NewsMarketsClosing Bell: Nifty and Sensex Surge, Retail Sector Leads the Rally on April 2, 2025Closing Bell: Nifty and Sensex Surge, Retail Sector Leads the Rally on April 2, 2025
By ScanX News Team
Indian stock markets closed strongly on Wednesday, with Nifty 50 up 0.72% at 23,332.35 and Sensex rising 0.78% to 76,617.44. Retail and consumer services sectors led the rally, while banking underperformed. Baazar Style Retail Ltd was the star performer, surging 20% on impressive Q4 results and expansion plans. Market breadth was positive with 3,126 advances against 1,201 declines out of 4,327 traded scrips.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets concluded Wednesday's trading session on a strong note, with both the NSE Nifty 50 and BSE Sensex posting significant gains. The Nifty 50 closed at 23,332.35, up 166.65 points or 0.72% from the previous close of 23,165.70. Similarly, the Sensex finished at 76,617.44, registering a robust increase of 592.93 points or 0.78% from its previous close of 76,024.51.
Sectoral Performance
The day's trading saw a mixed bag of sectoral performances, with retail and consumer services leading the rally while the banking sector faced some headwinds.
Top Performing Sectors:
- Retail (+2.24%)
- Consumer Services (+2.23%)
- Oil & Gas (+2.08%)
- Beverages (+2.04%)
- Transport Services (+1.96%)
Underperforming Sector:
- Banks (-0.22%)
Buzzing Stocks
Baazar Style Retail Ltd emerged as the star performer of the day, with its stock price soaring by 20% to close at Rs 312.12. The company's impressive Q4 FY2025 results and expansion plans fueled investor enthusiasm. Baazar Style Retail Ltd reported a 55% year-on-year increase in Q4 revenue to Rs 345.6 crore, along with plans to open 50 new stores annually over the next two years. The company also announced strong Same Store Sales Growth (SSSG) figures, with 20% for Q4FY25 and 13% for the entire FY25.
Market Breadth
The overall market sentiment was decidedly positive, as reflected in the market breadth:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,327 |
| Advances | 3,126 |
| Declines | 1,201 |
Conclusion
April 2, 2025, proved to be a bullish day for Indian equities, with broad-based gains across most sectors. The retail sector's strong performance, particularly the stellar showing by Baazar Style Retail Ltd , contributed significantly to the positive market sentiment. Despite the banking sector's slight dip, the overall market maintained its upward trajectory, closing on a high note.
