INDIA/New Delhi (Finaltrends) April 22, 2025– Indian markets traded dynamically with Nifty 50 index ending in negative territory on day trade. Domestic indices turned firm on a post overnight sell-off in US markets and rises investors fears over possible changes in US economic policy like the US corporate tax re-write, supported by strong buying into major sectors.
Nifty Overcomes Resistance:
The Nifty 50 ended at heavy, though on the back of initial resistance even edging up to a close of 23857(1.77% or 414.45). This would suggest the bullish momentum shown in the previous session might continue at least to some extend as index managed to close at the higher end of its intraday range and breaching through 24100 is settled just shy of that level.
Strong Results In Banking and Metal:
Rising the boldest theme were banking & metal cap stocks. The NIFTY Bank Index surged by 2.21%, recovery in sentiment post the Reserve Bank of India (RBI) directed relief to lenders by easing liquidity coverage ratio (LCR) norms. Metal stocks bounced strongly as well with 3%+ nearly immedist after ASLIB on some steel products imported-by Indian Govt.
Also check:- Indian Stock Market Witnesses Volatile Trading Session Amidst Global Cues
Global Cues and Domestic factors:
Asia missed the big domestic boom, US futures to recoup yesterday’s bearish momentum and European markets closed mostly mixed. US trade policies are still a concern hanging over global growth, investors fears and concerns notwithstanding. But at home, LCR norms being eased and specific sectors like metals headed up gave a big confidence push to the street.
Top Performers:
IndusInd Bank had opened with a huge slide based on news about a second forensic audit but it rebounded bigtime at the end of the day [largest gainers] IndusInd Bank Initially
Contrarily few of the banking and metal stocks suffered to end as such top losers.
Also check:- Indian stock market: Nifty, Sensex See Volatile Trading Amid Global Economic Concerns
Outlook:
According to market analysts, Nifty will now see its ability to hold gains above support level of 23,800-23,850 will be critical for the next level of higher trading. Advisors will be most likely tending to global cues, principally US economic policy developments and any fresh actions from the RBI. Investors will also be watching some of the key quarterly earnings releases from top Indian corporations.
