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Market Ends Higher, Sensex & Nifty Snap Three-Day Losing Streak; Nifty Ends Above 24,100 | CNBC TV18

CNBC-TV18
CNBC-TV18•Apr 27, 2026

Why It Matters

A decisive Nifty breakout and broad market participation signal renewed investor confidence, potentially setting the stage for sustained equity gains ahead of upcoming earnings cycles and the Reliance IPO.

Key Takeaways

  • •Nifty closes above 24,100, ending three‑day losing streak
  • •Reliance Industries rallies on strong earnings and upcoming IPO news
  • •Banking stocks dip amid profit‑taking after recent earnings releases
  • •Tech and metal sectors lead gains, with HCLTech and Hindustan Zinc up
  • •Market breadth positive: three advancing stocks for every decliner

Summary

The market closed on a high note, with the Nifty breaching the 24,100 mark and snapping a three‑day slide, while the Sensex also posted gains. The rally was driven by a broad base of advancing stocks, signaling renewed bullish momentum.

Reliance Industries led the charge, jumping to around the 1,370 level after posting robust quarterly numbers and teasing a potential IPO. Meanwhile, banking shares such as Shriram Finance, Access Bank and RBL Bank fell 3‑4% as investors took profits following recent earnings.

Technology and metals added to the upside: HCLTech, Tech Mahindra and Vedanta‑linked Hindustan Zinc each rose roughly 3‑3.5%, buoyed by favorable earnings and sector‑specific catalysts. The market breadth was striking, with three stocks advancing for every decliner, underscoring the breadth of the rally.

The upbeat close suggests that investors are regaining confidence after a period of volatility, and the strong earnings backdrop could sustain the upside if corporate results remain positive and the anticipated IPO proceeds smoothly.

Original Description

Indian equity benchmarks ended on a strong note today, with the Nifty closing near 24,100 mark, supported by broad-based buying across sectors.
At close, the Sensex was up 639.42 points or 0.83 percent at 77,303.63, and the Nifty was up 194.75 points or 0.81 percent at 24,092.70. About 2953 shares advanced, 1225 shares declined, and 177 shares unchanged.
On the Nifty, major gainers included Sun Pharma, Tech Mahindra, Reliance Industries, Wipro, and Jio Financial Services. On the other hand, laggards included Shriram Finance, Axis Bank, Bharat Electronics, ICICI Bank, and Tata Consumer Products.
Broader markets outperformed, with the Nifty Midcap index rising 1.5% and the small cap index gaining 1.9%.
Sectorally, the rally was widespread, with healthcare, IT, realty, media, consumer durables, pharma, and power indices advancing nearly 2% each.
#marketclosing #sensex #nifty #sharemarkettoday #stockmarketupdates #latestmarkettrends #cnbctv18 #cnbctv18market #businessnewsinenglish #businessnewstoday #businessnewsinenglish #sharemarkettoday
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