Sensex and Nifty Extend Winning Streak to Six Sessions Amid Sectoral Gains

Market Performance

On April 22, 2025, Indian equity benchmarks sustained upward momentum for the sixth consecutive session. The Sensex closed higher by 187.09 points (0.24%) at 79,595.59, while the Nifty 50 ended 41.70 points (0.17%) at 24,167.25.

Despite modest headline gains, overall market breadth remained positive, with 2,389 advancing stocks, 1,453 declining, and 137 unchanged. The Nifty Midcap 100 and Nifty Smallcap 100 indices rose by 0.8%, reflecting continued investor interest in mid- and smallcap segments.

Market Highlights

Several sectors contributed to the day's performance:

• FMCG stocks saw renewed strength, with the Nifty FMCG index gaining nearly 2%.
• Real estate shares led the sectoral gains as the Nifty Realty index rose by 2.42%, marking its sixth straight growth session.
• The Nifty Bank index touched a record high of 55,961 points after the Reserve Bank of India (RBI) finalized its Liquidity Coverage Ratio (LCR) guidelines, which were considered more accommodative than the previous draft.

Other gainers included Nifty Consumer Durables, Nifty PSU Bank, Nifty Pharma, and Nifty Auto, with gains ranging between 0.41% and 1.50%.

On the downside, the Nifty IT index ended its recent uptrend by declining 0.57%, while the Nifty Oil & Gas index registered a marginal drop of 0.04%.

Company Update: IndusInd Bank

IndusInd Bank Share Price

IndusInd Bank's share price declined by 4.91%, closing at ₹787.50 on April 22. During the trading session, the stock moved between a low of ₹775.40 and a high of ₹808.00, with a total volume of 25,698,945 shares.

This movement followed reports that the bank's board has engaged Ernst & Young (EY) to conduct a second forensic audit. The audit is focused on a reported discrepancy amounting to ₹600 crore, linked to accrued interest income from the bank's microfinance portfolio.

Additional Market Developments

• HDFC Bank reached a market capitalization milestone of ₹15 lakh crore, becoming the third Indian company to reach this level after Reliance Industries and Tata Consultancy Services.
• Global developments influenced commodities, as gold prices surged to a record $3,490 per troy ounce amid increased demand for safe-haven assets.

Conclusion

India's equity benchmarks showed resilience, buoyed by strength in banking, FMCG, and realty sectors. Regulatory updates and broader market participation supported the rally. Meanwhile, IndusInd Bank's share price faced pressure due to internal audit developments. With broader indices outperforming and sector-specific movements shaping market sentiment, domestic equities maintained their upward trajectory.