Taking a positive signal from the global markets, the Indian stock market closed up in the seventh consecutive trading session on Wednesday (April 23). The benchmark index Sensex once again crossed the 80 thousand figure after six months. The Nifty-50 also closed above 24,300. The market gained about 4% in the BSE IT index led by HCL Tech. The 30 -share BSE Sensex opened up at 80,142.09 on Wednesday. It climbed 80,254.55 points during trading. Finally, the Sensex rose 520.90 points or 0.65% to 80,116.49 points. The Nifty-50 of the National Stock Exchange (NSE) also opened above 24,300 with a strong lead. It reached the highest level of 24,359.30 points during trading. Finally the Nifty rose 161.70 points or 0.67% to close at 24,328.95.
HCL Tech gains 8%
Out of 30 Sensex’s 30 companies, 24 shares closed in green mark, while six shares closed in red mark. The highest lead was seen in HCL Tech shares. The IT company’s shares closed up by 8%. The bounce in the company’s shares came due to strong results of the January-March quarter. Apart from this, Tech Mahindra, Infosys, Tata Motors, TCS, Mahindra & Mahindra, Sun Pharma, Tata Steel, Bharti Airtel, Maruti, Nestle India, L&T were in the major benefits.
The reason for the rise in the stock market on Wednesday 23 April?
1. The market was strengthened by an increase of about 4% in the BSE IT index led by HCL Tech. The BSE IT index rose 4% to close at 34,842.92.
2. The market boosted by foreign investors (FIIs) in select shares. Foreign investors have been pure buyers since the last five trading sessions. He bought shares worth Rs 1,290 crore in the domestic market on Tuesday.
3. Apart from this, the boom in global markets also had a positive impact on the perception of domestic stock markets. The possibility of US President Donald Trump to relaxed the trade war with China rose in the Asian markets.
After six months, the Sensex reached beyond 80 thousand
The BSE Sensex once again reached 80 thousand after six months. On 25 October 2025, the Sensex fell 663 points or 0.8 per cent to close at 79,402. The Sensex has climbed more than 4 per cent in the last five trading sessions.
Bounce in global markets
At the same time, there was a relief in the Asian markets. This happened due to positive signs from Wall Street. Asian markets rose due to US President Donald Trump’s possibility of reducing the trade war with China. Japan’s Nikkei stood at 1.58 percent, while South Korea’s Kospi was up 1.12 percent.
On Tuesday, the US stock markets also saw a strong growth. The S&P 500 index increased by 2.51 percent, while Nasdaq Composite and Dow Jones Industrial Average fell by 2.71 percent and 2.66 percent respectively.
Trump has said that he has no intention of removing Jerome Powell, chairman of the Federal Reserve. However, they are demanding a cut in interest rates to promote development from the central bank. It received a positive indication from the US markets.
How was the market on Tuesday?
On Tuesday, the BSE Sensex rose 187 points or 0.24 percent to close at 79,595. While the Nifty 50 (Nifty-50) closed at 24,167 with 41 points i.e. 0.17 per cent. FII bought shares worth Rs 1,290.43 crore for the fifth consecutive day on Tuesday, while DII sold a net shares worth Rs 885.63 crore.
