Closing Bell: Markets End Lower After 7-Day Rally; Sensex Falls 315 Points on April 24, 2025

On Thursday, April 24, 2025, Indian stock markets saw profit booking after a strong 7-day rally. Investors remained cautious following a terror attack in Pahalgam, Jammu & Kashmir, and due to the monthly F&O expiry on the NSE.

The BSE Sensex started 60 points lower at 80,058, briefly touched a high of 80,174, but later declined steadily throughout the day. It hit a low of 79,725 before closing 315 points down at 79,801. With this, the Sensex ended its 7-day winning streak, during which it had risen over 6,200 points.

The NSE Nifty also traded in a narrow range of 131 points, hitting a high of 24,348 and a low of 24,216. It finally settled at 24,247, down 82 points. Still, the Nifty posted a 2.8% gain in the April F&O series, up 656 points.

Top Gainers and Losers

Hindustan Unilever was the top loser on the Sensex, falling 4% after reporting a slight dip in its Q4 net profit. Other major losers included Bharti Airtel, ICICI Bank, and Eternal (Zomato), which declined by 1-2%. On the flip side, IndusInd Bank surged over 3%, while UltraTech Cement, Tata Motors, and Titan also gained.

Read More, Top Gainers and Losers on April 24, 2025: Divi’s Labs Leads, Macrotech Developers Slides.

MidCap and SmallCap Performance

The broader market was mixed. The BSE MidCap index slipped 0.2%, while the SmallCap index ended flat. Overall, market breadth was slightly negative with over 2,000 stocks declining versus around 1,900 advancing on the BSE.

Sectoral Performance

Among sectors, FMCG and Realty were the worst performers, falling 0.8% and 1.4%, respectively. The Bankex dipped 0.4%. On the other hand, the Healthcare index gained 0.6%, and cement stocks saw strong buying interest.

Oil Prices   

As of April 24, 2025, at 04:16 PM, Brent Crude was trading at $66.60, up by 0.73%  

Conclusion

After a strong week, the markets paused for breath on Thursday due to caution over geopolitical tensions and derivative expiry. While some profit-taking was expected, sector-specific momentum—especially in healthcare and cement—shows investor interest remains active in select pockets.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.                        

                        

Investments in securities market are subject to market risks, read all the related documents carefully before investing.       

Nestle India Q4 FY25 Profit Drops 6.5% YoY to ₹873 Crore; Revenue Up 4.5%, Declares ₹10 Dividend

Nestle India reported a consolidated net profit of ₹873.46 crore for the quarter ended March 2025, marking a 6.5% decline from ₹934.17 crore in the same quarter last year.

At the standalone level, the company posted a net profit of ₹885 crore, down 5.3% from ₹934 crore in the previous year.

Revenue Growth

Despite the fall in profits, Nestle saw a 4.5% growth in revenue from operations, reaching ₹5,503.88 crore, up from ₹5,267.59 crore a year ago.

Domestic vs. Export Sales

  • Domestic sales stood at ₹5,234.98 crore, growing 4.3% from ₹5,021.61 crore in the same quarter last year.

  • Export sales, however, declined to ₹212.66 crore, compared to ₹232.82 crore in the previous year.

Read More, HUL Q4 FY25 Results: Net Profit Drops 3.7% YoY, Declares ₹53 Total Dividend for FY25.   

Rising Costs Impact Profit

The dip in profit was mainly due to higher costs, including:

  • Raw material expenses

  • Employee benefits

  • Finance costs

These rising expenses weighed on the company’s operating performance, affecting the bottom line.

Final Dividend Announced

Nestle India has announced a final dividend of ₹10 per share for the financial year 2024-25. The dividend is on the company’s total issued capital of 96.41 crore equity shares of face value ₹1 each.

Stock Movement Post Results

On the day of the result announcement:

  • Nestle shares opened at ₹2,435 on the BSE, nearly unchanged from the previous close.

  • The stock touched an intraday high of ₹2,514.25, but later dropped to a low of ₹2,392.85, ending the day 1.7% lower.

