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.
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Stock Market Highlights, Monday, April 28, 2025: Equity benchmark indices reversed the 2-day losing streak and finished with strong gains on Monday led by a rally in index heavyweight Reliance Industries and select banking shares.
The BSE Sensex opened with a positive gap of 120-odd points at 79,344 levels, and went on to extend the gains as the day progressed. The Sensex hit a fresh calendar year high at 80,322, and finally ended with a gain of 1,006 points or 1.27 per cent at 80,218. Key reasons here
The NSE Nifty 50 index swung in a range of 24,054 to 24,355, and eventually settled 289 points or 1.2 per cent higher at 24,329.
Reliance Industries was the major mover for the benchmark indices on Wednesday. The stock jumped over 5 per cent to ₹ 1,367 after the company reported better-than-expected Q4 earnings on Friday post market hours. The stock alone contributed 400 points to the Sensex gain, and also added ₹ 1 trillion, in terms of market capitalisation to investors' wealth. READ MORE
That apart, ICICI Bank, HDFC Bank, Axis Bank and SBI collectively contributed up to 340 points to the BSE Sensex. Thus these top 5 movers collectively contributed almost 75 per cent of the day's gain.
ALSO READ: Markets too optimistic in its earnings estimates, suggests Kotak report
In terms of per centage gainers, Sun Pharma, Mahindra & Mahindra, Tata Steel, SBI, Axis Bank, Tata Motors, Larsen & Toubro finished 2 - 3 per cent higher. On the flip side, HCL Technologies slipped nearly 2 per cent. UltraTech Cement, Hindustan Unilever and Eternal were few of the other notable losers among the Sensex 30 shares.
In the broader market - the BSE MidCap index rallied 1.4 per cent, while the SmallCap was up 0.4 per cent. A total of 75 stocks hit fresh 52-week highs in trade on Monday on the BSE, while 50 stocks dropped to a new 52-week low.
Among the sectoral indices - the BSE Oil & Gas index was the major gainer - up nearly 3 per cent, largely led by Reliance. The BSE Bankex, Capital Goods, Auto, Metal and Healthcare indices also ended on a strong note - up over 1.5 per cent each.
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
per cent higher.
Broader market
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
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.
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
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.
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
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
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
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.
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
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.
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
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.
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
Topics : Share Market Today Stock Market Today MARKET WRAP MARKET LIVE MARKETS LIVE MARKETS TODAY share market stock market trading Markets Sensex Nifty BSE NSE equity Gift Nifty Q4 Results Ather Energy IPO GMP
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First Published: Apr 28 2025 | 7:31 AM IST
