Stock markets decline; trade lower dragged down by Axis Bank

Kaumi GazetteBusiness25 April, 20258.2K Views

The 30-share BSE benchmark gauge climbed 329.23 factors to 80,130.66 in early trade. The NSE Nifty rallied 118.75 factors to 24,365.45. File
| Photo Credit: PTI

Equity benchmark indices Sensex and Nifty rebounded in early trade on Friday (April 25, 2025) amid steady overseas fund inflows and a rally in international markets, however failed to hold ahead the successful momentum and had been later buying and selling lower dragged lower by Axis Bank.

The 30-share BSE benchmark gauge climbed 329.23 factors to 80,130.66 in early trade. The NSE Nifty rallied 118.75 factors to 24,365.45.

However, later each the benchmark indices gave up early positive factors and had been buying and selling lower. The BSE benchmark traded 174.24 factors lower at 79,627.19, and the Nifty quoted 94.35 factors down at 24,152.35.

From the Sensex companies, Axis Bank declined 3.50% after the nation’s third largest personal sector lender reported a marginal decline in March quarter revenue to ₹7,117 crore from ₹7,130 crore within the year-ago interval.

Adani Ports, Bajaj Finance, Bajaj Finserv, Tata Motors, Tech Mahindra and Eternal had been additionally among the many laggards.

However, Tata Consultancy Services, Infosys, Reliance Industries, HCL Tech, HDFC Bank and ICICI Bank had been the largest gainers.

In Asian markets, South Korea’s Kospi index, Tokyo’s Nikkei 225, Shanghai SSE Composite and Hong Kong’s Hang Seng had been buying and selling within the constructive territory.

U.S. markets ended considerably increased on Thursday (April 24, 2025). Nasdaq Composite jumped 2.74%, S&P 500 surged 2.03% and Dow Jones Industrial Average climbed 1.23%.

Foreign Institutional Investors (FIIs) purchased equities price ₹8,250.53 crore on Thursday (April 24, 2025), in keeping with change information.

Global oil benchmark Brent crude climbed 0.53% to $66.90 a barrel.

The 30-share BSE benchmark declined 315.06 factors or 0.39% to settle at 79,801.43 on Thursday (April 24, 2025). The Nifty went down by 82.25 factors or 0.34% to 24,246.70.

Loading Next Post...
Loading

Signing-in 3 seconds...

Signing-up 3 seconds...