Stock Market Highlights: Sensex gains 521 pts, tops 80,000 to close at 2025 high; IT index zooms 4%
Sensex Today | Stock Market Close Highlights: The Sensex has now soared 6,269 pts in the last seven straight days, and Nifty 1,930 pts. IT stocks surged up to 8% led by HCL Technologies on Wednesday.
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Share Market Today: Among sectoral indices, the Nifty IT index was the top gainer, while financials, consumer durables and oil slipped in trade on Wednesday. (Illustration: Binay Sinha)
Stock Market LIVE Updates, Wednesday, April 23, 2025: Benchmark equity indices - the BSE Sensex and the NSE Nifty extended the winning run to seventh straight trading session on Wednesday, backed by solid gains in IT stocks, while banking shares took a breather. Mirroring upbeat cues from overseas market, the BSE Sensex opened with a gap of 548 points at 80,142, and soon jumped to a high of 80,255. The BSE benchmark, thereafter, pared gains and slipped into the negative zone to a low of 79,507 - largely on account of profit-taking in banking shares. The Sensex finally ended the day with a gain of 521 points at 80,116. In the process, the BSE Sensex not only extended its winning streak to the seventh straight trading session, but also closed at a fresh calendar year (2025) high. The benchmark index has now surged 8.5 per cent or 6,269 points in the last seven days. ALSO READ: Will Pahalgam attack impact stock markets? Volatility gauge sees biggest intraday jump since Apr 7 The NSE Nifty 50 index hit a high at 24,359 in opening deals, and then slipped into red to a low of 24,120. The Nifty eventually settled 162 points higher at 24,329, and has rallied 8.6 per cent or 1,930 points in the last seven trading sessions.
The recent rally in the equity markets is partly aided by foreign investors who net bought shares worth ₹17,930 crore in the last five trading sessions.
Among the Sensex 30 shares - HCL Technologies zoomed nearly 8 per cent, and in the process reported its best-ever single day gain since September 2019. The up move was triggered by the company's Q4 earnings, wherein it reported a 8.1 per cent rise in net profit, backed by 6.1 per cent growth in revenue. That apart, Tech Mahindra and Infosys also surged 5 per cent and 4 per cent, respectively. TCS rallied 2.5 per cent. Among others, Tata Motors, Mahindra & Mahindra, Sun Pharma, Tata Steel, Maruti, Nestle India and Larsen & Toubro finished with solid gains. On the other hand, banking shares witnessed some profit-taking - Kotak Mahindra Bank, HDFC Bank, SBI and Axis Bank declined in the range of 1 - 2 per cent. ALSO READ: 5 smallcap stocks to buy with up to 25% upside potential; check full list In the broader market, the BSE MidCap index jumped 1 per cent, while the SmallCap advanced 0.2 per cent. The overall market breadth was marginally positive, with around 2,050 shares advancing as against near about 1,900 declining stocks on the BSE. Sectorally, the Nifty IT index soared 4.3 per cent and was the top gainer on Wednesday. The Auto index rallied 2.5 per cent; while pharma and realty added 1.4 per cent each. On the flip side, the Nifty Consumer Durables and Financial indices finished in the negative zone.
3:58 PM
Stock Market LIVE Updates: Technical view
Stock Market LIVE Updates: The Nifty remained volatile after an optimistic start, supported by positive global cues. Although the sentiment remains upbeat as the index continues to trade above the previous swing high, the formation of a Hanging Man pattern on the daily chart serves as a warning for those holding net long positions. Additionally, the RSI is on the verge of confirming a negative divergence. Going forward, a decline towards the 24,000–23,900 zone appears likely if the Nifty slips below 24,300. On the higher side, resistance is seen at 24,450–24,500.
View by Rupak De, senior technical analyst, LKP Securities.
View by Rupak De, senior technical analyst, LKP Securities.
