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WEEKLY MARKET REPORT
In the holiday-shortened week, Indian benchmark indices ended with the biggest weekly gains since February 2021, with a 5-year low inflation, soft crude oil prices, hopes of above-normal monsoon, and no harm from the escalating US-China trade war.
For the week, the BSE Sensex index surged 3,395.94 points or 4.51 percent to finish at 78,553.20, and Nifty50 added 1,023.1 points or 4.48 percent to end at 23,851.65.
Considering the broader indices, the BSE Large-cap Index rose 4.4 percent, while the BSE Mid-cap Index jumped 4 percent, and the BSE Small-cap Index also added 4.7 percent.
All the sectoral indices ended in positive territory with Nifty Realty and Private Bank indices surging 7 percent each, Nifty Bank index added 6.4 percent, Nifty PSU Bank index rose 5.6 percent, Nifty Media index jumped 5 percent, and Nifty Oil & Gas and Auto indices were up 4 percent each.
This week, Bharti Airtel added the most of its market value, followed by HDFC Bank, Reliance Industries, and ICICI Bank. On the other hand, Hindustan Unilever, Tech Mahindra, and Maruti Suzuki India lost most of their market capitalization.
FIIs reversed their trend of being net sellers for two consecutive weeks and became net buyers in the week ending April 17, purchasing equities worth ₹14,670.14 crore. Meanwhile, Domestic Institutional Investors (DIIs) sold equities worth ₹6,470.52 crore.
On April 17, the Indian rupee recorded its strongest weekly closing level since April 4, as it gained 68 paise against the US dollar for the week to close 85.37 per dollar against the April 11 closing of 86.05.
ECONOMY
Global trade faces a setback amid escalating US Tariffs
The World Trade Organization has made a sharp cut in its growth prediction for the year and has also mentioned that the U.S. tariffs and broader economic spillovers could lead to the biggest collapse since COVID.
The WTO said it expected trade in goods to fall by 0.2% this year, down from its expectation in October of 3.0% expansion.
The escalation of a trade war between the U.S. and China, including tariffs exceeding 100%, is fueling fears of economic decoupling between the two largest economies. The WTO warns that a full decoupling could shrink global GDP by 7% in the long term.
SEBI pushes to resolve issues and clear pa ath for NSE’s IPO
The Securities Exchange Board of India is working to resolve delays in the National Stock Exchange’s IPO. The country’s largest exchange first applied for a listing in 2016 but faced a long-running case over equitable access for its trading members.
After addressing some concerns, including paying ₹6.43 billion to settle a case, SEBI is now focused on clearing the path for the IPO. This move is expected to bring more transparency to India’s capital markets.
STOCKS IN NEWS
HDFC Bank
The Bank’s stock hit a four-month high with over a 7 percent increase this week after it slashed savings deposit rates for the first time in five years, boosting margin expectations. The bank also reduced fixed deposit rates ahead of its Q4 FY25 results, expected to show modest profit growth.
Tata Motors
Shares of the company surged 5 percent following U.S. President Donald Trump’s announcement of potential tariff exemptions on foreign auto imports. The company, which derives a significant portion of its revenue from the U.S. market, benefited from the positive sentiment. This development provided a much-needed boost to the Indian auto sector
Bharti Airtel
Bharti Airtel’s stock reached a six-month high this week, closing at ₹1,882.90 on April 17, 2025, driven by investor optimism ahead of its Q4 FY25 earnings. Analysts anticipate an 8 percent year-on-year revenue growth, supported by higher average revenue per user (ARPU) and an expanding subscriber base. The company is scheduled to announce its Q4 results on May 13, 2025.
Reliance Industries
Reliance Industries’ stock rose over 8 percent this week, closing at ₹1,274.50 per share. The uptrend was driven by bullish technical indicators and positive investor sentiment. Analysts remain optimistic about the company’s diversified business and growth outlook.
Source – Moneycontrol, Reuters
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