Closing Bell: Nifty and Sensex End in Green, Engineering Services Sector Shines
By ScanX News Team
Indian stock markets ended positively on April 16, 2025, with Nifty 50 up 0.45% at 23,433.150 and Sensex gaining 0.37% to 77,021.910. Engineering Services sector led gains (+3.631%), while Utilities underperformed (-0.001%). JTL Industries plunged 16.172% following ED raids, and Zydus Life fell 6.482% due to regulatory issues. Market breadth was bullish with 2,869 advances against 1,438 declines out of 4,307 traded scrips.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets concluded on a positive note on April 16, 2025, with both benchmark indices, Nifty 50 and BSE Sensex, registering gains. The Nifty 50 closed at 23,433.150, up 104.600 points or 0.450% from its previous close. Similarly, the BSE Sensex ended the day at 77,021.910, marking an increase of 287.020 points or 0.370%.
Sectoral Performance
The day saw mixed performance across sectors, with Engineering Services leading the pack.
Top Performing Sectors:
- Engineering Services (+3.631%)
- Banks (+2.268%)
- Transport Services (+2.178%)
- Energy (+2.148%)
- Forest Materials (+1.803%)
Underperforming Sector:
- Utilities (-0.001%)
Buzzing Stocks
Two stocks made headlines due to regulatory actions:
JTL Industries : The stock plummeted 16.172% to close at ₹67.800 following raids conducted by the Enforcement Directorate (ED) on locations associated with the company.
Zydus Life : Shares fell 6.482% to ₹825.900 after the company, along with Lupin, was instructed to remove a specific drug from the market and face financial penalties.
Market Breadth
The overall market breadth was positive, indicating a bullish sentiment:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,307 |
| Advances | 2,869 |
| Declines | 1,438 |
Conclusion
The Indian stock market ended the day on a positive note, with the Engineering Services sector leading the gains. Despite regulatory challenges faced by some companies, the broader market sentiment remained upbeat, as reflected in the positive market breadth and the gains in major indices.
