Markets surged with a powerful rally today! Nifty (+1.8%) closed at 23,852 and Sensex (+2.0%) at 78,553, showing tremendous strength after recent consolidation. Bank Nifty (+2.2%) was the star performer, ending at 54,290. Midcaps (+0.6%) and Smallcaps (+0.4%) posted modest gains. Advance-Decline ratio stayed bullish at 3:2, with 1,467 stocks advancing against 924 declining 🟢
The market witnessed a broad-based recovery with banking stocks leading the charge. ICICI Bank and HDFC Bank hit lifetime highs, confirming the bullish sentiment. Volatility cooled off with India VIX declining 2.51% to 15.46, suggesting improving investor confidence despite recent turbulence.
Sector Check ✅
🔼 Top Performers
- Banks & NBFC (+2.2%) 🏦 – Led the rally with fresh institutional buying
- Pharma (+1.5%) 💊 – Healthcare stocks found support on valuation comfort
- Auto (+1.4%) 🚘 – Recovery after recent tariff concerns eased
- Fertilizers (+4.3%) 🌱 – Emerged as the best-performing sector of the day
🔹 Not a single sector closed in the red today – clear indication of broad market strength
FII/DII Net Flow – 17th April 2025
- FII Net Buying: +₹4,667.94 Cr 🟢 (Massive inflow continuing the recent trend)
- DII Net Selling: -₹2,006.15 Cr 🔴 (Profit booking by domestic institutions)
Overseas investors continued their buying spree, boosting market sentiment. FIIs have pumped in over $3 billion in the last 10 sessions.
Top Gainers – NSE 500 📈
🔹 FACT (+13.8%) – Surged on heavy volumes with possible institutional accumulation
🔹 Emcure Pharma (+9.0%) – Strong break above key resistance levels triggered buying
🔹 Delhivery (+6.8%) – Jumped on high volumes; e-commerce growth optimism
🔹 KFinTech (+5.1%) – Rallied after acquiring 51% stake in Singapore-based Ascent Fund Services
🔹 IGIL (+5.0%) – Technical breakout with volumes 3x the 20-day average
Top Losers – NSE 500 📉
🔻 Sonata Software (-6.1%) – Crashed after warning of lower international revenue in Q4
🔻 Wipro (-4.3%) – Slumped on weak Q4 results and disappointing Q1 guidance
🔻 RK Forge (-4.1%) – Selling pressure amid concerns over auto exports outlook
🔻 Taril (-3.3%) – Profit booking after recent sharp gains
🔻 Ushamart (-3.0%) – Technical breakdown below key support levels
🔥 Stock Highlights
📉 Wipro (-4.3%)
Tumbled after mixed Q4 results and disappointing revenue guidance of -1.5% to -3.5% for Q1FY26. CEO cited “dramatically increased uncertainties” due to Trump’s tariffs. Nuvama downgraded with a lower target of ₹260.
📈 Waaree Renewable (+9.3%)
Soared after Q4 revenue jumped 74% YoY to ₹476 crore and PAT surged 73% YoY. Impressive order book of 3.2 GWp with plans to bid for another 30 GWp.
📈 KFinTech (+5.1%)
Rallied after acquiring 51% stake in Singapore-based Ascent Fund Services for ₹436 crore. Deal provides global expansion with $24bn AUM and licenses in 7 countries.
📈 KEI Industries (+4.0%)
Gained after Goldman Sachs upgraded to ‘Buy’ despite cutting price target to ₹2,980. With only 14% revenue from exports, KEI remains insulated from global trade uncertainties.
📈 Bharti Airtel (+3.7%)
Hit new all-time high, becoming India’s 4th most valuable company with market cap crossing ₹11 lakh crore. Jefferies maintains ₹2,040 target price.
Volume Rockets 🚀
- Ujjivan Small Finance Bank (+7.1%) – Trading at 3x average volumes
- Delhivery (+6.8%) – Heavy institutional activity
- KFinTech (+5.1%) – Volumes 2.5x daily average
- India Cements (+2.1%) – Trading at 26.7x weekly average!
- New India Assurance (+3.4%) – Volumes 9.3x weekly average
New 52-Week Highs 🌟
- Bajaj Finserv (+3.4%)
- Bharti Airtel (+3.7%)
- Chambal Fertilisers (+2.9%)
Macro & Global 🌍
- UN agency UNCTAD projects India’s economy to grow at 6.5% in 2025, slightly slower than 2024 but still the fastest-growing major economy globally
- Fitch cuts India’s GDP growth forecast by 10 bps to 6.4% for current fiscal, citing risks from worsening global trade war
- Europe trading in red, US futures indicating positive start amid growing hopes of tariff deal between US and key trading partners
- Brent crude trading higher on supply concerns after US imposed new sanctions on Iran’s oil exports
📊 Quick Closing Print
| Index | Closing Level | Move |
| Nifty | 23,852 | 1.80% |
| Sensex | 78,553 | 2.00% |
| Bank Nifty | 54,290 | 2.20% |
| Nifty 500 | 21,682 | 1.30% |
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