Benchmark indices extended their winning streak for the fifth consecutive session on Monday, with the Sensex closing 855.30 points or 1.09 per cent higher at 79,408.50, and the Nifty 50 rising 273.90 points or 1.15 per cent to end at 24,125.55. The rally was fueled by strong quarterly earnings from key private sector banks and renewed foreign institutional buying.
Top Gainers
Tech Mahindra led the advances, surging 5.21 per cent to ₹1,373.90, as IT stocks gained momentum. IndusInd Bank shares showed strong performance, rising 4.24 per cent to ₹828.05.
PowerGrid gained 3.61 per cent to close at ₹319.95, while Bajaj Finserv added 3.47 per cent to finish at ₹2,104.25. M&M completed the top five with a 3.19 per cent gain, ending at ₹2,764.80.
Top Losers
Adani Ports was the biggest loser, dropping 1.32 per cent to ₹1,243.25 amid profit booking. Hindustan Unilever declined 1.04 per cent to ₹2,350.00.
ITC fell 1.04 per cent to ₹422.80, while Asian Paint slipped 0.99 per cent to ₹2,445.25. Nestle India closed 0.67 per cent lower at ₹2,399.45.
The broader market significantly outperformed the headline indices, with the Nifty Midcap 100 rising 2.50 per cent to 53,974.45 and the Nifty Smallcap 100 gaining 2.21 per cent. Market breadth was overwhelmingly positive, with 2,918 stocks advancing against 1,168 declines on the BSE, while 161 remained unchanged. A total of 115 stocks hit 52-week highs, compared to 48 touching 52-week lows.
Published on April 21, 2025
