The Indian stock markets closed on Tuesday (April 22) in a consecutive sixth consecutive trading session amid signs of weakness from global markets. The market supported the increase in private bank shares like FMCG and HDFC Bank, ITC and Hindustan Unilever. Thirty -share BSE Sensex today opened at 79,728.39 points. As soon as it open, it saw ups and downs. During the trading, it touched a minimum of 79,253.44 points and the highest level of 79,824 points. Finally, the Sensex rose 187.09 points or 0.24% to close at 79,595.59. The Nifty-50 of the National Stock Exchange (NSE) also opened at 24,185.40 with a slight increase today. It slipped up to 24,072 points during trading. Finally the Nifty rose 41.70 points or 0.17% to close at 24,167.25.
Top beneficiary
The shares of 14 of the 30 Sensex companies closed in the green mark. FMCG stocks ITC and Hindustan Unilever made the highest profit. The shares of Mahindra & Mahindra, HDFC Bank, Eternal, SBI, Kotak Bank, Sun Pharma were the biggest growth.
Top losers
On the other hand, IndusInd Bank shares closed down over 4%. Deagal shares included Power Grid, Bharti Airtel, Infosys, Bajaj Finserv, NTPC, Adani Ports and Tata Steel.
Decline in US markets
On Wall Street, Dow Jones Industrial Average fell 2.48 percent to close at 38,170.41. S&P 500 fell 2.36 percent to close at 5,158.20. Nasdaq composite fell 2.55 percent to close at 15,870.90. However, Dow Jones futures were 0.33 percent ahead, while S&P 500 futures and Nasdaq 100 futures increased by about 0.4 percent.
Nifty’s outlook
Ajit Mishra, Senior Vice President (Research), Railways Broking Limited, said, “The Nifty has finally overcome the major barrier of 23,800 after two months of comprehensive consolidation, which initially indicates a possible rise towards 24,250 and then 24,600. , While a recent rapidly accepted the possibility of an intermediate stagnation or consolidation. Investors should make their positions accordingly and avoid adopting the opposite stance. “
In addition, brokerage firm Nomura has increased its earlier target for December 2025 from 23,784 to March 2026 to 24,970 for the Nifty for March 2026. Brokerage hopes that the Nifty will turn trading at 19.5 times its estimated earnings of Rs 1,280 for FY 27, which was earlier 18.5 times.