3:53 PM
Stock Market LIVE Updates: Market expert view
Stock Market LIVE Updates: The Indian equity market sustained its positive momentum, driven by better outcome from the latest set of IT results and optimistic forward-looking comments. However, profit booking was visible in financials after the recent sharp rally. While US-China trade tensions appear to be easing, a rally in US tech stocks has further bolstered overall global market sentiment. The mixed domestic Q4 earnings and uptick in crude prices, along with the recent outperformance of the domestic market, can trigger some consolidation in the near term.
View by Vinod Nair, head of research, Geojit Investments Limited.
View by Vinod Nair, head of research, Geojit Investments Limited.
3:38 PM
Stock Market LIVE Updates: A glance at broader market
Stock Market LIVE Updates: BSE Midcap finished nearly 1 per cent higher and BSE Smallcap closed 0.26 per cent higher.
3:37 PM
Stock Market LIVE Updates: Gainers and losers at close
Stock Market LIVE Updates: Tech Mahindra, HCLTech, Tata Motors were among the top gainers on Sensex.
3:35 PM
Stock Market LIVE Updates: Nifty50 settles at 24,328.95, up 162 pts
Stock Market LIVE Updates: NSE Nifty50 settled at 24,328.95, up 161.7 points or 0.67 per cent.
3:33 PM
Stock Market LIVE Updates: Sensex closes at 80,116.49, 521 pts higher
Stock Market LIVE Updates: BSE Sensex closed at 80,116.49, up 520.9 points or 0.65 per cent.
3:22 PM
Stock Market LIVE Updates: Consumer durables shares Voltas, Blue Star down up to 5%; here's why
Stock Market LIVE Updates: Shares of consumer durables companies like Voltas, Blue Star, Havells India, and Crompton Greaves Consumer Electricals are down by up to 5 per cent on the BSE in Wednesday’s intra-day trade in an otherwise firm market.
As of 02:14 PM, the BSE Consumer Durables index, the top loser among sectoral indices, was down 1.1 per cent or 645 points at 58,091.96, as compared to a 0.56 per cent or 432 points gain in BSE Sensex at 80,027. Read more
3:11 PM
Stock Market LIVE Updates: Schaeffler India share price declines 4% on ex-dividend date; details here
Stock Market LIVE Updates: Shares of auto components and equipment manufacturer Schaeffler India declined 3.66 per cent to log an intra-day low of ₹3,214 per share on the National Stock Exchange (NSE) on Wednesday, April 23.
The company's shares continue to trade lower. At 2:22 PM on Wednesday, Schaeffler India shares were quoted trading at around ₹3,259.80 apiece, down 1.46 per cent from its previous close on the NSE. Read more
3:01 PM
Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade higher
Stock Market LIVE Updates: Indian benchmark equity indices, BSE Sensex and Nifty50 were trading higher on Wednesday, amid mixed global cues.
At 3 PM, the BSE Sensex was higher by 523.97 points, or 0.66 per cent, at 80,119.56, and the Nifty50 was at 24,323.55, higher by 156.30 points, or 0.65 per cent.
2:55 PM
Stock Market LIVE Updates: Breakout alert: This Adani group stock can gain 30%; buy or sell the rally?
Stock Market LIVE Updates: Shares of Adani Power have surged 13.6 per cent in April so far, with the stock rallying 26 per cent from its April 7 low of ₹462 to hit a high of ₹584 on Wednesday.
As of the latest session, Adani Power was trading 0.8 per cent higher at ₹577, while the NSE benchmark Nifty 50 index posted a 0.4 per cent gain, reaching 24,250.
The recent rally in the stock is largely driven by increasing investor interest in the power sector amid rising electricity demand during the summer season. READ MORE
2:45 PM
Stock Market LIVE Updates: Why did M&M Financial slip 4% post Q4 results? Here's what brokerages say
Stock Market LIVE Updates: Shares of M&M Financial Services declined over 4 per cent on Wednesday, hitting an intraday low of ₹265.20, after the company reported weaker-than-expected Q4FY25 results.
