Below 24,300 Nifty Trades Further, Sensex Wavers Early Gains:
Indian equity market opened on a cautious note today on April 24, 2025 with both NIFTY 50 and the Sensex losing few openings before inched higher. The benchmark NIFTY opened at 24295 around which it is hovering and showing a small correction at the time of writing. Further the Sensex stayed near 79,990 level also failed to move above its opening price.
Conflicting global cues, home caution:
Delivering a less-than-hot start, starting with some of the global markets being positive overnight US stocks advanced on word that trade with China is picked up pace and fears about independence of the Federal Reserve receded. Wall street took similar cues and Asian markets ended higher in general. But mind that the sentiment in home is still cautious. The recent Pahalgam terror attack in J & K has upped the geopolitical pressure between India and Pakistan, with India pushing firmer measures. 1 Having a Birds Eye View from this time
Also check:- Indian Stock Market: Nifty Surpasses 24,000 as Banking Stocks Fuel Market Rally
More willy nilly in the Sector:
It is remain neutral sector-wise. Pharmaceuticals and PSU banks had started with some gains, but financials, auto, metal and realty all opened in red. Some level of profit taking in the IT sector that rallied yesterday started showing a little action also.
Important influences on the market
The key drivers driving the Indian equity markets right now are:
Global cues: US-China trade prospects show some improvement, while steady economic data from the US offers some traction.
Geopolitical Woes: the fall out of Pahalgam terror attack and India’s responses muzzles sentiment of investors.
FII Activity — FII inflows have been a big positive for the markets so far in a year, their activity to end the year could well help support prices if they keep buying.
Q4 Earnings — Investors will be closely watching on how lay out for the current quarterly earnings driven season with major FMCG companies releasing their results today.
Also check:- Market Update: Nifty Surges Amidst Volatile Trading
Rupee Weak Trades:
Indian Rupee is also eroding against the US dollar in the early trade, adding to the cautious market sentiments.
Overall Outlook:
Although it has been a strong move up in the prior session the Indian markets seems to be relaxing today. Not that investors will sit on their hands and wait for cues from global markets, geopolitical whims, incoming Q4 corporate earnings. The Nifty and Sensex could be choppy across the day as traders start making buy/sell signals.
