Indian markets experienced a surge on Monday, April 28, 2025, driven by strong earnings from Reliance Industries (RIL) and positive trends in Asian markets. The Sensex climbed over 850 points, surpassing the 80,000 mark, while the Nifty50 neared 24,300.

The BSE Sensex jumped by 828 points, a 1.05% increase, to reach 80,041. The Nifty50 advanced by 235 points, or 0.98%, trading at 24,275 around 10:14 am. Reliance Industries, M&M, SBI, and ICICI Bank saw opening gains between 1-2%, whereas HCL Tech, Nestle India, Maruti Suzuki, Asian Paints, and UltraTech Cement experienced losses.

Reliance Industries emerged as the top gainer following a better-than-expected fourth-quarter profit, fueled by substantial growth in its retail and digital services sectors. Asian markets also showed positive movement amid ongoing uncertainty regarding U.S. trade policy.

Geopolitical tensions between India and Pakistan, particularly after the Pahalgam terror attack, added a layer of anxiety for investors. Conflicting signals from U.S.-China trade negotiations further contributed to market uncertainty. U.S. President Donald Trump's assertion of ongoing tariff negotiations with China was denied by Beijing, causing confusion.

Market experts suggest that sustained foreign investment is a key factor in the market's resilience. Dr. VK Vijayakumar of Geojit Investments Limited noted that Foreign Institutional Investors (FIIs) have been consistent buyers, investing Rs 32465 crores in the last eight days, reversing their previous selling strategy due to the underperformance of US stocks, bonds, and the dollar.

Mandar Bhojane from Choice Broking pointed out that the Nifty now has immediate support at 24,000, with deeper cushions at 23,800 and 23,600. Resistance is placed at 24,300, 24,400, and 24,600. A breakout above 24,600 could lead to a rally towards 25,200.

Asian share markets and the dollar showed caution due to the confusion surrounding U.S. trade policy. MSCI's broadest index of Asia-Pacific shares outside Japan rose slightly, while Japan's Nikkei increased by 0.9%, and South Korea firmed by 0.2%. EUROSTOXX 50 futures added 0.3%, while FTSE and DAX futures both rose 0.2%. Conversely, S&P 500 futures dipped by 0.4%, and Nasdaq futures eased by 0.5% in early trade.

Foreign Institutional Investors (FIIs) continued as net buyers for the eighth consecutive session, with inflows of Rs 2,952 crore on April 25. Domestic Institutional Investors (DIIs) turned net buyers with inflows of Rs 3,539 crore after three sessions of net selling.

Oil prices saw a slight increase but remained influenced by uncertainty in U.S.-China trade talks. Brent crude futures were up 22 cents at $67.09 a barrel, and U.S. West Texas Intermediate crude gained 24 cents to $63.26 a barrel.

The Indian rupee strengthened by 12 paise to 85.29 against the US dollar. The dollar index rose by 0.19% to 99.66.