FACT Jumps 13.8%; Gold Nears ₹96,000 Amid Trade Tensions & More
- Share.Market
- 8 min read
- 17 Apr 2025
17 April 2025
Highlights
Benchmark indices rallied for the fourth straight session, driven by strong gains in banking and financial services, despite mixed global cues amid US-China tariff tensions. Nifty 50 rose 1.77%, Sensex climbed 1.96%. All sectors ended in the green, with Nifty Financial Services leading the pack, up 2.27%.
Headline Indices
Sectors at a Glance
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty Financial ServicesNIFTY FIN SERVICE | +2.27%+579.50 | 26071.60 |
 Nifty Private BankNIFTY PVT BANK | +2.23%+593.15 | 27149.75 |
 Bank NiftyNIFTY BANK | +2.21%+1172.45 | 54290.20 |
Top Losers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty MetalNIFTY METAL | +0.26%+21.70 | 8476.50 |
 Nifty ITNIFTY IT | +0.23%+76.85 | 33372.35 |
 Nifty MediaNIFTY MEDIA | +0.23%+3.55 | 1581.15 |
*Prices shown may have delay up-to 15 minutes
What moved the market?
Top Gainers
*Prices shown may have delay up-to 15 minutes
Stocks In the New
Shares of FACT and other chemical stocks surged 10% as rising soda ash prices improved profit prospects for producers across the glass, detergent, and chemical industries.
Waaree Renewable Technologies shares surged after delivering stellar Q4 FY25 results, with net profit soaring 83% year-on-year, reflecting strong business momentum and robust growth.
KFin Technologies rose after acquiring a 51% stake in Singapore-based Ascent Fund Services for $34.7 million, aiming for full ownership in five years.
Suzlon Energy surges as it secures a 100.8 MW wind order from Sunsure Energy, boosting renewable momentum.
Wipro shares dropped after the company issued a weak Q1 FY26 outlook and delivered mixed quarterly results.
India & The World
- UNCTAD projects India’s economy to grow 6.5% in 2025, remaining the world’s fastest-growing major economy. Growth will be driven by public spending and rate cuts, despite global uncertainties.
- Gold hit a new record of ₹95,935 per 10g on MCX, rising for the second day. Strong demand, U.S. trade policy uncertainty, and a weaker dollar boosted prices.
- The WTO warns global trade may shrink in 2025 due to Trump’s high tariffs. It now expects a 0.2% decline instead of 2.7% growth, with U.S. trade most affected.
- Brent crude rose above $66 per barrel as fresh U.S. sanctions on Iran and new OPEC+ output cut plans sparked supply concerns, pushing oil prices higher for a second day.
- Silver slipped to $32.50 per ounce as traders booked profits after a strong rally. Prices had surged recently on global trade tensions and rising demand for safe-haven assets like gold.
Back to Basics
Bilateral Trade Agreement
A Bilateral Trade Agreement (BTA) is a deal between two countries to make trade easier by reducing tariffs, easing import rules, or opening up markets.
It’s like setting fair terms with a trusted partner: “I’ll lower the barrier for your goods if you do the same for mine.”
BTAs help:
- Improve market access
- Boost export competitiveness
- Deepen economic cooperation
- Job creation
When done right, BTAs benefit businesses and consumers in both countries through smoother, more predictable trade flows.
