Market rally extends to 6th session: Sensex up 187 pts

The Indian equity benchmarks traded in a narrow range on Tuesday, with modest gains of around 0.3% at intraday, as RBI’s liquidity support helped offset weak global signals and lackluster sentiment across Asian markets. At close, the Sensex was up 187.09 points or 0.24 percent at 79,595.59, and the Nifty was up 41.70 points or 0.17 percent at 24,167.25. Despite the tepid gains, about 2,389 shares advanced, indicating that the market breadth was in favour of the bulls, 1,453 shares declined, and 137 shares were unchanged.
On the sectoral front, the banking index posted strong gains, as the Reserve Bank of India's released the final Liquidity Coverage Ratio (LCR) guidelines, which seem to be far softer than the draft guidelines. According to the RBI, this will lead to 600 bps improvement in LCR at the aggregate level for the banking sector, according to information. The Nifty Midcap 100 and Nifty Smallcap 100 indices gained 0.8 percent each.
Rupee Close:
On 22 April'25,the Indian rupee consolidated in a narrow-range and settled for the day lower by 8 paise at 85.23 against the US dollar on Tuesday, as the support from positive domestic equities was negated by dollar short-covering by investors.Forex traders reportedly stated foreign fund inflows supported the domestic unit. However, a recovery in crude oil prices dented investor sentiment. Moreover, concerns persisted over economic headwinds from tariffs and US monetary policy that could dampen demand.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments reportedly quoted as saying,despite negative global cues related to Trump-Fed tensions, the national market has maintained its optimism. The RBI's relaxed liquidity coverage ratio guidelines, which are anticipated to enhance credit growth, boosted the finance sector. Foreign inflows have remained consistent for the fourth consecutive day, driven by a weakening dollar and competitive valuations. Additionally, domestic macroeconomic conditions are improving, with declining inflation and rising expectations of further rate cuts by the RBI, which are likely to lower costs and stimulate demand. These factors are expected to support corporate earnings in FY26.
Market experts recommended four shares to buy-Texmo Pipes, Geojit Financial Services, Sterlite Technologies, and Suzlon Energy.

(Business Correspondent)