Market Closing Bell: Sensex, Nifty prolong achieve for sixth day
Market Closing Bell: From the Sensex companies, ITC, Hindustan Unilever, Mahindra & Mahindra, HDFC Financial institution, and Everlasting had been the largest gainers.
Bulls proceed to run on Dalal Avenue as benchmark fairness indices, Sensex and Nifty prolonged good points for the sixth straight day on Tuesday, i.e. April 22, 2025. The 30-share BSE Sensex rose 187.09 factors or 0.24 per cent to settle at 79,595.59 factors. Earlier within the day, it surged 415.8 factors to the touch the excessive of 79,824.30.
The NSE Nifty climbed 41.70 factors or 0.17 per cent to shut at 24,167.25.
From the Sensex companies, ITC, Hindustan Unilever, Mahindra & Mahindra, HDFC Financial institution, and Everlasting had been the largest gainers.
IndusInd Financial institution, Energy Grid, Infosys, Bharti Airtel, Nestle and Bajaj FinServ had been among the many laggards.
Amongst sectors, the Realty index rallied over 2 per cent, whereas selective IT shares noticed intraday profit-taking. Technically, after an early morning intraday rally, the market witnessed some promoting strain at increased ranges.
“We consider that the present market texture is bullish however overbought, therefore range-bound exercise is more likely to proceed within the close to future. For day merchants, 24100/79400 and 24000/79000 will act as key help zones, whereas 24250-24350/79800-80000 might function key resistance areas for the bulls. Nevertheless, if the index falls under 24000/79000, sentiment might change. Merchants might desire to exit their lengthy positions under this stage,” mentioned Shrikant Chouhan, Head Fairness Analysis, Kotak Securities.
The benefit of the market is that it has maintained its optimism regardless of destructive world cues associated to Trump-Fed tensions.
Overseas Institutional Buyers (FIIs) purchased equities value Rs 1,970.17 crore on Monday, in accordance with alternate information.
“The RBI’s relaxed liquidity protection ratio tips, that are anticipated to boost credit score development, boosted the finance sector. Overseas inflows have remained constant for the fourth consecutive day, pushed by a weakening greenback and aggressive valuations. Moreover, home macroeconomic situations are bettering, with declining inflation and rising expectations of additional price cuts by the RBI, that are more likely to decrease prices and stimulate demand. These elements are anticipated to help company earnings in FY26,” Vinod Nair, Head of Analysis, Geojit Investments Restricted.
