India’s stock market surged for the third straight session on April 16, 2025, with the Nifty 50 and Sensex gaining over 0.4% as 78 stocks hit 52-week highs. Key sectors such as banking led the rally, overcoming global trade war concerns. Market experts observed strong domestic and foreign investor participation ahead of Q4 earnings announcements.
India’s stock market witnessed a continued upward trend on April 16, as benchmark indices Sensex and Nifty 50 gained for the third straight session. The rise was supported mainly by banking sector strength, even as global markets remained cautious due to ongoing trade war tensions.
The Nifty 50 climbed 0.47% to close at 23,437.20, while the Sensex rose 0.4% to end at 77,044.29. Over the last three sessions, Nifty 50 has advanced by 4.6%, driven by favorable monsoon expectations, U.S. tariff relaxations, and potential domestic interest rate cuts.
On Wednesday, 78 stocks reached their 52-week highs, including major names such as Bharti Airtel, HDFC Bank, Shree Cement, and AstraZeneca Pharma India. Meanwhile, 30 stocks fell to their 52-week lows, including Sheela Foam and Kesoram Industries.
Bonanza Portfolio analyst Vaibhav Vidwani highlighted strong performances in the banking and media sectors, with IndusInd Bank and Axis Bank showing notable gains. In contrast, the auto and pharmaceutical sectors experienced minor corrections.
Despite early-week concerns tied to global tariff disputes, Indian equities rebounded strongly, becoming the first major market to fully recover losses from the US reciprocal tariff announcement on April 2.
Technical outlook by LKP Securities’ Rupak De suggests a positive sentiment for Nifty 50 as long as it stays above the 23,300 level, with resistance expected at 23,650.
Investors remain cautious but optimistic as they await Q4 earnings reports from India’s top IT and financial firms, which are expected to set the tone for upcoming market movements.
