"Sensex Soars 1,000 Points to 80,200; Nifty Gains 270 Points; Banking & Metal Stocks Lead Rally"

The Sensex surges 1,000 points to cross 80,200, while Nifty rises by 270 points, fueled by strong performances in banking and metal stocks. Investor sentiment remains bullish as key sectors drive the market rally.

Stock market rallies today, April 28. The Sensex is trading above 80,200, up by nearly 1,000 points. The Nifty has also surged about 270 points and is trading around 24,300. Today, banking, metal, and pharma stocks are witnessing strong gains, while FMCG and IT stocks are under pressure.

Asian markets also trading higher

Japan’s Nikkei is up by 182 points (0.51%) at 35,887, and South Korea’s Kospi is trading 4 points (0.15%) higher at 2,550.
China’s Shanghai Composite is trading flat around 3,300.
Hong Kong’s Hang Seng Index is up by 0.07%, trading at 21,995.

On April 25, the US markets closed higher:

Dow Jones rose by 20 points (0.050%)
Nasdaq Composite gained 216 points (1.26%)
S&P 500 Index added 40 points (0.74%)

Three reasons behind the market rally:

Boost in India-US trade talks:
US President Donald Trump’s temporary 90-day tariff relief is expected to accelerate discussions on a bilateral trade agreement (BTA) between India and the US.
Competitive edge over China:
Unlike India, China has not been granted any tariff relief by the US. This could give Indian exporters a short-term competitive advantage.
Foreign investor buying:
Foreign Institutional Investors (FIIs) have been active buyers in the Indian market. FIIs invested ₹17,425 crore in the Indian stock markets during the previous trading week (April 21–25).

Two major market updates:

Reliance shares rally:
Following its Q4 results, shares of Reliance Industries are up by about 4%, trading ₹50 higher at ₹1,350. Reliance reported a net profit of ₹19,407 crore for Q4 FY24-25, which is a 2.40% increase compared to the same quarter last year.
Ather Energy IPO:
The IPO of electric two-wheeler manufacturer Ather Energy opened today. Investors can bid for shares until April 30. The issue price has been set between ₹304 and ₹321 per share. The company aims to raise ₹8,750 crore by selling 8.18 crore shares through this public issue.

Markets Had Declined on Friday

Earlier, on April 25, the stock market witnessed a decline. The Sensex fell by 589 points (0.74%) to close at 79,212. Similarly, the Nifty dropped by 207 points (0.86%) and closed at 24,039.