Sensex Jumps 750 Points, Nifty Tops 24,550 as Nestlé Adds FMCG Punch to Banks and Realty Rally

Mumbai, April 21:Indian equity markets ended firmly higher on Tuesday, extending gains for a third straight session, with benchmarks supported by broad-based buying and strong earnings-driven moves across sectors.

The Sensex surged around 750 points to 79,273, while the Nifty 50 closed above the 24,550 mark, up around 210 points, reflecting improving risk appetite amid easing global concerns and upbeat corporate results.

Broad-Based Buying Drives Rally

The upmove was led by FMCG, followed by realty and financials.Lenders were supported by earnings optimism and renewed investor interest in the sector.

Broader markets also participated in the rally, indicating improved market breadth and a shift away from the narrow, stock-specific action seen in previous sessions.

Nestlé Shines, Boosts FMCG Pack

FMCG stocks added further strength to the rally, led by Nestlé India, which jumped over eight percent after reporting a strong set of March-quarter results.

The company posted a robust double-digit rise in profit and revenue, driven by healthy demand and record domestic sales. The stock emerged as the top gainer on the Nifty, signalling resilience in consumption trends and providing an additional pillar of support to the market.

Global Cues Lend Support

Sentiment was also aided by positive global cues, particularly optimism around potential US-Iran talks, which helped ease geopolitical concerns that had weighed on markets earlier.

A slight cooling in crude oil prices from recent highs further supported risk appetite, encouraging buying in equities.

Earnings Season in Focus

The ongoing earnings season remained a key driver, with strong results from heavyweight companies—especially in banking and consumption—boosting investor confidence.

Stock-specific action dominated, with several companies reacting sharply to quarterly earnings and outlook commentary.

Rupee Weak, Flows Mixed

The rupee traded weaker during the session, while foreign institutional investor (FII) flows remained mixed, capping some of the upside.

However, consistent buying by domestic institutional investors and retail participants helped offset external pressures and kept markets on a firm footing.

Outlook: Momentum Builds, Caution Lingers

Tuesday’s rally reflects a market regaining confidence, supported by a combination of easing global tensions and encouraging earnings.

That said, volatility is likely to persist, with investors closely tracking crude oil prices, geopolitical developments, and the pace of earnings delivery.

For now, Dalal Street appears to be in a buy-on-dips mode—powered by financial strength and consumption resilience, but still mindful of global crosscurrents.

Source:

• https://www.bseindia.com/, https://www.nseindia.com/