28 April 2025 – NIFTY 50 Surges 289 Points | Top Gainers and Losers | Detailed Market Report

Mumbai: The Indian equity market staged a powerful comeback on Monday, 28 April 2025, as the benchmark NIFTY 50 index surged by 289.15 points, closing at an impressive 24,328.50. This sharp upswing was fueled by a combination of positive global cues, robust quarterly earnings from key companies, and renewed optimism among institutional investors. The rally was broad-based, with leadership emerging from banking, financial services, and consumer sectors.

Also Read: April 25: Indian Markets Close in Red as Nifty 50 Sheds Over 200 Points; Volatility Hits Broader Indices Amid Geopolitical Tensions and FII Outflows

Global markets provided a supportive backdrop, as easing concerns over US monetary tightening and improving growth forecasts from major economies boosted investor appetite for riskier assets. Meanwhile, domestic indicators such as stable inflation, resilient corporate earnings, and strong credit growth trends reinforced bullish sentiment.
Throughout the session, NIFTY maintained a firm footing above its opening levels, comfortably surpassing multiple resistance points and reflecting a well-supported, sentiment-driven rally rather than a speculative surge.

Market participants also remained watchful ahead of critical events such as the upcoming US Federal Reserve policy announcement and India’s fourth-quarter GDP data release.
This comprehensive market movement report delves into the top performers and laggards of the day, sector-specific trends, technical insights, and expert views to present a complete picture of the day’s developments.

Market Overview: 28 April 2025

The Indian stock markets posted a strong rally on Monday, 28 April 2025, driven by upbeat earnings reports, strong global cues, and renewed institutional buying interest.

• NIFTY 50 Closing: 24,328.50 (▲289.15 points / +1.20%)

• Opening: 24,070.25

• Intraday High: 24,355.10

• Intraday Low: 24,054.05

Today’s gain marks one of NIFTY’s strongest closings in the past two weeks, pushing it near its psychological resistance of 24,500.

🏦 Broader Indices Performance

Key Insights:

• The NIFTY Bank outperformed the headline index with a gain of over 1.4%, reflecting strength in private and PSU banking names.

• Financial services also showed resilience, suggesting confidence in credit growth momentum.

• Broader indices moving in tandem with NIFTY points toward broad-based participation across sectors.

🚀 Top 5 Gainers Today (28 April 2025)

Detailed Commentary:

• Jaynecoind hit the upper circuit today with a full 20% rally, riding on news of a strategic investment announcement.

• Premexplan posted healthy gains with strong volume, indicating bullish institutional accumulation after a blockbuster earnings announcement.

• Consumer-focused brand Barbeque Nation surged over 10%, likely fueled by strong Q4 revenue growth and increasing footfalls post-festival season.

📉 Top 5 Losers Today (28 April 2025)

Detailed Commentary:

• Tejas Networks was the day’s worst performer, plunging nearly 13% amid heavy volumes. This could be attributed to a weaker-than-expected quarterly report and profit-booking pressure after recent rallies.

• Auto-ancillary company SML Isuzu fell 10%, continuing its correction amid concerns over export market weakness.

• Small-cap counters like Avantel and Repro witnessed sharp cuts, reflecting profit-taking across select mid- and small-cap segments.

🔍 Sectoral Highlights

• Financials & Banking: Led today’s rally, with stocks like HDFC Bank, Kotak Mahindra, and SBI posting strong gains.

• IT Sector: Remained mildly positive as tech giants stabilized after last week’s volatility.

• Auto Sector: Mixed performance; two-wheelers gained, but some mid-cap auto companies struggled.

• FMCG and Consumer Durables: Stocks like Tata Consumer, Hindustan Unilever showed strength driven by Q4 performance expectations.

🛡️ Market Sentiment & Expert View

“The Indian markets are entering a bullish phase backed by strong domestic demand, improving GDP forecasts, and manageable inflation trends. However, traders should be cautious around 25,000 NIFTY levels where profit-booking might emerge,”
— said Suresh Nair, Senior Analyst, Motilal Oswal.

Foreign Institutional Investors (FIIs) have turned net buyers again in April, further boosting confidence in domestic equities.

📅 Key Events to Watch Ahead

• US Fed Interest Rate Decision: Scheduled later this week; could trigger volatility.

• India Q4 GDP Data: Expected early next month, which may define market trajectory.

• F&O Expiry: April monthly contracts expire Thursday; expect increased volatility.

Conclusion:

Monday’s remarkable rally reaffirms the underlying strength of the Indian stock market as it navigates through a dynamic global and domestic economic environment. The NIFTY 50’s sharp advance toward the 24,500 mark indicates growing investor confidence, underpinned by improving macroeconomic indicators, healthy corporate earnings, and consistent foreign inflows.

While the market sentiment remains optimistic, the proximity to critical resistance zones suggests that some caution may be warranted, especially with the upcoming US Fed decision and monthly derivatives expiry, which could introduce short-term volatility.
Sectoral leadership from banks, financial services, and consumer durables hints at a rotation toward fundamentally strong sectors, offering investors potential opportunities for selective buying.

Going forward, a sustainable move above the 24,500-24,600 zone could open doors for fresh all-time highs, while a failure to breach this resistance might trigger short-term profit booking. Traders and investors are advised to adopt a balanced approach—riding the momentum but also managing risk judiciously amid global uncertainties.
Overall, 28 April 2025 will be remembered as a pivotal day where optimism triumphed, setting a bullish tone for the week ahead in the Indian capital markets.

For real time Stock updates visit NSE visit.