Indian benchmark indices recouped the previous session’s losses and ended higher on April 17 with Nifty above 24,300, supported by positive geopolitical developments. The market opened on a firm note amid favourable cues such as softer crude oil prices, a ceasefire between Israel and Lebanon, and optimism around upcoming US-Iran talks over the weekend. At close, the Sensex was up 504.86 points or 0.65 percent at 78,493.54, and the Nifty was up 156.80 points or 0.65 percent at 24,353.55.
More than 160 stocks touched their 52-week high on the BSE, including Lloyds Metals, Siemens, ABB India, and Tata Power. VST Industries shares surged over 9% after reporting a 120% jump in Q4 profit. Rail Vikas Nigam shares advanced 3% after securing a project worth ₹967.92 crore. The overall mood remained positive through the day, with buying seen in defensive sectors like FMCG and select banks.
Looking ahead, markets are likely to react first to the results of banking heavyweights such as HDFC Bank and ICICI Bank in early trade on Monday. The outlook remains cautiously positive, with a focus on quality stocks and strong earnings.
