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4d ago

Sensex Crosses 80,000 as Rally Extends to Seventh Day

Indian markets continue their upward momentum, driven by banking and FMCG gains, foreign fund inflows, and easing global trade tensions.

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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

  • Sensex and Nifty extended their rally to a seventh consecutive session, with Sensex surpassing the 80,000 mark and Nifty nearing 24,360 in early trade on April 23, 2025.
  • Banking and FMCG sectors have been key drivers of the rally, supported by strong Q4 earnings and sustained foreign institutional investor (FII) inflows.
  • Global cues, including hopes of reduced US-China tariffs and stabilizing US monetary policy, have bolstered investor confidence and spurred gains in Asian markets.
  • Gold futures reached record highs, crossing ₹1 lakh per 10 grams, reflecting strong demand and a favorable global macroeconomic environment.
  • Analysts suggest the market's bullish momentum may soon invite profit booking, though domestic fundamentals remain supportive of continued growth.