Nifty is a market index that was introduced by the National Stock Exchange in April 1996. It’s a blend of two words-National Stock Exchange (NSE) and Fifty. It is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.It is one of the two main stock indices used in India, the other being the BSE SENSEX. The base value of the index has been set at 1000 and the base capital of Rs 2.06 trillion. It was initially calculated on a full market capitalization methodology but in 2009 the computation was changed to a free float methodology. The base period for the NIFTY 50 index is November 3 1995, which marked the completion of one year of operations of the National Stock Exchange Equity Market Segment. Nifty 50 index has shaped up to be the largest consisting of exchange-traded funds (onshore and offshore) and exchange-traded options at NSE. It is the world’s most actively traded contract. As of April 2021, the index covers 13 sectors of the Indian Economy and offers investment managers exposure to the Indian market in one portfolio. It also has sectoral indices like NIFTY Bank, NIFTY IT, NIFTY Auto, NIFTY Pharma etc. More
Reclaiming the medium and long-term moving averages meaningfully would require a sustained close above 57,000 for the Bank Nifty, said Rahul Ghose of Octanom Tech and Hedged.
Outlook - RBI's FY27 GDP growth estimates at 6.9% - carries downside risks should the West Asia conflict remain unresolved, as prolonged tensions could disrupt supply chains and adversely impact capital flows, said LIC MF's Dikshit Mittal.
If the Nifty 50 rebounds, it may face immediate resistance at 24,000–24,200. Above this, 24,400–24,500 are the levels to watch. However, 23,700–23,500 is the key support zone.
If the Nifty 50 bounces back, the 24,000–24,100 zone is expected to act as a crucial hurdle for an upmove towards 24,200–24,300. On the downside, support is placed at 23,500, according to experts.
Investor sentiment improved after indications that the US and Iran may continue negotiations.
Trading in equities, equity derivatives, securities lending and borrowing (SLBs), currency derivatives, and interest rate derivatives will remain shut for the day on both the BSE and the NSE.
If the oil prices remain high and/or supplies remain disrupted then chances of inflation remain high and both the central banks - US Federal Reserve and RBI will be biased towards rate hikes, said Vikas Gupta of Omniscience.
Nifty opened sharply lower but recovered gradually on buying in heavyweight shares across sectors.
The weekly options data indicates that the Nifty 50 is expected to remain in a broad range of 23,500–24,500 in the short term.
More than 120 stocks touched their 52-week high on the BSE, including Ather Energy, Welspun Corp, Zydus Wellness, MCX India, Adani Power, Sona BLW, Adani Energy, SAIL, Hitachi Energy, Honasa Consumer, among others.
Buying emerges at lower levels as markets recover from early losses amid caution over West Asia tensions and elevated crude prices, with midcaps outperforming even as rupee weakens and Nifty holds below key levels 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.
Sensex, Nifty declined as oil surged above $100 a barrel after U.S.-Iran peace talks failed to yield a deal.
Global markets kick off the week on a cautious note as uncertainty around the Middle East intensifies. US markets ended mixed, with the Dow Jones Industrial Average slipping 0.6%, while the Nasdaq Composite edged higher and the S&P 500 closed largely flat. However, US futures are sharply lower, indicating weak sentiment ahead. Tensions between the United States and Iran have escalated after nuclear talks failed, with Washington pushing for commitments while Tehran demands ceasefire terms, reparations, and control over the Strait of Hormuz. The situation has further intensified with signals of a possible naval blockade and continued Israeli strikes in Lebanon. Markets are reacting strongly—oil prices have surged 7–8%, crossing $100 per barrel again, while safe-haven demand shows mixed trends as gold slips and silver declines sharply. Meanwhile, US bond yields have climbed, with the 10-year yield nearing 4.35%, adding to global risk-off sentiment. Asian markets are trading lower in response, and early indicators suggest pressure on Indian equities as well. Despite Friday’s strong close—where the Nifty hit a one-month high of 24,051 and volatility cooled with a sharp drop in India VIX—GIFT Nifty is pointing toward a gap-down start for the week.
From a global perspective, India appears less attractive to global investors due to the lack of pure AI-driven plays and the country’s positioning as a dividend and buyback way of creating value in IT companies, said Samco's Umeshkumar Mehta.
Oil prices jumped above $100 a barrel on Monday and gold tumbled on mounting inflation concerns, after US-Iran peace talks ended without resolution.
Among sectors, except power, defence, telecom, all other sectors ended in the red with FMCG, auto, IT, energy, oil & gas down 1% each. Nifty Midcap and Smallcap indices shed 0.5% each. HDFC Life, Adani Enterprises, ICICI Bank, NTPC, Tata Motors Passenger Vehicles were among top gainers on the Nifty, while losers included Maruti Suzuki, Eicher Motors, Reliance Industries, Bajaj Finance, Interglobe Aviation.
Sustainability above 24,000 is crucial for the Nifty 50 to move toward the 24,300–24,400 levels in the upcoming sessions. However, failure to hold above this level could lead to some consolidation, with immediate support at 23,800.
The technical setup strengthened further, with a bullish crossover in momentum indicators and the index sustaining above short-term moving averages. The sustainability above 24,000 is key to watch in the short term.
In the coming truncated week starting April 13, the sustainability of this uptrend will be key to watch. Overall, the market is expected to remain volatile and range-bound, with a positive bias next week.
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.