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Sensex Today Rallies 753 Points | Nifty Above 24, 550 | 5 Reasons Why Indian Share Markets are Rising
Tue, 21 Apr Closing

Sensex Today Rallies 753 Points | Nifty Above 24, 550 | 5 Reasons Why Indian Share Markets are RisingImage source: smagilov/www.istockphoto.com

Although the benchmark indices opened higher, they traded positive throughout the session and ultimately closed flat.

Indian equity benchmarks indices, Sensex and Nifty50 extended their gaining streak to the third session as traders hoped that the US and Iran would likely extend their ceasefire in the impending meeting in Islamabad.

At the closing bell, the BSE Sensex  closed higher by 753 points (up 0.9%)

Meanwhile, the NSE Nifty closed 211 points higher (up 0.%)

HUL, Trent, ICICI Bank among the top gainers today.

Bharat Elec, Titan Company, Power Grid Corp on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,575 higher by 233 points at the time of writing.

The BSE 150 Midcap index is trading 0.5% higher and the BSE 250 SmallCap index is trading 0.7% higher.

Sectoral indices were trading positive today with stocks in realty sector and banking sector witnessed buying.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at Rs 93.4 against the US$.

You can also visit our live blog section for real-time updates and deeper insights into the market.

Gold prices for the latest contract on MCX are trading 0.2 % lower at Rs 1,53,641 per grams.

Meanwhile, silver prices were trading 0.5% lower at 2,51,250 per 1 kg.

Five reasons why Indian share markets are rising:

#1 Falling Crude Oil Prices Improved Market Mood

Crude oil prices eased after a recent spike, which helped calm market concerns. Hopes of renewed US-Iran talks reduced fears of supply disruptions. This decline in oil prices provided relief and supported overall investor sentiment.

#2 Strong Asian Markets Boosted Confidence

Asian markets traded higher, which lifted investor confidence globally. Optimism around possible diplomatic progress added to the positive mood. Strong performance in Japan and South Korea supported the overall uptrend.

#3 Market Volatility Cooled Down

India VIX dropped by 6.2%, indicating reduced market fear. This came after a sharp rise in volatility in the previous session. The decline suggests a calmer and more stable short-term outlook.

#4 Banking Stocks Drove the Market Up

Banking stocks were the key drivers of the market rally. Major private banks like ICICI, Axis, and HDFC saw strong gains. The Nifty Bank index rose by 1.4%, showing strength in the financial sector.

#5 Buying Seen Across Many Sectors

Buying interest was seen across a wide range of sectors. Realty, metal, auto, and infrastructure stocks all recorded gains. The positive advance-decline ratio showed broad participation in the market.

Speaking of stock markets, Richa Agarwal highlights that recent global tensions have underscored India's dependence on imported energy and its broader economic vulnerability.

The Fast Breeder Reactor achieving criticality marks a step toward fuel self-generation and future use of thorium. With supportive policies and plans to expand nuclear capacity and private participation, India aims to strengthen its energy security.

This shift is also expected to create opportunities across the nuclear and engineering value chain.

Watch to know more.

Indosolar Q4 FY26 Results

Shares of Indosolar, a subsidiary of Waaree Energies came into focus after the company reported its Q4 FY26 results.

In Q4FY26, the company's revenue from operations came in at Rs 0.83 billion (bn), marking a sharp decline of 56.7% compared to Rs 1.92 bn in the same quarter last year. This drop was mainly due to a shift towards tolling contracts instead of direct distribution and trading revenue seen in Q4FY25.

Despite lower revenue, EBITDA increased by 28.2% to Rs 0.64 bn in Q4FY26 from Rs 0.50 bn a year ago. Profit after tax (PAT) stood at Rs 0.42 bn, rising 4.9% from Rs 0.40 bn in the corresponding period last year.

For the full FY26, the company reported strong growth, with revenue from operations rising to Rs 6.80 bn, up 109.9% from Rs 3.24 bn in FY25. Module production also increased significantly to 1,051 MW in FY26 compared to 589 MW in the previous year.

 Indosolar Solar price Chart (Rs) - 3 Years

Nelco Q4 FY26 Results

Shares of Nelco, a Tata Group satellite communication company came into focus after the company reported its Q4 FY26 results.

In Q4FY26, Nelco reported a net profit of Rs 11 million (m), compared to a net loss of Rs 40.4 m in the same quarter last year, marking a turnaround in performance. Revenue rose 17.3% YoY to Rs 792 m from Rs 675 m in the corresponding period.

For the full FY26, however, the company's net profit declined 65% to Rs 33.2 m from Rs 95.3 m in FY25. Revenue for the year saw a marginal increase to Rs 3,066 m, compared to Rs 3,049 m in the previous fiscal.

The board of directors has recommended a final dividend of Rs 1 per share, equivalent to 10%, on equity shares with a face value of Rs 10 each for the financial year ended 31 March 2026.

To know what's moving the Indian stock markets today check out the most recent share market updates here.

Read the latest Market Commentary


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