Stock market today: BSE Sensex closes above 80,000 for the first time in 2025; Nifty50 above 24,300

Stock market today: Stock markets continued their positive streak for the seventh consecutive day on Wednesday, with the BSE Sensexgaining 520 points to surpass the 80,000 mark for the first time since December 18. The 30-share Sensex settled at 80,116.49, rising by 520.90 points or 0.65 per cent, reaching an intraday high of 80,254.55.The NSE Nifty advanced by 161.70 points or 0.67 per cent to close at 24,328.95.
Market sentiment improved due to foreign investments and favourable global market conditions, according to analysts.
HCL Tech led the Sensex gainers with a 7.72 per cent increase following its announcement of Rs 4,307 crore consolidated net profit for March quarter 2024-25, supported by significant deals valued at approximately Rs 25,500 crore.
Other notable gainers included Tech Mahindra, Tata Motors, Infosys, Mahindra & Mahindra, Tata Consultancy Services, Tata Steel, Bharti Airtel and Maruti.
The banking sector experienced a decline after recent gains, with HDFC Bank dropping 1.98 per cent, becoming the largest decliner among Sensex components.
Other underperforming stocks included Kotak Mahindra Bank, State Bank of India, Axis Bank, ITC and UltraTech Cement.
Asian markets showed mixed results, with gains in South Korea's Kospi, Tokyo's Nikkei 225, and Hong Kong's Hang Seng, while Shanghai SSE Composite declined slightly.
European markets demonstrated significant strength.
US markets recovered strongly on Tuesday, with Nasdaq Composite rising 2.71 per cent, Dow Jones Industrial Average increasing 2.66 per cent, and S&P 500 advancing 2.51 per cent.
Foreign Institutional Investors purchased equities worth Rs 1,290.43 crore on Tuesday, as per exchange data.
"The Indian equity market maintained its upward trajectory, supported by positive IT sector results and optimistic outlook. However, the financial sector saw profit-taking following recent gains.
"The easing US-China trade tensions and strong performance of US technology stocks have enhanced global market sentiment," stated Vinod Nair, Head of Research, Geojit Investments Limited.
Brent crude, the global oil benchmark, increased by 1.35 per cent to USD 68.35 per barrel.
On Tuesday, the BSE benchmark rose by 187.09 points or 0.24 per cent to 79,595.59, while the Nifty increased by 41.70 points or 0.17 per cent to 24,167.25.