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IndusInd’s ₹1,979 Cr Jolt & Oil India’s Big Land Grab

IndusInd’s ₹1,979 Cr Jolt & Oil India’s Big Land Grab

Welcome to Markets Daily by Bajaj Broking, your go-to source for crisp and comprehensive market insights. Whether you're a trader, investor, or just market-curious, we’ve got everything you need to stay ahead of the curve. Don’t forget to check out our Morning Podcast for more updates! 

Also Read:  Stock Market Live Updates

From Denials to Recalls: Pharma Stocks in the Spotlight

Global Market Overview

Global markets adopted a cautious tone as the S&P 500 and Dow Jones slipped, driven by renewed concerns over trade tensions. A major factor was Nvidia’s warning of a potential revenue hit due to U.S. export restrictions to China.

The Trump administration has also turned its focus towards the pharmaceutical and semiconductor sectors, launching new investigations that added to market jitters.

On the bright side, U.S. banks posted resilient Q1 earnings, and investors now await key economic data releases for further direction.

  • Gold saw gains on safe-haven demand.

  • Crude oil prices slipped slightly.

  • Asian markets opened lower as investors await China’s GDP and key economic data.

Also Read: HAL Denies Selecting PwC for R&D Benchmarking Amid Ongoing Bids

INDUSIND BANK LIMITED

Trade

794.76.45 (0.81 %)

Updated - 17 April 2025
801.00day high
DAY HIGH
777.30day low
DAY LOW
13986710
VOLUME (BSE)

Indian Market Snapshot

Back home, the Indian markets rebounded sharply in the last session.

  • Boosted by optimism over tariff exemptions

  • Driven by broad-based buying

  • Nifty formed a bullish structure and is likely to test resistance at 23,560, with support at 23,207

  • FIIs turned net buyers while DIIs booked profits

Despite global uncertainties, the short-term bias remains positive, though volatility could spike amid evolving trade developments and Q4 earnings updates.

Also Read: Aurobindo Pharma Gets USFDA Nod for Generic Xarelto 2.5mg Tablets

Key Market Developments

1️⃣ Indusind Bank Audit Impact

An external audit revealed a ₹1,979 crore discrepancy due to derivative misstatements, slashing the bank’s net worth by 2.27%. The impact will be reflected in FY25 results.

2️⃣ Oil India Expansion

Oil India secured 9 new blocks under OALP Round-IX, increasing its exploration area by 85% to 1.10 lakh sq km.

3️⃣ FII-DII Activity (April 15)

  • FIIs: Net buyers at ₹6,065.78 crore

  • DIIs: Sold equities worth ₹1,951.60 crore

Also Read: Dr Reddy’s Denies Workforce Reduction Claims Amid Cost-Cut Rumours

Indian Markets Today

Gift Nifty Outlook:

Expected to open marginally lower amid global profit-booking trends.

Nifty Intraday Range:

Likely to consolidate between 23,100 and 23,500

Recap: Previous Session Highlights

Markets started the holiday-shortened week on a strong note, climbing over 2% on the back of upbeat global cues and risk-on sentiment.

  • India's VIX dropped by 20%, signaling reduced volatility.

  • Optimism was fueled by Trump’s tariff exemptions on smartphones and computers.

  • Sensex closed at 76,734.89 (+1,577 pts | +2.1%)

  • Nifty closed at 23,328.55 (+500 pts | +2.19%)

All sectoral indices ended in the green.
Realty and Auto led the gains.
Midcap and Smallcap outperformed benchmarks, gaining over 3%

Nifty Technical Outlook (Short-Term)

  • A hammer candle with a bullish gap signals a continuation of the uptrend.

  • The positive bias remains above the 22,923–23,207 gap area

  • Likely to test 23,560 in the near term.

  • A break below 23,207 may lead to some consolidation towards 22,700

Intraday Levels:

  • Resistance: 23,370 & 23,480

  • Support: 23,210 & 23,100

Bank Nifty Levels:

  • Resistance: 52,580 & 52,850

  • Support: 52,060 & 51,800

Global & Asian Market Highlights

Wall Street ended Tuesday in the red:

  • Concerns over tariffs and trade probes

  • Healthcare & consumer sectors faced the brunt

  • Tech underperformed after Nvidia’s export warning

  • Q1 earnings showed corporate resilience

  • Markets await Fed Chair Powell’s speech and economic data

Asia-Pacific markets opened weaker:

  • Eyes on China’s Q1 GDP, industrial production, and retail sales

  • Japan’s Nikkei remained flat

  • South Korea’s Kospi fell 0.2%, and Kosdaq dropped 0.18%

Also Read: Biocon Gets USFDA Approval for Jobevne, Expands Oncology Portfolio

We’ve got detailed data, trends, and expert commentary to help you make better decisions in a fast-moving market. Stay informed, stay empowered! Don’t forget to subscribe to our podcast.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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