SOURCE : NEW18 NEWS
Last Updated:April 21, 2025, 15:42 IST
The BSE Sensex on Monday rose 855.30 points to close at 79,408.50, while the NSE Nifty jumped by 273.90 points to close at 24,125.55 in strong buying across sectors, mainly banks and IT.
Sensex Today.
The BSE Sensex on Monday rose 855.30 points to close at 79,408.50, while the NSE Nifty jumped by 273.90 points to close at 24,125.55 in strong buying across sectors, mainly banks and IT. The Bank Nifty also hit a record high of 55,304.5 on April 21. All sectors, except FMCG, ended the day in green.
Among the 30 shares of the Sensex, 23 were trading in green. Among the top gainers were Tech Mahindra, IndusInd Bank, Power Grid, Bajaj Finserv, and Mahindra & Mahindra rising by up to 4.91 per cent. However, Adani Ports, Hindustan Unilever, ITC, Asian Paints, and Nestle India were the losers falling by up to 1.27 per cent.
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The advance-decline ratio stood at 2,925-1,163. A total of 115 shares traded at their 52-week highs, while 48 stocks were trading at 52-week lows.
Banking shares surged on Monday following strong Q4 results. ICICI Bank’s stock rose by 2 per cent to hit its fresh all-time high of Rs 1,437 the opening trade, after the private sector lender reported an 18 per cent jump in March quarter standalone net profit at Rs 12,630 crore. Other banks, including HDFC Bank (nearly 1.5%) and Yes Bank (over 7%), also rose.
IT stocks also traded higher despite weak Q4 results. Tech Mahindra (4.3%), Infosys (2.29%), TCS (0.4%), Wipro (1.1%), and HCL Tech (1.53%) were trading higher in the early trade.
V K Vijayakumar, chief investment strategist of Geojit Investments Ltd, said, “Even though the global economic scenario is mired in uncertainty, India appears relatively resilient. India is the only large economy which can grow at 6 per cent even in a slowing global economy. This, along with the declining dollar, has the potential to attract more FPI inflows into India in the short run.”
The Q4 results of HDFC Bank and ICICI Bank have the potential to take Bank Nifty to an all-time high, he said.
Foreign institutional investors (FIIs) bought equities worth Rs 4,667.94 crore on a net basis on Thursday, according to exchange data.
According to ICICI Direct, equity benchmarks staged a strong rebound after defending March low of 21,900 tracking (closing basis) announcement of the 90-day pause of US tariff.
“Our statistical model suggest that host of the negative news are now priced in and has entered in to base formation in the vicinity of 21,900-23,800 that would eventually set the stage for the Nifty head towards 25,500,” the brokerage firm said in a note.
