Weekly market update, Apr 25, 2025

The benchmark equity indices extended their recovery for yet another week, yet limiting their weekly gains, weighed by investor anxiety over geopolitical tensions following the militant attack in Kashmir’s Pahalgam. This came after a phase of consolidation. Last week, the Nifty 50 index rose 0.79 per cent, while the BSE Sensex lost 0.84 per cent. In the broader market, the BSE MidCap rose 1.11 per cent, while SmallCap ended almost flat. On sectoral front, the sharp rebound in the IT sector stood out as a key driver. Additionally, the auto, pharma, and real estate sectors also posted gains. Conversely, financials and fast-moving consumer goods (FMCG) sectors ended the week in the red.

Analysts expect that geopolitical developments between India and Pakistan, quarterly earnings and macro data will be the key drivers of stock markets in the holiday-shortened week. Trading activity of foreign investors, who were sustained buyers in the Indian market last week, and global trends would also guide movement in the market this week. Equity markets will remain closed on Thursday for ‘Maharashtra Day’.

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