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Rise in RIL stock helps Sensex hit 80k mark
The New Indian Express Vishakapatnam
|April 29, 2025
Analyst advises investors to remain cautious in near term as market is yet to price in Pahalgam terror attack impact
BULLS made a strong comeback on Dalal Street on Monday, driven by the country's largest listed company, Reliance Industries Ltd (RIL), along with support from oil marketing companies (OMCs), pharma companies and major banks.
The benchmark BSE Sensex surged 1,005.84 points, or 1.27%, to close at 80,218.37, while the Nifty rose 289.15 points, or 1.20%, to settle at 24,328.50.
RIL dominated buying counter after reporting strong Q4FY25 earnings, with its stock climbing nearly 6% intraday before closing 5.07% higher at ₹1,336.30 apiece on the NSE. It posted a 2.4% rise in profit at ₹19,407 crore for Q4 FY25, surpassing Street estimates.
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