Conclusion

While Nestle India delivered steady revenue growth, rising costs weighed on its profitability this quarter. The company remains committed to rewarding shareholders with a final dividend. Going forward, cost management and export recovery will be key to improving margins.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.                       

                       

Investments in securities market are subject to market risks, read all the related documents carefully before investing.      

Black Box Share Price Rise Over 9% After It Reports ₹1,550 Crore Order Wins in Q4 FY25 Results

On April 24, 2025, Black Box Limited (BSE: 500463 | NSE: BBOX), a global digital infrastructure solutions company, reported its best quarterly performance for FY25, securing new orders worth ₹1,550 crore in the fourth quarter. This milestone reflects the company’s successful strategy of focusing on large, high-value projects for top-tier global clients.

Major Wins Across Industries and Geographies

Black Box had several significant wins in Q4:

  • Healthcare: A major ₹240 crore order from one of the largest hospital networks in the U.S. for a major infrastructure upgrade.

  • Data Centres: Over ₹225 crore in contracts from global hyperscaler companies for data centre services.

  • Transportation: More than ₹130 crore worth of orders for airport modernisation projects.

  • Education: A ₹90 crore contract from a leading U.S. university.

Read More, HUL Q4 FY25 Results: Net Profit Drops 3.7% YoY, Declares ₹53 Total Dividend for FY25.  

Expanding Global Footprint

Beyond the U.S., Black Box also secured big orders in other regions:

  • Asia-Pacific (APAC): A ₹90 crore deal with a leading consumer electronics company.

  • India: Two major projects—

    • A 5G rollout project with Indian telecom companies.

    • A ₹180 crore contract with one of India’s largest municipal corporations.

These wins show Black Box’s ability to deliver quality digital infrastructure across multiple industries and regions.

Strategic Moves Drive Growth

The company’s recent steps, like appointing a Chief Revenue Officer for the U.S. and strengthening its industry-specific sales teams, have helped fuel this growth. These strategies are helping Black Box grow faster in key markets.

Sanjeev Verma, Whole Time Director at Black Box, said, “We are seeing steady demand from clients who want to modernise their IT and networking systems to stay competitive. Strong digital infrastructure is now essential for AI and future readiness.”

He added, “This quarter’s strong performance confirms that our strategy is working. As we continue to grow and improve our global capabilities, we’re confident in our ability to deliver long-term value.”

About Black Box

Black Box is a global provider of digital infrastructure solutions, offering services like network integration, managed services, and modern technology solutions. The company operates in the U.S., Europe, India, APAC, the Middle East, and Latin America. It serves sectors like finance, technology, healthcare, retail, public services, and manufacturing.

As of April 24, 2025, Black Box share price were trading at ₹422.95, up 10% for the day. The stock opened at ₹385.45 and touched an intraday high of ₹422.95 and a low of ₹381.95. The company’s market capitalisation stands at ₹7,160 crore, with a P/E ratio of 38.62. While the stock does not offer a dividend yield currently, it has touched a 52-week high of ₹714.80 and a 52-week low of ₹210.20.

Conclusion

Black Box’s record-breaking Q4 performance marks a turning point in its growth journey, fueled by strategic execution and rising global demand for digital infrastructure. With a sharp focus on innovation and client-centric solutions, the company is well-positioned to scale further and maintain its leadership across diverse markets and industries.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.                      

                      

Investments in securities market are subject to market risks, read all the related documents carefully before investing.     

Lupin Share Price Gains After U.S. FDA Nod for Generic Tolvaptan with 180-Day Market Exclusivity

On April 24, 2025, Lupin Limited, a leading global pharmaceutical company, received approval from the  U.S. FDA to launch its generic version of Tolvaptan Tablets in the U.S. The approved strengths include 15 mg, 30 mg, 45 mg, 60 mg, and 90 mg.

First-to-File Advantage

Lupin is the first company to file for approval of generic Tolvaptan and will enjoy 180 days of marketing exclusivity in the U.S. This means Lupin will be the only company allowed to sell the generic version for six months after launch.

Read More, HUL Q4 FY25 Results: Net Profit Drops 3.7% YoY, Declares ₹53 Total Dividend for FY25.  

