April 28th to May 2nd 2025
Market Overview:
Nifty posted its third straight week of gains, closing at 24,347 (+1.28%) while Sensex surged to 80,502 (+1.63%). The market stayed resilient despite India-Pakistan tensions, reflecting underlying bullish sentiment and strong institutional support.
Key Positives This Week:
- Record GST Collections: India collected Rs 2.37 lakh crore in April, the highest ever, showing a 12.6% YoY jump.
- FII Buying: Foreign investors were net buyers to the tune of Rs 7,680 crores.
- Improved US-India Trade Relations: Positive statements from US Treasury and China’s willingness for talks uplifted sentiment.
- Rate Cut Hopes: Market expectation of a 100 bps rate cut from the US Fed fueled optimism.
- Wall Street Rally: Dow Jones and S&P posted a 9-day winning streak, their best in 20 years.
- India’s Strategic Advantage: India is seen as a key beneficiary of the ongoing US-China tariff war.
Notable Concern:
- Rising India-Pakistan border tensions and recent terror attacks could add geopolitical uncertainty.
Weekly Recap:
| Instrument | LTP | Weekly Change |
|---|---|---|
| Nifty | 24347 | +1.28% |
| Sensex | 80502 | +1.63% |
| Bank Nifty | 55115 | +0.83% |
| Nifty Midcap | 15176 | +0.26% |
| India VIX | 18.26 | +6.41% |
| Dow Jones | 41317 | +3.00% |
| Nasdaq | 20103 | +3.45% |
| Crude Oil ($) | 58.49 | -7.02% |
| Gold ($/oz) | 3230 | -3.13% |
| Silver ($/oz) | 32.03 | -3.13% |
| USD/INR | 84.54 | -0.98% |
Sectoral Performance:
Bullish Sectors: Oil & Gas (+4.38%), Realty (+2.58%), Infra (+2.39%), Auto (+1.33%), IT (+0.93%)
Bearish Sectors: Media (-1.71%), Metal (-0.60%), FMCG (-0.50%)
Stock Highlights:
- Reliance Industries (+9.38%): Strong Q4 results with 10% YoY revenue growth.
- CEAT (+11%): Healthy operational performance and margin expansion.
- Vishal Mega Mart (+13%): Strong quarterly profit and revenue growth.
- PNB Housing (+8.26%): PAT rose 25% in Q4FY25; improved asset quality.
- JSW Steel (-5.37%): Fell after Supreme Court nullified Bhushan Power acquisition.
- SML ISUZU (-12%): Declined on M&M acquisition news.
Top Nifty 50 Gainers:
- MARUTI (+6.65%)
- ADANI PORTS (+6.21%)
- RELIANCE (+5.42%)
- BPCL (+4.62%)
- SBI LIFE (+4.11%)
Top Nifty 50 Losers:
- SHRIRAM FIN (-7.78%)
- JSW STEEL (-5.37%)
- ULTRATECH CEMENT (-4.85%)
- BAJAJ FINSERVE (-4.28%)
- HEROMOTO CORP (-3.98%)
Expert View:
Markets appear optimistic with improving global cues, easing tariff tensions, and FII inflows. However, investors should monitor geopolitical developments closely. Nifty is currently trading above its 200-DMA, with the next resistance seen at 24,858.
Disclaimer:
Riddhi Siddhi Share Brokers is an NSE & BSE registered Authorised Person of a leading broker and does not provide investment advisory services. The insights shared above are for educational and informational purposes only. Investors must do their due diligence or consult a registered advisor before investing.