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Markets log biggest 5-day gains in 4 yrs as banks rally
Hindustan Times Jammu
|April 22, 2025
Strong earnings from ICICI and HDFC Bank lifted the banking index on Monday
India's benchmark indexes logged their biggest five-day gains since February 2021, boosted by heavyweight financials following better-than-expected earnings, while a weaker US dollar further propped up investor sentiment.
The Nifty 50 gained 1.15% to 24,125.55 on Monday, while the BSE Sensex rose 1.09% to 79,408.50. In the last five sessions, the benchmarks have risen nearly 8%.
Financials, which comprise over 37% of the Nifty 50, have jumped 9.5% in five sessions and hit lifetime highs.
Dit verhaal komt uit de April 22, 2025-editie van Hindustan Times Jammu.
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