Nifty Gains for 5th Day in a Row; Nifty Bank Closes at Record High Level
Closing Bell: Indian equity markets closed higher on Monday, driven by strong performance in banking, energy, and IT stocks. The rally was supported by a weaker U.S. dollar and solid earnings from major banking companies. The U.S. dollar index also dropped to a three-year low against a basket of global currencies.
The Sensex closed almost 855.30 points or 1.09% higher at 79,408, while the Nifty 50 extended gains for the 5th straight session to close above the 24,000 mark up 274 points or 1.15%. In the last five trading sessions, the Nifty 50 has gained 7.71%.
The Nifty Bank outperformed frontline indices, closed 1,104 points higher and settled at 55,304, making a new all-time high of 55,461.65. The Nifty Bank index has rallied 5,000-point in the last five trading sessions from a mark of 50,240 (closing of April 9) to 55,304.
HDFC Bank, ICICI Bank, and Yes Bank rose 1.07%, 0.2% and 4.04%, respectively, after posting better-than-expected Q4 earnings over the weekend.
Broader indices traded with gains, where Nifty Mid-cap jumped by 2.5%, while Nifty Small-cap ended higher by 2.21%. India VIX settled near the 15.5 mark, up by 0.32% during the day.
On the sectoral front, 16 out of 17 sectors recorded gains, with Nifty Energy, up more than 2.5%, being the top-gaining sector
On April 21, 2025, the NSE recorded a total of 3,014 stocks traded, out of which 2,251 stocks advanced, 683 declined, and 80 remained unchanged.
A total of 93 stocks touched their 52-week high, while 16 stocks hit their 52-week low. Additionally, 166 stocks were locked in the upper circuit, and 54 were in the lower circuit, reflecting a strong market breadth.
Disclaimer: The article is for informational purposes only and not investment advice.
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