About the Drug

Tolvaptan helps slow the decline in kidney function in adults with ADPKD (autosomal dominant polycystic kidney disease), a condition that causes the kidneys to enlarge and gradually lose their ability to function properly.

Manufacturing and Launch

The drug will be made at Lupin’s facility in Nagpur, India, and will be available in the U.S. market soon.

“We’re excited about this approval,” said Vinita Gupta, CEO of Lupin. “It strengthens our presence in the nephrology segment and shows our commitment to helping patients worldwide.”

Market Opportunity

The brand-name version of the drug, Jynarque® by Otsuka Pharmaceuticals, had estimated U.S. sales of $1.47 billion in the year ending December 31, 2024.

About Lupin

Headquartered in Mumbai, Lupin is a global leader in pharmaceuticals, operating in over 100 countries. The company offers branded and generic medicines, complex generics, biotech products, and active pharmaceutical ingredients. It has a strong presence in key therapy areas such as respiratory, heart disease, diabetes, infections, and women’s health. 

As of April 24, 2025, Lupin share price is trading at ₹2,124.10, up by ₹34.60 or 1.66% for the day. The stock opened at ₹2,089.60 and touched an intraday high of ₹2,149.50 and a low of ₹2,082.50. The company has a market capitalisation of ₹96,920 crore, a price-to-earnings (P/E) ratio of 33.85, and a dividend yield of 0.38%. Over the past year, the stock has touched a 52-week high of ₹2,402.90 and a 52-week low of ₹1,493.30.

Conclusion

Lupin’s FDA approval for generic Tolvaptan marks a major stride in its U.S. growth strategy and nephrology portfolio. With market exclusivity and strong manufacturing capabilities, the company is well-positioned to tap into a high-value therapeutic segment while expanding its global impact on patient health.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.                     

                     

Investments in securities market are subject to market risks, read all the related documents carefully before investing.    

HUL Q4 FY25 Results: Net Profit Drops 3.7% YoY, Declares ₹53 Total Dividend for FY25

Hindustan Unilever Ltd (HUL), India’s leading FMCG company, reported a 3.7% drop in net profit for the fourth quarter of FY25. The company posted a profit of ₹2,464 crore, compared to ₹2,558 crore during the same period last year. On a quarter-on-quarter basis, profit was down by 17.4%.

Revenue Rises Slightly

HUL’s total income for the quarter rose by 3.5% year-on-year to ₹15,979 crore, up from ₹15,441 crore in Q4FY24. However, the revenue remained largely unchanged compared to the previous quarter.

Read More, Syngene Shares Hit 10% Lower Circuit as Q4 FY25 Net Profit Falls 3% YoY.

EBITDA Marginally Up, But Margin Slips

The company’s EBITDA  grew slightly to ₹3,466 crore, from ₹3,435 crore a year ago. But the EBITDA margin dipped by 30 basis points to 23.1%.

₹24 Final Dividend Declared; Total Payout at ₹53 for FY25

HUL’s board has recommended a final dividend of ₹24 per equity share (face value Re 1) for FY25. Earlier, it had already paid an interim dividend of ₹19 and a special dividend of ₹10 in November 2024. This brings the total dividend payout for the year to ₹53 per share.

Segment-Wise Performance

  • Home Care: Revenue increased to ₹5,818 crore, up from ₹5,715 crore last year.

  • Beauty & Wellbeing: Rose to ₹3,113 crore from ₹2,987 crore.

  • Personal Care: Improved to ₹2,124 crore from ₹2,063 crore.

  • Foods: Slight decline to ₹3,886 crore from ₹3,911 crore.

  • Others (Exports & Consignment): Jumped to ₹263 crore from ₹181 crore.

FY25 Highlights and Future Outlook

HUL crossed ₹60,000 crore in turnover for FY25, with 2% underlying sales growth and 5% EPS growth. The company saw moderate volume growth but faced challenges due to a weaker product mix.

During the year, HUL focused on reshaping its business by:

  • Launching new products in fast-growing segments,

  • Investing in modern sales channels,

  • Acquiring skincare brand Minimalist,

  • Selling its water purifier brand Pureit, and

  • Deciding to spin off its ice cream business.

