India's frontline indices extended gains for the third straight session on April 21, supported by easing crude oil prices and improving global sentiment.
Sensex surged 753 points, or 0.96 percent, to close at 79,273.33
Nifty 50 rose 212 points, or 0.87 percent, to settle at 24,576.60
Nifty Midcap 100 gained 0.49 percent
Nifty Smallcap 100 advanced 0.88 percent
Market capitalisation of BSE-listed firms rose to nearly ₹469 lakh-crore
Up from about ₹466 lakh-crore in the previous session
Investors gained approximately ₹3 lakh-crore in a single day
Gainers: Nestle India, Hindustan Unilever, Trent
Laggards: SBI Life Insurance Company, Bharat Electronics, Jio Financial Services
35 out of 50 Nifty stocks ended higher
Nifty Bank rose 1.39 percent
Financial Services index gained 1.18 percent
FMCG up 2.55 percent, Realty up 2.14 percent led the rally
Pharma down 0.08 percent, Consumer Durables down 0.02 percent
Hopes of progress in US–Iran peace talks eased geopolitical concerns
Brent crude prices declined about 1 percent
Lower oil prices improved inflation outlook for India
Strong buying in banking and FMCG stocks on Q4 earnings optimism
Vinod Nair of Geojit Investments said supportive global cues and earnings visibility lifted sentiment. Banking stocks also gained after easing forex restrictions by the RBI.
Focus to remain on corporate earnings and global cues
Developments in US–Iran talks, rupee and crude oil trends key triggers
Hariprasad K, founder of Livelong Wealth, said:
Immediate resistance for Nifty seen at 24,600
Breakout could push index towards 24,850 and then 25,000
RSI near 59 indicates strong momentum
Support zone: 24,350–24,400
Breakdown below this may trigger profit booking towards 24,200 and lower levels
As long as the index holds above support levels, the broader bullish structure remains intact.
