Today’s Indian Stock Market Update
April 17, 2025
Market Overview
Indian benchmarks closed slightly lower as IT stocks dragged, with the Nifty 50 down 0.14% to 23,405.25 and the Sensex easing 0.06% to 77,000.
IT Sector Impact
Shares of Wipro plunged 5.5% after missing Q4 revenue targets and forecasting a 1.5–3.5% sales decline this quarter.
Infosys also dipped 1.5% ahead of its earnings, dragging the Nifty IT index down 2%.
According to ET Markets, the Nifty IT index closed 0.47% lower at 37,644.4 points.
Business Standard reports deeper sector weakness, with certain large caps slipping over 4%.
Financial Sector & Key Movers
- ICICI Bank rose 1.9%, bolstering the Nifty Financials index.
- HDFC Bank gained 1%, continuing its strong performance.
- Waaree Renewable Technologies jumped 10% on stellar Q4 earnings.
- Angel One fell nearly 4% after reporting a 49% drop in quarterly profit.
Rupee Rally
The Indian rupee strengthened 0.8% to 85.3675 against the U.S. dollar, marking its best weekly performance since March 17 14 and aligning with large FPI inflows of over $1 billion in two sessions.
Regulatory Update
SEBI is working to resolve governance and stakeholder issues delaying the NSE’s IPO, emphasizing public interest over speed of listing.
Financial Express notes that SEBI’s recent concerns may extend the IPO timeline by up to two more years unless key reforms are implemented.
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