Stock Market Close Highlights: Sensex up for 3rd day, gains 309 pts, Nifty at 23,437; banks shine
Sensex Today | Stock Market Close Highlights: The Sensex gained 3,197 points in last 3 trading days, Nifty added 1,038 points. Broader indices outperformed on Wednesday, breadth 2:1 in favour of bulls
 "Sensex, BSE, stock markets")
Sensex, BSE, stock markets
Stock Market LIVE Updates, Wednesday, April 16, 2025: Indian benchmark equity indices extended the winning streak to the third straight day backed by keen buying support in financial shares, mainly private banks and select oil & gas stocks. The BSE Sensex opened 262 points higher at 76,996, but soon erased gains and slipped into red to a low of 76,544 amid weak cues form Asian markets as the US-China trade war intensified. The US President Donald Trump has now threatened China with up to 245 per cent tariff on imports for its retaliatory actions. The Sensex, however, recouped losses and rallied to a high of 77,110 - up 556 points from the day's low. The BSE benchmark index eventually ended with a gain of 309 points or 0.4 per cent at 77,044. In the process, the Sensex has now rallied 3,197 points in the last three straight trading sessions. Similarly, the NSE Nifty 50 index hit a low at 23,273, and then scaled a high of 23,452. The Nifty ended close to the day's high at 23,433 - up 104.60 points or 4.5 per cent. The Nifty has jumped by 1,038 points in the last three days. However, equity markets in the neighbouring Asian countries wilted under selling pressure. Hang Seng and Taiwan plunged almost 2 per cent each. Kospi and Nikkei were down over 1 per cent. China's Shanghai Composite index, however, finished 0.3 per cent higher. Back home, IndusInd Bank was the top gainer among the Sensex 30 shares. The stock surged nearly 7 per cent after PwC, an external agency appointed to validate its internal review of identified discrepancies in its derivatives portfolio submitted its report, pegging the losses at slightly lower. That apart, Axis Bank rallied 4 per cent. Adani Ports, Asian Paints, Bharti Airtel, SBI and ITC advanced 1 - 2 per cent each. On the other hand, Maruti slipped 1.5 per cent. Infosys, Tata Motors, Bajaj Finance, Larsen & Toubro and Sun Pharma were the other notable losers. The broader indices outperformed the benchmark today. The BSE MidCap jumped 0.6 per cent, while the SmallCap spurted by 0.9 per cent. The overall market breadth too was largely in favour of the bulls, with more than 2 advancing shares for every declining stock on the BSE. A total of 347 stocks were locked at the upper circuit, while 134 hit the lower limit on Wednesday.
3:59 PM
Stock Market LIVE Updates: Market expert view
Stock Market LIVE Updates: Globally, markets are undergoing fresh consolidation as tariff tensions intensify, with the US increasing tariffs to 245 per cent on Chinese goods. Amidst global weakness, the Indian market exhibited a mild positive sentiment in anticipation that the trade fight between the US and China will not harm but benefit India, and March's CPI inflation which is at a 5-year low is indicative of further rate cuts in the near future. Domestically, the Q4 FY25 earnings season has started on a weak note. Overall expectations remain subdued, suggesting potential profit booking at higher levels.
Vinod Nair, head of research at Geojit Investments
Vinod Nair, head of research at Geojit Investments
3:57 PM
Stock Market LIVE Updates: Technical view
Stock Market LIVE Updates: Markets edged higher, gaining nearly half a percent as the recovery phase continued. Following yesterday’s surge, the Nifty traded in a narrow range during the first half of the session. However, renewed buying interest in heavyweight stocks across sectors pushed the index higher in the final hours. As a result, it surpassed the resistance at 23,400 and eventually closed near the day’s high at 23,437.20. With the Nifty now above the 23,400 hurdle, a sustained move could pave the way for a test of the previous swing high around 23,800. Traders are advised to align their positions accordingly, focusing on the sectors that continue to outperform.
Ajit Mishra, senior vice president for research at Religare Broking
3:45 PM
Stock Market LIVE Updates: A glance at broader markets
Stock Market LIVE Updates: In the broader markets, Nifty Midcap 100 closed 0.71 per cent up and Nifty Smallcap 100 settled 1.05 per cent higher.
3:42 PM
Stock Market LIVE Updates: Gainers and losers at close
Stock Market LIVE Updates: From the Sensex constituents, 18 out of 30 stocks settled in green on Wednesday. IndusInd Bank, Axis Bank, Adani Ports, Asian Paints and Bharti Airtel were the top gainers at close.
