Spring Rally Sees Sensex Cross 80,000; Reliance Leads Gains

April 28, 2025 1:15 PM

Stock Market Live Updates – April 28, 2025: Spring Rally Sees Sensex Cross 80,000; Reliance Leads Gains

On April 28, 2025, the Indian stock market witnessed a strong comeback with major indices hitting new highs amid positive global cues. The BSE Sensex surged by 1,074 points to close above the 80,000 mark at 80,288, while the NSE Nifty climbed 302 points to reach 24,341, marking a triple century milestone.

Market Highlights:

Sector Performance: Banking, IT, and telecom sectors mostly traded in green, with Pharma, PSU Banks, and Healthcare gaining over 2%, and Oil & Gas rising more than 3%. The only notable laggard was the Nifty IT index, which ended in the red.
Top Gainers: Reliance Industries led the rally with over 4% gains, emerging as the top performer on the Sensex. HCL Technologies, however, saw a decline of nearly 1.5%.
Early Session: The Sensex opened at 79,343 and quickly crossed the 80,000 level. Nifty started at 24,070 and maintained strong momentum throughout the day.

Global Market Trends:

Asian markets showed positive momentum with Japan’s Nikkei 225 rising 0.82% and South Korea’s KOSPI up by 0.32%.
Wall Street closed higher on Friday with the S&P 500 gaining 0.74% and the Nasdaq Composite up 1.26%, buoyed by easing US-China trade tensions.

Key Factors to Watch This Week:

Investors will closely monitor Q4 earnings results, geopolitical tensions between India and Pakistan, monthly vehicle sales data, and foreign fund flows.
The much-anticipated IPO of Ather Energy is also scheduled to open, expected to add fresh momentum to the market.

Summary:

The Indian stock market’s strong rally on April 28 reflects renewed investor confidence supported by positive global cues and robust corporate earnings. With key sectors performing well and major companies like Reliance driving gains, the market is poised for continued momentum in the near term.