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Earnings Miss Weigh on Angel One and Wipro, While KFin Tech Shines on Strategic Acquisition
Earnings Miss Weigh on Angel One and Wipro, While KFin Tech Shines on Strategic Acquisition
Written by - Fisdom Research
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April 17, 2025
2 minutes
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Market Snapshot
Indian equities recorded their strongest weekly performance in over two years, with broad-based buying across sectors.
The Sensex, Nifty, and Nifty Midcap 100 each gained more than 4% during the holiday-shortened week.
Nifty Bank outperformed with a 6% weekly surge, marking its best week in nearly two years.
Financials led the rally, with Nifty Bank rising over 2% in a single day, driven by gains in HDFC Bank and ICICI Bank ahead of Q4 results.
Market breadth remained strong, with 44 out of 50 Nifty stocks ending in the green; top gainers included Eicher Motors, ICICI Bank, and Sun Pharma.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PRIVATE BANK
2.2
NIFTY HEALTHCARE INDEX
1.2
NIFTY PSU BANK
1.6
NIFTY AUTO
1.0
NIFTY OIL & GAS
1.2
NIFTY FMCG
0.6
NIFTY PHARMA
1.2
NIFTY CONSUMER DURABLES
0.6
Top News
Angel One shares fell sharply after reporting a 49% YoY drop in Q4 FY25 net profit and a 22% revenue decline, citing headwinds from F&O regulations and geopolitical volatility.
Wipro dragged the Nifty IT index lower with a 6% plunge, following disappointing Q4 results and weak revenue guidance, triggering broad sell-off in the tech space.
KFin Technologies rallied 8% intraday as investors cheered its strategic acquisition of a majority stake in Singapore-based Ascent Fund Services, marking continued expansion in global fund administration
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
ETERNAL
4.5
WIPRO
-4.1
SUNPHARMA
3.8
HINDALCO
-0.3
ICICIBANK
3.7
TECHM
-0.3
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