Closing Bell | Sensex Ends 769 Points Higher, Nifty Above 24,850; Eternal, PowerGrid, ITC, Bajaj Finserv Among Top Gainers

Sensex Today| Dilip Parmar – Senior Research Analyst, HDFC Securities. 

The rupee experienced its most significant single-day gain since November 11, 2022. This upward movement was primarily fueled by a weaker U.S. dollar and a strong performance in the domestic equity market. Additionally, the central bank's efforts to encourage foreign investment in corporate bonds, providing short-duration liquidity, further bolstered the rupee's appreciation. Looking ahead, the spot USDINR is expected to find support at 84.94 and face resistance at 86.15.

Sensex Today| Vinod Nair, Head of Research, Geojit Investments

The domestic market has recouped nearly half of the week’s losses, supported by gains in FMCG and IT stocks. FMCG benefitted from the early and above-normal monsoon forecast, while IT stocks saw a rebound following a healthy correction. Optimism around a potentially record-high dividend from the RBI is boosting hopes for fiscal consolidation, reflected in falling Indian bond yields. Investor attention is further revolving around US-India trade talks and strong domestic macroeconomic indicators. However, recent FII outflows, driven by rising US bond yields amid concerns over mounting US debt, may weigh on the market sentiment.

Sensex Today|  Prasanna Pathak, Managing Partner, The Wealth Company

The temporary easing of US-China tariffs has given a much needed breather to global markets, driving broad-based gains across sectors from metals to technology. This development is particularly beneficial for industries most exposed to trade tensions. However, while near-term sentiment has improved, investors should maintain a measured perspective. Persistent inflationary pressures, uncertain rate trajectories, and the need for earnings validation remain key considerations. In this environment, we advocate a balanced approach: selectively participating in cyclical opportunities while maintaining allocations to high-quality defensive positions. Market optimism should be met with disciplined investing—short-term rallies notwithstanding, sustainable wealth creation remains a long-term endeavour.

Sensex Today| Rupak De, Senior Technical Analyst at LKP Securities

The index has moved higher after finding support at the 21-day EMA. Broadly speaking, the Nifty appears to be consolidating within the range of 24,700–25,000. The short-term trend remains positive, with momentum likely to strengthen above 25,000. A decisive breakout above this level could give the bulls an upper hand and potentially trigger a rally towards 25,250–25,350. On the downside, the index has support at 24,700; a break below this level could attract bearish bets.

Sensex Today| Ajit Mishra – SVP, Research, Religare Broking

Markets witnessed some respite on the final trading day of the week, gaining nearly a percent amid mixed cues. After a flat start, the Nifty saw a noticeable surge during the early hours of trade, followed by a range-bound move till the close. It eventually settled at 24,853, up by 0.99%.All key sectors, except pharma, contributed to the up move, with FMCG, financials, and IT emerging as the top gainers. The broader indices also advanced, gaining over half a percent each.

The rebound reflects positive sentiment despite mixed global cues, as participants are using dips to accumulate quality stocks across sectors. Technically, the recovery after retesting the crucial short-term support level — the 20-day exponential moving average (20 DEMA) — has eased some pressure. The outlook could improve further with renewed strength in the banking and financial sectors after their consolidation phase. We maintain our view of adopting a “buy on dips” strategy, with a focus on selective stock picking, unless the Nifty decisively breaks below the 24,500 mark.

Sensex Today| Shrikant Chouhan, Head Equity Research, Kotak Securities:

The Nifty-50 Index and Sensex each lost around 0.75% each in the past week. While midcap (-0.45%) and small cap (+1%) index outperformed during the same period. Global equities remained mix on expectations of a steady ramp-down of US tariffs. Moody’s downgrade of the US credit outlook and renewed fiscal concerns in major economies, coupled with mixed economic cues from China, kept the markets on edge.

Sector-wise, most indices ended in red with Consumer Durable (-1.9%), IT (-0.9%), Auto (-1.7%), FMCG (-0.8%), Oil and gas (-0.6%) and Power (-0.2%) sectors as major sectoral losers. While sectors including Capital goods (+0.5%), Real Estate (+2.4%) and Metal (+0.6%) reported gains for the week. Bank Nifty ended flat. Within the Nifty, BEL (+5.9%), HDFC Life (+3.9%) and Tata Steel (+3.4)  gained the most, while Grasim (-4.6%), M&M (-3.9%) and Maruti Suzuki (-3.9%) lost the most. The Q4FY25 earnings season remains uninspiring, with aggregate earnings growth of the Nifty-50 Index at 5.8% yoy till now. Both DIIs and FIIs were net buyers during the week.

In International, the 30-year Treasury bond yield touched a high of 5.161%, its highest level since October 2023. The rate on the 10-year Treasury note at one point breached 4.6%. UK retail sales jump by 1.2% in April — beating expectations. Japan’s core inflation climbs to 3.5%, highest in more than 2 years.

Experts believe a mix of global and domestic factors have triggered the sharp reversal in the FII sentiment, and one of them is a steep rise in bond yields globally, particularly in the United States and Japan. ...Read More

Closing Bell | Sensex Ends 769 Points Higher, Nifty Above 24,850; Eternal, PowerGrid, ITC, Bajaj Finserv Among Top Gainers

Equity benchmarks closed sharply higher, with the Sensex rising 769 points and the Nifty settling above the 24,850 mark. Eternal, PowerGrid, ITC, Bajaj Finserv were among the top gainers.

Among sectoral indices, Nifty FMCG led the rally with a 1.6 percent gain, followed by Nifty Private Bank and Nifty IT, which rose 1 percent each. Nifty Bank added 0.8 percent, while Nifty Metal and Nifty PSU Bank advanced 0.7 percent and 0.5 percent respectively. On the flip side, Nifty Pharma was the only notable laggard, slipping 0.4 percent.

Currency Check| Indian rupee extends gains to 1%; trades at 85.17 a dollar

Earnings Update | Ashok Leyland Q4 results announced

Ashok Leyland Q4

#1 Net Profit At Rs 1,246 Crore

#2 Revenue At Rs 11,906.7 Crore

#3 EBITDA At Rs 1,791 Crore

#4 EBITDA Margin At 15%

Stock Market LIVE Update

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Earnings Update | AIA Engineering releases Q4 results

#1 Net Income at Rs 2.85 billion (9.2% higher, YoY)

#2 Revenue at Rs 11.6 billion (0.9% higher YoY)

#3 Total costs at Rs 8.91 billion (0.8% higher YoY)

#4 Other Income Rs 922 million (21% higher YoY)

#5 Dividend per share at Rs 16

Analyst Recommendations: 4 buys, 5 holds, 4 sells

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Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal on gold prices

"Gold prices slipped, posting their first daily loss in three sessions, as a stronger U.S. dollar, updates on President trump’s tax bill and investor profit-taking weighed on the metal. Earlier in the day, gold had touched a two-week high, but gains quickly faded as the dollar index rose 0.3%, against major crosses. Surge in dollar followed the narrow passage of President Donald Trump’s sweeping tax bill through the U.S. House of Representatives, a move that reignited concerns over the country’s ballooning fiscal deficit."

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