The BSE Sensex surged by 855.30 points, or 1.09%, ending the day at 79,408.50. Similarly, the Nifty50 added 273.90 points, a 1.15% increase, to close at 24,125.55.
The buying spree was particularly noticeable across the banking, IT, and auto sectors, which were the key drivers of this market rally. With 23 out of 30 Sensex stocks closing in the green, investor sentiment was bullish.
The broader markets also outperformed the benchmark indices, with the Nifty Midcap100 and Nifty Smallcap100 climbing by 2.50% and 2.21%, respectively. This broad-based rally highlighted strong investor confidence across sectors.
Impact on the stock market
The day’s performance was mainly driven by the banking sector, which led the rally. The Bank Nifty reached an intraday high of 55,461.65 before settling at 55,304.50, up 1.87%.
Top-performing stocks in the banking sector included AU Small Finance Bank, IDFC First Bank, IndusInd Bank, and Federal Bank, which surged between 3.72% and 7.32%. Similarly, both the Nifty Private Bank and Nifty PSU Bank indices ended the day with gains of over 2%, reflecting strong demand for banking stocks.
Other sectors also posted solid gains, including IT, auto, realty, and oil & gas, all rising by over 2%. The Nifty IT index, for example, climbed alongside auto stocks, led by strong performance from top companies in these segments.
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| Sector/Index | Performance |
| IT & BPM sector | 2.29% |
| Healthcare sector | 0.79% |
| Oil & Gas sector | 2.38% |
| Real estate sector | 2.25% |
| PSU Bank in India | 2.47% |
Top gainers today
| Company | Price | Change % |
| Tech Mahindra Share Price | 1,373.50 | 5.10 |
| Trent Share Price | 5,360.00 | 4.47 |
| IndusInd Bank Share Price | 828.20 | 4.22 |
| Hero Motocorp Share Price | 3,917.00 | 3.85 |
| Power Grid Corp Share Price | 320.00 | 3.56 |
Top losers today
| Company | Price | Change % |
| Adani Ports Share Price | 1,243.10 | -1.29 |
| HDFC Life Share Price | 712.20 | -1.09 |
| ITC Share Price | 422.85 | -1.03 |
| HUL Share Price | 2,351.00 | -1.01 |
| Asian Paints Share Price | 2,445.00 | -0.93 |
Market aftermath: Impact on stocks
Just Dial shares zoom 13% after strong profit growth
Just Dial reported a 61% year-on-year increase in net profit, reaching ₹584.2 crore for FY25. This prompted a 13% surge in the company’s stock price, which touched an intraday high of ₹1,039.4 on the NSE. The company’s Q4 profit for FY25 came in at ₹157.6 crore, with revenue increasing by 9.5% YoY to ₹1,141.9 crore.Â
The growth was driven by strategic merchant acquisition and improved market penetration in both urban and semi-urban areas. The stock has now gained nearly 30% over the last seven sessions, a strong signal of market optimism.
International Gemmological hits upper circuit with 12% profit rise
Shares of International Gemmological Institute (IGI) hit the 5% upper circuit after the company reported a 12% rise in Q4FY25 net profit, reaching ₹141 crore. The company’s Q4FY25 revenue grew by 10% YoY, amounting to ₹305 crore, while its EBITDA margin expanded to 64% from 62.5% a year ago.
The strong performance was driven by increased demand for certification services, with IGI commanding a 50% market share in India. As a result, the stock was locked at ₹370.85 on the NSE.
HDFC AMC rises 4% after strong Q4 results
HDFC Asset Management Company (AMC) saw its stock rise by 4% after reporting an 18% increase in Q4 net profit, amounting to ₹638 crore. The company also saw a 30% YoY increase in revenue, which climbed to ₹901 crore.Â
Despite a decline in SIP flows, the company remains optimistic about future growth, with Motilal Oswal giving the stock a target price of ₹5,000, suggesting a 13% upside. HDFC AMC’s strong performance, despite weak market sentiment, further bolstered investor confidence.
Crude oil futures decline on easing supply concerns
In the commodities market, crude oil futures saw a slight decline, with Brent crude and WTI crude oil both experiencing 1.5% drops. The market was impacted by positive progress in US-Iran nuclear talks, which alleviated concerns about potential supply disruptions. Brent oil was priced at $66.91, and WTI crude was at $62.98.
This easing of supply worries caused April crude oil futures to dip to ₹5,418 on the MCX, a 1.72% decrease from the previous close. As Iran and the US continue talks on a potential nuclear deal, the oil market anticipates that this could ease restrictions on Iranian oil exports, which would have a positive impact on global oil supplies.
Conclusion
The Indian stock market had another strong day on April 21, 2025, continuing its bullish momentum with the BSE Sensex and Nifty50 gaining significantly.
Key stocks, particularly in the banking and IT sectors, saw robust growth, with major players like Just Dial, International Gemmological, and HDFC AMC reporting stellar earnings and driving the market forward.
The positive sentiment was further supported by banking stocks, which posted solid gains, and crude oil futures, which eased concerns over supply disruptions. As the Sensex continues its climb, investors will be watching closely for further developments in global markets and corporate earnings that could sustain this upward trend.
As always, keeping an eye on share market news and staying updated on key sector movements will be crucial for navigating this exciting market rally.
For more stock market insights, check out the StockGro blog.
