• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

Indian markets open: Sensex reclaims 80K, Nifty nears 24.3K as tech rally powers 7th day gains

by April 23, 2025
written by April 23, 2025

Indian equity benchmarks extended their winning streak into a seventh consecutive session today, propelled higher by a vigorous rally in technology stocks and positive cues flowing from a strong overnight performance in US markets.

The Sensex reclaimed the psychological 80,000 mark for the first time in over three months, while the Nifty 50 climbed towards the 24,300 level.

Sensex reclaims milestone, Nifty advances steadily

Opening on a positive note, the markets sustained momentum throughout the session.

The S&P BSE Sensex ultimately closed significantly higher, although specific closing figures varied slightly from the initial text.

The key achievement was breaching the 80,000 level, a feat last accomplished on January 3, 2025, marking 73 trading days or 110 calendar days since.

The Nifty 50 also saw smart gains, trading near the 24,300 mark during the session before settling slightly lower but still firmly in positive territory.

Tech sector takes center stage

The standout performer today was undoubtedly the information technology sector.

The Nifty IT index soared an impressive 3.2% to 35,025.65, significantly outperforming other sectoral gauges. Leading the charge was HCL Technologies, whose shares jumped a remarkable 7.4% to an intra-day high of Rs 1,588.

This surge followed the IT giant’s robust Q4 earnings report and positive guidance, which brokerage houses viewed bullishly, particularly noting the company’s perceived limited exposure to potential US tariff impacts.

HCLTech’s CEO further bolstered sentiment by stating the company had seen no tariff impact so far.

The positive momentum lifted the entire Nifty IT pack, with all constituents reportedly trading higher, a stark contrast to recent sluggishness in the sector.

Drivers behind the market ascent

Several factors converged to fuel today’s rally:

US market rebound: A powerful overnight rally on Wall Street provided a significant tailwind. US indices snapped a four-day losing streak, closing sharply higher (Dow +2.66%, S&P 500 +2.51%, Nasdaq +2.71%). This US upswing was partly attributed to comments from US Treasury Secretary Scott Bessent.

Trade de-escalation hopes: Speaking to investors privately, Bessent reportedly expressed expectations for a “de-escalation” in the US-China trade war in the “very near future,” calling the high-tariff standoff unsustainable. This eased investor anxieties globally.

Musk refocusing on Tesla: Relief among Tesla investors after CEO Elon Musk indicated he would scale back his government-related work and dedicate more time to the electric vehicle company also contributed to the positive US backdrop, addressing concerns about his political activities potentially harming the brand.

Commodity context: While domestic gold prices saw activity linked to festivals and wedding season, pushing 24-carat rates to reported highs near Rs 1,01,600/10 grams, the global outlook presented a different picture.

Gainers led by tech, financials lag slightly

Reflecting the tech dominance, today’s top gainers on the main indices included HCLTech (surging around 7.14%), followed by Tech Mahindra (+4.20%), Infosys (+3.34%), and TCS (+2.14%).

Automaker M&M also joined the rally with a gain of 2.37%.

On the losing side, some profit-taking or consolidation was seen in select financials and telecom, with Bharti Airtel (-0.32%), HDFC Bank (-0.44%), Kotak Bank (-0.45%), Bajaj Finance (-0.46%), and Eternal [-0.48%] seeing minor dips.

Despite some slight pullback in select heavyweights, the overall market breadth remained positive, indicating continued underlying strength as the winning streak extended to seven sessions.

The post Indian markets open: Sensex reclaims 80K, Nifty nears 24.3K as tech rally powers 7th day gains appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Asian markets open: Stocks surge as Trump eases Fed firing threat, trade hopes build
next post
Pahalgam terror attack: J&K Bank shares fall; analysts warn of short-term volatility if India retaliates

related articles

Asian markets open: Nikkei, Hang Seng fall on...

June 12, 2025

Aluminum and steel tariffs spark rise in secondary...

June 12, 2025

Airbus sees aviation boom ahead, global fleet to...

June 12, 2025

US-China trade talks and Washington’s decade-long effort to...

June 12, 2025

Europe markets open: Stoxx 600 dips as UK...

June 12, 2025

UK GDP falls by 0.3% in April as...

June 12, 2025

Gordon Brothers buys Poundland; pledges £80 mn for...

June 12, 2025

Air India plane crash: London-bound flight with 242...

June 12, 2025

Air India plane crash live update: Indian President...

June 12, 2025

Copper remains supported for now even as China...

June 12, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Democratic committee chair pours cold water on replacing Sotomayor before Trump takes office

    November 13, 2024
  • Debate Drama: Trump vs Harris Over America’s Future

    August 8, 2024
  • Over 5,700 children in 5-year period had gender surgeries, most from 5 liberal states: watchdog

    October 9, 2024
  • Last-minute summer travelers are finding the best deals in years

    August 12, 2024
  • Medicaid becomes flashpoint in House debate over Trump budget bill

    February 19, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,086)
  • Investing (634)
  • Stock (815)

Latest Posts

  • Biden jokes ‘I’m a young man’ during interview with Special Counsel Robert Hur

    May 17, 2025
  • Spanish retailer Mango to open 60 new U.S. stores as it looks to elevate the brand

    November 26, 2024
  • Adani Group Shares Recover as CFO Denies U.S. Bribery

    November 26, 2024

Recent Posts

  • Is Intel the smarter investment as Nvidia peaks? Here’s why

    July 18, 2024
  • RFK Jr’s HHS to end routine COVID vaccine guidance for children, pregnant women: report

    May 16, 2025
  • House Republicans agree on Plan B government funding bill with Trump’s debt limit increase

    December 20, 2024

Editor’s Pick

  • Rigetti vs IonQ stock: which is the better quantum play for 2025?

    May 3, 2025
  • DAVID MARCUS: Tax-free overtime could be midterm magic for GOP

    May 24, 2025
  • As Gaza war drags past 1 year mark, hope fades for a deal to bring hostages home soon

    October 9, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock