The Indian stock market continued its strong rally for the fifth day in a row on Monday, as investors showed heavy buying interest in banking, IT, and auto stocks. The Sensex jumped 855.30 points, or 1.09%, to close at 79,408.50.&nbsp;
Similarly, the Nifty index of the National Stock Exchange (NSE) also ended on a higher note. It surged 273.90 points, or 1.15%, to close at 24,125.55.&nbsp;
Out of the 30 stocks that are part of the Sensex, the top gainers included Tech Mahindra, IndusInd Bank, Power Grid Corporation, Bajaj Finserv, and Mahindra and Mahindra. 
Some of these stocks gained up to 4.91% during the day. In the past five trading sessions, the Sensex has rallied by 7.5% or 5,562 points. 
During the same period, the Nifty has jumped by 7.7% or 1,726 points. The broader markets performed even better than the main indices. 
The Nifty Midcap100 rose by 2.50%, while the Nifty Smallcap100 climbed by 2.21%. Banking stocks were in strong demand as the Bank Nifty index touched a new high of 55,461.65 during the intraday. It finally closed at 55,304.50, rising 1.87%.&nbsp;
The biggest gainers in the banking space included AU Small Finance Bank, IDFC First Bank, IndusInd Bank, and Federal Bank, which ended the day with gains between 3.72% and 7.32%. 
At the same time, both the Nifty Private Bank and PSU Bank indices also ended the day with gains of over 2% each.&nbsp;
Apart from banking, most other sectors on the NSE also closed in the green. Nifty IT, Auto, Realty, and Oil and Gas indices all rose more than 2%.&nbsp;
However, Nifty FMCG was the only index to end slightly lower. Meanwhile, the Indian rupee commenced the week with upward momentum, marking its fifth consecutive day of gains. 
"This positive trend was fuelled by a weakening US dollar against major global currencies. Furthermore, robust performance in domestic equity markets, consistent inflows from foreign investment, and a decline in crude oil prices provided additional tailwinds for the rupee's appreciation," said Dilip Parmar, senior research analyst at HDFC Securities.
&mdash;IANS
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Apart from banking, most other sectors on the NSE also closed in the green

Nifty Midcap100, Smallcap100 outperform; broader markets see over 2% intraday rally

Sensex Soars 855 Pts, Nifty Tops 24,100

Nifty Midcap100, Smallcap100 outperform; broader markets see over 2% intraday rally

April 21, 2025 | 17:45 IST