30 Indian Stock Market Fluctuates Trading Session on Global cues
MUMBAI: The Indian stock market on Wednesday 16th April 2025 acting on diffused global impressions witnessed an oscillating session seeing benchmark Nifty and Sensex hit by both domestic & overseas cues.
The NIFTY & Sensex managed an eventful day Wednesday loading with a mix of local and external signals, with benchmark indices on net positive curve.
It closed the day at Nifty 50 :22,828.55 (up 429.40 points or 1.92%) with a sharply contrasting profit taking and sector-specific movements considering the trading session was somewhat choppy.
The BSE Sensex too, after an outstanding rally that was mostly on the back of temporary US tariff ease from last session wrapped up at 75,157.26and up by 1310.11 points or 1.77%.
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This run has coincided with the big advance last session, a lot of that being underpinned by light sailings in US. While the quantitative picture was more mixed today, more than a few sectors shot up. The Financial and financial (NIFTY Bank ) index rallied further to the level of +1.52% or up by 51002.35) almost suggesting strong buying cues in this space post the recent high-visibility sell-off by Bank-Nifty. Yet the Nifty IT index came under selling pressure, to climb back 0.69 or 0.31% and close at :32,740.85 as some profit announced their after the tech-led global rally.
Nifty Midcap 100 and Nifty smallcap 600also maintained their outperformance, rising 1.84%, 1.94% respectively on broader market indices.
This indicates that this is not a selective good sentiment contained just in a few large caps and reflects broad based positive view on the stocks out there.
Some of the Nifty component’s best gainers included stocks with generic industry (for ex: Hindalco, JSW Steel and Tata Steel all up by over 4%).
