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Sensex Crosses 80,000 as Reliance and Banks Propel Market Rally

Indian equity benchmarks hit record highs on April 28, 2025, driven by strong Q4 earnings from Reliance Industries and robust bank stock performance.

Stock market today: Gift Nifty up 40 pts; key levels to watch for Nifty, Sensex, Nifty Bank

Overview

  • The BSE Sensex surged 1,005.84 points (1.27%) to close at 80,218.37, while the NSE Nifty climbed 289.15 points (1.20%) to settle at 24,328.50.
  • Reliance Industries shares soared 5.27% to a six-month high of ₹1,368.50, contributing nearly 400 points to the Sensex’s gains following strong Q4 earnings.
  • Major banks, including ICICI, Axis, SBI, and HDFC, collectively added approximately 335 points to the Sensex, reinforcing the market's upward momentum.
  • Foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) maintained net buying positions for the second consecutive session, injecting ₹5,291.74 crore into the market.
  • Investor wealth grew by ₹4.53 lakh crore to ₹426.12 lakh crore ($5 trillion), recovering significant losses from the previous week.