Top Gain and Loss Performers on April 17: Angel One, Triveni Turbine, Zen Tech, Emami, OLA, Suzlon Energy Notch Significant Gains

Indian Stocks Rebound as Ceasefire Hopes Ease Energy Led Inflation Concerns

Indian stocks regained strength in Friday's session, April 17, with key indices rising over 0.50%, driven by strong gains in consumer goods and oil & gas stocks. Sentiment was supported by signs that the US and Iran may extend their ceasefire and resume talks to end the conflict, easing concerns over energy-led inflation.

A continued recovery in the rupee and an extended rally in metal stocks also supported the market. The Nifty 50 settled 0.64% higher at 24,350, while the S&P BSE Sensex rose 0.63% to close at 78,477. Both indices ended the week with gains of over 1%, extending their weekly winning streak to a second consecutive week.

Broader markets posted even stronger gains, with the Nifty Midcap 100 index surging 3.53% and the Nifty Smallcap 100 rallying 4.36%, significantly outperforming the benchmark indices.

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Tensions in the Middle East appear to be easing, as US President Donald Trump suggested on Thursday that he is open to extending the two-week ceasefire in the Iran conflict. Meanwhile, Iran's UN envoy said Tehran remains "cautiously optimistic" about negotiations with the US.

As optimism over an extended ceasefire grew, oil prices declined on Friday after rising a day earlier, with Brent crude futures slipping to around $98 per barrel. Lower oil prices are positive for India, the world's third-largest oil importer.

On the currency front, the Indian rupee strengthened to around 92.7 per dollar, extending gains from the previous session, supported by measures from the Reserve Bank of India to curb oil-related dollar demand.

Market Performance Comparison

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