- By Aditya Pratap Singh
- Thu, 17 Apr 2025 04:01 PM (IST)
- Source:JND
Stock Market Today: The domestic equity benchmark indices ended the day in positive territory for the third day in a row on Thursday amid buying in banking and blue-chip stocks. Sensex, the 30-share index of BSE, rose 1,508.91 points or 1.96% to close at 78,553.20, while Nifty50, the benchmark of top 50 shares on NSE, zoomed 1.77% of 444.45 points to settle at 23,851.65.
Among the broader indices, Bank Nifty surged 2.21% to close at 54,290.20, with all participants ending trade in green except IDFC First Bank. In Addition, Nifty Auto index rose over 1%, Nifty Financial Services zoomed over 2,2%. Meanwhile, the Nifty IT index experienced some constraints amid a fall in Wipro and Tech Mahindra.
Top Gainers And Losers
Among Sensex Stock Enternal, ICICI Bank, Bharati Airtel, Sunpharma, SBI, Bajaj Finserve And Kotak Bank were top gainers. Maruti And tech Mahindra were closed in negative territory.
Why the Stock Market Rallied Today
Global markets rally - Asian markets traded in positive territory, giving strong signals to Indian markets. Japan's Nikkei 225 rose 1.32%, South Korea's KOSPI rose over 1%, and Hong Kong's Hang Seng also rose over 1%. Wall Street futures also pointed to a strong start for US markets.
Rupee trades strong - In the fourth session, the rupee rose 10 paise to 85.54 against the US dollar. The strength of the domestic currency, supported by steady foreign inflows and a weaker greenback globally, bolstered sentiment.
FII buying - Foreign institutional investors were net buyers for the second consecutive day as Rs. 3,936 crores entered Indian equities on Wednesday. Domestic institutional investors (DIIS) registered gains of Rs. 2,513 crore.
Bluechips Buy - Large-cap stocks saw significant buying interest, with shares like Bharti Airtel, Zomato (Eternal), ICICI Bank, SBI and Sun Pharma rose significantly in Intraday trade.