Sensex Gains 1508 Points, Nifty Closes Above 23,850 As Headline Indices Extend Gains For Third Straight Day

Sensex, Nifty Today: Headline indices extended gains for the third straight day on April 17. The Sensex closed higher by 1508.91 points or 1.96 per cent at 78,553.2 levels. The Nifty 50 index closed higher by 414.45 points or 1.77 per cent at 23,851.65 levels.

Top Gainers And Losers On April 17

As many as 43 constituents of the Nifty 50 index closed in the green, and 7 constituents of the index closed in the red. Eternal Ltd, Sun Pharmaceuticals Ltd, ICICI Bank and Bharti Airtel Ltd gained the most as they closed higher by up to 4.47 per cent. On the other hand, Wipro Ltd, Hindalco Industries, Tech Mahindra Ltd and Hero Motocorp Ltd declined the most as they closed lower by as much as 4.14 per cent.

All Major Sectoral Indices Close In Green

All major sectoral indices closed in the green on April 17. Among the sectoral pack the Nifty Bank, Nifty Auto and Nifty Oil & Gas index gained the most as they closed higher by up to 2.21 per cent. The Nifty MidCap 100 and the Nifty SmallCap 100 index also extended gains as they closed higher by 0.60 per cent and 0.37 per cent. The India VIX index also closed lower by 2.5 per cent, indicating lower volatility in upcoming trades.

Global Markets

Wall Street indices closed in the red on April 16 with the S&P 500, Nasdaq and Dow Jones Futures ending lower by as much as 3.07 per cent. European indices traded in the red at the time of writing as FTSE 100, CAC 40 and the DAX Performance Index traded lower by as much as 0.8 per cent. Asian indices such as the Nikkei 225, Hang Seng and Shanghai Composite traded in the green up by 1.58 per cent.

Primary Market Action

Securities Exchange Board of India (SEBI) Chairperson, Tuhin Kanta Pandey plans said that the market regulator is reviewing NSE’s IPO proposal. Earlier the exchange had sought Sebi approval for its public issue.

Cues To Watch

While D-Street will remain closed for the week, markets across the globe are expected to factor in the impact of the heightened trade tensions between the US and China. US has imposed 245 per cent tariffs on Chinese imports and China is likely to resume negotiations following the imposition, urging the US to halt its aggressive tactics.