Market Wrap: Nifty and Sensex Edge Higher Amid Mixed Sectoral Performance
By ScanX News Team
Indian stock markets closed marginally higher on Tuesday, with Nifty 50 at 24,141.20 (+0.06%) and Sensex at 79,475.63 (+0.08%). Beverages and Metals & Mining sectors outperformed, while Aviation and Insurance lagged. Notable stocks included Cholamandalam Investment (-5.95%), Kohinoor Foods (+19.99%), and Rajratan Global Wire (+19.99%). Market breadth was positive with 2,677 advances against 1,662 declines out of 4,339 traded scrips.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed marginally higher on Tuesday, April 22, 2025, with both benchmark indices showing slight gains. The NSE Nifty 50 ended the session at 24,141.20, up 15.65 points or 0.06% from the previous close. Similarly, the BSE Sensex closed at 79,475.63, gaining 67.13 points or 0.08%.
Sectoral Performance
The day saw a mixed performance across various sectors:
Top Performing Sectors
- Beverages (+3.18%)
- Metals & Mining (+2.00%)
- Utilities (+1.99%)
- Power (+1.50%)
- Retail (+1.43%)
Underperforming Sectors
- Aviation (-0.34%)
- Insurance (-0.18%)
- Engineering Services (-0.15%)
- Transport (-0.11%)
Buzzing Stocks
Several stocks made headlines during the trading session:
Cholamandalam Investment saw a significant drop of 5.95%, closing at ₹1,561.00. The decline followed CLSA's downgrade to 'Hold' with a price target of ₹1,600.00, citing elevated valuations.
Kohinoor Foods surged by 19.99% to close at ₹43.21. The company received ₹200.00 crore from a buyer as part of a one-time settlement and tripartite agreement, with the lead bank issuing an NOC for the sale of its Haryana plant and machinery.
Rajratan Global Wire jumped 19.99% to ₹390.15 after announcing its Q4 FY2023 results. Despite a year-over-year decline in net profit, the company saw increased revenue and recommended a final dividend of ₹2.00 per equity share.
Alok Industries witnessed a significant uptick of 17.43%, closing at ₹19.34. The surge followed the company's Q4 results announcement and a large block trade on the NSE.
Market Breadth
The overall market breadth was positive, with advancing stocks outnumbering declining ones:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,339 |
| Advances | 2,677 |
| Declines | 1,662 |
Conclusion
In summary, the Indian stock markets concluded the day with modest gains, showcasing resilience amid mixed sectoral performance. While sectors like Beverages and Metals & Mining led the gains, Aviation and Insurance faced some headwinds. The positive market breadth indicates a generally optimistic sentiment among investors.
