MarKeTS | Sensex, Nifty hit highest closing levels in 2025 

FPJ News Servicemumbai

Market sentiment remained cautious on Monday despite renewed and extended upward momentum. The 30-share BSE Sensex climbed 294.85 points to close at 80,796.84, extending its previous day’s rally. The NSE Nifty rose 114.45 points to 24,461.15. Key indices closed at their highest closing levels in 2025 on Monday.

“Stay ahead with market insights that matter. Sustained FII fund inflows and a sharp correction in global crude oil prices supported the momentum. The level of optimism, however, is seen falling on escalating India-Pak tensions,” marketmen said.

“Continued FII fund inflows and record GST collections in April indicate resilience in economic activity. A weak dollar and a decline in oil prices have further bolstered FII sentiment. Over the past month, the broad market has recouped more than 50% of the losses incurred during the consolidation period from September 2024 to March 2025. Q4 results to date have been sluggish, and there is a thin layer of caution due to border tensions, which could have a short-term impact on the market,” said Vinod Nair, Head of Research, Geojit Investments.

From the BSE 30-share pack, Bajaj Finserv, Mahindra & Mahindra, Eternal, Power Grid, ITC, Tata Motors, Asian Paints and Hindustan Unilever were among the top gainers. Among the top losers, Kotak Mahindra Bank declined 4.57% after the firm reported a 7.57% fall in consolidated net profit to Rs 4,933 crore for the March quarter, primarily due to elevated stress in the microlending book.  SBI lost after it reported an 8.34% decline in consolidated net profit for the January-March quarter.

Adani group stocks surge

All listed Adani group stocks recorded a sharp rally on Monday amid reports that Gautam Adani’s representatives met with US administration officials to seek the dismissal of criminal charges in a bribery probe.

The combined market cap of all Adani group firms surged by Rs 13.33 lakh crore. The stock of Adani Total Gas zoomed 11.01%, Adani Enterprises jumped 6.96%, Adani Green Energy rallied 6.61%, Adani Ports surged 6.29% and Adani Power climbed 5.96% on the BSE.

In November 2024, US authorities charged Adani, his nephew and executive director Sagar Adani and managing director Vneet S Jaain for being involved in an alleged scheme to pay bribes to Indian government officials to win solar energy contracts, and concealed the plan as they sought to raise money from US investors.