Markets Surge at Midday: Banks and Defense Sectors Lead the Rally
By ScanX News Team
Indian markets show strong positive momentum with Nifty at 24,285.75 (+1.02%) and Sensex at 80,074.15 (+1.09%). Aerospace & Defense (+3.20%) and Engineering Services (+2.67%) lead gains, while Aviation (-1.12%) lags. Jayaswal Neco Industries (+19.99%) and RBL Bank (+10.01%) surge on quarterly results, while Tejas Networks (-10.71%) and Associated Alcohols & Breweries (-9.99%) face selling pressure.
*this image is generated using AI for illustrative purposes only.
Market Overview
As of midday on April 28, 2025, Indian markets are showing strong positive momentum. The NSE Nifty 50 is trading at 24,285.75, up 246.40 points or 1.02% from its previous close. Similarly, the BSE Sensex has gained 861.62 points or 1.09%, currently standing at 80,074.15.
Sectoral Performance
Top Performing Sectors
- Aerospace & Defense (+3.20%)
- Engineering Services (+2.67%)
- Banks (+1.45%)
- Oil & Gas (+1.10%)
- Petroleum Products (+0.98%)
Underperforming Sectors
- Aviation (-1.12%)
- Media (-0.38%)
- Telecom (-0.38%)
- Beverages (-0.29%)
- Logistics & Cargo (-0.28%)
Buzzing Stocks
| Company | Stock Movement | Key Highlights |
|---|---|---|
| Jayaswal Neco Industries Ltd | +19.99% | Q4 net profit increased to ₹1.02 billion from ₹20.3 million YoY |
| RBL Bank Ltd | +10.01% | Q4 net profit fell 80% to ₹68.7 crore; improved asset quality; guided for 16-17% loan growth by FY27E |
| Tejas Networks Ltd | -10.71% | Reported Q4FY25 net loss of ₹71.8 crore vs profit of ₹146.8 crore in Q4FY24 |
| Associated Alcohols & Breweries Ltd | -9.99% | Q4 consolidated net profit dropped to ₹223 million from ₹814 million YoY |
Conclusion
The Indian markets are showing strength at midday, with both Nifty and Sensex trading over 1% higher. The Aerospace & Defense and Engineering Services sectors are leading the gains, while Aviation is the biggest laggard. Individual stocks are seeing significant movements based on their quarterly results, with Jayaswal Neco Industries and RBL Bank among the top gainers, while Tejas Networks and Associated Alcohols & Breweries are facing selling pressure.
