Strong foreign inflows and global cues power Indian markets; Sensex and Nifty rebound sharply despite geopolitical tensions.
Mumbai, April 28, 2025 —
Equity benchmark indices made a powerful comeback on Monday, with the Sensex jumping over 1,000 points to cross the historic 80,000-mark and the Nifty surging more than 300 points to 24,340 by 12:30 pm.
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Top performers included Reliance Industries, Mahindra & Mahindra, ICICI Bank, Tata Steel, State Bank of India, Kotak Mahindra Bank, IndusInd Bank, Larsen & Toubro, and NTPC.
Meanwhile, HCL Technologies, Tech Mahindra, Tata Consultancy Services, Bajaj Finance, and Nestle lagged behind.
According to VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the market’s resilience stems from continued foreign fund inflows, supported by the relative underperformance of US stocks, bonds, and the dollar.
Data shows that Foreign Institutional Investors (FIIs) bought equities worth ₹2,952.33 crore on Friday, despite escalating India-Pakistan tensions after the Pahalgam terror attack.
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In total, FIIs infused ₹17,425 crore into Indian equity markets last week, buoyed by favorable global cues and robust domestic macroeconomic fundamentals. This follows a net investment of ₹8,500 crore during the preceding holiday-shortened week ended April 18.
Last Friday, the Sensex had dropped 588 points (0.74%) to close at 79,212, while the Nifty slipped 207 points (0.86%) to settle at 24,039.
Today’s rally signifies renewed investor confidence as Indian markets continue to display strength against the backdrop of global volatility.
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