Sensex Metal, Commodities, and Healthcare indices saw significant gains, while BSE Telecommunication, IT, and Teck indices experienced losses.
India’s Sensex and Nifty indices flattened after morning gains, while midcap and smallcap indices continued to rise. Sensex closed up 0.2%, Nifty 0.15%), midcap index rose 0.92%, and smallcap index 0.8%.
JSW Steel, Tata Steel, and Power Grid increased by 4%, while TCS, Tech Mahindra, and Maruti Suzuki India experienced losses.
Sectors and stocks
BSE Metal, Commodities, and Healthcare indices saw significant gains, while BSE Telecommunication, IT, and Teck indices experienced losses.
US business activity slowed in April, leading to the first employment decline since 2020 and a contraction in output. Analysts are now focusing on upcoming economic data for monetary policy insights. Large-cap volatility is expected to persist due to earnings season uncertainty.
April 25 Forecast
Indian markets lag Asian peers in Q4 earnings, with weak IT results and index heavyweights disappointing. However, strong manufacturing and service sectors boost PMI, reflecting domestic resilience.
The benchmark indices showed range-bound activity today, with the Nifty and Sensex rising 34 points and 114 points respectively. The Metal index outperformed, rallying over 2.5 percent, while the IT index shed nearly 1 percent. The market’s short-term texture remains positive, with level-based trading being the ideal strategy for day traders.
The Nifty closed sideways, slightly up, with positive short-term sentiment. The RSI crossover supports this. Resistance is 22,500, with a move above 22,500 potentially bringing the index to 22,750-22,800.
| FII Sold | -2,511.74 Cr |
| DII Bought | 3,809.90Â Cr |
Indian Market Stocks
| Sensex | 114.49 | +0.16% | 73852.94 |
| Nifty 50 | 34.40 | +0.15% | 22402.40 |
| Nifty Bank | 45.55 | +0.46% | 47,970.45 |
Market Movers
| Hindalco | 24.30 3.97% | TATA Cons. Prod | -63.20 -5.39% |
| Cipla | 51.50 3.82% | Grasim | -32.40 -1.37% |
| JSW Steel | 31.35 3.68% | Tech Mahindra | -14.55 -1.21% |
| Tata Steel | 4.40 2.73% | HDFC Life | -6.95 -1.16% |
| Power Grid Corp | 5.05 1.77% | TCS | -6.75 -1.09% |
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Sensex Sensex Sensex
Sensex After four weeks of increases, Sensex and Nifty fell 2% for the first time After four weeks of increases, Sensex and Nifty fell 2% for the first time
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
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