Closing Bell: Markets Rise for 7th Straight Day, Sensex Hits New 2025 High on April 23, 2025

On Wednesday, April 23, 2025, Indian stock markets continued their upward momentum. The BSE Sensex and NSE Nifty both ended higher for the seventh day in a row. Strong buying in IT stocks pushed markets up, even as banking stocks saw some selling.

The Sensex opened with a big jump of 548 points at 80,142, reaching a high of 80,255. However, it later dropped to 79,507 due to profit booking in banking stocks. Despite the dip, the Sensex recovered and ended the day up by 521 points at 80,116 — its highest close in 2025 so far. Over the past seven sessions, the index has gained 6,269 points or 8.5%.

The Nifty 50 opened strong, hitting 24,359, but also slipped during the day to 24,120 before closing at 24,329, up 162 points. In the past 7 days, it has surged 1,930 points or 8.6%.

One major reason for the ongoing rally is foreign investor support. In the last 5 sessions alone, foreign institutional investors (FIIs) have bought Indian shares worth ₹17,930 crore.

Top Gainers and Losers

Among top gainers, HCL Technologies jumped nearly 8% — its best single-day performance since September 2019. This came after the company reported an 8.1% rise in net profit and 6.1% growth in revenue for the March quarter. Tech Mahindra and Infosys also climbed 5% and 4% respectively, while TCS added 2.5%.

While most sectors performed well, banking stocks came under pressure. Kotak Mahindra Bank, HDFC Bank, SBI, and Axis Bank dropped between 1% and 2% as investors booked profits.

Read More, Top Gainers and Losers on April 23, 2025: HCLTech Surges, HDFC Bank Declines.

Mid and Small Caps Also Gain

In the broader market, the BSE MidCap index rose 1%, and the SmallCap index edged up 0.2%. Market breadth was slightly positive — about 2,050 stocks advanced while around 1,900 declined.

Sector Performance

• Top Gainer: Nifty IT index rose 4.3% 
• Other Gainers: Auto up 2.5%, Pharma and Realty up 1.4% each 
• Lagging Sectors: Consumer Durables and Financials ended in the red 

Oil Prices  

As of April 23, 2025, at 04:08 PM, Brent Crude was trading at $68.33, up by 1.32% 

Conclusion

The markets continued their strong run, driven by upbeat global cues, robust IT earnings, and steady FII inflows. However, some profit-taking in banks suggests investors remain cautious.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.          

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