The Nifty 50 index continued to increase for the sixth consecutive day and it increased by 42 points to close at 24,167. It has now made a great recovery of 2,500 points from 21,743 to 7 April 2025. The Nifty Bank Index also created a new record high for the second consecutive day. Midcap and smallcap indices also accelerated. Nifty midcap 100 recorded 0.78% and Nifty Smallcap 100 gained 0.73%.
The market was strengthened by purchases in big banking shares like HDFC Bank, ICICI Bank and Kotak Mahindra Bank. The government imposed a 12% temporary security fee for 200 days on five types of steel products, which also supported metal shares. Hope to increase in rural demand due to being slightly better than monsoon forecast
FMCG stocks also rose strongly.
IndusInd Bank shares declined by 5%. It was told that the bank has appointed Ernst and Young (EY) to check the embezzlement of Rs 600 crore. However, the bank denied this, saying, “We did not choose EY for forensic audit.”
Signs from global markets
The US markets closed with impressive edge yesterday. The market has come here after the latest statements of the White House and Donald Trump’s U-Turn on Geom Powell. The White House said the trade agreement is moving fast. The deal is moving in the right direction. Agreements with Japan and India are almost in the final stages. At the same time, Trump separated himself from the statement of removing Powell and said that he had no intention of removing Powell from his post. Powell is expected to cut interest rates and the time has come now.
Meanwhile, US Treasury Secretary Scott Besant said the disputes with China are expected to be resolved soon. Negotiations with China have not started yet. However, the agreement with China is expected to be fully expected. The US says that the tariff dispute with China is not sustainable. After this, today the markets of China and Hong Kong are seeing a boom. Hong Kong’s Hangseng index was a top performing index with a gain of 1.8%. The Chinese markets are also above a quarter percent. Japan’s Nikkei index has increased by 1.5% and South Korea’s Kospi Index increased by 1%.
Boil in crude oil
Crude oil has started again and it has climbed about 2% in a day. Brent crude oil prices are above $ 68 per barrel and American WTI crude oil prices are above $ 64 per barrel. Due to the decrease in reserves in the US, this speed has returned in crude oil. The US has banned Iranian LNG. Morgan Stanley says it is possible to increase prices in short term. The second half of 2025 may see a fall in prices.
FII-DII data
The cash market again saw purchases from foreign institutional investors in the cash market yesterday. At the same time, the cash market was seen in cash market by domestic institutional investors yesterday.
Nifty’s outlook for today
Further trend in Rupak Dey, LKP Securities – Nifty looks positive. As long as the Nifty remains above 24,000, the trend will be positive. It estimates short -term boom and can go up to 24,500 levels. At the bottom, the index has support at the level of 24,000, which may be seen a slight decline after breaking.
Om Mehra, Samco Securities – The trend of the market is positive. However, some decline cannot be ruled out. The trust of a good rapid rapid rapid confidence of above 24,270 will increase and the index will see the fresh boom.
Today’s outlook on Nifty Bank
Mehra said on the Nifty Bank that the difference between the current level and 9 EMA is indicating possible changes in the direction in the short term. However, any such decline should be seen carefully as the big trend of Nifty Bank is still fast. He said that the next speed will be seen only after going above 56,300. Till then there is a need to be vigilant towards the Nifty Bank.
Which shares will be seen today?
HCL Tech: The quarterly profit decreased from Rs 4,591 crore to Rs 4,207 crore. Income increased from Rs 29,890 crore to Rs 30,246 crore. The company has given a dividend of Rs 18 per share.
Tata Communications: The company has announced its fourth quarter results. The profit has increased four times and income has also seen an increase. Apart from this, the company has also given a dividend of Rs 25 per share to its investors.
Havells India: The fourth quarter gains 16% compared to the previous year. At the same time, during this period, revenue has been seen by more than 20%. Ebita increased by 19% on a year-on-year basis. The results were better than CNBC TV18’s survey estimates. Along with the results, the company has also given the final dividend of Rs 6 per share to its investors.
The fourth quarter profits of AU SFB have seen a decline of nearly 5%. At the same time, net interest income has increased by more than 3%. Both these figures have been a little better in accordance with the market estimate. Along with its results, the bank has also announced dividends for investors.
Picture DLM Q4: The company’s profit increased by more than 36% in the March quarter. Also, income has increased by more than 18%. Ebita has seen an increase of 51% while the margin has increased from 10.5% to 13.4%.
Ashoka Buildcon: The company has received a contract of Rs 569 crore from Central Railway. This contract is to be completed in 913 days.
