Market Overview
The BSE Sensex closed at 80,116.49, up 520.90 points or 0.65%.
Meanwhile, the NSE Nifty 50 ended at 24,328.95, gaining 161.70 points or 0.67%.
Sectoral Performance
Consumer Services and IT sectors led the rally, with gains of 1.77% and 1.38%, respectively.
In contrast, Engineering Services and Transport Services underperformed, slipping by 1.72% and 1.35%.
Small and mid-cap indices extended their winning streak to seven days, with midcaps outpacing large caps amid renewed investor interest.
Healthcare and financials also saw robust buying, reflecting optimism around domestic-driven sectors amid global uncertainties.
Top Gainers & Losers
- Vardhman Special Steels surged 20% on announcing a new plant, hitting the upper circuit.
- Waaree Energies jumped 14.98% following strong Q4 results.
- Schaeffler India fell 3.28%, ending a six-day gain streak due to mixed sector performance signals.
- M&M Financial slipped 4% after reporting Q4 losses.
Key Influencing Factors
Foreign institutional investors bought stocks worth ₹17,930 crore, supporting the bull run.
Global cues were positive, with US markets also rebounding on hopes of Fed policy easing.
India VIX rose by 5%, indicating increased volatility expectations.
Analyst Outlook
Analysts remain cautiously optimistic, highlighting domestic economic resilience and attractive valuations.
Top funds favor large-cap and domestic sectors, maintaining cash buffers for opportunistic buying.
Conclusion
Overall, April 23, 2025, marked another positive session for Indian equities, driven by domestic sector rotation, strong FII inflows, and global market optimism.
Firms like Axis Mutual Fund emphasize strategic investments in large-cap and domestic-driven sectors while maintaining reserves for market dips.
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