On Tuesday, April 29, 2025, the Indian stock market began trading on a positive note, continuing the upward trend established the previous day. The Bombay Stock Exchange's 30-share index, the BSE Sensex, opened at 80,396.92, a jump from its previous close of 80,218.37, and quickly gained momentum, reaching a peak of 80,661.31, marking an increase of nearly 450 points.
Similarly, the National Stock Exchange's Nifty index opened at 24,370.70, up from 24,328.50, and climbed to 24,442.25, reflecting a gain of about 120 points. This bullish start indicated a strong market sentiment, with around 1,680 companies trading in the green zone, while 405 companies saw their shares decline.
The trading activity on Tuesday continued to show the market's resilience, particularly following the robust performance of Reliance Industries on Monday. On April 28, 2025, Reliance shares surged more than 5%, contributing significantly to the Sensex's rise of 1,005.84 points or 1.27%, closing at 80,218.37. The Nifty also maintained its upward trajectory, closing at 24,328.50, up by 289.15 points or 1.20%.
Analysts attributed the market's positive momentum to several factors, including strong foreign institutional investment (FII) inflows. On April 25, 2025, FIIs made net purchases of shares worth ₹2,952.33 crore, with total investments in the previous week amounting to ₹17,425 crore. This influx of capital was bolstered by favorable global cues and solid domestic economic indicators.
Among the large-cap companies, stocks such as IndusInd Bank (up 2%), Tata Motors (up 1.82%), Reliance (up 1.60%), and Bharti Airtel (up 1.45%) were prominent gainers during the initial trading hours. The midcap category saw Bandhan Bank shares rise by 4.14%, Mazgaon Dock by 3.80%, and UCO Bank by 3.52%. In the small-cap segment, PNB Housing shares skyrocketed by 9.52%, and RPG Life shares increased by 8.92%.
Despite the positive market sentiment, some sectors faced challenges. Stocks such as HCL Technologies, Ultratech Cement, Nestle, and Hindustan Unilever experienced declines. This mixed performance underscores the complexities of the current market environment.
The backdrop of rising tensions between India and Pakistan, particularly following a recent terrorist attack in Pahalgam, did not seem to dampen investor enthusiasm. Analysts noted that the market remained largely unaffected by geopolitical tensions, reflecting a robust domestic outlook.
Looking at the broader market context, global trends also played a role in shaping investor sentiment. Asian markets, including South Korea's Kospi and Japan's Nikkei 225, closed higher, while China's Shanghai Composite and Hong Kong's Hang Seng struggled. European markets were also trading positively, mirroring the bullish sentiment seen in the U.S. markets, which had closed higher on the previous Friday.
As the trading day progressed, the market's resilience continued to shine through, with investors remaining optimistic about the economic recovery and corporate earnings. The strong performance of key sectors, particularly in banking and industrials, has been a focal point for many investors.
In summary, the Indian stock market's positive trajectory on April 29, 2025, reflects a combination of strong corporate performances, particularly from Reliance Industries, and significant foreign investment inflows. With the Sensex and Nifty both showing substantial gains, the outlook for the Indian stock market remains cautiously optimistic.
Investors are advised to stay informed about market trends and seek expert advice before making investment decisions, especially in the current dynamic environment. As always, the stock market can be unpredictable, and while the current momentum is positive, it is essential to remain vigilant.
