Indian Sensex Climbs 143 Points Amid Buying in ICICI Bank and Reliance

The Indian stock market extended its winning streak to six consecutive days, with the Sensex closing 143 points higher due to buying in ICICI Bank and Reliance Industries. The Nifty rose by 33 points. Market experts attributed the rally to proposed GST reforms and a recent credit rating upgrade, bolstering investors' confidence. However, the BSE smallcap and midcap indices ended flat and lower, respectively.

The Indian stock market continued its winning streak on August 21, 2025, with the Sensex closing 143 points higher, driven by buying interest in ICICI Bank and Reliance Industries. The Nifty also rose by 33 points, reaching 25,083.75 [3]. Market experts attributed the rally to proposed GST reforms and a recent credit rating upgrade, which bolstered investors' confidence [2].

The Sensex, the benchmark index of the Bombay Stock Exchange (BSE), climbed 142.87 points or 0.17% to settle at 82,000.71. The NSE Nifty, another key index, rose by 33.20 points or 0.13% to 25,083.75 [3]. The winning streak extended to six consecutive days, with the BSE smallcap and midcap indices ending flat and lower, respectively.

The buying interest in ICICI Bank and Reliance Industries was a significant factor in the market's upward movement. Additionally, the proposed GST reforms and a recent credit rating upgrade for India by major global agencies have provided a positive outlook for the market. The reforms are expected to simplify the tax structure, reduce compliance costs, and boost economic growth [2].

The rupee, however, fell 18 paise to close at 87.25 against the US dollar, influenced by a strong American currency and a recovery in crude oil prices [3]. Despite the slight depreciation in the rupee, the overall market sentiment remained positive, supported by robust domestic equities and improved risk appetite.

The Indian stock market's performance on August 21, 2025, highlights the resilience of the market amidst global uncertainties. The proposed GST reforms and the recent credit rating upgrade are expected to further boost investor confidence and drive market growth.

References:
[1] https://www.business-standard.com/markets/news/sebi-ease-1bn-sell-off-risk-hdfc-icici-bank-125081901333_1.html
[2] https://www.moneycontrol.com/news/business/markets/sensex-surges-400-pts-nifty-above-25-000-buying-in-ril-bank-stocks-among-key-factors-behind-market-rise-13474797.html
[3] https://www.thehindubusinessline.com/markets/share-market-nifty-sensex-highlights-21-august-2025/article69956063.ece