BAJAJ BROKING
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
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
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
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
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
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%
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
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.
For All Disclaimers Click Here: https://www.bajajbroking.in/disclaimer
Share this article:
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading