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Key Points

Indian markets extended gains for the sixth consecutive day, driven by banking stocks after RBI’s liquidity measures. Global tensions from US-China tariffs were offset by domestic optimism. Analysts noted spinning top patterns suggesting near-term indecision in benchmarks. The rally reflects renewed FPI confidence amid diplomatic developments between India and the US.

Key Points: Indian Stock Market Extends Rally to 6 Days Led by Banking Stocks

  • RBI’s LCR norms ease boosts Bank Nifty rally
  • Realty and FMCG sectors join gains amid flat global cues
  • India VIX drops 1.83% signaling reduced volatility
  • FPIs return as Modi-Vance talks lift market sentiment
2 min read

Indian stock markets extends gain for sixth continuous days, banks major contributors

Sensex and Nifty rise for sixth straight session as RBI liquidity measures boost banking stocks despite weak global cues from US-China trade tensions.

"Nifty formed a spinning top candle on the daily chart, indicating indecision in the market - Hrishikesh Yedve, Asit C. Mehta Investment"

Mumbai, April 22

The Indian stock markets extended their gaining streak to sixth days, with banking stocks boosting the market's sentiment.

On Tuesday, Reserve Bank of India's (RBI) liquidity-boosting measures boosted the investor's sentiments.

The RBI's measures helped offset the weak global cues originated from the reciprocal tariffs announced by US President Donbald Trump.

At the end of the trading session, Sensex up 187.09 points at 79,595.59, while the Nifty was up 41.70 points at 24,167.25.

Despite negative cues from Wall Street, the Indian equity market opened on a flat note, with the Nifty starting the day at 24,185.

Bank Nifty led the rally, jumping sharply following the Reserve Bank of India's announcement to ease final Liquidity Coverage Ratio (LCR) norms, effective from April 2026.

Beyond the banking space, sectors such as Realty, Consumer Durables, and FMCG also witnessed notable gains. The only sector to close in the red was IT.

Globally, U.S. markets remained under pressure, weighed down by persistent selling. In the derivatives segment, 158 stocks advanced while 64 declined. Significant open interest build-up was observed in stocks like RBL Bank, Syngene, Crompton, MFSL, and Grasim.

Meanwhile, the volatility index, India VIX, cooled off sharply by 1.83 per cent to 15.23, indicating reduced market volatility.

"As the monthly expiry is approaching, market participants are advised to adopt a neutral strategy for the upcoming month," said VLA Ambala, Co-Founder of Stock Market Today.

"Nifty formed a spinning top candle on the daily chart, indicating indecision in the market," according to Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates Ltd.

The equity benchmarks continued their upward momentum on Tuesday, with both benchmark indices opening with gains, buoyed by the return of Foreign Portfolio Investor (FPI) inflows and positive sentiment stemming from the meeting between Prime Minister Narendra Modi and US Vice President JD Vance.

Market experts viewed this high-level engagement as a significant development for economic and trade cooperation between the two nations.

Analysts noted that Indian equities are showing resilience and outperforming despite weak global cues, attributing this to strong domestic fundamentals and renewed optimism over Indo-US ties.

The stocks of about 2239 shares advanced during the trading, 1243 shares declined, and 112 shares unchanged.

- ANI

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Reader Comments

R
Rahul K.
This rally has been amazing! My banking stocks are finally paying off after months of patience. RBI's measures seem to be working wonders for the sector. 🚀
P
Priya M.
Interesting to see IT as the only sector in red. Wondering if this is temporary or a sign of things to come? Would love to hear analysts' views on this.
A
Amit S.
While the gains are impressive, I'm concerned about how sustainable this rally is. The article mentions weak global cues - shouldn't we be more cautious with our investments right now?
S
Sunita P.
The India VIX cooling off is great news for retail investors like me! Lower volatility means I can sleep better at night knowing my portfolio isn't swinging wildly.
V
Vikram J.
The banking sector carrying the market again! But I wish the article had more details about which specific banks benefited most from the RBI's LCR norms change.
N
Neha T.
The political angle is interesting too - Modi's meeting with US VP seems to be boosting confidence. Shows how interconnected everything is! 🇮🇳🇺🇸

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