April 30, 2025
Financial Assets

Market gains for seventh consecutive session, Nifty hits four-month high


Sensex Today | Stock Market Highlights: The Nifty reclaimed the 24,300 mark, ending the day at 24,329 after a gain of 162 points, while the Sensex surged 521 points to close at 80,116, marking its first close above the 80,000 level in over four months.

Sensex Today | Stock Market Highlights: Indian equity markets continued their upward momentum for the seventh straight session today, with benchmark indices scaling fresh highs not seen since December 2024. Despite the broader optimism, the banking sector saw some pressure as investors booked profits following recent outperformance.

The Nifty Bank index slipped 277 points to 55,370, closing 0.5% lower. Heavyweights like HDFC Bank and Kotak Bank were among the top laggards in the sector. In contrast, the midcap segment outperformed, with the Nifty Midcap 100 climbing 644 points to 55,041, reflecting strong investor interest beyond frontline banking names.

IT stocks led the rally, fuelled by strong quarterly results from HCL Technologies. The Nifty IT index jumped 4%, recording its biggest single-day gain in nine months. All constituents of the index ended in the green, with gains ranging between 3% and 6%, as upbeat earnings and positive guidance prompted fresh buying across the sector.

Auto stocks largely closed in the green, with Mahindra & Mahindra and Tata Motors emerging as top gainers. Sona BLW surged 6% following favourable commentary from Tesla, boosting sentiment around the EV-linked auto component maker.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *