The Reference Indices of Capital and Nifty increased in early trade on Monday promoted by the purchase at HDFC Bank, Icici Bank after their announcement of continuous foreign profits and funds.
The 30 Share Benchark Share jumped 599.66 points to 79,152.86 in the early trade. The NSE Nifty rose 152.55 points to 24,004.20.
Of the Sensex, Tech Mahindra, Axis Bank, HDFC Bank, Infosys, State Bank of India and Indusind Bank companies were the greatest winners.
Adani Ports, ITC, Bharti Airtel, Titan, Hindustan Unilever and Sun Pharma were among the laggards.
HDFC Bank’s shares cited more than 1 percent higher after the company reported a 7 percent growth in its consolidated net gain for the quarter of March to RS 18,835 million rupees, but marked problems around prices in the segment of domestic and corporate loans.
Icici Bank quoted almost 1 percent after the company reported a 15.7 percent leap in the quarter of March, the net consolidated net profit ₹ 13,502 million rupees.
The second largest IT company in India Infosys quoted more than 1 percent higher alike after the company reported a 11.7 percent decrease in net gain consolidated to ₹ 7,033 million rupees for the quarter of March, mainly because of employee compensation and the duration of acquisitions.
“Although the global economic scenario is involved in uncertainty, India seems relatively resistant. India is the only great economy that can grow 6 percent in a global economy.
“The results of the fourth quarter of HDFC Bank and Icici Bank have the potential to bring Nifty Bank to a historical maximum,” said VK Vijayakumar, head of investments head of investments, Geojit Investments Ltd.
Foreign institutional investors (FII) bought shares worth ₹ 4,667.94 million rupees on Thursday, according to exchange data.
In the Asian markets, the SSE composite index of Shanghai quoted in the positive territory, while the Kospi index of South Korea and Nikkei 225 of Tokyo were negotiated lower.
US markets ended mainly more under Thursday.
Securities markets closed on Friday for ‘Good Friday’.
“As we started a new week, the feeling of the market becomes optimistic with the anti -porters of FIIS last week, which increases trust for an agile bullish start,” said Prashanth Tape, senior vice president (research), Mehta Equies Ltd.
Benchmark Global Oil Brent Crude decreased 1.52 percent to $ 66.93 per barrel.
The BSE Benchmark Sensex jumped 1,508.91 points or 1.96 percent to settle at 78,553.20 on Thursday. The NIFTY increased 414.45 points or 1.77 percent to 23,851.65.
Posted on April 21, 2025