Stock Market Close Highlights: Sensex surges 1,006 pts, Nifty tops 24,300 as Reliance soars 5%

Sensex Today | Stock Market Close Highlights: Reliance alone contributed 400 points to the BSE Sensex on Monday; ICICI Bank, Axis Bank, HDFC Bank and SBI were the other key contributors.

3:51 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: The domestic market recouped from the losses incurred during the last two days of the previous week, which stemmed from the border tensions. While sustained buying from FIIs and better results from RIL also boosted the investor sentiment. A weakening dollar and inflationary pressure in the US may attract FIIs into the domestic market. 

 

However, investors are advised to exercise caution in the near term as the market is yet to discount the impact of retaliation for the Pahalgam terror attack. For a new investor, holding a position on cash and debt of about 40 per cent with a bottom-up approach on equity based on the earnings outcome will be a beneficial strategy. 

 

View by Vinod Nair, Head of Research, Geojit Investments Limited

3:48 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The Nifty recovered smartly, shrugging off the negativity of last week. However, the upside was limited to the recent high, keeping the consolidation phase intact. On the higher end, 24,360 has remained a resistance level, and the Nifty might spend some more time around the current range unless 24,360 is decisively breached. 

 

Above 24,360, the index could move towards 24,550, where the 61.80 per cent Fibonacci retracement level of the previous fall from 26,277 to 21,743 lies. On the lower end, support is placed at 24,000, below which the index might start falling towards 23,800 or even 23,350.

 

View by Rupak De, Senior Technical Analyst at LKP Securities

3:44 PM

Stock Market LIVE Updates: A glance at broader market at close

Stock Market LIVE Updates: BSE Bankex and Focused Midcap closed over 1.5

 

Broader market

 per cent higher. 

 

3:41 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and losers at close

Stock Market LIVE Updates: Reliance Industries, Sun Pharmaceutical Industries and Tata Steel were among the top gainers on Sensex. 
 

Sensex gainers and losers

3:38 PM

Stock Market LIVE Updates: Nifty50 settles at 24,328.5, up 289 pts

Stock Market LIVE Updates: NSE Nifty50 closed at 24,328.5, down 289 points or 1.2 per cent. 
 

Nifty50 close today

3:35 PM

Stock Market LIVE Updates: Sensex closes at 80,156.2, up 943.7 pts

Stock Market LIVE Updates: BSE Sensex closed at 80,156.2, up 943.7 points or 1.19 per cent. 

Sensex close today

3:21 PM

Stock Market LIVE Updates: Markets too optimistic in its earnings estimates, suggests Kotak report

Stock Market LIVE Updates: The markets are being too optimistic in their earnings estimates of India Inc., suggested Sanjeev Prasad, managing director and co-head of Kotak Institutional Equities in a recent note co-authored with Suvodeep Rakshit, Anindya Bhowmik and Sunita Baldawa.

 

“Consensus earnings estimates for fiscal 2025-26 (FY26) and FY27 have seen downgrades in a few sectors and companies. We assume there will be more, as global and domestic growth slowdowns hit revenues. For now, we model 12 per cent growth in the net profits of the Nifty-50 Index for FY26,” Prasad wrote. READ MORE

 

3:15 PM

Stock Market LIVE Updates: Max India shares climb 5% on rights issue announcements; check key details

Stock Market LIVE Updates: Shares of Max Group's Max India climbed 3.94 per cent to an intra-day high of ₹229.77 per share on the NSE during intra-day deals on Monday, April 28. The uptick in the company's share price follows the news that the company’s rights issue committee has approved the proposed rights issue of equity shares.

 

According to the exchange filing, the company has announced a rights issue of 82,81,973 fully paid-up equity shares with a face value of ₹10 each. READ MORE

 

3:09 PM

Stock Market LIVE Updates: RIL adds ₹1 trillion to investor wealth as stock rallies 6% post Q4 show

Stock Market LIVE Updates: A sharp rally in stock price has seen Reliance Industries (RIL( adding ₹1 trillion to investor wealth. RIL’s market capitalisation (market cap) touched ₹18.60 trillion in intra-day trade today, adding ₹1.01 trillion market cap in investor wealth. The company’s market cap stood at ₹ 17.59 trillion on Friday, April 25, 2025, the BSE data shows.

 

Shares of RIL have moved higher by nearly 6 per cent, hitting six-month high of  ₹1,374.90 on the BSE in Monday’s intra-day trade amid heavy volumes after the company reported a better-than-expected March 2025 quarter (Q4FY25) results. READ MORE

 

3:02 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade higher

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were higher on Monday, amid uncertainty regarding tariffs, the tense situation between India and Pakistan, and Q4 results.

