Sensex, Nifty Recover, BSE 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 saw gains, while TCS and Tech Mahindra fell. Sectoral indices saw BSE Metal, Commodities, and Healthcare rise, while BSE Telecommunication and IT indices lost.
Sectors and stocks
Global markets grew after weaker US business activity data, boosting expectations of a Federal Reserve rate cut. Analysts are now focusing on upcoming US economic data for further insights. Large-cap volatility is expected to persist due to uncertainty during earnings season, while small-cap and mid-cap rallies indicate investor confidence and positive short-term market outlook.
April 26 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 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.
Markets rebounded after a surge, with the Nifty settling at 22,402. Sectoral trends showed mixed gains, with metal, realty, and pharma posting gains. Broader indices gained between 0.4%-0.8%. Further consolidation may occur within the 22,300-22,500 Nifty zone, but volatility may remain due to April derivatives contracts expiry.
| FII Sold | -3,044.54 Cr |
| DII Bought | 2,918.94 Cr |
Indian Market Stocks
| Sensex | 486.50 | +0.66% | 74,339.44 |
| Nifty 50 | 167.95 | +0.75% | 22,570.35 |
| Nifty Bank | 305.95 | +0.63% | 48,494.95 |
Market Movers
| Axis Bank | 63.75 6.00% | Kotak Mahindra | -200.35 -10.87% |
| SBI | 39.60 5.12% | LTIMindtree | -92.10 -1.95% |
| Dr Reddys Labs | 267.95 4.50% | HUL | -29.40 -1.30% |
| JSW Steel | 23.10 2.62% | SBI Life Insura | -15.60 -1.07% |
| Nestle | 62.50 2.50% | Titan Company | -38.65 -1.07% |
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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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