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Stock Market Closing Update: Sensex Gains 362 Points, Nifty Ends Above 22,500 on March 17, 2025

Date: 17-mar-2025

Stock Market Closing Update: Sensex Gains 362 Points, Nifty Ends Above 22,500 on March 17, 2025

Stock Market Closing Update: Sensex and Nifty End Higher on March 17, 2025

The Indian stock markets closed on a strong note on March 17, 2025, with both the Sensex and Nifty 50 registering gains amid positive global cues and sectoral strength. Banking and pharma stocks contributed to the rally, while auto stocks remained stable.

Stock Market Closing Figures

  • BSE Sensex: Closed at 74,190, up 362 points (+0.49%).
  • Nifty 50: Ended at 22,515.90, gaining 119 points (+0.53%).
  • Nifty Bank: Jumped by 315 points, closing at 47,620.

Key Gainers and Losers

Top Gainers:

  • IndusInd Bank (+4.2%) – Strong Q4 growth outlook.
  • Dr. Reddy’s Laboratories (+3.1%) – Pharma sector rally supports stock.
  • Reliance Industries (+2.5%) – Gains on robust refining margins.
  • ICICI Bank (+2.2%) – Buying interest from FIIs.

Top Losers:

  • Tata Steel (-1.4%) – Pressure from weak global metal prices.
  • ONGC (-1.2%) – Oil prices volatility affects sentiment.
  • HDFC Life (-1.0%) – Profit booking after recent rally.

Sectoral Performance

Banking & Financial Stocks Lead the Gains

Banking stocks saw renewed buying interest, with IndusInd Bank, ICICI Bank, and SBI registering gains. Nifty Bank index rose by 315 points, driven by expectations of strong Q4 earnings.

Pharma Stocks Continue Uptrend

Pharmaceutical stocks outperformed, with Dr. Reddy’s Laboratories and Granules India leading the rally as investors sought defensive bets amid global uncertainties.

Auto and IT Stocks See Mixed Trends

The Nifty Auto index traded flat, while IT stocks remained under pressure as investors awaited clarity on global tech spending trends.

Global Market Cues Supporting Indian Equities

Positive momentum in Asian and U.S. markets contributed to the rally in Indian equities. Wall Street’s overnight gains and China’s new economic stimulus measures boosted investor confidence.

Economic Indicators & Market Outlook

  • Wholesale Price Index (WPI): Inflation edged up to 2.38% in February, up from 2.31% in January, driven by food and non-food articles.
  • FII Activity: Foreign Institutional Investors (FIIs) were net buyers, injecting liquidity into Indian equities.
  • Market Sentiment: Analysts expect the Nifty 50 to hold above 22,500, with further upside depending on global trends and RBI policy cues.

Final Thoughts

The Indian stock market maintained its positive momentum, with strong buying in banking and pharma sectors. Investors should watch for upcoming economic data, global cues, and corporate earnings that may influence further market movement.

Stay updated for the latest market insights and expert analysis!

Disclaimer: This article is based on publicly available information from various online sources. We do not claim absolute accuracy or completeness. Readers are advised to cross-check facts independently before forming conclusions.

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