Looking forward, HUL expects the market demand to improve gradually and aims to continue expanding by sticking to its core strengths and growth strategies.

HUL Share Price Performance

On April 24 at 11:23 am IST, HUL share price was trading at ₹2,331.50, down ₹92.30 or 3.81% for the day. The stock opened at ₹2,423.80 and touched an intraday high of ₹2,487.40 and a low of ₹2,324.00. The company has a market capitalisation of ₹5.48 lakh crore, a price-to-earnings (P/E) ratio of 50.98, and a dividend yield of 1.84%. Over the past year, the stock has touched a 52-week high of ₹3,035.00 and a 52-week low of ₹2,136.00.

Conclusion

Despite a dip in profit, HUL continues to focus on long-term growth through innovation, strategic divestments, and acquisitions. With a strong dividend payout and steady revenue growth, the company remains committed to strengthening its market leadership while navigating evolving consumer trends.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.                    

                    

Investments in securities market are subject to market risks, read all the related documents carefully before investing.     

 

NRIs Gain Big: Mutual Fund Capital Gains May Be Tax-Free Under DTAA

India is currently one of the fastest-growing major economies and is seen as a strong investment destination globally. Many Non-Resident Indians (NRIs) are now investing in India for better wealth creation opportunities.

Why NRIs Prefer Mutual Funds

Mutual funds are popular among NRIs because they offer diversification, are cost-effective, and come in various types, catering to different investment goals. Most investments are coming from NRIs living in countries like the UAE, Bahrain, Qatar, Singapore, Mauritius, Hong Kong, and the UK. However, NRIs from the USA and Canada face stricter rules due to FATCA regulations and may need to provide extra documents. Not all mutual fund houses currently accept investments from these regions.

Read More, Paying Rent to Family? Here’s How to Stay Out of the Income Tax Department’s Radar in FY 2025-26. 

Capital Gains Tax on Mutual Funds for NRIs

Taxes play a major role in investment decisions. For mutual funds, tax depends on the fund type (equity or debt) and how long the investment is held.

  • Short-Term Capital Gains (STCG):

    • Equity funds sold before July 23, 2024: taxed at 15%

    • Sold on or after July 23, 2024: taxed at 20%

    • Debt funds: taxed as per the investor’s income slab

  • Long-Term Capital Gains (LTCG):

    • Equity funds sold before July 23, 2024: taxed at 10%

    • Sold on or after July 23, 2024: taxed at 12.5%

    • Debt funds: not applicable

NRIs are also subject to Tax Deducted at Source (TDS):

  • 20% on STCG from equity funds

  • 12.5% on LTCG from equity funds

  • 30% on gains from debt funds

Dividends Are Also Taxable

If you choose the IDCW (Income Distribution cum Capital Withdrawal) option, dividends received are taxed as per your income slab. TDS is applicable at 20% or the DTAA rate—whichever is lower.

Double Taxation Avoidance Agreement (DTAA) Benefits

India has signed tax treaties (DTAAs) with about 90 countries. This helps NRIs avoid paying tax twice—once in India and once in their resident country. Under DTAA, NRIs can claim tax credits in India on mutual fund earnings if such a treaty exists with their home country.

Major Ruling: Capital Gains May Not Be Taxable

Recently, the Mumbai Income Tax Appellate Tribunal (ITAT) ruled in favor of an NRI investor from Singapore, stating that capital gains on mutual fund units are not taxable in India under the India-Singapore DTAA. The case involved Ms. Anushka Sanjay Shah, who had earned ₹1.35 crore in short-term capital gains. The tribunal clarified that mutual fund units are not considered shares under Indian law and should not be taxed as such.

What This Means for NRIs

This decision could boost investor confidence among NRIs, especially from countries like Singapore, Mauritius, UAE, UK, France, and others with DTAAs in place. It may also lead to more investments in Indian mutual funds and help grow the industry’s Assets Under Management (AUM).

Important Reminder

To claim DTAA benefits, ensure you have a valid Tax Residency Certificate (TRC) for your country of residence. This certificate must meet DTAA requirements, not just local tax rules.