As of 12:40 PM, the stock was trading at ₹268.90, down 2.98 per cent on the National Stock Exchange (NSE), while the benchmark Nifty50 index gained 0.21 per cent to 24,218.35, up 51.10 points. The stock has dropped nearly 23 per cent from its 52-week high of ₹343, recorded on September 27, 2024. The company’s total market capitalisation stood at ₹33,223.40 crore. READ MORE
2:33 PM
Stock Market LIVE Updates: Tech Mahindra Q4 results: check date, time, expectations, dividend
Stock Market LIVE Updates: Tech Mahindra is expected to report flat sequential growth in revenue and margins, while analysts tracked by Business Standard anticipate a 10 per cent quarter-on-quarter (Q-o-Q) increase in net profit for the fourth quarter.
The IT giant will release its Q4 earnings on Thursday, April 24, following subdued sequential growth and cautious guidance from industry peers Infosys, Wipro, and HCL Technologies, amid ongoing global trade uncertainties. READ MORE
2:21 PM
Analysts anticipate subdued performance for the quarter, projecting a 6.5 per cent year-on-year (Y-o-Y) revenue growth to ₹40,715 crore. However, profit after tax (PAT) is expected to decline 3.3 per cent Y-o-Y to ₹3,749.37 crore.
Meanwhile, an average of four brokerages estimate that earnings before interest, taxes, depreciation, and amortisation (Ebitda) will rise 3 per cent Y-o-Y to ₹4,827 crore.
Stock Market LIVE Updates: Maruti Suzuki Q4 preview: What analysts expect on revenue, PAT, guidance?
Stock Market LIVE Updates: Maruti Suzuki Q4FY25 Earnings Preview: Maruti Suzuki India is set to announce its financial results for the fourth quarter of FY25 on Friday, April 25, 2025.
Analysts anticipate subdued performance for the quarter, projecting a 6.5 per cent year-on-year (Y-o-Y) revenue growth to ₹40,715 crore. However, profit after tax (PAT) is expected to decline 3.3 per cent Y-o-Y to ₹3,749.37 crore.
Meanwhile, an average of four brokerages estimate that earnings before interest, taxes, depreciation, and amortisation (Ebitda) will rise 3 per cent Y-o-Y to ₹4,827 crore.
Investors will be closely watching the company's forward guidance and commentary on demand trends, input costs, and margin outlook. READ MORE
2:13 PM
Stock Market LIVE Updates: Aurobindo Pharma in focus: Why has the stock gained 3% in trade today?
Stock Market LIVE Updates: Shares of Aurobindo Pharma rose 2.9 per cent on Wednesday, reaching an intraday high of ₹1,222.9 on the BSE, following final approval from the US Food & Drug Administration (US FDA) for its subsidiary, Eugia Pharma Specialities, to manufacture and market Dasatinib tablets.
According to the filing, Dasatinib tablets are prescribed for newly diagnosed adults with Philadelphia chromosome-positive (Ph+) chronic myeloid leukemia (CML) in the chronic phase. They are also indicated for adults with chronic, accelerated, or blast-phase Ph+ CML who have developed resistance or intolerance to prior treatments, including imatinib, as well as for adults with Ph+ acute lymphoblastic leukemia (ALL) who have not responded to previous therapies. READ MORE
2:03 PM
At 2 PM, the BSE Sensex was higher by 422.17 points, or 0.53 per cent, at 80,017.76, and the Nifty50 was at 24,292.65, higher by 125.40 points, or 0.52 per cent.
Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade higher
Stock Market LIVE Updates: Indian benchmark equity indices, BSE Sensex and Nifty50 were trading higher on Wednesday, amid mixed global cues.
At 2 PM, the BSE Sensex was higher by 422.17 points, or 0.53 per cent, at 80,017.76, and the Nifty50 was at 24,292.65, higher by 125.40 points, or 0.52 per cent.
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First Published: Apr 23 2025 | 7:29 AM IST
