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Markets rallied for the fourth consecutive session on Thursday, with the BSE Sensex surging 1,508.91 points or 1.96 per cent to close at a record high of 78,553.20. The NSE Nifty 50 jumped 414.45 points or 1.77 per cent to finish at 23,851.65. This remarkable performance has erased all year-to-date losses, marking what analysts call the best week for Indian equities in four years.
Market breadth remained firmly positive, with 2,396 stocks advancing and 1,563 declining on the BSE. A total of 83 stocks hit their 52-week highs. All sectoral indices closed in the green, led by financial services and banking, which climbed 2.27 per cent and 2.21 per cent, respectively.
“A strong rally in large-cap stocks was observed today, primarily driven by financials, amid expectations of improved margins stemming from changes in savings deposit interest rates,” said Vinod Nair, Head of Research at Geojit Financial Services. “Positive sentiment was further supported by a reversal in FII flows, although the sustainability of this trend remains uncertain.”
ETERNAL led the gainers’ pack, rising 4.37 per cent to ₹231.75, as investors flocked to the stock on the back of strong quarterly guidance.
ICICI Bank jumped 3.68 per cent to ₹1,406.65, reflecting renewed optimism in the banking space.
Bharti Airtel gained 3.63 per cent to close at ₹1,889.20, following news of tariff hike expectations.
Sun Pharma added 3.45 per cent to finish at ₹1,751.05, extending its rally from earlier in the week.
State Bank of India (SBIN) rose 3.28 per cent to ₹797.10, supported by increased institutional buying.
Tech Mahindra (TECHM) was the sole laggard in Thursday’s session, slipping 0.24 per cent to ₹1,305.85 amid mild profit-booking in IT stocks.
Published on April 17, 2025
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