Why did the Indian stock market rise on April 28, 2025?

On April 28, 2025, the Indian stock market experienced a significant rally, with the BSE Sensex surging over 1,000 points to surpass the 80,000 mark and the Nifty 50 climbing above 24,300. Several key factors contributed to this upward movement:​

1. Strong Earnings from Reliance Industries

A major player in the Sensex and Nifty indices, Reliance Industries Limited (RIL), released fourth-quarter earnings that were better than anticipated. The company's stock price increased by almost 5%, reaching its highest level since late October, as a result of strong performance in its retail and telecom divisions. In response, a number of analysts improved their ratings for RIL and raised their price targets.

2. Robust Foreign Portfolio Investments

Over the last eight days, foreign investors have invested more than ₹32,000 crore, or around $3.8 billion, in Indian stocks, demonstrating their sustained strong interest in the market. India's steady economic outlook and comparatively better performance as compared to other emerging markets were the main drivers of this capital inflow.

3. Positive Global Cues and Easing Trade Tensions

Global markets offered a positive environment, as worries about a possible trade war between the US and China subsided. Anxiety among investors was reduced by active negotiations and upbeat remarks made by world leaders, which boosted mood in Indian markets.

4. India's Diplomatic Approach to Geopolitical Tensions

Investors praised India's calm and diplomatic response to the Pahalgam terror assault, despite recent geopolitical tensions. Investor confidence and market stability were enhanced by the international community's backing of India's position.  ​

5. Sectoral Gains Beyond IT

Other industries had notable rises, including financials, commodities, oil and gas, and pharmaceuticals, while the IT sector remained muted. Notably, the Nifty PSU Bank index increased by 2.82%, and the indices benefited from the favorable contributions of big banking companies including ICICI Bank and HDFC Bank.

In conclusion, high corporate profits, especially from Reliance Industries, significant foreign investments, encouraging world events, and India's tactful handling of geopolitical difficulties all contributed to the April 28, 2025, surge in the Indian stock market.