FMCG & Pharma Up, HDFC Bank Scales New Heights, IndusInd Drops
Written by - Fisdom Research
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April 22, 2025
2 minutes
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Market Snapshot
Domestic indices Nifty 50 and Sensex extended their rally for the sixth straight session, though gains were more modest compared to previous days.
The Banking sector saw strong traction after the RBI released final LCR guidelines, which were significantly softer than the draft.
RBI noted that the revised norms could lead to a 600 bps improvement in LCR at the aggregate level for the banking industry.
The Nifty FMCG index surged nearly 2%, driven by positive sentiment after UBS turned constructive on the consumer staples sector.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY REALTY
2.4
NIFTY PSU BANK
0.8
NIFTY FMCG
1.9
NIFTY PHARMA
0.4
NIFTY CONSUMER DURABLES
1.5
NIFTY AUTO
0.4
NIFTY HEALTHCARE INDEX
0.8
NIFTY PRIVATE BANK
0.3
Top News
FMCG and pharmaceutical stocks saw strong buying interest, with the Nifty FMCG index rising up to 1.7% led by Colgate-Palmolive, Emami, and Radico Khaitan, while the Nifty Pharma index gained 0.7% on broad-based strength.
HDFC Bank surged 2% after becoming the third Indian company to cross Rs 15 lakh crore in market cap, backed by a strong Q4FY25 earnings report showing a 6.7% YoY rise in net profit.
IndusInd Bank fell 5% amid reports of a second audit into alleged discrepancies in its microfinance interest practices and forex derivatives accounting
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
ITC
2.4
INDUSINDBK
-4.8
HINDUNILVR
2.2
POWERGRID
-2.1
HDFCBANK
1.7
HEROMOTOCO
-2.0
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