Sensex Soars 855 Points, Closes Above 79,000 as Banking & IT Stocks Fuel Fifth-Day Rally
The 30-share BSE Sensex climbed 855.30 points (1.09%) to finish at 79,408.50, while the NSE Nifty advanced 273.90 points to 24,125.55.
Markets Extend Gains for Fifth Consecutive Session; Financial, Tech Stocks Lead the Surge
Indian equity markets rallied for the fifth straight session on Monday, April 21, 2025, buoyed by strong buying in banking and IT stocks following robust corporate earnings and sustained foreign inflows.
The benchmark BSE Sensex gained 855.30 points, or 1.09%, to settle at 79,408.50, breaching the 79,000 level for the first time. In intraday trade, it surged as much as 1,081.85 points (1.37%) to touch a high of 79,635.05. The broader NSE Nifty also advanced 273.90 points, or 1.15%, to end at 24,125.55.
Key Gainers and Market Drivers
Among the top performers on the Sensex were Tech Mahindra, IndusInd Bank, Power Grid, Bajaj Finserv, Mahindra & Mahindra, HCL Tech, SBI, Kotak Mahindra Bank, Infosys, and Reliance Industries. On the other hand, Adani Ports, Hindustan Unilever, ITC, Asian Paints, and Nestle ended in the red.
HDFC Bank saw its stock rise over 1% after reporting a 7% year-on-year growth in consolidated net profit for the March quarter, totaling ₹18,835 crore. Infosys shares also climbed more than 2% following a 3.3% sequential rise in net profit.
Reliance Industries contributed to the market rally, with its shares gaining nearly 2%. Foreign Institutional Investors (FIIs) were net buyers, purchasing ₹4,667.94 crore worth of Indian equities on Thursday, April 17, according to exchange data.
Global Market Trends
Across Asian markets, indices closed mixed—South Korea’s Kospi and China’s Shanghai Composite ended higher, while Japan’s Nikkei 225 closed in the red. Hong Kong markets were shut. On Wall Street, major U.S. indices ended mostly lower on Thursday, and remained closed on Friday (April 18) due to Good Friday.
Meanwhile, global crude oil prices fell sharply, with Brent crude dropping 2.71% to $66.25 per barrel.
This rally follows a strong session on April 17, when the Sensex had surged 1,508.91 points (1.96%) to 78,553.20, and the Nifty jumped 414.45 points (1.77%) to 23,851.65. Indian stock markets were closed on April 18 for Good Friday.