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Mkts gain for 5th session on trade talks, corp earnings
The Morning Standard
|April 22, 2025
DOMESTIC equity markets continued their upward momentum for the fifth straight session on Monday, driven by robust Q4FY25 earnings from major private lenders like ICICI Bank and HDFC Bank.
Optimism over ongoing India-US trade talks and renewed buying by foreign institutional investors (FIIs) further fuelled the rally.
The BSE Sensex surged 855.30 points (1.09%) to close at 79,408.50, while the Nifty50 gained 273.90 points (1.15%) to settle at 24,125.55. Broader markets also shone, with the Nifty Midcap100 and Nifty Smallcap100 rising 2.50% and 2.21%, respectively.
Over the past five sessions, the Sensex has rallied 5,500 points and the Nifty has climbed 1,700 points, marking a 7% recovery from the recent sell-off triggered by US tariff concerns.
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