Daily Market Update | April 21, 2025

Indian equity markets continued their winning streak on Monday, with strong buying interest in banking and IT stocks lifting the benchmarks to new highs. The rally was further supported by a softer U.S. dollar and encouraging quarterly earnings.

The Sensex surged 855.30 points (1.09%) to close at 79,408, while the Nifty 50 climbed 274 points (1.15%) to finish above the 24,000 mark for the first time. This marks the fifth consecutive session of gains, with the index advancing 7.71% over the past week.

Banking Leads the Rally

Banking stocks were at the forefront of Monday’s rally. The Nifty Bank index jumped 1,104 points to end at 55,304, after hitting an intraday record high of 55,461.65. The index has added nearly 5,000 points in just five sessions, driven by strong Q4 earnings from heavyweights like HDFC Bank, ICICI Bank, and Yes Bank.

Broader Market Strength

The rally was broad-based:

Nifty Energy rose over 2.5%, tracking firm crude prices and sector strength. Mid-cap and Small-cap indices advanced by 2.5% and 2.21% respectively, signaling robust participation across the market. India VIX, a measure of market volatility, edged up slightly by 0.31% to 15.5, reflecting cautious optimism.

Market Breadth & Participation

Out of 3,014 stocks traded on the NSE:

2,251 stocks advanced 683 declined 80 remained unchanged

A total of 93 stocks hit fresh 52-week highs, while 16 stocks touched 52-week lows. Market turnover was healthy, with cash market turnover at ₹1.05 lakh crore, and derivatives turnover at ₹4.27 lakh crore.

What’s Fueling the Rally?

The bullish sentiment is being driven by:

Healthy Q4 earnings from index majors Renewed FII inflows into Indian equities Stable macroeconomic outlook, with India maintaining a 6% growth trajectory A declining dollar index, enhancing emerging market appeal

Additionally, retail investor confidence remains strong, with mutual fund investments growing by 21% year-on-year, reinforcing long-term optimism in Indian equities.

Global Economic Calendar: April 22–26, 2025

Keep an eye on these global triggers in the coming days:

April 22 (Tue): Eurozone Consumer Confidence April 23 (Wed): UK CPI Inflation, U.S. Manufacturing & Services PMI April 24 (Thu): U.S. Initial Jobless Claims April 25 (Fri): Japan Inflation Rate, Germany Ifo Business Climate April 26 (Sat): China Industrial Profits

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