 PM IST
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