SOURCE : NEW18 NEWS
Last Updated:April 22, 2025, 15:51 IST
Indian equity markets are expected to open on a muted note on Tuesday, tracking weakness in global peers
Stock Market Updates
Sensex Today: Benchmark indices BSE Sensex and NSE Nifty50 extended their winning streak for the sixth consecutive trading session on Tuesday, led by gains in FMCG and private banking stocks.
The BSE Sensex opened with a strong gap-up of 320 points at 79,728, but quickly gave up early gains, slipping into the red and hitting a low of 79,253 amid weak global cues following steep losses on Wall Street. However, the index staged a smart recovery and remained in positive territory for most of the session, touching an intraday high of 79,824 before ending the day with a gain of 187 points at 79,596.
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Over the last six sessions, the Sensex has jumped 7.8 per cent, or 5,749 points, reflecting strong market momentum.
The NSE Nifty50 also showed resilience after a dip to 24,072 in early trade. It rebounded to hit an intraday high of 24,243 and closed 42 points higher at 24,167, up 0.2 per cent. The Nifty, which marked its 29th anniversary on Tuesday, has climbed 7.9 per cent, or 1,768 points, over the past six sessions.
Among Sensex constituents, FMCG majors ITC and Hindustan Unilever were among the top performers, gaining more than 2 per cent each. Other notable gainers included Mahindra & Mahindra, HDFC Bank, Zomato (Eternal), and Kotak Mahindra Bank.
On the downside, IndusInd Bank fell 5 per cent after reports emerged that the lender had commissioned EY to conduct another forensic audit into a Rs 600 crore discrepancy in its microfinance portfolio. Other laggards included Power Grid Corporation, Bharti Airtel, Infosys, Bajaj Finserv, Adani Ports, and NTPC, which declined between 1–2 per cent.
The broader markets outperformed the frontline indices, with the BSE MidCap and SmallCap indices gaining up to 0.8 per cent. Market breadth remained positive, with nearly 2,500 stocks advancing compared to around 1,500 declining shares on the BSE.
Among the sectoral indices, BSE Realty led the gains with a 2.4 per cent rise, followed by FMCG, up 1.9 per cent, and Consumer Durables, which advanced 1.4 per cent. On the flip side, the IT and Power indices ended in the red.
Global Cues
Wall Street closed significantly in the red on Monday. The Dow Jones Industrial Average declined 2.48 per cent to 38,170.41, the S&P 500 fell 2.36 per cent to 5,158.20, and the Nasdaq Composite dropped 2.55 per cent to 15,870.90.
However, US futures indicated a slight recovery in early Asian trading hours. Dow Jones futures were up 0.33 per cent, while S&P 500 and Nasdaq 100 futures gained around 0.4 per cent each.
In Asia-Pacific, the sentiment remained subdued. Japan’s Nikkei 225 slipped 0.2 per cent, South Korea’s Kospi declined 0.22 per cent, and Australia’s ASX 200 fell 0.54 per cent.