At 3 PM, the BSE Sensex was higher by 1,000.45 points, or 1.26 per cent, at 80,212.98, and the Nifty 50 was at 24,324.90, ahead by 285.55 points, or 1.19 per cent.

2:56 PM

Stock Market LIVE Updates: Tejas Networks shares tumble 14% after Q4; Here's all you need to know

Stock Market LIVE Updates: Shares of Tejas Networks slumped over 10 per cent in Monday’s intraday session after the company reported a ₹71.80 crore loss for the March quarter of FY 2024-25.

During the day, Tejas Networks' stock plummeted 14.37 per cent to touch ₹735.5 per share before paring losses to trade 10.7 per cent lower at ₹767 apiece. In contrast, the Nifty50 was up 0.9 per cent as of 11:35 AM.
 

This marks the fourth consecutive day of decline for Tejas Networks. However, before today’s drop, the stock had recovered 38 per cent from its monthly low of ₹649 per share. Despite recent volatility, the stock has surged 35 per cent this year, outperforming the Nifty50’s 2.6 per cent gain. READ MORE

 

2:50 PM

Stock Market LIVE Updates: PV industry to hit record 5 mn domestic, export units in FY26: Crisil

Stock Market LIVE Updates: India's passenger vehicle industry is projected to achieve a record cumulative domestic and export volume of 5 million units this fiscal, despite a slower annual growth rate of 2-4 per cent, according to Crisil Ratings.

Despite increased launches and declining battery costs, electric vehicle (EV) adoption remains moderate at 3-3.5 per cent. Factors such as high prices, limited charging infrastructure, and range anxiety continue to restrict EV demand, with urban consumers primarily viewing them as second-car options, the insights-driven analytics firm noted in a statement. READ MORE

 

2:40 PM

Stock Market LIVE Updates: No 'investible ideas'? DSP Mutual Fund raises cash amid pricey valuations

Stock Market LIVE Updates: Elevated valuations and dwindling expectations for strong earnings growth have constrained investible opportunities in India’s equity market, posing challenges for fund managers at leading asset management firms.

Navigating this uncertain landscape, Abhishek Singh, who oversees over $2 billion in assets at DSP Mutual Fund, has significantly raised cash holdings in a large-cap fund—increasing allocation to nearly 13 per cent by March-end, compared to 5 per cent a year ago.
 

Despite the stock market’s recent rally, Singh advises investors to adjust their return expectations, citing India’s slowing economy and global volatility as key factors shaping his cautious stance. READ MORE

 

2:28 PM

Stock Market LIVE Updates: BSE Oil & Gas Index jumps 3% led by Reliance Industries: Here's why

Stock Market LIVE Updates: The BSE Oil & Gas index climbed nearly 3 per cent on Monday, driven by a 5 per cent surge in shares of Reliance Industries, the oil-to-telecom conglomerate.

Several other stocks in the index saw strong momentum, with Bharat Petroleum Corporation (BPCL), Indraprastha Gas (IGL), Hindustan Petroleum (HPCL), Adani
Total Gas, and Gas Authority of India (GAIL) rising between 2 per cent and 4.5 per cent. Additionally, Indian Oil Corporation (IOC), Oil and Natural Gas Corporation (ONGC), Oil India (OIL), and Petronet LNG posted gains of up to 2 per cent.
 

At 1:15 PM, the BSE Oil & Gas index was trading at 26,480.78, marking a gain of 734.07 points or 2.85 per cent. It reached an intraday high of 26,551.71, reflecting a 3.12 per cent increase from the previous session’s close of 25,746.71. READ MORE

 

2:14 PM

Stock Market LIVE Updates: L&T Finance shares plunge 8% post Q4 earnings; results breakdown here

Stock Market LIVE Updates: Shares of L&T Finance Ltd. tumbled over 8 per cent in Monday’s intraday trade, despite the company reporting a 15 per cent rise in consolidated net profit for the final quarter of FY 2024-25.

The stock hit a low of ₹158.2 per share, marking its steepest intraday decline since April 7 this year, before trimming losses to settle 2.64 per cent lower at ₹168 apiece, while the Nifty50 gained 1.22 per cent by 12:43 PM.
 

This marks the third consecutive trading session of decline for L&T Finance. Notably, before today’s downturn, the stock had recovered 30 per cent from its monthly low of ₹139 per share earlier in April. READ MORE

 

2:02 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade higher

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were higher on Monday, amid uncertainty regarding tariffs, the tense situation between India and Pakistan, and Q4 results.

