Sensex and Nifty Today: Markets Soar for 7th Day, Driven by Key Economic Boosters

Market Performance

Indian equity markets continued their winning streak for the seventh straight session on April 23, as both benchmark indices posted impressive gains.

• Sensex closed at 80,116.49, up by 521 points or 0.65%
• Nifty 50 settled at 24,328.95, gaining 162 points or 0.67%

This marks a significant rally over the past week:

• Sensex surged 6,269 points in 7 days – a massive 8.5% jump
• Nifty 50 added 1,930 points, gaining 8.6%

Across broader markets:

• BSE Midcap index rose by 0.94%
• BSE Smallcap index inched up 0.26%

Main News: Why Are Sensex and Nifty Rising?

The upward market momentum is attributed to positive domestic and global developments. Here are the top five drivers behind the rally:

1. Subdued Tariff Concerns

Recent statements from the US administration hint at a de-escalation in the US-China trade tensions. This has lifted global market sentiment and reduced fears of a prolonged trade war.

2. Strong Indian Economic Outlook

Despite global headwinds, India’s economy remains robust:

• IMF forecasts India’s GDP to grow 6.2% in FY26
• Domestic consumption, especially in rural sectors, continues to support economic activity

3. Stable Q4 Earnings

Quarterly results have provided a sense of stability:

• The banking sector posted substantial numbers backed by healthy credit growth
• IT sector, despite mixed performance, gained investor attention due to attractive valuations

4. Positive Monsoon Forecast

According to the IMD:

• India is expected to receive 105% of normal monsoon rainfall (±5%)
• This could reduce food inflation and boost rural demand

5. Foreign Capital Inflows

Foreign investors have rekindled their interest in Indian equities.

• FPIs invested ₹18,000 crore in just five sessions
• Falling US bond yields and a softer dollar boosted investment inflows.

Company and Sector Highlights

Several sectoral indices contributed to the market momentum:

• Nifty IT surged 4.34% – Best performing sector
• The auto index gained over 2%
• PSU Bank and Consumer Durables fell between 0.5–1%

Top Gainers:

• HCL Tech rose to ₹1,594, up 7.71% – highest gain since October 2021

Top Losers:

• Grasim Industries declined 2.32%, ending at ₹2,685.60

Notably, over 80 stocks on the BSE hit 52-week highs, showcasing the bullish undertone across the market.

Summary

The Indian stock market is enjoying a broad-based rally, with Sensex and Nifty hitting new milestones today. Powered by strong earnings, global optimism, a promising monsoon outlook, and a surge in foreign investments, investor confidence remains high.

While profit booking may lead to short-term corrections, the sentiment remains bullish. All eyes are now on whether the indices can maintain momentum above 24,300 (Nifty) and 80,000 (Sensex).