Conclusion

The recent ITAT ruling has opened a promising door for NRIs looking to invest in Indian mutual funds without the burden of double taxation. With the right documentation, especially a valid TRC—NRIs can now potentially enjoy higher post-tax returns and explore India’s vibrant investment opportunities with renewed confidence.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.                   

                   

Investments in securities market are subject to market risks, read all the related documents carefully before investing.          

RateGain Launches First-Ever Global Report on Car Rental Industry Trends

RateGain Travel Technologies Limited, a leading provider of AI-powered software for the travel and hospitality industry, has released the first-ever State of Car Rental 2025 report. This report, developed in partnership with Auto Rental News (a trusted source for car rental industry updates), provides a global overview of how car rental companies are using technology, what challenges they face, and where opportunities lie.

Why This Report Matters

Car rental companies have long lacked insight into how their peers operate—especially in terms of tech adoption and process improvements. This report helps fill that gap by offering a global benchmark for operational practices and strategic planning.

Read More, BPCL Shares in Focus; Launches Joint Venture to Build Compressed Biogas Plants Across India. 

Survey Highlights

The report includes insights from over 150 car rental companies worldwide and sheds light on industry-wide trends and pain points:

  • Outdated Pricing Strategies

64% of rental operators base their pricing on competitors rather than their own demand forecasts, showing a lack of internal pricing intelligence.

  • Digital Tools Underutilised

While digital platforms are in use, 70% of companies still rely on informal training. This results in slow decisions and underused software.

  • Customer Complaints Are Process-Driven

The main cause of customer frustration isn’t technology failure, but slow internal processes like poor complaint resolution and confusing booking systems.

  • Fleet Management Issues

Many companies struggle with vehicle availability due to poor demand forecasting, leading to lost bookings and higher costs.

  • AI Still Underused

Only 12% of companies use AI for pricing. The rest are hesitant due to unclear return on investment, lack of staff training, and integration problems.

Martin Romjue, Managing Editor of Auto Rental News and Co-Chair of the International Car Rental Show (ICRS), said this report is a crucial resource. It reflects honest feedback from global operators and provides actionable insights to help businesses adapt and grow.

Ankit Chaturvedi, VP and Global Head of Marketing at RateGain, added that this joint effort aims to educate and empower car rental professionals. The report turns real operator experiences into practical suggestions companies can start using right away.

About Auto Rental News

Auto Rental News, part of Bobit Media, is a leading publication for vehicle rental professionals. It offers news, insights, and events like the International Car Rental Show to keep the industry informed and connected.

About RateGain

Founded in 2004, RateGain is a global software company that provides AI-based solutions to travel and hospitality businesses in over 100 countries. It helps companies grow revenue through better pricing, customer retention, and digital transformation. RateGain works with some of the biggest hotel chains, airlines, travel websites, and car rental brands—including 16 Fortune 500 companies.

As of April 24 at 10:14 AM IST, Rategain Travel Technologies share price is trading at ₹465.00, up by ₹0.45 or 0.097% for the day. The stock opened at ₹463.90 and has touched an intraday high of ₹469.15 and a low of ₹461.25. The company has a market capitalisation of ₹5,490 crore and a price-to-earnings (P/E) ratio of 27.12. It does not currently offer a dividend yield. Over the past 52 weeks, the stock has reached a high of ₹859.00 and a low of ₹412.85.

Conclusion

The State of Car Rental 2025 report is a wake-up call for the industry. With rising customer expectations and evolving technologies, operators must shift from reactive to proactive strategies. By embracing AI, improving internal processes, and investing in digital execution, car rental companies can unlock new growth opportunities and deliver better customer experiences in the years ahead.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.                  

                  

Investments in securities market are subject to market risks, read all the related documents carefully before investing.         

Stocks in Watch on April 24: Tata Consumer, LTIMindtree, NHPC, Bajaj Finance and More

Indian stock markets may open on a cautious note today, April 24, following a week-long rally. Investor sentiment remains shaky due to mixed global cues and heightened geopolitical tension after a tragic attack in Jammu and Kashmir.

Early indicators like GIFT Nifty were down by 61 points or 0.25% at 24,251 around 8:15 AM, pointing to a slow start.

Asian markets showed mixed trends, with Japan’s Nikkei up 1% while South Korea’s Kospi dipped 0.47%. Meanwhile, US markets gained for the second consecutive day—S&P 500 rose 1.67%, Nasdaq jumped 2.5%, and the Dow climbed 1.07%—as hopes rose over a possible easing in US-China trade tensions.

FIIs Continue to Buy, DIIs Sell

The domestic market saw strong momentum on Wednesday. Sensex climbed 521 points to 80,116, while Nifty gained 162 points to settle at 24,328. Foreign Institutional Investors (FIIs) bought shares worth ₹3,333 crore, extending their buying streak. In contrast, Domestic Institutional Investors (DIIs) booked profits, selling stocks worth ₹1,234 crore.

Read More, Muthoot Finance Interim Dividend of ₹26 Record Date Tomorrow, April 25, 2025.

Here are stocks to watch today:  

Tata Consumer Products

Tata Consumer Products  posted a 59.2% YoY surge in net profit to ₹345 crore for Q4 FY25. Revenue jumped 17.3% to ₹4,608 crore, with India-branded business volume (excluding acquisitions) growing by 5.9%.

LTIMindtree

LTIMindtree reported a 2.6% YoY increase in net profit to ₹1,128.5 crore for Q4. Revenue grew 9.9% YoY to ₹9,772 crore and rose 1.1% sequentially.

Syngene International

A subsidiary of Biocon, Syngene reported a 3% YoY increase in profit for Q4 FY25. Operational revenue went up by 11% to ₹1,018 crore, and EBITDA rose 9% to ₹363 crore.

Bajaj Housing Finance

Bajaj Housing Finance reported a 54% YoY growth in net profit at ₹587 crore. Its assets under management (AUM) expanded by 26% YoY to ₹1.15 trillion.

Dalmia Bharat

Dalmia Bharat Q4 net profit rose by 37.2% YoY to ₹439 crore, supported by better cost management.

Biocon

Biocon approved a plan to raise ₹4,500 crore through equity or debt and increased its authorised capital from ₹625 crore to ₹700 crore.

BPCL

BPCL has formed a joint venture with GPS Renewables to develop Compressed Biogas (CBG) plants across India. These plants will convert organic waste into green fuel.

NHPC

NHPC will develop a 1,200 MW solar park in Uttar Pradesh under a government scheme. The total project cost is ₹797 crore, with ₹239 crore to be invested via its subsidiary for project execution.

Conclusion

While global uncertainties and local geopolitical tensions may weigh on investor mood, strong corporate earnings from key players could provide market support. Investors should stay vigilant and track company-specific developments alongside broader market cues.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.                

                

Investments in securities market are subject to market risks, read all the related documents carefully before investing.         

Closing Bell: Markets Rise for 7th Straight Day, Sensex Hits New 2025 High on April 23, 2025

On Wednesday, April 23, 2025, Indian stock markets continued their upward momentum. The BSE Sensex and NSE Nifty both ended higher for the seventh day in a row. Strong buying in IT stocks pushed markets up, even as banking stocks saw some selling.

The Sensex opened with a big jump of 548 points at 80,142, reaching a high of 80,255. However, it later dropped to 79,507 due to profit booking in banking stocks. Despite the dip, the Sensex recovered and ended the day up by 521 points at 80,116 — its highest close in 2025 so far. Over the past seven sessions, the index has gained 6,269 points or 8.5%.

The Nifty 50 opened strong, hitting 24,359, but also slipped during the day to 24,120 before closing at 24,329, up 162 points. In the past 7 days, it has surged 1,930 points or 8.6%.

One major reason for the ongoing rally is foreign investor support. In the last 5 sessions alone, foreign institutional investors (FIIs) have bought Indian shares worth ₹17,930 crore.

Top Gainers and Losers

Among top gainers, HCL Technologies jumped nearly 8% — its best single-day performance since September 2019. This came after the company reported an 8.1% rise in net profit and 6.1% growth in revenue for the March quarter. Tech Mahindra and Infosys also climbed 5% and 4% respectively, while TCS added 2.5%.

