Sensex ends 1509 points higher on BSE's 150th anniversary; financials lead rally; mid, smallcaps lag
Sensex Today | Stock Market Close Highlights: Nifty surged 4.5% this week to 23,852, its biggest weekly gain since Feb 2021. HDFC Bank, ICICI Bank, Bharti Airtel and Bajaj Finserv hit all-time highs.
 "Indian markets")
Image: Bloomberg
Stock Market LIVE Updates, Thursday, April 17, 2025: Benchmark equity indices extended the winning streak to the fourth straight day backed by strong gains in banking shares and Reliance Industries, even as world markets traded on a mixed note amid the US-China tariff escalation. The BSE Sensex opened 76 points lower at 76,968, and slipped to the day's low of 76,666. The index, thereafter, recouped losses and rallied to a high of 78,617 - up 1,951 points from the day's low. The Sensex finally ended the day with a gain of 1,509 points or 1.96 per cent at 78,553. Incidently, the Bombay Stock Exchange (BSE) today is celebrating its 150th anniversary. The Sensex is the benchmark index of the BSE - Asia's oldest stock exchange. The NSE Nifty 50 index touched a low of 23,299 in intra-day deals, and thereafter zoomed to a high of 23,872. The Nifty eventually settled 414 points or 1.8 per cent higher at 23,852. Key reasons here In the process, the NSE Nifty registered its biggest weekly gain since February 2021 - up 4.4 per cent in just three trading sessions. This week Monday was a trading holiday on account of Dr. Baba Saheb Ambedkar Jayanti, and tomorrow the markets are closed on account of Good Friday. Among the Sensex 30 shares - Eternal, fromerly known as Zomato, surged 4.4 per cent. ICICI Bank, Bharti Airtel and Sun Pharma rallied over 3.5 per cent each. SBI, Bajaj Finserv, Kotak Bank, Reliance Industries, Adani Ports and Axis Bank were the other major gainers. The broader indices, however, lagged the benchmark indices. The BSE MidCap and SmallCap edged 0.5 per cent up each.
Meanwhile, in a conversation with Business Standard, recently appointed chairman of markets regulator Securities and Exchange Board of India (Sebi), Tuhin Kanta Pandey, said he remains sanguine IPO markets will take off soon, even as he highlighted Sebi’s efforts to engage with foreign portfolio investors (FPIs) and market participants to streamline compliance. READ MORE
4:33 PM
Stock Market LIVE Updates: Technical View
The Nifty opened flat to negative note but resume bullish momentum post initial volatility, ultimately settled the day on positive note at 23,852. From a technical perspective, the Nifty has formed a strong bullish candle on both the daily and weekly charts, indicating underlying strength.
Sustaining above the 23,900 level could pave the way for an extended rally towards 24,050, where the 200-Day Simple Moving Average (200-DSMA) is placed. A decisive move above this could open the door for a further upmove towards 24,200. On the downside, immediate support lies at 23,800, followed by 23,500. As long as these levels hold, a 'buy on dips' approach remains advisable.
View by: Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates
Sustaining above the 23,900 level could pave the way for an extended rally towards 24,050, where the 200-Day Simple Moving Average (200-DSMA) is placed. A decisive move above this could open the door for a further upmove towards 24,200. On the downside, immediate support lies at 23,800, followed by 23,500. As long as these levels hold, a 'buy on dips' approach remains advisable.
View by: Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates
3:54 PM
Stock Market LIVE Updates: Market expert view
Stock Market LIVE Updates: A strong rally in large-cap stocks was observed today, primarily driven by financials, amid expectations of improved margins stemming from changes in savings deposit interest rates. Positive sentiment was further supported by a reversal in FII flows, although the sustainability of this trend remains uncertain. Nonetheless, optimism surrounding the domestic market persists, bolstered by the expectation of a favourable outcome from US-India trade negotiations and a relatively minimal disruption from the US-China trade tensions. Additionally, a moderating inflation trajectory towards more comfortable levels is further enhancing market sentiment.
