📊 Sensex Rebounds 1,500 Points, Tops 78K: 8 Key Reasons Behind the Market Comeback
India’s stock markets staged a dramatic rebound on Thursday (April 17, 2025), ahead of the Good Friday holiday.
🔹 Sensex surged over 1,500 points, reclaiming the 78,000 mark
🔹 Nifty50 jumped ~450 points, hovering near 23,750
Here’s what powered the bulls on Dalal Street today:
🌏 1. Positive Global Cues
Asian markets rallied amid optimism on US-Japan trade talks and dovish Fed signals.
🔹 Nikkei rose 1.4%
🔹 US futures also surged
Despite tariff worries, sentiment remained resilient.
🏦 2. Buying in Heavyweights
Heavyweights led the charge:
💼 HDFC Bank + ICICI Bank: Contributed ~450 pts to Sensex
🛢️ Reliance Industries: Added 150 pts
📱 Bharti Airtel: Boosted rally by 125 pts
💸 3. Rupee Appreciation
The Indian Rupee gained for the fourth day in a row 📈, thanks to:
🔹 Strong economic indicators
🔹 FII inflows
🔹 Weakening US Dollar amid tariff tensions
🛢️ 4. Lower Oil Prices
🛢️ Crude prices remain under $70/barrel, despite a modest rise.
Sanctions on Iran and OPEC’s tighter output contributed to stable prices—a big plus for India as a major oil importer.
🛍️ 5. Strong Domestic Demand & FII Interest
📊 Domestic consumption-led sectors are in focus:
🔹 Financials, Telecom, Cement, Aviation, Autos
📈 Many stocks are hitting 52-week highs
🌐 FIIs turning net buyers due to India’s relatively lower exposure to global trade volatility
“India is the only large market to erase post-April 2 losses,”
said VK Vijayakumar, Chief Strategist at Geojit.
🌧️ 6. Normal Monsoon Forecast
🌦️ IMD predicts above-average monsoon for 2025—
💡 Good news for agriculture, inflation, and rural demand
Also boosts export potential for rice and other crops
📉 7. Cooling Inflation
📉 Retail inflation dipped to 3.34% in March—
its lowest since September 2019
🔸 Driven by softening food prices
🔸 Offers RBI room for growth-friendly policy
📆 8. Weekly Expiry & Short Covering
Thursday marked the weekly expiry of Nifty futures.
🔄 Traders covered short positions
⚠️ Many avoided overnight trades ahead of the long weekend
🔍 Technical Snapshot
📈 RSI trend remains positive
🔹 Nifty resistance: 23,502 – 23,681
🔹 Support: 23,208 – 23,144
📌 Trend-deciding level: 23,387
