Stock markets rally for fifth day; Sensex jumps 855 points on buying in banking, IT shares
The Hindu
Sensex and Nifty surge over 1% on encouraging earnings and foreign fund inflows, with banking and IT shares leading.
Benchmark equity indices Sensex and Nifty surged more than 1% on Monday (April 21, 2025), registering their fifth day of rally on the back of buying in banking and IT shares after encouraging quarterly earnings and foreign fund inflows.
The 30-share BSE Sensex jumped 855.30 points or 1.09% to settle above the 79,000 mark at 79,408.50. During the day, it surged 1,081.85 points or 1.37% to 79,635.05. The NSE Nifty climbed 273.90 points or 1.15% to close at 24,125.55.
From the Sensex firms, Tech Mahindra, IndusInd Bank, Power Grid, Bajaj Finserv, Mahindra & Mahindra, HCL Tech, State Bank of India, Kotak Mahindra Bank, Infosys and Reliance Industries were the biggest gainers. Adani Ports, Hindustan Unilever, ITC, Asian Paints and Nestle were among the laggards.
HDFC Bank shares climbed more than 1% after the leading private lender reported a 7% growth in its consolidated net profit for the March quarter to ₹18,835 crore. Infosys shares rallied more than 2% after the company's March quarter net profit rose by 3.3% sequentially.
Reliance Industries shares surged nearly 2% which also boosted the rally in benchmark indices. Foreign Institutional Investors (FIIs) bought equities worth ₹4,667.94 crore on Thursday (April 17, 2025), according to exchange data.
In Asian markets, South Korea's Kospi index and Shanghai SSE Composite settled in the positive territory while Tokyo's Nikkei 225 ended lower. Markets were closed in Hong Kong. The U.S. markets ended mostly lower on Thursday (April 17, 2025). Equity markets in the U.S. were closed for 'Good Friday' (April 18, 2025). Global oil benchmark Brent crude declined 2.71% to $66.25 a barrel.
The BSE benchmark Sensex jumped 1,508.91 points or 1.96% to settle at 78,553.20 on Thursday (April 17, 2025.) The Nifty surged 414.45 points or 1.77% to 23,851.65. Stock markets were closed on Friday for 'Good Friday' (April 18, 2025.)
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