BSE Sensex Traded Higher on April 28: FIIs Buying and Weaken Dollar Drove the Rally

On Monday, April 28, 2025, Benchmark indices BSE Sensex saw a strong recovery, making a decisive comeback from the previous session’s weakness. As of 12:25 PM, BSE Sensex was up 1.26% to 80,207.24 and touched the high of 80,088.89. All broader market indices were firmly in the green, indicating robust investor sentiment.

On BSE Sensex, Reliance Industries, M&M, SBI, and ICICI Bank saw gains of 1–2%, while HCL Tech, Nestle India, Maruti Suzuki, Asian Paints, and UltraTech Cement traded lower.

Reliance Industries emerged as the top performer after reporting a Q4FY25 that exceeded estimates, fueled by strong growth in its retail and digital services segments.

With the exception of Nifty IT, all sectoral indices were in the green, with the Nifty PSU Bank, Consumer Durables, Oil & Gas, and Private Bank indices surging over 1%.

Why BSE Sensex Traded Higher on April 28?

• FII Inflows Strengthen Market Sentiment: A significant driver of market stability has been the consistent buying by Foreign Institutional Investors (FIIs), with a total of ₹32,465 crore invested over the past eight days.

• Weaker Dollar Enhances Emerging Market Outlook: The weakening US dollar has also played a crucial role in boosting investor sentiment in emerging markets like India. A softer dollar typically leads to higher foreign inflows and provides support to the rupee. As of Monday, the dollar index stood at 99.60, down from 109.88 in early February. This decline has increased risk appetite, especially in sectors like metals that are sensitive to currency movements.

• Crude Oil Prices Ease Inflationary Pressures: Crude oil prices remained below $67 per barrel on Monday, helping to ease inflationary concerns. Brent crude was priced at $66.06, while U.S. West Texas Intermediate stood at $63.34.

• Global Market Outlook: Meanwhile, Asian markets inched higher, starting the day cautiously amid ongoing uncertainty regarding US trade policy.

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