Markets surge in early trade on persistent foreign fund inflows
The Hindu
Equity indices surge on foreign fund inflows, easing tariff concerns; Sensex up 442.94 points, Nifty up 129.15 points.
Equity benchmark indices Sensex and Nifty surged in early trade on Tuesday (April 29, 2025) amid persistent foreign fund inflows and easing tariff concerns.
The 30-share Bombay Stock Exchange (BSE) benchmark gauge jumped 442.94 points to 80,661.31 in early trade. The NSE Nifty rallied 129.15 points to 24,457.65.
From the Sensex firms, Tata Motors, Reliance Industries, IndusInd Bank, Bharti Airtel, Mahindra & Mahindra, and Axis Bank were the biggest gainers.
Sun Pharma, Nestle, UltraTech Cement, Power Grid, and Bajaj Finance were among the laggards.
Foreign Institutional Investors (FIIs) bought equities worth ₹2,474.10 crore on Monday (April 28), according to exchange data.
"The strong pillar of support for the market now is the sustained FII buying for nine days in a row for a cumulative amount of ₹34,940 crore. India’s potential relative outperformance compared to other large economies can support the FII inflows and impart resilience to the market," V.K. Vijayakumar, chief investment strategist, Geojit Investments Limited, said.
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