At 2 PM, the BSE Sensex was higher by 1,055.98 points, or 1.33 per cent, at 80,268.51, and the Nifty 50 was at 24,333.25, ahead by 293.90 points, or 1.22 per cent.

1:55 PM

Stock Market LIVE Updates: RIL Q4 lifts Sensex 1,000 pts; reasons behind market rally, levels to watch

Stock Market LIVE Updates: Indian stock markets defied concerns over India-Pakistan border tensions, rallying sharply on Monday, April 28. Both the BSE Sensex and NSE Nifty surged over 1 per cent during intra-day trade, reflecting strong investor sentiment.

The BSE Sensex soared 1,098 points or 1.4 per cent, reaching an intra-day high of 80,310.6. Meanwhile, the NSE Nifty50 climbed 316 points or 1.3 per cent, hitting 24,355.10 at its peak.

In the broader markets, the Nifty MidCap index advanced 1.2 per cent, while the Nifty SmallCap index gained 0.8 per cent by noon.
 

Several factors contributed to the surge, including easing geopolitical concerns, strong corporate earnings, and renewed buying interest across sectors. READ MORE

1:41 PM

Stock Market LIVE Updates: Listing of consumer verticals, new energy scale-up key triggers for RIL

Stock Market LIVE Updates: Reliance Industries (RIL), India’s largest listed company by market capitalisation, delivered a solid performance in most business segments during the March quarter of FY 2024-25 (Q4FY25), barring its upstream vertical. The standout performer was the retail segment, which, alongside the digital business, drove a 3.1 per cent year-on-year (Y-o-Y) increase in consolidated operating profits.

 

The resilience of consumer-focused businesses helped counterbalance the 10 per cent decline in operating profit within the oil-to-chemicals (O2C) segment. With a rebound in retail, improved petrochemical margins, and ongoing expansion in its new energy ventures, most brokerages maintain a buy rating on RIL. The stock emerged as the top Sensex gainer in Monday’s morning trade, rising 4.2 per cent. READ MORE

 

1:25 PM

Stock Market LIVE Updates: Ramkrishna Forgings plunges 12%, at 52-wk low on heavy volumes; here's why

Stock Market LIVE Updates: Shares of Ramkrishna Forgings (RK Forgings) tumbled 12 per cent on Monday, reaching a 52-week low of ₹579 on the BSE during intra-day trade. The sharp decline followed the company’s disclosure of discrepancies in certain inventory cases, identified during the ongoing physical verification for the financial year ending March 31, 2025—an unprecedented occurrence in its history.

The auto components & equipment firm's stock has now dipped below its previous low of ₹604.50, recorded on March 3, 2025. Over the past two days, it has slid 16 per cent, marking a significant 33 per cent drop from its monthly high of ₹862.05 on March 24, 2025. The stock had previously reached a 52-week high of ₹1,064 on October 15, 2024. READ MORE

1:09 PM

Stock Market LIVE Updates: Ather Energy IPO subscription update

Stock Market LIVE Updates: Ather Energy IPO, which opened for public subscription today, April 28, has received a muted response from investors so far. The public offering has received bids for merely 45,76,494 shares against 5,33,63,160 offered. Among the individual categories, Retail Individual Investors (RIIs) have subscribed to 42 per cent of their reserved category, Non-Institutional Investors (NIIs) have subscribed to 0.03 per cent, while Qualified Institutional Buyers (QIBs) have not placed any bids till around 1:03 PM on Monday, showed the NSE data. READ MORE

1:01 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty maintain higher levels

Stock Market LIVE Updates:  The benchmark Indian equity indices continue to trade higher on Monday. At 1 PM, the BSE Sensex was trading higher by 1,094 points, or 1.34 per cent, at 80,306, and the Nifty 50 at 24,347, up 308.60 points, or 1.28 per cent.

 

12:55 PM

Stock Market LIVE Updates: Global funds undeterred by India-Pakistan standoff; DII flows taper off

Stock Market LIVE Updates: Foreign investors continue to repose faith in the Indian stock market, despite the cross-border tensions between India and Pakistan post the Pahalgam terror attack. Global funds, data shows, have held the fort for Indian equities even as local funds turn slightly cautious amid war worries. READ MORE

 

12:53 PM

Stock Market LIVE Updates: Nifty Oil & Gas index zooms over 3%; RIL leads

Stock Market LIVE Updates: Nifty Oil & Gas index zoomed 3.26 per cent to 11,130.30 levels during intra-day deals on Monday. The gains were led by Reliance Industries (4.84 per cent), Mahanagar Gas (4.12 per cent), and BPCL (4.11 per cent).

