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EQUITY
Post Session: Quick Review
Apr-16-2025

Indian equity markets extended their winning streak for third consecutive session on Wednesday, with both the Nifty and Sensex closing near day’s high points. Indices made a cautious start and traded near neutral line, weighed down by weak global cues amid escalating US-China trade tensions. However, during the final hour of trading, markets gained momentum to closed higher, supported by strong foreign fund inflows that helped lift investors sentiments.

Some of the important factors in trade:

FIIs turn net buyers: Some support came with exchange data showing that foreign Institutional Investors (FIIs) turned buyers after days of selling as they bought equities worth Rs 6,065.78 crore on Tuesday.

Retail inflation slips in March: Some optimism came as retail inflation dipped marginally to a nearly six-year low of 3.34 per cent in March due to decline in prices of vegetables, eggs and protein-rich items, raising hope for a third rate cut by the RBI as it remains below the median target of 4 per cent.

India's trade deficit widens in March 2025: Traders overlooked report that India's trade deficit increased sharply in March 2025 to $3.63 billion, as against $1.92 billion in the same month of 2024.

Global front: European markets were trading in red ahead to the European Central Bank's policy meeting on Thursday, with markets widely expecting a 25-basis-point rate cut. Asian markets ended mostly in red after China's Gross domestic product grew 5.4 percent year-on-year. Quarter-on-quarter, the economy grew 1.2 percent in the first quarter but weaker than the expected growth of 1.4 percent.  

The BSE Sensex ended at 77044.29, up by 309.40 points or 0.40% after trading in a range of 76543.77 and 77110.23. There were 18 stocks advancing against 12 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index was up by 0.62%, while Small cap index up by 0.91%. (Provisional)

The top gaining sectoral indices on the BSE were Oil & Gas up by 1.78%, Bankex up by 1.45%, Energy up by 1.25%, PSU up by 1.21% and Telecom up by 1.08%, while Auto down by 0.39%, Capital Goods down by 0.07%, IT down by 0.07% were the few losing indices on BSE. (Provisional)

The top gainers on the Sensex were Indusind Bank up by 6.78%, Axis Bank up by 3.95%, Adani Ports and Special Economic Zone up by 1.98%, Asian Paints up by 1.61% and Bharti Airtel up by 1.21%. On the flip side, Maruti Suzuki down by 1.51%, Infosys down by 1.14%, Tata Motors down by 0.91%, Bajaj Finance down by 0.81% and Larsen & Toubro down by 0.76% were the top losers. (Provisional)

Meanwhile, with recently undertaken supportive regulatory measures, a boost to consumption from tax cuts and softer interest rates, the rating agency Crisil has expected that bank credit to grow up to 13 percent in FY26 compared to 11 percent growth in FY25. It expects corporate credit, which accounts for 41 per cent of the bank books, to grow at 9-10 per cent in FY26, as against 8 per cent in the year-ago period, primarily led by higher disbursements to non-bank finance companies. 

The agency added that the corporate credit growth will also benefit with downstream demand from the ongoing infrastructure buildout, especially from the cement, steel and aluminium sectors. However, Crisil has warned that the ongoing tariff wars could make companies cautious about borrowings.

The rating agency estimates retail credit, which accounts for nearly a third of the overall loans in the system, to grow at 13-14 per cent in FY26 supported by improved affordability in a lower interest rate regime in the largest segment of mortgage loans. It expects small businesses and agriculture loans to witness steady growth at 16-17 per cent and 11-12 per cent. Crisil expects the Reserve Bank of India’s (RBI's) measures on liquidity to help banks on the deposit growth in the new fiscal.

The CNX Nifty ended at 23437.20, up by 108.65 points or 0.47% after trading in a range of 23273.05 and 23452.20. There were 33 stocks advancing against 17 stocks declining on the index. (Provisional)

The top gainers on Nifty were Indusind Bank up by 7.11%, Axis Bank up by 4.36%, ONGC up by 3.67%, Trent up by 3.25% and Asian Paints up by 1.83%. On the flip side, Maruti Suzuki down by 1.61%, Hindalco down by 1.25%, Tata Motors down by 0.99%, Bajaj Finance down by 0.92% and Larsen & Toubro down by 0.92% were the top losers. (Provisional)

European markets were trading lower; France’s CAC fell 41.42 points or 0.57% to 7,293.98, Germany’s DAX lost 112.41 points or 0.53% to 21,141.29 and UK’s FTSE 100 decreased 30.03 points or 0.37% to 8,219.09.

Asian markets settled mostly lower on Wednesday tracking Wall Street's fall overnight and on fears of escalating US-China trade tensions. In response to an inquiry about the White House's statement claiming China now faces up to a 245 percent tariff on imports to the US as a result of its retaliatory actions, Chinese Foreign Ministry spokesperson Lin Jian responded that they should ask the US side for the specific tax rate figures. Market sentiments fell further even as China's first-quarter GDP growth surpassed expectations at 5.4%. Hong Kong Post suspended goods mail services by sea to the United States and will suspend its air mail postal service for items containing goods from April 27 due to bullying US tariffs. Japanese shares fell sharply, with technology shares coming under pressure after chipmaker Nvidia said the US put new restrictions on some chip exports to China. Moreover, Seoul shares declined following US's decision to restrict Nvidia's artificial intelligence chip exports to China. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,276.00

8.34

0.25

Hang Seng

21,056.98

-409.29

-1.94

Jakarta Composite

6,400.05

-41.63

-0.65

KLSE Composite

1,476.92

-9.51

-0.64

Nikkei 225

33,920.40

-347.14

-1.02

Straits Times

3,662.45

37.73

1.03

KOSPI Composite

2,447.43

-29.98

-1.22

Taiwan Weighted

19,468.00

-389.67

-2.00
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