Stock markets decline; trade lower dragged down by Axis Bank
The Hindu
Sensex and Nifty rebound in early trade but later decline, dragged lower by Axis Bank, amid global market rally.
Equity benchmark indices Sensex and Nifty rebounded in early trade on Friday (April 25, 2025) amid continuous foreign fund inflows and a rally in global markets, but failed to carry forward the winning momentum and were later trading lower dragged lower by Axis Bank.
The 30-share BSE benchmark gauge climbed 329.23 points to 80,130.66 in early trade. The NSE Nifty rallied 118.75 points to 24,365.45.
However, later both the benchmark indices gave up early gains and were trading lower. The BSE benchmark traded 174.24 points lower at 79,627.19, and the Nifty quoted 94.35 points down at 24,152.35.
From the Sensex firms, Axis Bank declined 3.50% after the country’s third largest private sector lender reported a marginal decline in March quarter profit to ₹7,117 crore from ₹7,130 crore in the year-ago period.
Adani Ports, Bajaj Finance, Bajaj Finserv, Tata Motors, Tech Mahindra and Eternal were also among the laggards.
However, Tata Consultancy Services, Infosys, Reliance Industries, HCL Tech, HDFC Bank and ICICI Bank were the biggest gainers.
In Asian markets, South Korea’s Kospi index, Tokyo’s Nikkei 225, Shanghai SSE Composite and Hong Kong’s Hang Seng were trading in the positive territory.
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