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Sensex and Nifty Extend Rally to Sixth Day, Driven by Banking and FMCG Gains

Indian equity markets close higher as foreign institutional investors return, RBI eases liquidity norms, and key sectors outperform.

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A man walks past the Bombay Stock Exchange (BSE) building, in Mumbai, Tuesday, April 8, 2025.
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A trader walks, while working on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 22, 2025. REUTERS/Brendan McDermid

Overview

  • The Sensex closed at 79,595.59 and Nifty at 24,167.25, marking a sixth consecutive day of gains with a 7.8% rise over six sessions.
  • Banking and FMCG stocks led the rally, with ITC, Hindustan Unilever, and Mahindra & Mahindra among the top gainers.
  • Foreign institutional investors infused ₹1,970 crore into Indian equities, reversing months of outflows and boosting market sentiment.
  • The Reserve Bank of India reduced the Liquidity Coverage Ratio buffer for digital deposits from 5% to 2.5%, easing liquidity constraints.
  • A favorable global macroeconomic environment, including muted US bond yields and stable crude oil prices, bolstered investor confidence.