Stock Market News: A temporary stop in tariffs by the US, the return of foreign investors in the domestic market, and during the upcoming southwest monsoon season, and the Equity Benchmark Sensmarks Sensmarks and Nifty increased by more than 6 percent to more than 6 percent in the last four trading sessions. Additionally, a decline in retail inflation to the lowest level in about six years has increased the expectations for the third -probable interest rate cut by the Reserve Bank of India (RBI), as noted by market analysts.
In the last four trading days, the BSE benchmark index increased by 4,706.05 points or 6.37 percent, while the Nifty 50 obtained 1,452.5 points, which was equal to the growth of 6.48 percent.
As a result, the total funds of investors increased 25.77 lakh crores, bringing it 4,19,60,046.14 crore (USD 4.90 trillion) in the last four days.
The stock markets were closed on Friday, 18 April to follow ‘Good Friday’.
According to Vishnu Kant Upadhyay, AVP – Research and Advisory at Master Capital Services, recently the recent bounce in Indian equity has been affected by a mixture of better assessment after last improvement, a relief rally inspired by US tariff poses, and a monetary policy of RBI.
However, the durability of this upward trend will depend considerably on the upcoming Q4 income season. In the next week, several major corporations are expected to announce their quarter and full year financial year 25. These results will be important in determining the market direction, as investors and market participants will closely examine corporate performance and further guidance. If the earnings decrease with expectations, it can negatively affect the spirit of the current market and reversed recent benefits.
Market approach by Dharmesh Shah, Vice President, ICICI Securities
One. On the required lines, the Equity Benchmark performed relatively better after the Equity Benchmark after temporary tariff relief after the US market (which is 1.5% as Wednesday). The Nifty followed one through strength for the fast recovery of the previous week and retained 23800 points. As a result, 23,852 for the week for the week increased by 4.4%. Sectorley, all major index finished green under the leadership of Financial, Defense, Infra. Weekly value action formed a bull candle, taking positive gaps below it, which reflects the acceleration of the top speed.
B. Moving forward, we repeat our positive attitude and expect Nifty 50 towards 24,200 in the coming weeks. The main point to highlight is that the current recovery in the Nifty 50 is supported by a fast pace of retracement as a decline of the previous nine sessions (23,869–21,744), withdrawing in just six sessions. In addition, Bank Nifty which takes 37% weightage in Nifty 50, has lagged the six-month corrective phase (54,467–47,703) behind in just two months. The fast pace of retracement reflects structural changes that are well chopped for the continuity of moving towards 56,000 in the coming months.
C. However, one should note that, both Nifty 50 and Bank Nifty have seen a faster recovery of 10% and 11% respectively in the last two weeks, which has seen the daily stochastic oscillator (placed on 98) in the overbott area, indicating the possibility of temporary breath at a higher level. However, this type of breath should not be considered negative. Instead, capital it to deposit quality shares between the current earning season. Therefore, buying on dips will be a prudent strategy to focus on domestic subjects rather than global one.
D. Current up speed is supported by significant improvement in improvement in width indicator along with speed. On the speed indicator front, the monthly stochastic decreased by 11 (the lowest since 2002) from February, while on the width front, the percentage of shares above 50 and 200 days has jumped up to 70% and 30% after the peak (at 7%) in the last month. The area’s participation for stability on the ongoing rally is well.
E. The formation of high peaks and trough reflects the continuity of upward speed that modifies the support base at 23300 for Nifty 50, while it is placed at 52,300 for bank Nifty.
F. On the Global Macro Front, the two -year range in the US dollar index increased well for pullbacks in markets emerging with a cool off in the price of brant crude oil.
Stock to buy this week – Dharmesh Shah
Dharmesh Shah of ICICI Securities recommends UltraTech Cement Limited and Hindustan Aeronautics Limited (HAL).
- Buy UltraTech Cement in the range of 11,400-11,890 for the target of 12,965 with a stop loss 10,778.
2) Buy halls in the range of 2) 4,140-4,240 for the target of 4,698 with a stop loss 3,914.
Disclaimer: Research analysts or their relatives or I-SECs at the end of 17/04/2025, do not have the real/beneficial ownership of 1% or more securities of the subject company or they have no other financial interest and have no material.
The ideas and recommendations provided in this analysis belong to individual analysts or broking companies, not mints. We recommend investors to consult certified experts before making any investment decisions, as market conditions may change rapidly and individual conditions may be different.