While most sectors performed well, banking stocks came under pressure. Kotak Mahindra Bank, HDFC Bank, SBI, and Axis Bank dropped between 1% and 2% as investors booked profits.

Read More, Top Gainers and Losers on April 23, 2025: HCLTech Surges, HDFC Bank Declines.

Mid and Small Caps Also Gain

In the broader market, the BSE MidCap index rose 1%, and the SmallCap index edged up 0.2%. Market breadth was slightly positive — about 2,050 stocks advanced while around 1,900 declined.

Sector Performance

  • Top Gainer: Nifty IT index rose 4.3% 
  • Other Gainers: Auto up 2.5%, Pharma and Realty up 1.4% each 
  • Lagging Sectors: Consumer Durables and Financials ended in the red 

Oil Prices  

As of April 23, 2025, at 04:08 PM, Brent Crude was trading at $68.33, up by 1.32% 

Conclusion

The markets continued their strong run, driven by upbeat global cues, robust IT earnings, and steady FII inflows. However, some profit-taking in banks suggests investors remain cautious.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.          

          

Investments in securities market are subject to market risks, read all the related documents carefully before investing.     

₹2 Lakh Crore Unclaimed in India: Could Some of It Be Yours?

Did you know nearly ₹2 lakh crore is lying unclaimed in India’s financial system? This includes money left behind in bank accounts, post office savings, insurance policies, EPF (Employees’ Provident Fund), mutual funds, and stock market investments. This money was earned over the years of hard work, but many families don’t even know it exists.

Why Is It So Hard to Claim?

Most people can’t claim these funds simply because they don’t know they exist. Searching by name is not allowed in many systems, making it almost impossible to find unclaimed money unless you already know about it. This leads to large amounts of wealth being forgotten, especially after the original holder’s death.

IEPF: The Custodian of Unclaimed Shares

For stock market investments, over ₹84,000 crore worth of unclaimed shares are stuck with the Investor Education and Protection Fund (IEPF), a government body under the Ministry of Corporate Affairs. If a company’s dividend remains unclaimed for 7 years or more, both the dividend and shares are transferred to IEPF. Legal heirs can claim them, but only with proper documentation.

Read More, Retirement Planning: How Much Should You Save at 50 to Retire by 60 in India? 

The Scale of the Problem

Here’s how much unclaimed money is lying across different financial sectors:

  • IEPF (unclaimed shares): ₹84,393 crore

  • Dividends with IEPF: ₹5,700 crore

  • Unclaimed bank deposits: ₹42,270 crore

  • Unclaimed post office deposits: ₹32,273 crore

  • Inactive EPF accounts: ₹8,500+ crore

  • Unclaimed life insurance funds: ₹20,062 crore

  • Unclaimed mutual fund assets: ₹2,600+ crore

The Main Challenge: Lack of Awareness

The biggest issue is not fraud — it’s that people are unaware they’re entitled to these funds. There’s no easy way to search if something is left in your name unless you already have details. In many cases, family members don’t even know that an investment exists.

Proposed Solution: CUPA

To fix this, experts have suggested forming a Central Unclaimed Property Authority (CUPA). This would be a single government body to track all unclaimed money from banks, insurance, PF, mutual funds, and shares. It would also allow people to search for assets in their name easily — something that’s not currently possible in most places.

Even the Supreme Court has recommended forming such an authority, but it faces hurdles due to multiple regulators and different sets of rules.

Global Examples

India can learn from other countries:

  • USA: Each state has a public website where you can check if any property is in your name.

  • UK: The government itself handles unclaimed funds and spreads awareness about how to claim them.

What Needs to Be Done Next

Here are a few key steps to fix the issue in India:

  • Set up CUPA to manage unclaimed money centrally.

  • Create a search portal where people can look up by name.

  • Run awareness campaigns so that families know what to check.

  • Simplify the claim process so that anyone can follow it, even without legal help.

Conclusion

If these steps are taken, it could help millions of families across India recover money their loved ones left behind — bringing both financial relief and emotional closure. It’s time to reconnect people with their forgotten wealth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.               

               

Investments in securities market are subject to market risks, read all the related documents carefully before investing.