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Explore top gainers like JBM Auto and Emcure Pharmaceuticals, and more
On April 16, 2025, the Indian stock markets proved resilient against the tide of global turmoil. The BSE Sensex and Nifty 50 indices eked out infinitesimal losses, each by 0.2%, to close at 76,571.6 and 23,292.30, respectively. This consistency came after a robust 4% rally over the past two days, showcasing investor confidence in India's domestic economic fundamentals.
Market Overview
Indian equities have survived the reciprocal tariffs by the U.S. on April 2. For example, the index MSCI Asia ex-Japan has declined about 5% so far. Analysts suggest that the several factors account for the Indian market towards resisting the coup by trade with America, including prophecy for good monsoons, rosy foreign investor interest, and lowest in the past five years in domestic retail inflation.
Sectoral Performance
Banking Sector: For the second day running, Bank stocks jumped higher by 0.8%. This has been attributed to an uplifting economic condition from reduced savings deposit rates by other major lenders then promise improved net interest margins. IndusInd Bank was a major driver after amending the estimated effect of discrepancies in the derivatives accounts from 2.35% to 2.27% of the net worth after an external agency investigation.
Information Technology and Auto Sectors: This duo comprised the majority of losers with IT stocks ended 0.7% lower while auto shares fell 0.6%. The reason for such declines stems from global trading and possible effects on their export-driven industries.
Mid and Small-Cap Indices: The broader market added some positive caps with mid caps and small caps up 0.5% and 0.7%, respectively, suggesting remaining investor interest diversified portfolios away from blue-chip stocks.
Top Gainers
Major gains were recorded in stocks in just about every sector:
JBM Auto: The auto ancillary company ended the day at ₹692.85, up 10.85%. Optimism about possible tariff reprieves for auto components is what reportedly drove the increase.
Gujarat Mineral Development Corporation: Shares increased to ₹315.60 at a gain of 9.97% from demand for mining and mineral resources.
Engineers India: The company saw its value rise with its stock price going up 7.76% to ₹182.43 as it was performing very well from the infrastructure sector.
Emcure Pharmaceuticals: Increased by 7.53% from ₹1,023.50 based on the company's good quarterly earnings.
DOMS: This printing and stationery company closed the day at ₹2,801.70, up 6.58%, as demand continued to grow for office supplies.
Olectra Greentech: The telecommunications service provider's stock gained 6.56%, ending at ₹1,257.30, reflecting investor interest in green technology solutions.
Aegis Logistics: Shares advanced by 6.19% to ₹813.50, supported by increased activity in the transport and logistics sector.
Gujarat Ambuja Exports: The stock of this food processing company rose by 6.06%, now on the upward move at ₹127.49, boosted by buoyant demand in the FMCG sector..
Swan Energy: Shares of Swan Energy, a trading firm, have gone up by 5.86% to trade at ₹438.20, demonstrating a positive market sentiment.Indian Renewable Energy Development Agency: The stock of the power generation and distribution company jumped by 5.83% to ₹176.72, following an increase of 49% in the year-over-year consolidated net profit for the March quarter, which reached ₹502 crore.
Investor Sentiment and Outlook
Investors are shifting their gaze toward those sectors that have been pegged for strong domestic demand and have low overseas trade exposure. The analysts from Jefferies and JP Morgan rated banking, power, telecoms, consumer goods, and property as value territories. They are viewed as insulated from the impact of international trade tension, and they stand to benefit from the growth-oriented fiscal and monetary policies being extended by India.
Despite foreign investors dumping ₹34,600 crore ($4 billion approximately) in selling this month, domestic institutional investors have continued buying, putting in around ₹25,600 crore ($3 billion) in the markets. This domestic support has lent weight to the stock benchmarks in the midst of international uncertainties.
The Indian Stock Market is proving its resilience against international economic headwinds, buoyed by a strong domestic economic structure, sectoral investments, and participation from the domestic investor base. With the market traversing through the adverse effects of the international trade tensions and economic changes, the sectors that have shown strengths in domestic demand and limited external dependence would grow.