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EQUITY
Post Session: Quick Review
Apr-17-2025

Local equity markets closed near day’s high points on Thursday, with both the Nifty and Sensex extending their gains for the fourth consecutive session, driven by value buying from investors. Indices made a negative start as the World Trade Organisation (WTO) stated that the world merchandise trade is expected to decline by 0.2 per cent in volume terms in 2025. However, markets staged a recovery and ended the day on a positive note.

Some of the important factors in trade:

FII inflows surge: Some support came with exchange data showed foreign portfolio investors stayed net buyers of Indian equities on Wednesday for the second session as they mopped up stocks worth Rs 3,936.42 crore. 

India to grow by 6.5% in 2025: Traders were getting encouragement as an UN report said that India is expected to grow by 6.5 per cent in 2025 on the back of continued robust public spending and ongoing monetary easing, even as the world economy is on a recessionary trajectory, driven by escalating trade tensions and persistent uncertainty.

US imposes 125% tariff on China could fuel India's exports: Traders took some support after Global Trade Research Initiative (GTRI) in its latest report has stated that the US crackdown, which has imposed 125 per cent import tariffs on China, has unexpectedly created a rare opportunity for India’s small manufacturers, offering them a short-term export window.

Global front: European markets were trading in red as investors worried about the impact of U.S. President Donald Trump's erratic trade policies on inflation, interest rates and global growth. Asian markets ended mostly in green as Bank of Korea kept its interest rate unchanged as uncertainty about future growth increased due to the changes in the US trade policies and the implementation of government stimulus measures. 

The BSE Sensex ended at 78553.20, up by 1508.91 points or 1.96% after trading in a range of 76665.77 and 78616.77. There were 28 stocks advancing against 2 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index was up by 0.56%, while Small cap index up by 0.52%. (Provisional)

The top gaining sectoral indices on the BSE were Bankex up by 2.56%, Telecom up by 2.22%, TECK up by 1.19%, Energy up by 1.13% and PSU up by 1.03%, while there were no losing sectoral indices on the BSE. (Provisional)

The top gainers on the Sensex were Eternal up by 4.48%, ICICI Bank up by 3.63%, Sun Sun Pharmaceutical Industries up by 3.50%, Bharti Airtel up by 3.29% and Bajaj Finserv up by 3.15%. On the flip side, Tech Mahindra down by 0.39% and Maruti Suzuki down by 0.04% were the few losers. (Provisional)

Meanwhile, commerce Minister Piyush Goyal has said that India will expand its trade ties with nations that will offer fair, balanced and equitable free trade agreements (FTAs). He stressed that the country's gains must match its offer of accessing a 1.4 billion-strong, and fast-growing consumer market. He noted that India is negotiating FTAs with different countries and regions, including the European Union (EU) and Oman. The remarks also assume significance as India is negotiating a bilateral trade agreement with the US. The aim is to finalise the first phase of the pact by the fall (September-October) this year. 

At India-Middle East-Europe Economic Corridor (IMEC) Conclave 2025, the minister said this corridor would help promote trade, seamless movement of goods and people, and cut down logistics costs. He said that it can also open up opportunities for the financial world. He said ‘we could have multilateral financing agencies along this corridor to help promote both the setting up of the corridor and at some stage. We should explore innovative financing models and see how this could finally be financed.’ He added that the countries can look at harmonising regulatory practices, and enhanced alignment on process, procedures, trade practices, customs union and paperworks within these nations. 

He further informed that India and the UAE have been in a dialogue for a virtual trade corridor. He said India is also in dialogue with Singapore to look at the possibility of having an undersea cable for transporting clean energy. He said ‘I've had a conversation with Australia...Singapore is also talking to Australia to see if the Singapore, Australia leg could be connected. We are in dialogue with Saudi Arabia and UAE to see if this leg could be connected.’ Further, he said that this project needs to be seen from the lens of public-private partnership as it will help in making it financially viable and it should not be only the government's initiative. 

The CNX Nifty ended at 23851.65, up by 414.45 points or 1.77% after trading in a range of 23298.55 and 23872.35. There were 43 stocks advancing against 7 stocks declining on the index. (Provisional)

The top gainers on Nifty were Eternal up by 4.47%, ICICI Bank up by 3.73%, Bharti Airtel up by 3.65%, Sun Pharmaceutical Industries up by 3.45% and Bajaj Finserv up by 3.23%. On the flip side, Wipro down by 4.12%, Tech Mahindra down by 0.30%, Hero MotoCorp down by 0.26%, JSW Steel down by 0.14% and Hindalco down by 0.07% were the top losers. (Provisional)

European markets were trading lower; UK’s FTSE 100 decreased 57.98 points or 0.7% to 8,217.62, France’s CAC fell 37.35 points or 0.51% to 7,292.62 and Germany’s DAX lost 61.48 points or 0.29% to 21,249.54. 

Asian markets settled mostly higher on Thursday, despite Wall Street’s steep losses overnight as Federal Reserve Chair Jerome Powell cautioned that trade tensions might undermine employment and price stability. Chinese shares gained after China said it is ready to restart trade talks with the Donald Trump administration, provided that certain key conditions are fulfilled. Among the primary demands, China has called for more respect, a consistent trade policy, and attention to its concerns on sanctions and Taiwan. Japanese shares improved after US Trump said negotiators made big progress in talks to strike a tariff deal with Japan, while a weak yen also supported sentiment. Seoul shares rose after South Korea's central bank kept its interest rate unchanged but hinted at possible cuts in May amid rising economic risks partly spurred by US tariffs.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,280.34

4.34

0.13

Hang Seng

21,395.14

338.16

1.58

Jakarta Composite

6,438.27

38.22

0.59

KLSE Composite

1,483.27

6.35

0.43

Nikkei 225

34,377.60

457.20

1.33

Straits Times

3,720.33

57.88

1.56

KOSPI Composite

2,470.41

22.98

0.93

Taiwan Weighted

19,338.73

-129.27

-0.67
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