Markets do not reward those who chase stories. They reward those who follow data backed signals.
Looking ahead, technical signals point toward the possibility of further extension in the Nifty 50 pullback rally, with immediate upside targets placed at 24,300 and 24,500. On the downside, the 23,650–23,600 zone is expected to act as a key support level, said Sudeep Shah of SBI Securities.
Darshan Engineer believes the froth will continue to get wrung out of the system. Investors should focus on balanced asset allocation, prioritizing downside protection, balance sheet strength and earnings resilience, he said.
If Nifty holds above key support and sentiment stabilizes, selective bullish trades make sense, especially in sectors directly hit by the conflict.
The Indian rupee extended its winning streak against the US dollar for the second consecutive week, appreciating by 37 paise to close at 92.73 on April 10, compared to 93.10 on April 2.
Within equities, Mirae Asset's Gaurav Misra would suggest a proper weight allocated towards the large cap.
Weekly options data also suggests that 24,500 is likely to act as the next key resistance for the Nifty 50, with support in the 24,000–23,800 range.
For the week, the BSE Sensex and Nifty gained nearly 6 percent each, marking their best weekly performance since February 2021, while also snapping a six-week losing streak.
Indian markets have seen zero returns in dollar terms over the past 4.5 years due to rupee depreciation, record foreign investor outflows, and high oil prices.
Markets ended the week on a strong note, with bulls firmly in control as the Nifty hovered near the 24,000 mark. Banking stocks led the rally, driving benchmark indices higher, while IT stocks remained under pressure following muted earnings from Tata Consultancy Services. Despite steady margins, TCS’s Q4 performance lacked growth momentum, weighing on the broader IT pack. On a weekly basis, the Nifty surged over 5.5%, reflecting strong investor sentiment. Meanwhile, mutual fund inflows remained robust, with equity funds seeing a one-year high as investors активно “bought the dip” in March. Global cues remain crucial, with Iran–United States talks in focus and oil prices staying elevated, keeping markets on edge.
Sensex, Nifty rebounded and posted their biggest weekly gain in over five years, snapping a six-week losing streak.
Markets remain volatile as Israel signals talks with Lebanon while tensions with Iran continue. Brent Crude cooled after touching $100, while Nifty 50 faces resistance near 24,000. Nasdaq Composite led gains in the US, while FIIs remained sellers. Here’s everything driving the market today.
Oil prices rose in early trading on Friday following attacks on Saudi energy infrastructure, and as markets evaluated the risk premium from the ongoing closure of the Strait of Hormuz, despite a fragile truce agreed between the U.S. and Iran.
Among sectors, Auto, Capital Goods, Consumer Durables, Realty, Power, FMCG, PSU Bank, Metal, PSU Bank, Private Bank added 1-2%, while IT index shed 1.7%. Nifty Midcap and Smallcap indices rose 1.5 percent each. Biggest Nifty gainers were Asian Paints, Eicher Motors, ICICI Bank, Bajaj Auto, Shriram Finance, while losers included Coal India, Sun Pharma, Infosys, TCS, Tech Mahindra.
The two-week ceasefire triggered a relief rally, which was expected. However, future market direction will hinge on actual de-escalation on the ground — sustained peace, not just a pause, said Nilesh Shah of Kotak Mahindra AMC.
Bank Nifty needs to defend the 54,600 (near Thursday’s low)–54,400 support range for stability, which could raise hopes for a move toward 55,800–56,200. However, a fall below this support may open the door to 54,000–53,500 levels, experts said.
The market is expected to remain in a consolidative, range-bound phase until the US, Iran, and Israel fully comply with a formal agreement.
The weekly options data suggests that the Nifty 50 is likely to trade within the 23,500–24,000 range in the short term.
More than 100 stocks touched their 52-week high on the BSE, including Ather Energy, Hitachi Energy, Honasa Consumer, Anand Rathi, Vardhman Textiles, ABB India, among others.
Indian markets ended the session on a weak note, with the Nifty 50 falling 1% as selling pressure intensified through the day. The index failed to sustain higher levels and gradually moved lower, reflecting cautious investor sentiment. The decline was in line with **global markets**, which traded lower amid renewed geopolitical concerns. This risk-off environment kept investors cautious and prevented any strong recovery in domestic equities. A key negative trigger was the sharp rise in crude oil prices, with **Brent crude nearing $98 per barrel**. Higher oil prices are typically unfavorable for India, as they increase inflation risks and can put pressure on corporate earnings.
Sensex, Nifty pulled back after a sharp rally in the previous session, as renewed Mideast tensions clouded ceasefire optimism.
Foreign Institutional Investors (FIIs) continued their selling on April 8, albeit at a slower pace, offloading equities worth ₹2,811 crore, while Domestic Institutional Investors (DIIs) remained net buyers, purchasing equities worth nearly ₹4,168 crore.
On the sectoral front, oil & gas, PSU Bank, Infra, Consumer Durables, and Private Bank shed between 0.4-2%, while metal, power, pharma added 0.5-1%. L&T, Interglobe Aviation, HDFC Bank, Shriram Finance, Jio Financial are among biggest losers on the Nifty, while gainers included Dr Reddy's Labs, Hindalco, Bajaj Auto, Bharat Electronics, ONGC. Nifty Midcap and Smallcap ended on a flat note.
According to Samvitti Capital's Prabhakar Kudva, Q4FY26 and Q1FY27 may see a marginal impact on account of higher crude prices in March and April, particularly for crude-sensitive sectors, but things should largely normalise by Q2.
The Nifty 50 needs a decisive close above the psychological 24,000 zone for a move toward the 24,300–24,500 levels. However, the 23,900–23,800 range is expected to be immediate key support.