3:39 PM
Stock Market LIVE Updates: Sectoral indices at close
Stock Market LIVE Updates: Among the sectoral indices, barring Nifty auto, pharma and healthcare, all other sectors settled in green gaining up to 2.37 per cent.
3:35 PM
Stock Market LIVE Updates: Sensex closes at 77,044.29, up 309 pts
Stock Market LIVE Updates: BSE Sensex closed at 77,044.29, up 309.40 points or 0.40 per cent.
3:34 PM
Stock Market LIVE Updates: Nifty50 closes at 23,437.20, up 108 pts
Stock Market LIVE Updates: NSE Nifty50 settled at 23,437.20, up 108.65 points or 0.47 per cent.
3:23 PM
Stock Market LIVE Updates: KFin Tech shares rally 6% on acquisition of Singapore-based Ascent Fund
Stock Market LIVE Updates: Shares of KFin Technologies rallied nearly 6 per cent to ₹1,067 on Wednesday after it announced the acquisition of a 51 per cent stake in Singapore-based Ascent Fund Services for $34.68 million.
The acquisition will be undertaken via subscription of 0.76 million ordinary shares of Ascent Fund and a purchase of 4.52 million ordinary shares of Ascent Fund from its existing shareholders, according to an exchange filing on Wednesday. READ MORE
The acquisition will be undertaken via subscription of 0.76 million ordinary shares of Ascent Fund and a purchase of 4.52 million ordinary shares of Ascent Fund from its existing shareholders, according to an exchange filing on Wednesday. READ MORE
3:14 PM
Stock Market LIVE Updates: KFin Tech shares rally 6% on acquisition of Singapore-based Ascent Fund
Stock Market LIVE Updates: Shares of KFin Technologies rallied nearly 6 per cent on Wednesday after it announced the acquisition of a 51 per cent stake in Singapore-based Ascent Fund Services Pte. Ltd. for $34.68 million.
KFin Tech's stock rose as much as 5.9 per cent during the day to ₹1,067 per share. The stock pared gains to trade 4.6 per cent higher at ₹1,053.8 apiece, compared to a 0.36 per cent advance in Nifty 50 as of 2:44 PM.
Shares of the company rose for the second straight day on Wednesday. The counter has fallen 31 per cent this year, compared to a 0.95 per cent fall in the benchmark Nifty50. KFin Tech has a total market capitalisation of ₹18,171.1 crore, according to BSE data. READ MORE
3:13 PM
Stock Market LIVE Updates: Eicher Motors hits new high on healthy outlook; stock surges 11% in 5 days
Stock Market LIVE Updates: Eicher Motors stock hit a new high of ₹5,628.95, gaining 2 per cent on the BSE in Wednesday's intra-day trade on healthy business outlook. In the past five trading days, the stock has rallied 11 per cent.
Analysts at Kotak Institutional Equities expect Eicher Motors’ (consolidated business) EBITDA to improve 14 per cent YoY on a 24 per cent YoY volume growth in March 2025 quarter (Q4FY25), partly offset by higher marketing and advertisement spends and inferior product (higher mix of Bullet 350) and geographical mixes. READ MORE
Analysts at Kotak Institutional Equities expect Eicher Motors’ (consolidated business) EBITDA to improve 14 per cent YoY on a 24 per cent YoY volume growth in March 2025 quarter (Q4FY25), partly offset by higher marketing and advertisement spends and inferior product (higher mix of Bullet 350) and geographical mixes. READ MORE
3:01 PM
Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade with gains
Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 are trading with gains, amid weakness in global markets following a lower close on Wall Street overnight.
At 3 PM, the BSE Sensex was higher by 307.50 points, or 0.40 per cent, at 77,042.39, and Nifty50 was at 23,428, ahead by 99.45 points, or 0.43 per cent.
2:53 PM
In this rebound, two small-cap stocks—Valor Estate (formerly DB Realty) and Ujjivan Small Finance Bank (SFB)—have demonstrated a notable technical milestone, now trading above their respective 200-Day Moving Average (200-DMA) for the first time in a considerable period.
Stock Market LIVE Updates: These 2 smallcap stocks trade above 200-DMA after 11 months. Time to buy?
