The biggest weekly lead of 4 years in markets – The biggest weekly lead of 4 years in markets

The Indian Equity Benchmark climbed nearly two per cent on Thursday and thus the indices ended a small business week with their strongest weekly performance in about four years. This boom was made from the sentiment by taking a new risk after progress in business talks and increase in tariff exemption. Private banking stocks led to an edge as the deposit rate cut has increased margin expectations. That the purchase of foreign portfolio investors (FPIs) also led to a boost.

The Sensex rose by 1,509 points, or 1.96 per cent, closed at 78,553 while the Nifty ranked at 23,852 with an increase of 415 points or 1.7 per cent. During the week, both indices recorded a jump of 4.5 per cent, which is their best performance after 5 February 2021. The total market capitalization of firms listed in BSE rose by Rs 4.6 lakh crore to Rs 419.6 lakh crore.

Private banks maintained their dominance in the boom of the Sensex. Recently cuts in deposit rates have indicated to improve their net interest margin. ICICI Bank (3.7 per cent gain) was the most contributed. After that Reliance Industries (2.9 percent) and HDFC Bank (1.5 percent) were ranked. HDFC Bank and ICICI Bank touched record height during the session.
The FPI on Thursday invested Rs 4,668 crore while domestic institutions sold Rs 2,006 crore. During the week, FPI bought shares worth Rs 14,670 crore which is reversed by their previous selling due to US trade policy concerns and weak income of Indian companies.

Analysts blamed the sentiments for this change after short-coating and American tariff exemption. The boom in domestic equity shows the rise in global bounce after US President Donald Trump extends tariff exemption for countries involved in business talks. Investors are now waiting for further progress in the conversation, which can save heavy import taxes. Meanwhile, India’s current income session is expected to promote share special activities.

Zeepy Finean. Services’ research head Vinod Nair said, “Large-cap stocks today saw a strong rise in the hopes of improving margin due to changes in interest rates on savings account deposits, which came mainly due to the financial sector.” The inverter in FII investment further strengthened the positive feeling. However, there is uncertainty about the stability of this trend. The ratio of the market climbing and falling shares was strong and 2,396 shares rose while 1,563 declined.

Ajit Mishra, Senior Vice President (Research), Railways Broking, said, Nifty is now trading around its previous swing high 23,800, so the attention will be on the income announcements of the legendary companies. We will continue to advocate the purchase strategy on the decline, with priority to sensitive areas towards rates for longer trade, while other areas will remain selective.

First Published – April 17, 2025 | 10:15 PM IST

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