Markets rallied strongly on Monday as banking and energy stocks propelled indices higher amid positive global cues. The BSE Sensex surged 1,005.84 points or 1.27 per cent to close at 80,218.37, while the NSE Nifty climbed 289.15 points or 1.2 per cent to end at 24,328.50.

Top Gainers

Reliance Industries emerged as the top performer, jumping 5.27 per cent to ₹1,368.50, buoyed by strong March quarter results showing robust growth in its telecom and retail segments.

Sun Pharma shares continued their upward momentum, rising 3.08 per cent to ₹1,841.80 following positive analyst ratings.

Tata Steel gained 2.42 per cent to close at ₹142.05 amid improving metal demand forecasts.

State Bank of India (SBI) advanced 2.36 per cent to finish at ₹817.60, while Axis Bank rounded off the top five gainers with a 2.35 per cent rise, ending at ₹1,192.70.

Top Losers

HCL Technologies was the biggest laggard, dropping 1.89 per cent to ₹1,549.40 amid profit booking after recent gains.

UltraTech Cement declined 1.05 per cent to ₹12,108.25 on concerns about rising input costs.

Hindustan Unilever fell 0.52 per cent to close at ₹2,319.45, while Eternal slipped 0.48 per cent to ₹227.25.

Nestle India completed the list of top losers with a marginal decline of 0.42 per cent, ending at ₹2,404.15.

The day’s rally was primarily driven by energy and financial sectors, with oil & gas, pharma, and banking indices showing significant gains. The IT sector was the sole underperformer, with the Nifty IT index dipping 0.22 per cent as global tech concerns weighed on sentiment.

Published on April 28, 2025