The Indian stock market witnessed a remarkable rally on April 28, 2025, with both the Sensex and Nifty indices surging over 1%, bringing substantial gains to investors. The robust performance reversed a two-day losing streak and was fueled by broad-based buying across various sectors.
Key Highlights of Today's Market:
- Indices Surge: The S&P BSE Sensex closed at 80,218.37, a gain of 1,006 points or 1.27%. The NSE Nifty 50 settled at 24,328.50, up by 289 points or 1.20%.
- Investor Wealth Swells: The overall market capitalization of BSE-listed firms increased significantly, rising to nearly ₹426 lakh crore from approximately ₹422 lakh crore in the previous session. This surge translated to a wealth gain of over ₹4 lakh crore for investors in a single day.
- Midcap and Smallcap Performance: The BSE Midcap index climbed 1.34%, while the Smallcap index saw a rise of 0.39%, indicating positive sentiment across the board.
- Market Drivers: Several factors contributed to the market's upward trajectory. Easing trade war tensions between the US and China provided a positive global backdrop. Furthermore, strong foreign capital inflows and robust buying in major stocks such as Reliance Industries and banking heavyweights like HDFC Bank, ICICI Bank, Axis Bank, and SBI, bolstered market confidence.
- Geopolitical Considerations: The market appeared to have taken a positive view of India's measured response to the recent terror attack.
- Sectoral Performance: Except for Nifty IT, which saw a slight decline of 0.22%, all other major sectoral indices closed in the green. Nifty Oil & Gas led the pack with a gain of 3.18%, followed by PSU Bank (2.44%), Healthcare (2.07%), and Pharma (1.98%). Auto, Metal, Realty, and Private Bank indices also recorded healthy gains.
- Top Nifty 50 Gainers: Reliance Industries led the Nifty 50 gainers with a 5.07% increase, followed by Sun Pharmaceutical Industries (3.07%) and JSW Steel (2.91%).
- Top Nifty 50 Losers: Shriram Finance was the top loser in the Nifty 50, declining by 5.13%, followed by Eternal (down 0.92%) and UltraTech Cement (down 0.89%).
- FII Inflows: Foreign Institutional Investors (FIIs) have turned into sustained buyers, injecting significant capital into the Indian market.
- Rupee Gains: Buoyant equity markets helped boost the Indian rupee, which gained nearly 0.5% and touched a peak of 84.98 against the U.S. dollar, supported by portfolio inflows into equities.
Individual Stock Movements:
- Reliance Industries shares jumped over 5% following positive brokerage reactions to the company's Q4 results.
- Shares of major banking stocks, including ICICI Bank, Axis Bank, and SBI, climbed almost 2% each.
- Hindustan Zinc shares rose following a report of a 47% increase in consolidated net profit.
- Tejas Networks shares experienced a tumble after Q4 results.
Overall Sentiment:
The Indian stock market displayed strong resilience and positive momentum on April 28, 2025. The surge in both Sensex and Nifty, coupled with the substantial increase in investor wealth, indicates a bullish trend. While geopolitical tensions and global economic factors continue to pose uncertainties, the Indian market's underlying strength and positive investor sentiment provide a solid foundation for continued growth.