Stock Market LIVE Updates: Equity markets in India are showing signs of recovery, with the National Stock Exchange (NSE) Nifty 50 index climbing more than 9 per cent from its recent low of 21,744 on April 7. Similarly, the Nifty SmallCap 250 index has surged 15.6 per cent from its low of 13,315.
In this rebound, two small-cap stocks—Valor Estate (formerly DB Realty) and Ujjivan Small Finance Bank (SFB)—have demonstrated a notable technical milestone, now trading above their respective 200-Day Moving Average (200-DMA) for the first time in a considerable period.
Could this key technical development pave the way for further gains in these small-cap stocks? Here's an in-depth analysis of Valor Estate and Ujjivan SFB, along with key levels to watch. READ MORE
2:43 PM
Analysts at ICICI Securities highlighted that Niva Bupa achieved an impressive compound annual growth rate (CAGR) of 40 per cent in health insurance premiums between FY20 and FY25. The company’s retail market share improved significantly, rising from 4 per cent in FY19 to 9.1 per cent in FY24 and further to 9.4 per cent in the first 11 months of FY25. Looking ahead, the company’s enhanced scale and growing assets under management (AUM) are expected to support margin expansion and earnings growth. READ MORE
Stock Market LIVE Updates: Niva Bupa gains 2 per cent as ICICI Securities initiates coverage, 20% upside seen
Stock Market LIVE Updates: Shares of Niva Bupa Health Insurance Company rose over 3 per cent on Wednesday, reaching an intraday high of ₹77.10, following ICICI Securities’ initiation of coverage with a ‘Buy’ rating. The brokerage has set a target price of ₹90, indicating an upside potential of approximately 20 per cent from the April 15 closing price of ₹74.57 on the National Stock Exchange (NSE).
Analysts at ICICI Securities highlighted that Niva Bupa achieved an impressive compound annual growth rate (CAGR) of 40 per cent in health insurance premiums between FY20 and FY25. The company’s retail market share improved significantly, rising from 4 per cent in FY19 to 9.1 per cent in FY24 and further to 9.4 per cent in the first 11 months of FY25. Looking ahead, the company’s enhanced scale and growing assets under management (AUM) are expected to support margin expansion and earnings growth. READ MORE
2:35 PM
Stock Market LIVE Updates: China faces up to a 245% tariff on imports to the US, says White House
Stock Market LIVE Updates: China now faces tariffs of up to 245% on imports to the United States due to its retaliatory measures, according to a White House statement issued Tuesday evening. The announcement coincided with President Donald Trump signing an executive order to investigate national security risks tied to US dependence on imported critical minerals.
The Trump administration plans to scrutinise mineral imports, directing the Secretary of Commerce to launch a Section 232 investigation under the Trade Expansion Act of 1962 to assess the impact of these imports on America's security. READ MORE
2:26 PM
As of 11:59 AM, the stock was trading 3.09 per cent higher at ₹429.05 per share, while the BSE Sensex edged up by 0.02 per cent to 76,749.43. Landmark Cars has a market capitalisation of ₹1,775.19 crore. Over the past 52 weeks, the stock has fluctuated between a high of ₹808.2 per share and a low of ₹306.05 per share.
Stock Market LIVE Updates: Landmark Cars shares vroom 6% on posting Q4 biz update; Details here
Stock Market LIVE Updates: Landmark Cars shares rose by 5.8 per cent on Wednesday, April 16, 2025, reaching an intraday high of ₹440.45 per share on the BSE. The rally followed the release of the company’s Q4 business update.
As of 11:59 AM, the stock was trading 3.09 per cent higher at ₹429.05 per share, while the BSE Sensex edged up by 0.02 per cent to 76,749.43. Landmark Cars has a market capitalisation of ₹1,775.19 crore. Over the past 52 weeks, the stock has fluctuated between a high of ₹808.2 per share and a low of ₹306.05 per share.
The company’s Q4 business update, published after market hours, reported a 17.31 per cent year-on-year (YoY) increase in total revenue from operations to ₹1,525 crore, compared to ₹1,300 crore the previous year. However, quarter-on-quarter (QoQ), revenue declined by 8.63 per cent. READ MORE
Topics : MARKET WRAP MARKET LIVE MARKETS LIVE MARKETS TODAY share market stock market trading Markets Sensex Nifty BSE NSE equity Q4 Results Gift Nifty
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First Published: Apr 16 2025 | 7:41 AM IST
