2 weeks Ago
Stock Market Live Updates: Indian stock market is expected to witness a gap-up opening on Friday, April 25th, as Gift Nifty performed at 24,529, higher by 156 points in the early deals. Companies like Reliance Industries, Maruti Suzuki, Hindustan Zinc, RBL Bank, Shriram Finance, Tata Tech, Tejas Network, and VST will be in focus for its upcoming Q4 results which are scheduled for April 25th. In the previous session, Indian market halted their 7-days winning streak with Sensex ending at 79,801.
43, down by 315.06 points or 0.39%.
While Nifty 50 finished at 82.25 points or 0.34% to 24,246.
70. As per Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services, Indian equities took a breather after a 7-day rally, with Nifty50 ending 82 points lower at 24,247(-0.3%); as investor sentiments turned cautious amid mixed global cues.
Profit booking was seen in some of the index heavyweights, which contributed to the decline in the benchmark indices. Both Nifty Midcap100 and Smallcap100 managed to end on a flat note. Among the sectoral indices, Realty and FMCG were among the top laggards, shedding over 1% each.
FMCG stocks declined following weaker-than-expected margin guidance from HUL, though the Q4 numbers were largely in line for the FMCG companies that have declared results so far. On the other hand, Nifty Pharma was up 1%; while Healthcare and Metal indices closed marginally higher. FII buying continued for the sixth consecutive day with inflows of ~Rs3,300 crores on Wednesday, supporting the market sentiment.
Stock Market Live Updates: Stock To Buy Nifty ended its 7-day winning streak in a muted session, dragged by profit booking amid rising border tensions with Pakistan and overbought technical conditions. Key support lies at 24052 (200-DMA), while resistance is seen at 24359 and 24858. Positives include easing inflation per RBI MPC minutes, value buying by FIIs, reduced Fed concerns, and India’s potential gain from US-China trade tensions.
Q4FY25 results from Maruti, Tata Tech, Axis Bank, and Tech Mahindra are in focus—Tech Mahindra’s net profit rose 77%, while Axis beat estimates despite a slight dip. Hindustan Unilever and Syngene declined post weak earnings; Bharti Airtel dropped on spectrum relief issues. Trading ideas: Nifty bullish above 23707 with targets up to 25300; Bank Nifty buy zone at 54700-54900.
Stock to watch: Buy Jubilant Foods (CMP 717) for targets up to 797 on breakout strength: Prashanth Tapse, Senior VP (Research), Mehta Equities. Stock Market Live Updates: What Will Drive Market Today? After a rally of 12% in the last 10 trading sessions, Indian market is expected to consolidate with a positive bias. Global market cues and Q4 corporate earnings would be the key drivers for the market.
Key results to watch out on Friday include those from heavyweights like Reliance, Maruti, Hindustan Zinc, Shriram Finance, Cholamandalam Inv amongst others: Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services..
