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Home » News » Reliance leads market rally as Sensex surges over 1,000 points 
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Reliance leads market rally as Sensex surges over 1,000 points 

John AndersonBy John Anderson Business
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The markets organized a strong return on Monday, with the BSE Sensex Soing 1.005.84 points or 1.27 percent to close at 80,218.37, while the NIFTY 50 index rose 289.15 points or 1.2 percent to end 24,328.50.

Reliance Industries emerged as the best winner, increasing 5.07 per center after the solid March rooms promoted by strong performances in their telecommunications and retail businesses. Other important winners included Sun Pharma (3.07 percent), JSW Steel (2.91 percent), Bell (2.59 percent) and Dr. Ir. Reddy’s (2.35 percent).

Among the main losers, Shiram Finance submerges 5.13 percent, followed by eternal (-0.92 percent), Ultracemco (-0.89 percent), HCl technology (-0.65 percent) and Hindustan Unilever (-0.63 percent).

Sectorly, all the main indices, except that it closed in positive territory, with oil and gas, pharmacist, energy, metals and banking sectors that lead the profits. The Nifty It index was the only lower performance, sliding 0.22 percent.

“Nifty opened a plane at 24,070 and made an intradic minimum of 24,054. However, he witnessed a strong relief, climbing to a high intradic or 24,355,” said Sundar Katwat, technical analyst and derived in Institutional Ashika Equite.

The widest markets also participated in the rally, with the ingenious MIDCAP 100 index winning 1.62 percent to close at 54,440.25, while the Nifty Smallcap index advanced by 0.78 percent. However, the amplitude of the market remained slightly negative with 2,038 shares decreasing against 1,958 advances in the EEB.

The constant entries of foreign institutional investors (FII) provided significant support to the feeling of the market, with approximately ₹ 32,000 million rupees invested in the last eight days. In addition, market participants were encouraged by the news that India could be the first nation to end a bilateral commercial agreement with the United States.

“This buoyancy is certainly encouraging; however, participants must maintain a positive but cautious bias, given the persistent geopolitical tensions,” said Ajit Mishra, senior vice president, Research by Religue Broking Ltd.

In the Technical Front, Rupak of, Senior technical analyst at LKP Securities, observed: “The ingenious recovered intelligently, detaching the negativity of last week. However, the advantage was high, maintaining the intact consolidation phase.

The Bank Nifty index also showed strength, winning 768.75 points or 1.41 percent to close 55,432.80. “Bank Nifty formed a bullish wrapping candle, indicating a possible resumption of the ascending trend after a three sessions pause,” Bajaj Broking Research said.

In the currency market, the Indian rupee was significantly strengthened against the US dollar, appreciating for 42 lands to establish itself at 85.03, its maximum closure since December 20, 2024. Dilip Parmarmar, attributed to the calm HDFC sence the calm geopolitical landscape. ”

Meanwhile, gold prices retired, with yellow metal sliding for $ 4 to $ 3,277 in Comex and lowered ₹ 740 to ₹ 94,250 in MCX. “The flexibility occurred in the midst of the US opening tariffs conversations with multiple nations and the growing expectations of a possible commercial agreement of China-United States,” said Jateen Trivedi, Vice President of Research of LKP Securities.

Looking to the future, market experts suggest that NIFTY could face immediate resistance around 24,400-24,500 levels, while support is seen at 24,200-24,000. “A decisive rupture above 24,400 could trigger a new impulse in the ingenious, potentially promoting it towards 24,800 brands,” predicts Ajit Mishra.

Volatility is expected to remain high due to continuous geopolitical tensions, tariff -related developments and the fourth quarter profit season. This week’s crucial economic launches in the United States, including the change of non -agricultural employment ADP, non -agricultural payroll and the designer rate, will be closely monitored and probable that the feeling of the market is probable.

Posted on April 28, 2025

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