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Nifty 50 Holds Strong Above 23,400—Investors Eye Next Big Move! | BNP Paribas Mutual Fund

Nifty 50 Holds Strong Above 23,400—Investors Eye Next Big Move!

Indian Developments

The Indian stock market has staged a strong rebound in the week ending April 17, 2025, with benchmark indices reaching multi-month highs. FIIs turned net buyers, injecting liquidity infusing Rs 3936.42 Crore into the market and supporting the rally.

Weakness in U.S. and Asian markets, driven by concerns over trade tensions and inflation, impacted domestic equities. RBI announcement of rate cut and shifted the stance to accommodative aimed to support economic growth. Rising crude oil prices and fluctuations in metal prices influenced market sentiment.

Gold prices in India reached a new high on Wednesday, April 16, as MCX prices reached ?94,919.

For the week ending April 17, 2025, the Nifty 50, Nifty Midcap 150, and Nifty Small Cap 250 indices recorded impressive gains of 6.48%, 6.35%, and 7.71%, respectively, reaching their highest levels in four months.

Sectoral Developments

Stock markets experienced a notable gain during the week ending on 17th April 2025. Banking stocks were the top gainers, recording 8.06% gains. Followed by Nifty Financial Services (8.03%), Nifty Metal ( 8.10%), Nifty Realty ( 8.30%), Nifty Energy ( 7.09%).

Amid the mix of geopolitical developments, U.S. inflation data, and central bank policies IT and FMCG stocks emerged as the weakest performers, with modest gains of 2.63% and 2.55%, respectively.

Global Developments

The global stock markets experienced mixed performances for the week ending April 17, 2025, influenced by economic data, trade tensions, and corporate earnings.

Hang Seng Index closed lower on Wednesday as investors were cautious over the ongoing trade war between the US and China.FTSE index closed higher on as investors were optimistic after softer-than-expected inflation data ,US’s exemption of smartphones and computers from steep Chinese tariffs and lower bond yields boosted housing and real estate stocks. Nikkei Index closed lower on Wednesday owing to losses in chip-related stocks after the US government’s decision to curb exports of Nvidia’s key chip to China.

US stock market Indices , include Nasdaq 100, S&P 500 and Dow Jones Indus. Avg declined by 4.6%, 3.2% and 2.30% respectively. Among European indices, FTSE emerged as the best performing market and marked the highest gains of 7.9% ,Nikkei 225 surged by 6.9%. Asian Markets were relatively during the week with Kospi ended the week with gains of 6.7%, Hang Seng by 3.2%, and Shanghai with modest gain of 2.80%.

Other Markets:

  • Brent crude prices Increased to around $ 66.61 per barrel.
  • The rupee was appreciated to 85.37 levels against the US dollar on the back of RBI intervention.
  • The Gold spot price stood at ~Rs 94,629- per 10 grams.
  • The 10 Year Benchmark G-Sec yield closed at 6.37% this week.

Source: www.nseindices.com; google finance, MCX Gold Prices; www.rbi.org.in; Morningstar and tradingeconomics.com, ccilindia.com, Economic times

Data for week ended on April 17th , 2025.

Disclaimers:

The views and investment tips expressed by experts are their own and are meant for informational purposes only and should not be construed as investment advice. Investors should check with their financial advisors before taking any investment decisions.

The word ‘more’ does not imply more returns or assurance of scheme performance.it refers to the additional value provided by the joint venture, as compared to Baroda AMC and BNP Paribas AMC individually.

In the preparation of the material contained in this document, Baroda BNP Paribas Asset Management India Ltd. (“AMC”) (formerly BNP Paribas Asset Management India Private Limited) has used information that is publicly available, including information developed in-house. The AMC, however, does not warrant the accuracy, reasonableness and/or completeness of any information. This document may contain statements/opinions/ recommendations, which contain words, or phrases such as “expect”, “believe” and similar expressions or variations of such expressions that are “forward looking statements”. Actual results may differ materially from those suggested by the forward looking statements due to risk or uncertainties associated with our expectations with respect to, but not limited to, exposure to market risks, general economic and political conditions in India and other countries globally, which have an impact on our investments, the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, etc. The AMC (including its affiliates), Baroda BNP Paribas Mutual Fund (“Mutual Fund”), its sponsor / trustee and any of its officers, directors, personnel and employees, shall not be liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this document in any manner. The recipient alone shall be fully responsible / liable for any decision taken based on this document. All figures and other data given in this document are dated and may or may not be relevant at a future date. Prospective investors are therefore advised to consult their own legal, tax and financial advisors to determine possible tax, legal and other financial implication or consequences of subscribing to the units of the schemes of Baroda BNP Paribas Mutual Fund.

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