Overview

• Sensex opened above 79,500 and Nifty surpassed 24,200 on April 22, marking continued gains for the sixth straight session.
• The Nifty Bank index reached a record high of 55,422, fueled by strong Q4 earnings from HDFC Bank and ICICI Bank.
• Foreign portfolio investors have purchased over $1 billion in Indian equities across the last three trading sessions, reversing a prolonged selling trend.
• The Reserve Bank of India's recent 25 basis-point rate cut and the US tariff pause have bolstered market confidence and supported the rally.
• BSE market capitalization has climbed back above the $5 trillion mark, a milestone last achieved in January 2025.