The stock market wrapped up the week on a strong note, with both benchmark indices ending firmly in the green. The Sensex surged 1.85%, gaining 1,454 points to close at 78,498, while the Nifty 50 rose 402 points to settle at 23,840.
Trading on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed tomorrow, April 18, in observance of Good Friday. Markets will resume normal operations on Monday, April 21.
Nifty and Sensex recovered after opening on a weak note on Thursday, April 17. The Indian benchmark indices regained momentum in the second half as Nifty crossed 23,600 and Sensex was up more than 500 points.
The Indian stock market opened on a weak note, with both Sensex and Nifty trading lower on Thursday, april 17. The Sensex fell below 76,900, while the Nifty was around 23,350 in the opening. It is due to the cautious global mood, after Wall Street declined in response to U.S. Federal Reserve Chair Jerome Powell's remarks expressing concern that trade tensions could hinder efforts to control inflation and support economic growth.
Meanwhile, Asian stock markets experienced positive trading on Thursday, with the Hang Seng in Hong Kong rising almost 1%, the Nikkei in Japan jumping 0.75 percent, the ASX200 in Australia rising 0.38 percent, and the Kospi in South Korea rising 0.41 percent.
The previous trading session finished with the Indian benchmark indices closing higher. While Sensex ended at 77,044.29, Nifty settled at 23,437.20 on Wednesday.
IRFC, DLF, UltraTech Cement, BHEL, Home First Finance, Paytm, GTPL Hathway, Angel One, Zydus Life, Sonata Software, are among the other stocks in focus on Thursday. The share prices of Wipro, Angel One and Waaree Renewable Technologies Ltd. could shift after the announcement of their FY 2025 Q4 results.
LIVE Feed
Apr 17, 2025, 3:23 pm IST
Sigachi Industries Limited Received Environmental Clearance (EC) its Dahej 2 SEZ facility
Sigachi Industries Limited, one of India’s leading player in pharmaceutical excipients and specialty ingredients, has received Environmental Clearance (EC) from the State Environment Impact Assessment Authority (SEIAA), Gujarat for its upcoming Greenfield manufacturing facility at Dahej SEZ, Bharuch, Gujarat. This paves the way for one of Sigachi’s most significant capacity expansions to date, reinforcing the company’s vision to become a global manufacturing powerhouse for excipients, nutraceuticals, and high-value functional ingredients.
Apr 17, 2025, 3:10 pm IST
SSS-NIBE and ORSL Advance Biogas Innovation with Pilot Plant Commissioning for Napier Grass Co-digestion
The collaboration between Sardar Swaran Singh National Institute of Bio-Energy (SSS-NIBE) and Organic Recycling Systems Limited (ORSL) has reached a pivotal stage in advancing biogas production through Seed based co-digestion technology. This strategic partnership, focused on utilizing Napier grass and other agricultural residues for anaerobic digestion, is now transitioning from research to practical implementation. As India continues to seek renewable energy solutions to meet its growing energy demands, both organizations are working towards unlocking the full potential of biomass based biogas production. Their emphasis on Napier grass highlights a commitment to exploring abundant, renewable resources for sustainable energy generation.
Apr 17, 2025, 2:32 pm IST
Alembic Pharmaceuticals Limited announces USFDA Final Approval for Carbamazepine Tablets USP, 200 mg
Alembic Pharmaceuticals Limited (Alembic) announced that it has received Final Approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Carbamazepine Tablets USP, 200 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Tegretol Tablets, 200 mg, of Novartis Pharmaceuticals Corporation. Carbamazepine Tablets USP, 200 mg are indicated for use as an anticonvulsant drug. It is also indicated in the treatment of the pain associated with true trigeminal neuralgia. Refer label for a detailed indication.
Apr 17, 2025, 2:32 pm IST
Refex's Green Mobility Vertical Reorients Operations at Bengaluru
Refex Green Mobility Limited (‘RGML / Company’) a wholly owned subsidiary of Refex Industries Limited (‘RIL’), has streamlined its Bengaluru operations run through its wholly owned subsidiary i.e., Refex EV Fleet Services Private Limited (‘REVFSPL’) by phasing out its airport-based EV taxi services. This proactive move is to strategically focus on scaling the Company’s electric mobility solutions which are designed for enterprise and institutional customers, anchored in long-term partnerships and stable demand. Refex remains committed to deliver high-quality mobility services through its fully integrated B2B & B2B2C EV platform offering Company-owned EVs, verified professional driver partners, and a robust tech driven operations framework to ensure seamless experiences.
Apr 17, 2025, 1:57 pm IST
Result Update: Wipro | An understandable caution
“WPRO reported -0.8% cc QoQ growth in 4Q, missing expectations (JMFe: 0.1%). Pauses, especially in large transformational programs, drove the miss. That is likely to continue, at least through 1Q. An underwhelming guidance for 1Q – -3.5% to -1.5% cc QoQ – builds that. Management believes, like TCS, that these pauses are transitory. We concur (see Defer or De-rail?, 31 March 2025). For WPRO specifically, there are tangible reasons to believe this. Deal wins picked up (TCV: USD 4bn; book-to-bill: 1.5x), led by large deals (USD 1.8bn) – a key focus area. WPRO’s mega deal win – GBP 500mn from Phoenix – against a strong incumbent (TCS) reflects success in multi-vendor scenario, a positive. Pipeline, especially in troubled EU region, is encouraging. Importantly, these reflect WPRO’s pro-growth stance, in our view. Still, a weak FY25-exit and weaker FY26-start translate into 4-6% cut to our FY26-27E USD revenues. Lower margin assumptions (down 30bps) drives 4-10% PAT cut. We however build a c.USD 3bn buyback in FY26. That restricts changes to our FY26-27E EPS to -4% to +1%. WPRO’s improved capital allocation policy (70%+ of PAT) and consistently better FCF should result in lower than historical discount to peers. We value it at 21x (c.15% discount to TCS’ vs 5-yr avg discount: 25%). Retain BUY with INR 290 TP (from INR 310),” said Abhishek Kumar of JM Financial Institutional Securities Limited.
“India’s sugar production estimate for SS25 continues to be revised downwards by industry bodies. The latest net sugar production estimate by National Federation of Cooperative Sugar Factories (NFCSF) stood at ~25.9MMT, lower than the previous estimate and SS24. In 4QFY25, domestic sugar prices have seen a sharp uptick as sugar mills have been raising domestic prices to offset fixed costs. As a result, sugar prices in key states are up ~6-10% QoQ. Hence, sugar segment profitability is likely to be robust in 4QFY25. Further, in our view, sugar mills would have transferred sugar to the distillery division at elevated price levels. Given there has been no upward revision in prices for ethanol from B-heavy and juice routes, distillery margin will likely be depressed in 4QFY25. Balrampur will benefit from higher volume and higher sugar profitability on account of improvement in domestic prices. On the distillery front, after a dismal 3QFY25, ethanol volume is likely to pick up. However, distillery margin will be lower YoY due to higher input costs. Hence, overall, Balrampur's EBITDA is likely to be flattish YoY,” said Krishan Parwani of JM Financial Institutional Securities.
Apr 17, 2025, 12:40 pm IST
Nifty Outlook Today By Anand James, Chief Market Strategist, Geojit Investments Limited
We had noted our preference for a dip towards 23080-22975 yesterday but the premature turn higher, after dipping just below 23300 left the trend looking exhausted after crossing 23390. Meanwhile, 72% of Nifty 50 stocks are in the upper half of the bollinger band already, favouring a sideways move over a vertical rise. We will also be eying 23160-650 as an interim range until directional momentum emerges.
Apr 17, 2025, 12:10 pm IST
Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
India’s recent outperformance is striking. We are the only large market which has erased all losses incurred after April 2nd has closed above the pre-April 2nd level. What accounts for this outperformance? One, India which is a domestic consumption driven economy will be one of the least impacted by the tariff crisis. Two, the market is discounting the possibility of a bilateral trade agreement between US and India within a few months. The US regards India as among the four allies (UK, Japan, South Korea and India) with whom the US will strike trade deals first. If this happens, India will benefit out of the ongoing trade war between US and China.
Domestic consumption driven stocks in financials, telecom, aviation, cement and sections of autos are hitting 52 week highs and some are setting new records. This trend will continue. FIIs have turned buyers in India since the prospects of US and China are the worst in this crisis. FIIs are likely to continue buying high quality largecaps in domestic consumption sectors.
Apr 17, 2025, 12:02 pm IST
Stock Market Live: Bharti Airtel, Sun Pharma Among Top Gainers
Stock Market Live: Bharti Airtel, Sun Pharma, Eternal (earlier known as Zomato), Oswal Green, etc emerged as the top gainers of Thursday's session
Stock Market Live: Hours after a muted start of the trading session, Nifty 50 reversed its losses and crossed 23,600 mark. BSE Sensex was up 595 points at 77,639.35
Apr 17, 2025, 11:21 am IST
Stock Market Live: Nifty 50 Continues To Recover, Inches Closer to Rs 24500
Stock Market Live: Hours after opening in red, Nifty 50 is continuing its recovery run on Thursday. Nifty 50 is trading higher and inching closer to 24500 mark.
Apr 17, 2025, 10:43 am IST
Stock Market Live: Metal Stocks Trade Lower Amid Market Volatility
Stock Market Live: Several metal sector stocks including JSW Steel, Tata Steel, SAIL, NAVA Limited, etc were trading in red on Thursday. Tata Steel shares were trading lower at Rs 135 per share on BSE today
Apr 17, 2025, 10:12 am IST
Stock Market Live: Nifty, Sensex Recovering from Opening Losses
Stock Market Live: The Indian benchmark indices, Nifty and Sensex are now recovering from the losses they made during the Indian stock market opening today. Nifty 50 was recovering and inching closer to the 23400 mark. Whereas, Sensex was at 76,831.04
Apr 17, 2025, 9:50 am IST
Stock Market Live Updates: Sensex and Nifty in Red
Sensex and Nifty in Red in the opening session on Thursday.
Apr 17, 2025, 9:10 am IST
Stock Market Live Update: Rupee Slips to 85.83 Against USD
The Indian currency rupee has slipped to 85.83 against the US dollar.
Apr 17, 2025, 8:48 am IST
Stock Market Live Update: Crude Oil Price Continues To Rise Due to US Pressure on Iran
Oil prices continued to rise on Thursday for a second session as the United States pledged to continue putting pressure on Iran to reduce its oil shipments. US Treasury Secretary Scott Bessent said that they will exert as much pressure as possible to stop Iran's oil exports.
Apr 17, 2025, 8:18 am IST
Stock Market Live Update: Gold Prices Soar to Record High in International Market
Gold Prices has reached all time High in the international market on Thursday. Jerome Powell, the chairman of the US Federal Reserve, has stated that the central bank is not in a rush to lower interest rates. At 8:15 a.m., the Bloomberg spot gold was down 0.37% at ,330 an ounce.
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