Closing Bell: Nifty and Sensex Surge Nearly 2% in Bullish Trading Session
By ScanX News Team
Indian stock markets closed strongly positive on April 17, 2025, with Nifty 50 up 1.77% at 23,851.650 and Sensex rising 1.96% to 78,553.200. Banking, aviation, and retail sectors led the gains. Market breadth was decisively positive with 2,619 advancing stocks out of 4,310 traded. However, Sonata Software plunged 5.92% on lower Q4 revenue warning from its largest client.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets concluded on a strongly positive note on April 17, 2025, with both benchmark indices registering significant gains. The NSE Nifty 50 and BSE Sensex witnessed a robust rally, driven by strong performances across multiple sectors.
Key Indices Performance
The Nifty 50 closed at 23,851.650, marking a substantial increase of 414.450 points or 1.770% from its previous close. Similarly, the BSE Sensex ended the day at 78,553.200, surging by 1,508.910 points or 1.960%. These gains reflect a bullish sentiment prevailing in the market during the trading session.
Sectoral Performance
Top Performing Sectors
- Banks (Avg. Change: +1.799%)
- Aviation (Avg. Change: +1.451%)
- Retail (Avg. Change: +1.345%)
- Oil & Gas (Avg. Change: +1.173%)
- FMCG (Avg. Change: +1.051%)
The banking sector led the rally, followed by aviation and retail, indicating broad-based buying interest across these segments.
Underperforming Sectors
- Engineering Services (Avg. Change: -0.853%)
- Diversified (Avg. Change: -0.097%)
- Petroleum Products (Avg. Change: -0.043%)
Engineering services faced the most significant decline, while diversified and petroleum products sectors also experienced marginal losses.
Market Breadth
The overall market breadth was decisively positive, with advancing stocks outnumbering declining ones:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,310 |
| Positive | 2,619 |
| Negative | 1,691 |
This data indicates a broad-based rally with about 60.77% of traded stocks closing in the green.
Buzzing Stocks
Sonata Software was in focus today, but for negative reasons. The stock plummeted 5.924% to close at ₹315.200. The sharp decline came after the company warned of lower Q4 revenue from its largest client. This news has contributed to a significant 65% drop from the stock's peak of ₹870, bringing it to levels last seen in January 2023.
Conclusion
The Indian stock market demonstrated strong bullish momentum on April 17, 2025, with major indices posting nearly 2% gains. While most sectors contributed positively, banking, aviation, and retail stood out as top performers. However, the negative performance of Sonata Software serves as a reminder of individual stock risks amidst the broader market rally.
