Indian stock market closed higher for the third consecutive day on April 16, 2025, driven by strong gains in banking stocks. Nifty 50 closed above 23,400 despite weakness in Auto and IT. Stock-specific news and mixed global cues influenced trading.
16-Apr-2025•Bazaar Bhardwaj
The Indian share market continued its upward trajectory for the third consecutive trading session today, closing in positive territory despite experiencing a choppy trading day. Key benchmark indices, the Nifty 50 and the Sensex, recovered from early losses, primarily driven by the strong performance of banking stocks. The Nifty 50 successfully closed above the significant 23,400 mark, demonstrating resilience even as sectors like Auto and IT faced headwinds.
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