Sensex and Nifty Extend Gains on April 21 as Banking and Auto Stocks Advance

Indian equity benchmarks Sensex and Nifty 50 closed higher on April 21, supported by gains in banking and auto stocks. The session saw sustained buying, while select IT stocks declined due to profit booking and broader sectoral trends remained mixed.

Indian equity benchmarks opened higher on Monday, April 21, and maintained gains through the session, supported by global cues and domestic buying interest. The BSE Sensex and NSE Nifty 50 traded in positive territory from the outset, extending momentum as the day progressed.

The BSE Sensex opened 96 points higher at 78,617, while the Nifty 50 began the session marginally higher at around 24,374. Buying activity intensified within the first few hours of trade, driving indices higher.

The Sensex rose nearly 430 points to approach 78,950 during the session, while the Nifty 50 gained 117 points and crossed the 24,480 level.

Sustained buying continued throughout the day. By the close, the Sensex recorded a gain of about 367 points, while the Nifty 50 traded above 24,469. This marked the second consecutive session of gains in the market.

Sensex and Nifty Extend Gains on April 21 as Banking and Auto Stocks Advance

Among individual stocks, Adani Ports, ICICI Bank, Axis Bank, Larsen & Toubro, and Bajaj Finance registered advances, contributing to the upward movement in benchmark indices.

On the downside, select IT stocks including Tech Mahindra, Tata Consultancy Services, and Infosys declined due to profit booking.

Sectoral indices showed a mixed trend. Banking and auto sectors advanced, with strength in the Nifty Bank and Nifty Auto indices. FMCG, IT, and midcap stocks witnessed mild pressure. The Nifty Midcap and Smallcap indices also recorded some declines, although gains in large-cap stocks supported the broader market.

 

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