Stock markets rise for 7th day; Sensex reclaims 80k-level on rally in IT shares, FII inflows

BSE Sensex hits record high, driven by IT and auto shares, as markets extend winning streak.

Stock markets extended the winning run to seventh day on Wednesday (April 23, 2025) with benchmark BSE Sensex jumping 520 points to close above 80,000 level for the first time in four months driven by strong gains in IT and auto shares.

The 30-share Sensex rose by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. During the day, it surged 658.96 points or 0.82% to 80,254.55.

Also read | Sensex reclaims 80,000-level on global markets rally, foreign fund inflows

The NSE Nifty rallied 161.70 points or 0.67% to 24,328.95.

Foreign fund inflows and positive global trends also boosted the market sentiment, analysts said.

Among the Sensex firms, HCL Tech surged the most by 7.72% after the firm posted an 8.1% increase in consolidated net profit at ₹4,307 crore for March quarter 2024-25, mainly on account of large deals with a total contract value of about ₹25,500 crore.

Tech Mahindra, Tata Motors, Infosys, Mahindra & Mahindra, Tata Consultancy Services, Tata Steel, Bharti Airtel and Maruti were also among major gainers.