Sensex jumps 1,006 points; Nifty tops 24,300 level on buying in Reliance, foreign fund inflows
The Hindu
BSE Sensex closes above 80,000 on rally in Reliance Industries, private banks, and foreign fund inflows amid border tensions.
Benchmark BSE Sensex soared by 1,006 points to close above 80,000 level on Monday (April 28, 2025) as a sharp rally in Reliance Industries and private banks, and foreign fund inflows helped stock markets cut short two days of fall amid India-Pakistan border tensions.
The 30-share BSE Sensex jumped 1,005.84 points or 1.27% to settle at 80,218.37 with 23 of its constituents ending with gains and seven in the red. During the day, it surged 1,109.35 points or 1.40% to 80,321.88.
The NSE Nifty rallied 289.15 points or 1.20% to close at 24,328.50.
Also read | Sensex, Nifty surge in early trade on buying in Reliance Industries, foreign fund inflows
Reliance Industries surged by 5.27% to emerge as the biggest gainer among Sensex stocks. The oil-to-retail behemoth reported a 2.4% rise in March quarter net profit beating street estimates.
Mahindra & Mahindra spurted 2.29% after the auto major announced a ₹555-crore acquisition of SML Isuzu and said that the buyout was a strong strategic fit for the company that would put it in a strong position. SML Isuzu Ltd shares, on the other hand, tanked 10%.
Sun Pharma, Tata Steel, State Bank of India, Axis Bank, Tata Motors, Larsen & Toubro and ICICI Bank were also among the Sensex gainers.
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