Market News
3 min read | Updated on April 16, 2025, 13:55 IST
SUMMARY
NIFTY50 and SENSEX traded flat in mid-afternoon on April 16, while broader indices like NIFTY Midcap100 and NIFTY Smallcap100 outperformed. HDFC Bank, Eicher Motors, and SBI Cards hit 52-week highs in today's trading session.
Broader market indices like NIFTY Midcap100 (+0.6%) and NIFTY Smallcap100 (+1.0%) outperformed today
NIFTY50 and SENSEX are trading flat in the mid-afternoon session. At 12:30 PM, the SENSEX was up 51 points, or 0.06%, at 76,786, while the broader NIFTY50 index rose 26 points, or 0.11%, to 23,355.
Broader market indices like NIFTY Midcap100 (+0.6%) and NIFTY Smallcap100 (+1.0%) performed relatively better compared to benchmark indices. Despite flat market, as many as 46 stocks hit a 52-week high on NSE.
The volatility index, or India VIX, declined over 3% to 15.6. Among the key sectoral indices, NIFTY PSU Bank (+2.0%) and NIFTY Media (1.0%) were the top gainers, while NIFTY Auto (-0.4%) and NIFTY Metal (-0.3%) were the top losers.
Stock | Today’s change* |
---|---|
IndusInd Bank | 777 ▲ 41 (+5.7%) |
Axis Bank | 1,157 ▲ 45 (+4.0%) |
Trent | 4,994 ▲ 117 (+2.4%) |
HDFC Life | 718 ▲ 13 (+1.8%) |
Eicher Motors | 5,620 ▲ 91 (+1.6%) |
Here’s a look at three major stocks that touched their 52-week highs on Tuesday:
HDFC Bank reported 7.7% YoY growth in advances under management to ₹27.73 lakh crore as of March 31, 2024. The private lender's period-end average deposits rose 14.1% to ₹27.14 lakh crore as of March 2025. The company will announce its Q4 results on April 19.
Earlier this month, the company’s flagship two-wheeler bike, Royal Enfield, surpassed a historic 1 million annual sales milestone in FY25. The company posted sales of 10,09,900 units, up 11% YoY. Domestic sales grew to 9,02,757 units from 8,34,795 units in FY24, while exports rose 37% to 1,07,143 units.
As per experts, factors such as falling interest rates, improved liquidity in the markets, RBI's softer stance on unsecured loans and potential tax cuts are likely to support SBI Cards' stock price.
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