Sensex, Nifty 50 rises for the 6th day in a row amid the purchase of FMCG, Bank Shares | Einsmark news

The stock market today: The Indian stock market still roared for the sixth straight session on Tuesday, April 22, despite a poor handing over from Wall Street, as strong profits in finance and cars and an excellent setback in FMCG shares could end the indexes in the Green. Metal supplies also lent support to the benchmarks after the government imposed a preliminary protection duty for 12% for 200 days on five categories of steel products. By contrast, the shares of realty have risen to 6%, powered by improving liquidity conditions. Wider markets have expanded their better performance over the leading indices, with both the middle and small cap stocks increasing as the sentiment in the Indian stock market improved, powered by strong domestic clues. The Nifty 50 ended the trade session with a profit of 0.14%and ended at 24,158 points, while the Sensex ended the trade with a rally of 0.21%at 79,576. Meanwhile, the Nifty Midcap 100 rose 0.7% to sit down at 54,352 points, while the peer, the Nifty Small Cap 100 index, completed the trade at 16,883 points, 0.66% higher than the previous closure. In another asset class, Gold still shines bright, as the prices of the place have touched a new record high of $ 3.490 per Troy Ounce, powered by a constant boom in safe Haven question amid increasing tensions between the US and China and concerns about a possible slowdown in the US economy. These factors have put the US dollar index severe under pressure, helping gold maintain its global attraction. In the previous trade, US benchmarks crashed more than 2% after President Trump repeated his criticism of Fed chairman Jerome Powell, even the possibility of removing him. These remarks have expressed concern about the politicization of US monetary policy, which may undermine the Fed’s credibility and erode investor confidence in the economy. (More Come) First Published: 22 Apr 2025, 03:31 PM IST