The reference rates extended their winning streak for the fifth consecutive session on Monday, with the Sensex closing 855.30 points or 1.09 percent higher than 79,408.50, and the NIFTY 50 increased 273,90 points or 1.15 percent to the end of 24,125.55. The demonstration was fed by strong quarterly profits of key sector of the private sector and renewed foreign institutional purchases.
Tech Mahindra emerged as the main winner in the NSE, increasing 5.14 percent to close to ₹ 1,374. Other important winners included Trent (4.32 percent), Indusind Bank (4.06 percent), Electric Red (3.56 percent) and Hero Motocorp (3.49 percent). On the losing side, Adani ports decreased 1.27 percent, followed by HDFC (-1.12 percent), ITC (-1.01 percent), Hindustan Unilever (-0.97 percent) and Asian paintings (-0.94 percent).
The broader market significantly exceeded the headlines, with the Nifty Midcap 100 increasing 2.50 percent to 53,974.45 and the Nifty Smallcap 100 won 2.21 percent. The amplitude of the market was too positive, with 2,918 actions that advanced against 1,168 decreases in the EEB, while 161 remained unchanged. A total of 115 shares reached 52 weeks, compared to 48 minimum of 52 weeks.
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The sectorial performance was widely positive, with banking and financial actions leading the position. Nifty Bank increased 1.87 percent to 55,304.50, reaching a higher record, while Nifty Financial Services won 1.39 percent. Nifty rose 2.5 percent, led by Tech Mahindra and HCl Tech. Only the FMCG sector closed in the red, dragged down by the losses in ITC and Hindustan Unilever.
“Bank Nifty reached record records after earnings. Along with this, the US dollar has weakened Trump to Trump in the Fed and the president of the United States Powell to reduce rates, probably forging their influence.” Noted Safe Chandra Aluri of the Lemonn Markets desktop.
Indian rupee continued its upward impulse during the fifth consecutive day, appreciating for 24 lands against the US dollar to close at 85.13, its strongest level since December 2023.
“The Indian rupee began the week with an upward impulse, marking its fifth consecutive day of profits. This positive trend was fed by great global coins of the US dollar,” said Dilip Parmar, Senior Senior of HDFC Security investigation.
Jateen Trivedi, a research analyst Vice President of LKP Securities, added: “The rupee quoted very strongly with profits from 0.30Rs to 85.05, backed by a continuous weakness in the dollar, which fell to 98.00, and prove the prices that slide under the currency.”
In the basic products market, gold prices continued their record rally. “Gold prices extended their record record rally when the new week began with a strong early purchase. Comex Gold approached the $ 3,400 brand, quoting about $ 3,395, while McX Gold increased to ₹ 96.75, registering.
From a technical perspective, analysts remain optimistic about the short -term perspective of the market. “The NIFTY has given a clean breakdown above the previous swing at the top of the daily as optimism between investors increases.
Shrikant Chouhan, main research in Kotak Securities, believes that short -term market texture is optimistic but warned about the possible reserve of profits at higher levels. “For merchants, the range of 24,200-24,325/79700-80000 would act as key resistance areas, while 24,000/79000 and 23,900/78700 could serve as crucial support areas,” he advised.
Looking towards the future, Nagarej Shetti, senior technical research analyst at HDFC Securities, sees a more upward potential: “Nifty’s underlying trend is still strong. A sustainable movement above 24,200, Nifty could advance at term.”
The strong market performance occurs in the midst of the current quarterly profit season, and the approach is likely to remain in specific actions of the company in the next few days. The technical rupture above the key resistance levels suggests a continuous impulse, although some systems advise caution after rapid ascent or approximately 2,400 points in just eight commercial sessions from the recent minimum of 21,743.
Posted on April 21, 2025