Sensex & Nifty Stock Market Live Updates April 17: Indian Indices Rebound Strongly, Close Around 2% Higher

Markets witnessed a strong rebound today with the Sensex and Nifty closing nearly 2% higher, led by broad-based buying across sectors. Asian indices extended gains, mirroring positive sentiment, while European markets traded mixed. US futures pointed to a higher opening. Meanwhile, the Indian Rupee appreciated mildly against major currencies, adding to the overall optimism.

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Stock Market Highlights, April 17:

• Indian Markets Rally Strongly: Both Sensex and Nifty closed nearly 2% higher, with Sensex at 78,553.20 (+1.96%) and Nifty at 23,851.65 (+1.77%).
• Asian Markets Positive: Major Asian indices are higher, with Japan’s Nikkei gaining 1.35%, Hong Kong’s Hang Seng up 1.61%, and China’s Shanghai Composite marginally higher by 0.13%.
• Mixed Global Cues: While European markets traded lower mid-session, with indices like FTSE 100 and CAC 40 in the red, US futures indicated a positive open, with Dow Jones, NASDAQ, and S&P 500 futures up around 0.8–0.9%.
   

Indian Market Closing Cues

Sensex Closing Today: 78,553.20 (1.96%)
Nifty Closing Today: 23,851.65 (1.77%)
 

Asian Markets Performance

Nikkei: 34,377.60 (1.35%)
Hang Seng: 21,395.14 (1.61%) 
Shanghai Composite: 3,667.00 (0.13%) 
 

European Market Mid-Session Update

FTSE 100: 8,222.84 (-0.64%)
DAX: 21,254.86 (-0.26%)
CAC 40: 7,293.04 (-0.50%)
STOXX 50: 4,944.45 (-0.44%)
 

US Market Live Today

Dow Jones Futures Today: 40,176.00 (0.81%)
NASDAQ Futures Today: 18,562.75 (0.97%)
S&P 500 Futures Today: 5,352.00 (0.87%)
*As of 15:33 IST

Gold Price Today

Gold prices in India have increased considerably today with 22K gold at ₹8,920 per gram and 24K gold at ₹9,731 per gram. 

Silver Price Today

Silver rates today have remained stable today at ₹100.00 per gram.

Sensex & Nifty: Afternoon Update

Nifty 50: 23,642.10 (0.87%)
BSE Sensex: 77,779.85 (0.95%)
*As of 12:22 IST

Key Factors Impacting INR Today:

• Mild INR Strength Against Major Currencies: The Indian Rupee showed slight appreciation against the USD, EUR, and GBP, indicating a positive short-term sentiment, possibly supported by stable domestic factors or foreign inflows.
• Stronger Performance Against Yen: INR/JPY rose by 0.57%, reflecting a significant gain against the Japanese Yen, which may possibly be due to stronger risk appetite or divergence in interest rate outlooks between India and Japan.
• Weaker Dollar Despite Positive DXY: Even though the Dollar Index (DXY) rose 0.34%, USD/INR dropped slightly. This may mean that Rupee’s performance was driven more by local strength or regional currency support than broad dollar movement.
   

Currency Market Overview:

USD/INR: 85.5455 (-0.088%)
Dollar Index (DXY): 99.61 (0.34%)
EUR/INR: 97.2000 (-0.38%)
GBP/INR: 113.0485 (-0.29%)
JPY/INR: 0.6001 (-0.53%)
*As on 10:59 AM

Stock Market Outlook Today:

• Potential Flat-to-Positive Start: Gift Nifty at 23,432 hints at a steady opening. Max Pain levels for Nifty and Bank Nifty potentially indicate consolidation near current levels.
• US Tech Sell-Off vs Asian Strength: Nasdaq dropped over 3%, but Asian markets like Nikkei and Hang Seng are trading higher; mixed global cues.
• FII Buying Offers Support: FIIs net bought ₹3936 crore, while DIIs booked profits. Strong FII inflow may help absorb global volatility.
   

Indian Market Cues:

Gift Nifty : 23432.00 (0.71%)
Nifty PCR: 0.9457
Nifty Max Pain: 23300
Bank Nifty PCR: 1.1546
Bank Nifty Max Pain: 52300
Nifty Previous Closing: 23,437.20 (0.47%)

Global Market Cues (US Indices):

Dow Jones: 39,669.39 (-1.73%)
Nasdaq: 16,307.16 (-3.07%)

Asian Markets: 

Nikkei: 34,211.01 (0.86%)
Hang Seng: 21,398.89 (1.62%)
Shanghai Composite: 3,669.77 (0.21%)

Crude Oil Prices

63.21 (1.20%)

Bond Yields

US 10-Year Treasury Yield: 4.309% (0.03%)

FII/DII Activity

Foreign Institutional Investors (FIIs) Net Buy/Sell: 3936.4
Domestic Institutional Investors (DIIs) Net Buy/Sell: -2512.8
*As of 10.01 IST

This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.