Markets at Noon: Nifty and Sensex Climb as Beverages Sector Leads the Charge
By ScanX News Team
Indian markets show positive momentum at midday on April 22, 2025, with Nifty 50 up 0.37% and Sensex gaining 0.39%. The beverages sector leads with a 3.47% increase, followed by metals & mining and power sectors. Rajratan Global Wire surges 19.99% post Q4 results, while Alok Industries jumps 15.97% despite narrowed losses. Overall, the market displays resilience across multiple sectors.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are showing positive momentum at midday on April 22, 2025, with both major indices trading in the green. The Nifty 50 is currently at 24,214.25, up 88.70 points or 0.37% from its previous close. Similarly, the BSE Sensex is trading at 79,720.80, registering a gain of 312.30 points or 0.39%.
Sectoral Performance
The market is witnessing strong performance across several sectors:
| Sector | Average Percentage Change |
|---|---|
| Beverages | 3.47% |
| Metals & Mining | 2.09% |
| Power | 1.89% |
| Transport Services | 1.82% |
| Utilities | 1.66% |
Buzzing Stocks
Two stocks are making headlines in today's trading session:
Rajratan Global Wire
The stock is up 19.99% at ₹390.15 following the announcement of its Q4 FY2023 results. Despite a year-over-year decline in net profit to ₹152.00 million, the company reported increased revenue of ₹2.50 billion and recommended a final dividend of ₹2 per equity share.
Alok Industries
Shares surged up to 18.4% in morning trade, reaching an intraday high of ₹19.50. The stock is currently trading at ₹19.10, up 15.97%. This comes after the company's Q4 results showed a narrowed net loss of ₹744.70 million compared to the previous year, despite a decrease in revenue.
Conclusion
As the trading day reaches its midpoint, the Indian markets are showing resilience with positive movements in key indices. The beverages sector is leading the gains, while stocks like Rajratan Global Wire and Alok Industries are attracting significant investor attention following their quarterly results announcements.
