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Sensex Jumps 800 Points, Nifty Crosses 24,100: Why the Market is Rising

Indian stock markets rallied on Monday with Sensex rising over 800 points and Nifty crossing 24,100. Strong banking earnings, foreign investments, and positive trade talks pushed the markets to new highs.

By Aakash Khuman 11:39 AM Apr 21, 2025 IST

Nifty Tops 24,100, Sensex Nears 79,400

The Indian stock market had a big rally on Monday. The Sensex jumped over 800 points to reach 79,357, and the Nifty crossed the 24,000 mark for the first time since January 2025, touching 24,101.

Also Read: Indian Retail Investors Rise as Foreign Funds Exit

Banking Stocks Lead the Market Rally

The main reason for this rise was the strong performance of banking stocks. HDFC Bank and ICICI Bank posted good quarterly results, which gave investors confidence. The Bank Nifty reached a new high of 55,200 points.

Other banks like Axis Bank, IDFC First Bank, and AU Small Finance Bank also helped the rally. Experts said that good profit margins, stable loans, and attractive prices made banking stocks a favorite.

Foreign Investors Return with Big Investments

Foreign investors (FPIs) started buying Indian stocks again. They invested around ₹8,500 crore in the week ending April 18, even after some outflows earlier in the month. This shows growing confidence in India's economy and stability.

India-US Trade Deal Boosts Sentiment

News about India and the US working on a major trade deal also lifted market mood. The deal may include 19 chapters covering goods, services, and investment. Talks are expected to start in Washington from April 23.

Global Market Hopes on US-China Talks

Positive updates on US-China trade talks gave global markets hope. Both countries have resumed communication to solve trade issues, which helped improve investor confidence around the world.

Rupee Strengthens Against Dollar

The Indian rupee gained 33 paise to trade at 85.05 against the US dollar. This happened because the dollar index dropped and foreign investments increased. Lower oil prices also helped the rupee.

Technical View: Nifty May Stay Strong

Experts say the Nifty may see small dips, but the trend remains strong. If the index stays above 24,000, more gains could follow. Support is expected between 23,600 and 23,700.

Also Read: Jio Financial Shares Jump After Q4 Results and First Dividend – Buy or Sell Now?

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