Vinod Nair, head of research at Geojit Investments
3:43 PM
Stock Market LIVE Updates: A glance at broader markets
Stock Market LIVE Updates: In the broader markets, BSE Midcap closed 0.56 per cent up and BSE Smallcap settled 0.52 per cent higher.
3:41 PM
Stock Market LIVE Updates: Index heatmap check
Stock Market LIVE Updates: Barring Maruti Suzuki and Tech Mahindra, all Sensex constituents closed with gains on Thursday. Eternal, ICICI Bank, Sun Pharma, Bharti Airtel and Bajaj Finserv were the top gainers at close.
3:39 PM
Stock Market LIVE Updates: All sectoral indices settle in green
Stock Market LIVE Updates: All sectoral indices settled higher with Nifty Bank, financial services, pharma, healthcare and auto among top gainers, rising up to 2.27 per cent
3:34 PM
Stock Market LIVE Updates: Nifty50 closes at 23,851.65, up 414 pts
Stock Market LIVE Updates: NSE Nifty50 settled at 23,851.65, up 414.45 points or 1.77 per cent.
3:32 PM
Stock Market LIVE Updates: Sensex closes at 78,553.20, up 1,508 pts
Stock Market LIVE Updates: Paring opening losses, the BSE Sensex closed at 78,553.20, up 1,508.91 points or 1.96 per cent.
3:23 PM
Stock Market LIVE Updates: Adani Ports shares soar 4% ahead of board meet for preferential issue
Stock Market LIVE Updates: Shares of Adani Ports and Special Economic Zone (APSEZ) have moved higher by 4 per cent to ₹1,281.20 on the BSE in Thursday’s intra-day trade ahead of the board meeting today to consider a proposal for issuance of equity shares of the company by way of preferential issue. The stock price of the Gautam Adani-led company is quoting higher for the sixth straight trading day, having rallied 15 per cent during the period.
“A meeting of the board of directors of the Company is scheduled to be held on April 17, 2025, to, inter alia, consider a couple of matters, one of which is a proposal for issuance of equity shares of the company by way of preferential issue,” APSEZ said in an exchange filing on April 14. READ MORE
3:10 PM
Stock Market LIVE Updates: Lloyds Engineering shares rise 3% after announcing ₹987-cr rights issue
Stock Market LIVE Updates: Shares of Lloyds Engineering Works advanced 3.16 per cent to ₹62.99 apiece on the National Stock Exchange (NSE) during intra-day trade on Thursday, April 17, 2025.
The uptick in Lloyds Engineering's share price came after the company announced that its board has declared a rights Issue of 30,85,17,476 equity shares on a partly paid-up basis, aggregating up to ₹987.25 crore. The company, in an exchnage filing, has said that it has fixed the rights Issue Price at ₹32 per equity share when fully paid up (including a premium of ₹31 per rights equity share). READ MORE
3:01 PM
At 3 PM, the BSE Sensex was higher by 1,521.94 points, or 1.98 per cent, at 78,566.23, and the Nifty50 was at 23,861.15, higher by 423.95 points, or 1.81 per cent.
Stock Market LIVE Updates: 3 pm market update - Sensex, Nifty gain
Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 are trading higher after paring their opening losses on Thursday.
At 3 PM, the BSE Sensex was higher by 1,521.94 points, or 1.98 per cent, at 78,566.23, and the Nifty50 was at 23,861.15, higher by 423.95 points, or 1.81 per cent.
2:56 PM
No trading or settlement activities, including equities, derivatives, and securities lending and borrowing (SLB) segments, will take place on NSE and BSE this Friday.
Stock Market LIVE Updates: Stock market holiday 2025: Will BSE, NSE remain closed on Good Friday?
Stock Market LIVE Updates: The Indian stock market will remain closed for three consecutive days, as both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will shut operations on Friday, April 18, 2025, in observance of Good Friday, followed by the weekend. Regular trading will resume on Monday, April 21, 2025.
No trading or settlement activities, including equities, derivatives, and securities lending and borrowing (SLB) segments, will take place on NSE and BSE this Friday.
