Stock Market Today Highlights: Domestic benchmark indices Nifty 50 and BSE Sensex rebounded from a weak start to end higher on Friday, April 17, supported by improving geopolitical sentiment and renewed foreign institutional investor (FII) inflows.
The Nifty 50 settled at 24,353.55, gaining 156.80 points or 0.65%, while the Sensex advanced 504.86 points, or 0.65%, to close at 78,493.54.
According to market experts, the positive momentum was driven by easing tensions in West Asia and a shift in FII activity back into net buying territory, boosting overall investor confidence.
In terms of sectors, all indices on the NSE concluded on a positive note. The Nifty FMCG index witnessed a significant increase of 2.65%, driven by price increases, robust business reports, and favorable valuations.
The Nifty Media index climbed by 1.39%, while the Nifty Metal index grew by 1.06%. The Nifty PSU Bank saw a rise of 0.70%, and the Nifty Realty index surged by more than 1%. Additionally, the Nifty Auto index ticked up by 0.20%.
Globally, Asian markets fell, while the US stock market ended higher overnight, with Nasdaq rising for the 12th consecutive session, its longest winning streak since July 2009.
Meanwhile, a 10-day ceasefire between Lebanon and Israel went into effect on Thursday. US President Donald Trump said the next meeting between the United States and Iran may take place over the weekend. Trump said Iran had offered not to possess nuclear weapons for more than 20 years.
Gold Rate Today
Gold prices were largely steady, but on track for a fourth straight weekly gain, as hopes for a US-Iran peace deal eased fears of higher inflation and elevated interest rates.
Spot gold price was flat at 4,789.67 per ounce, but up 0.9% for the week. US gold futures for June were steady at $4,809.30. Spot silver price eased 0.2% to $78.26 per ounce. However, silver prices headed for a fourth straight weekly gain.
MCX gold rate for June futures contracts were trading 0.01% higher at ₹1,53,168 per 10 grams. MCX silver prices for May futures contracts were up by ₹1,672, or 0.67%, at ₹2,50,300 per kg.
Stay tuned to this section for the live updates on the Indian stock market today.