Indian Markets Open in Green Despite Global Slump, Sensex and Nifty Extend Gains

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Mumbai: Indian benchmark indices, Sensex and Nifty, opened in the green on Tuesday, April 22, 2025, marking the sixth consecutive day of market gains. This positive momentum came despite Wall Street facing a significant tumble, as global investors grew more cautious amid mounting concerns.

The 30-share BSE Sensex surged 319.89 points, opening at 79,728.39, while the Nifty gained 59.85 points, starting the session at 24,185.40. In the previous trading session, the Sensex had closed at 79,408.50, and the Nifty 50 ended at 24,125.55. In the broader market, both the BSE Midcap and Smallcap indices were also trading in the green at the start of the trading day.

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, commented on the unusual market behavior: “During normal times, the correlation between the US market, known as the mother market, and other markets is high. But these are abnormal times when the normal correlation need not hold. The US market was rattled yesterday on news of potential Trump-Powell tensions impacting the independence of the Fed. Markets abhor this.”

From the Sensex pack, stocks like Tata Steel, HCL Tech, NTPC, Sun Pharma, and Eternal (formerly Zomato) saw gains in early trade, with Tata Steel leading the charge with a 2.08 percent rise. On the flip side, stocks such as IndusInd Bank, Infosys, Power Grid, Mahindra & Mahindra, and Tech Mahindra were the biggest laggards, with IndusInd Bank witnessing a notable fall of 4.18 percent.

In early trade, a total of 1,143 stocks in the Nifty pack were in the green, while 1,039 were in the red, and 93 stocks remained unchanged.

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