The next stock market holiday after Good Friday is scheduled for May 1, 2025, in recognition of Maharashtra Day. Below is a list of stock market holidays for 2025. READ MORE
2:43 PM
Stock Market LIVE Updates: Dividend, bonus, split: Sanofi India, 7 others to go ex-date next week
Stock Market LIVE Updates: Investors on Dalal Street are expected to closely monitor the shares of Sanofi India, Schaeffler India, Muthoot Finance, and five other companies as their ex-dates approach next week, following corporate actions like dividends, bonus issues, and stock subdivisions. The additional companies include Captain Technocast, CIE Automotive India, Elantas Beck India, Huhtamaki India, and Ami Organics.
According to BSE data, Schaeffler India, CIE Automotive India, and Elantas Beck India have announced final dividends of ₹18 per share, ₹7 per share, and ₹7.50 per share, respectively. Their shares are set to turn ex-dividend on April 23, 2025, which also serves as the record date for these payouts. READ MORE
2:34 PM
These shares were initially granted to Sharma under the One97 Communications employee stock option plan (ESOP) during the company’s listing. Based on Paytm's April 16 closing price of ₹864.95, the ESOPs are valued at over ₹1,800 crore.
Stock Market LIVE Updates: Paytm falls 2% after Vijay Shekhar Sharma surrenders 21 million ESOPs
Stock Market LIVE Updates: Shares of One97 Communications, the parent company of Paytm, fell over 2 per cent on Thursday, reaching an intraday low of ₹848. This decline followed the announcement that managing director and CEO Vijay Shekhar Sharma had voluntarily surrendered 21 million shares.
These shares were initially granted to Sharma under the One97 Communications employee stock option plan (ESOP) during the company’s listing. Based on Paytm's April 16 closing price of ₹864.95, the ESOPs are valued at over ₹1,800 crore.
In an exchange filing, the company revealed that during its April 16, 2025, meeting, the Nomination and Remuneration Committee (NRC) acknowledged Sharma’s decision to forgo all 21 million ESOPs under the One97 Employees Stock Option Scheme, 2019, with immediate effect. READ MORE
2:24 PM
Stock Market LIVE Updates: Venus Remedies shares climb 14% after US FDA grants QIDP status to VRP-034
Stock Market LIVE Updates: Shares of Venus Remedies saw strong demand on Thursday, April 17, 2025, surging 14.07 per cent to ₹356.65 per share during intra-day trading on the NSE.
The sharp rise in the stock price followed the announcement that the company's investigational product, VRP-034, had received Qualified Infectious Disease Product (QIDP) designation from the US Food and Drug Administration (FDA). The designation is for the treatment of bloodstream infections caused by polymyxin B (PMB)-susceptible strains in adults. READ MORE
2:12 PM
During the session, the stock slid by 3.1 per cent to an intraday low of ₹3,664.3 per share, marking its sharpest intraday decline since April 7 this year. By 11:13 AM, the stock recovered slightly, trading 2.4 per cent lower at ₹3,690 apiece, while the benchmark Nifty 50 saw a marginal dip of 0.02 per cent.
Stock Market LIVE Updates: Hero MotoCorp shares fall 3% after temporary production halt at four plants
Stock Market LIVE Updates: Hero MotoCorp shares dropped over 3 per cent on Thursday following the company's temporary suspension of production at four manufacturing plants.
During the session, the stock slid by 3.1 per cent to an intraday low of ₹3,664.3 per share, marking its sharpest intraday decline since April 7 this year. By 11:13 AM, the stock recovered slightly, trading 2.4 per cent lower at ₹3,690 apiece, while the benchmark Nifty 50 saw a marginal dip of 0.02 per cent.
Thursday marked the second consecutive day of losses for Hero MotoCorp’s stock, which has declined 11.5 per cent year-to-date, compared to a 1.01 per cent drop in the Nifty 50. The company’s current market capitalisation stands at ₹73,687.9 crore, according to BSE data. READ MORE
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First Published: Apr 17 2025 | 7:49 AM IST
