IT Ignites the Index! Sensex Reclaims 80,000 as Bulls March On

1–2 minutes
Daily Market Wrap | April 23, 2025

Indian equity markets delivered another robust performance midweek, clocking seven straight sessions of gains, with the Sensex closing above 80,000 for the first time since January 2025. Tech stocks took center stage, propelling the markets higher amid improved global cues, renewed optimism in the U.S.-China trade landscape, and a stellar outlook from HCL Technologies.

Key Highlights

Sensex closed at 80,116 (+520 pts | +0.65%) Nifty 50 settled at 24,328 (+161 pts | +0.67%) Nifty IT surged 4.34%, its biggest single-day jump in 9 months HCL Technologies spiked 7.71%, leading the rally after upbeat FY26 revenue guidance Bank Nifty ended its winning streak, down 0.5% after touching record highs on Tuesday

Winners & Laggards

Top Gainers (Nifty 50):

HCL Technologies Infosys TCS

Top Drags:

HDFC Bank Kotak Mahindra Bank SBI

Broader markets also displayed resilience:

Mid-cap Index: +1.18% Small-cap Index: +0.44% 14 out of 17 sectoral indices closed in the green

Market Pulse

Advancing stocks: 1,515 Declining stocks: 1,340 Unchanged: 75 Stocks at 52-week highs: 50 Stocks at 52-week lows: 7 Upper circuits: 124 Lower circuits: 41

The bullish breadth highlights continued investor confidence, supported by both institutional and retail participation.

Macro Check: Economic Indicators & Commodities

HSBC India Composite PMI: 60.0 (vs. 59.5 prior) Manufacturing PMI: 58.4 (vs. 58.1 prior) These numbers reflect sustained expansion in both services and manufacturing sectors.

Commodities Snapshot:

Gold: Down ₹1,388 Silver: Up ₹391 Crude Oil: Up ₹50

Global Economic Calendar (April 24–26, 2025)

Stay tuned for these market-moving indicators:

Thursday, April 24:

U.S. Durable Goods Orders U.S. Initial Jobless Claims

Friday, April 25:

Germany Ifo Business Climate Index Japan National CPI

Saturday, April 26:

China Industrial Profits (YTD)

In Summary

Markets remain in bull mode, powered by earnings optimism and macro tailwinds. While the broader trend stays positive, smart investors are advised to stay stock-specific and mindful of sectoral rotation.

Want deeper insights and technical outlook? [Watch our YouTube update for April 23, 2025] to decode the trends and understand where opportunities lie.

Stay informed. Stay invested.