Equity benchmark indices Sensex and Nifty ended decrease on Thursday (April 24, 2025) amid profit-taking after a seven-day rally and disappointing earnings from Hindustan Unilever.
Selling in blue-chips ICICI Bank, Bharti Airtel and a largely muted development in Asian and European equities additionally dragged the markets decrease.
The 30-share BSE benchmark declined 315.06 factors or 0.39% to settle at 79,801.43. During the day, it dropped 391.94 factors or 0.48% to 79,724.55.
The NSE Nifty went down by 82.25 factors or 0.34% to 24,246.70.
In the previous seven buying and selling days, the BSE benchmark gauge zoomed 6,269.34 factors or 8.48% and the Nifty jumped 1,929.8 factors or 8.61%.
From the Sensex corporations, FMCG main Hindustan Unilever Ltd (HUL) dropped 4% after the agency reported a decline of three.35% in consolidated web revenue at ₹2,475 crore for the fourth quarter ended March 31, 2025 on decrease margins.
Bharti Airtel, ICICI Bank, Eternal, Mahindra & Mahindra, HCL Technologies, HDFC Bank, Kotak Mahindra Bank, Tata Consultancy Services and Bajaj Finance have been additionally among the many laggards.
Nestle India Ltd on Thursday reported a 6.5% decline in consolidated web revenue at ₹873.46 crore for March quarter of FY25 because the FMCG business confronted meals inflation and moderation in city consumption.
IndusInd Bank, ExtremelyTech Cement, Tata Motors, Tech Mahindra, Titan and Asian Paints have been among the many gainers.
“The domestic market witnessed mild profit-booking after the recent rally. Similarly, global markets too experienced selling pressure as the market participants scaled back the possibility of a quick resolution of tariff disputes between the U.S. and China.
“FMCG majors’ This autumn outcomes have been weak, impacted by subdued volumes and margin strain, which led the sector to underperform,” Vinod Nair, Head of Research, Geojit Investments Limited, said.
In Asian markets, South Korea’s Kospi index and Hong Kong’s Hang Seng settled lower while Tokyo’s Nikkei 225 and Shanghai SSE Composite ended in the positive territory.
European markets were quoting lower.
U.S. markets ended sharply higher on Wednesday. Nasdaq Composite jumped 2.50%, S&P 500 surged 1.67% and Dow Jones Industrial Average climbed 1.07%.
Global oil benchmark Brent crude dipped 0.03% to $66.10 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth ₹3,332.93 crore on Wednesday, according to exchange data.
The BSE benchmark jumped 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18, on Wednesday. The Nifty rallied 161.70 points or 0.67% to 24,328.95.
Published – April 24, 2025 05:50 pm IST
