Nifty last close: 22570.35 (+0.75%)
The Indian market made a smart recovery from the day’s low to extend the winning streak to a fifth straight session on April 25
Nifty was seen huge volatility on April series expiry day
Finally, Nifty was up 167.90 points, or 0.75 percent, at 22,570.30
Sensex was up 486.50 points, or 0.66 percent, at 74,339.44
Biggest Nifty gainers were Axis Bank, SBI, Dr Reddy’s Labs, JSW Steel and Nestle India
while losers included Kotak Mahindra Bank, LTIMindtree, HUL, SBI Life Insurance
Among sectors, except realty, all indices ended in the green
PSU Bank index rising nearly 4 percent to hit a record high of 7,421.20
midcap and the smallcap indices gained 0.5 percent each
IT services major Tech Mahindra reported a 40.9 percent fall in net profit to Rs 661 crores year-on-year
Bajaj Finance has reported net profit at Rs 3,825 crore for March FY24 quarter, growing 21% over corresponding period of last fiscal
Foreign institutional investors (FIIs) net sold Rs 2,823.33 crore shares
while domestic institutional investors (DIIs) pumped in Rs 6,167.56 crore on April 25
US markets ended sharply lower on April 25
US economic growth slows in first quarter
Gross domestic product increased at a 1.6% expected of 2.3%
Dow lost 0.98%, Nasdaq declined 0.65% and S&P500 declined 0.46%
US VIX fell 4% to 15.37
Alphabet hits record high on strong Q1 earnings
Microsoft surges nearly 5% on beat earnings report
Meta recovered slightly from day’s low
Intel slides 8% after weak earnings report
US 10-year yield hits highest level in over 5 months at 4.7%
Gold prices sustains around $2330/oz
Grude sustains around $90/bbl
Asian markets were set to higher note
Nikkei up 0.4% and Hangseng up 1.7%
GiftNifty indicates a positive opening for the index
Nifty is facing a intraday resistance 22630 and 22660
If stays above 22660 will try to move 22730
On other side, Nifty considering a supports 22540 and 22500
Below 22500 finding a next support around 22440
Updated: 08.54 am / 26th April 2024
