Sensex, Nifty Today | Stock Market Highlights: Tech triumphs, markets cheer; Nifty ends above 24,300 and Sensex soars 500 points, India VIX up 5%

By Admin

24 Apr, 2025

A power-packed Wednesday session has left the Indian equity markets in celebration mode. The BSE Sensex roared past the 80,000 mark, while the Nifty 50 closed strong above 24,300. Powered by a solid rally in tech and auto stocks, Indian indices basked in bullish sentiment as investors cheered strong global cues and sectoral strength.

🔥 What Fueled Today’s Market Rally?

1. Tech Stocks Lead the Surge:
Information technology stocks were the heroes of the day. HCL Tech’s latest growth guidance raised investor hopes, suggesting significantly better growth prospects compared to its peers. Additionally, HCL's CEO reassured markets by stating that US tariffs had no current impact on their business operations. This sentiment, combined with an overnight rally in US tech stocks, sparked heavy buying across the Indian IT sector.

2. Global Markets Set the Tone:
A strong comeback by US stock markets provided a vital tailwind. The Dow Jones jumped 1,016 points (2.66%), the S&P 500 rose 2.51%, and the Nasdaq surged 2.71%. The positive momentum extended to Asian markets too, with indices like Japan’s Nikkei 225 and South Korea’s Kospi opening significantly higher.

3. Hope on Trade War Front:
US Treasury Secretary Scott Bessent hinted at an upcoming de-escalation in the ongoing trade war between the US and China. Addressing investors behind closed doors, Bessent labeled the sky-high tariffs “unsustainable” and voiced optimism over a resolution “in the very near future.” The news brought a wave of optimism across global markets.

4. Gold Shines Brighter Than Ever:
Gold prices in India reached an all-time high, crossing the ₹1 lakh per 10 grams mark. With Akshaya Tritiya and wedding season fueling strong demand, 24-carat gold prices today jumped to ₹1,01,600/10g, up from ₹99,800 just a day ago.

5. Musk’s Tesla Focus Reassures Investors:
Elon Musk’s announcement to devote more time to Tesla, stepping back from his involvement in politics and government affairs, calmed nerves among global investors. The move is seen as a potential stabilizer for Tesla’s brand, which had been under pressure due to Musk’s recent political stances.

📊 Market Recap: Where We Ended

• Sensex: 🚀 Surged by over 500 points, closing just shy of 80,000
  
  

• Nifty 50: 📈 Ended above 24,300, led by gains in tech and auto
  
  

• India VIX: ⬆️ Rose by 5%, reflecting a spike in market expectations and volatility
  
  

📌 Key Takeaway

Today’s market performance reflects a blend of domestic strength and global confidence. With tech and auto stocks driving the charge, and positive cues from the US and Asia, investor optimism is running high. The Sensex nearing 80,000 is not just a psychological milestone—it's a sign of the resilience and momentum in the Indian equity market.