Nifty above 24,250 and Sensex up 800 points due to strong RIL Q4 results and other important factors driving the market rally

Amid strong foreign inflows and a significant recovery in blue-chip stock Reliance Industries, the Sensex and Nifty recovered more than 1 percent in early trading on Monday in a week with fewer holidays. The surge in domestic stocks was also driven by a strong trend in international markets.

The leading gainers in today's market session included Reliance Industries, Bharat Electronics, ICICI Bank, Bajaj Finserv, and Mahindra & Mahindra.

The NSE Nifty surged 243.65 points, or 1.01 percent, to 24,283.00, while the BSE Sensex surged 860.58 points, or 1.08 percent, to a high of 80,073.11. After the Mukesh Ambani-led index heavyweight exceeded earnings projections for the fiscal quarter that concluded on March 31, 2025, Reliance Industries' shares surged 4% to become the top gainer on the Nifty50 pack. Due to decreased depreciation, interest, and tax rates, the company's net profit attributable to shareholders increased by 2.4 percent to Rs 19,407 crore for Q4 FY25, exceeding street forecasts. The company's retail, oil-to-chemicals, and digital services divisions drove an 8.8% increase in revenue to Rs 2.88 lakh crore for the three months ending March 31 compared to the same period last year.