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Weekly wrap: NIFTY50 and SENSEX gain 4.4% for the week; IndusInd Bank, Axis Bank among top index movers
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4 min read | Updated on April 18, 2025, 13:36 IST
SUMMARY
Indian markets rally more than 4.4% for the week, propelled by strong and all-around buying by foreign investors in the Indian markets. NIFTY50 and SENSEX gained 1023 and 3395 points, respectively, for the week. Lower inflation readings during the week emerged as key triggers for the markets.
Stock list
Indian markets are the top gainers among all global indices with over 4.5% gains for the week. Image source: Shutterstock
Markets ended holiday shortened week on a fabulous note with NIFTY50 and SENSEX garnering gains of around 4.4% after the US announced reciprocal tariff exemption of smartphones, compute₹and other devices and components. Fresh foreign fund inflows also added to positive sentiments. Besides, easing retail and wholesale inflation raised hopes of further rate cuts by RBI.
The SENSEX surged 3395.94 points or 4.52% to 78,553.20 during the week ended April 17, 2025. The BSE Midcap index gained 1706.24 points or 4.24% to 41,980.48 and the Smallcap index surged 2148.31 points or 4.69% to 47,946.66.
On the sectoral front, S&P BSE Realty was up by 432.92 points or 7.08% to 6,551.31, S&P BSE BANKEX was up by 3,890.91 points or 6.66% to 62,293.27, S&P BSE Finance was up by 697.51 points or 6.13% to 12,080.04, S&P BSE Consumer Discretionary Goods & Services was up by 377.97 points or 4.48% to 8,808.69 and S&P BSE Capital Goods was up by 2,565.76 points or 4.38% to 61,111.69 were the top gainers, while there were no lose₹on the BSE.
The NIFTY50 surged 1023.10 points or 4.48% to 23,851.65. On the National Stock Exchange (NSE), Bank Nifty was up by 3287.85 points or 6.45% to 54,290.20, Nifty Next 50 gained 2782.00 points or 4.53% to 64,255.55, Nifty Mid Cap 100 increased 2156.30 points or 4.27% to 52,657.80 and Nifty IT was up by 631.50 points or 1.93% to 33,372.35.
FII transactions during the week
Foreign Institutional Investors (FIIs) were net buyers in the equity segment in the week, with gross purchases of ₹59,374.75 crore and gross sales of ₹50,902.45 crore, leading to a net inflow of ₹8,472.30 crore. They also stood as net buye₹in the debt segment with gross purchases of ₹13,232.02 crore against gross sales of ₹10,770.28 crore, resulting in a net inflow of ₹2,461.74 crore. In the hybrid segment, FIIs stood as net sellers, with gross purchases of ₹84.13 crore and gross sales of ₹173.62 crore, leading to a net outflow of ₹89.49 crore.
Some of the major developments during the week are:
US remains India’s top trading partner for 4th straight year in FY25: The government data showed the US remained India's largest trading partner for fourth consecutive year in 2024-25 with bilateral trade valued at $131.84 billion. Indian exports to US increased to $86.51 billion in last fiscal year.
Top Gainers
•Indusind Bank up by 17.12% was the top gainer on NIFTY50 for the week - Indusind Bank traded higher after it received the findings of the external audit on the discrepancies found in its derivatives portfolio. The report by the external agency showed ₹1,979 crore of negative impact to the net worth of the bank due to the derivative discrepancies. The impact is lower than RBI's assessment of around ₹2,000 crore.
•Axis Bank up by 12.17% was another top gainer on NIFTY50 for the week - Axis Bank remained on buyers’ radar ahead of its quarter and year ended March 31, 2025 result to be out on April 24, 2025. Meanwhile, Axis Bank has reduced its savings account interest rates by 25 basis points, effective April 15, 2025. savings account balances below ₹50 lakh will earn an annual interest rate of 2.75%.
Top Losers
•There were no losers on the NIFTY50 index.
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