 

12:46 PM

Stock Market LIVE Updates: Here's why Sonata Software shares soar 6% in trade on Monday, April 28

Stock Market LIVE Updates:  Shares of Computers - software & consulting company Sonata Software were in demand on the bourses on Monday, April 28. The company's share price climbed 5.85 per cent to ₹357.70 per share during intra-day trading on Monday. A combined total of nearly 5.5 million equity shares of Sonata Software, estimated to be valued at around ₹190.79 crore, have exchanged hands on the NSE and BSE. READ MORE

12:38 PM

Stock Market LIVE Updates: HAL, Mazagon Dock: Defence stocks rally on India-Pak conflict, Rafale deal

Stock Market LIVE Updates: Shares of Indian defence companies, including Hindustan Aeronautics, Bharat Dynamics, Garden Reach Shipbuilders, Data Patterns, Mazagon Dock Shipbuilders, and others, surged up to 8 per cent on Monday, April 28, amid concerns of escalation of conflict between India and Pakistan, following the deadly terrorist attack in Pahalgam, which claimed 26 lives.  READ MORE

12:37 PM

Stock Market LIVE Updates: Midcap Alert: Marico, AIA Engg, Persistent can rally up to 22%; hint charts

Stock Market LIVE Updates: Equity benchmark indices—the BSE Sensex and the NSE Nifty—have surged approximately 12 per cent from their April 7 lows, rebounding within just three weeks amid renewed buying interest in the stock market. Alongside this recovery, several stocks have climbed from lower levels, with a few signaling fresh buy opportunities based on technical charts.

 

Three midcap stocks—AIA Engineering, Marico, and Persistent Systems—have demonstrated technical breakouts across distinct parameters, indicating potential for further upside. According to technical analysis, these stocks could rally by up to 22 per cent from their current levels.

Here's a detailed technical breakdown of each stock's performance and outlook. READ MORE

 

12:25 PM

Stock Market LIVE Updates: Mid, smallcaps outrun large-cap peers in recent market pullback. Will it last?

Stock Market LIVE Updates: Midcap and smallcap indices have outperformed their large-cap counterparts amid the recent market rebound, even as geopolitical tensions between India and Pakistan add to investor concerns.

 

Since dipping to 21,744 on April 7, 2025, due to tariff-related fears, the Nifty 50 index has rebounded by approximately 11 per cent, reaching 24,260 by April 28. Meanwhile, the Nifty Midcap 100 and Nifty Smallcap 100 indices have each posted gains exceeding 10 per cent during this period, according to ACE Equity data.

Analysts attribute the broader market recovery to the delay in the implementation of higher tariffs by US President Donald Trump. READ MORE

 

12:13 PM

Stock Market LIVE Updates: Why this smallcap auto stock fell 10% in trade on Apr 28? Check details

Stock Market LIVE Updates: SML Isuzu's share price hit the 10 per cent lower circuit at ₹1,590.05 on the BSE during Monday’s intra-day trade, following Mahindra & Mahindra’s (M&M) announcement that its board had approved the acquisition of Sumitomo Corporation’s 44 per cent stake and Isuzu Motors’ 15 per cent stake in the company. The acquisition price was set at ₹650 per share, marking a significant 63 per cent discount to the stock’s Friday closing price of ₹1,766.70 on the BSE.

As of 10:33 AM, a total of 93,000 equity shares had been traded, with pending sell orders amounting to 110,000 shares across the NSE and BSE. READ MORE

 

12:02 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty maintain higher levels

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were higher on Monday, amid uncertainty regarding tariffs, the tense situation between India and Pakistan, and Q4 results.

 

At 12 PM, the BSE Sensex was higher by 851.22 points, or 1.07 per cent, at 80,063.75, and the Nifty 50 was at 24,272.95, ahead by 233.60 points, or 0.97 per cent.

11:45 AM

Stock Market LIVE Updates: ITC presses the pedal on acquisitions to build a future-ready portfolio

Stock Market LIVE Updates: The origin of the quote—“When the facts change, I change my mind. What do you do, Sir?”—remains a matter of debate, attributed either to British economist John Maynard Keynes or American economist Paul Samuelson. Regardless of its true author, the sentiment seems to have deeply resonated within ITC’s boardroom in recent years.

 

Historically, ITC has prioritised organic growth, transforming itself from a single-product company into a diversified conglomerate by building businesses and brands from the ground up. Acquisitions have been rare throughout its century-long journey. However, as India’s economic growth accelerates, the company’s approach appears to be evolving, signaling a shift in its long-standing strategy. READ MORE