NIFTY OUTLOOK FOR 25 APRIL 2025

Market Overview

Indian equity indices ended on a subdued note on April 24, with benchmark indices closing lower following a day of range-bound activity. The Nifty 50 closed at 24,246, down 82.25 points or 0.34%, while the Sensex declined by 315 points, settling at 79,801.

This decline followed a strong rally in the previous session when both indices had touched multi-month highs. Investor sentiment turned cautious amid geopolitical tensions, weak Q4 earnings in key FMCG counters, and global uncertainties.

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Key Highlights

• Sensex: 79,801.43 (▼ 315.06 points | -0.39%)

• Nifty 50: 24,246.70 (▼ 82.25 points | -0.34%)

• Advance/Decline Ratio: 1869 stocks advanced, 1921 declined, and 144 remained unchanged

• Market Range (Intraday): Nifty traded within 24,120 – 24,360

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Technical Analysis

• An inside body candle was formed on the daily charts, reflecting market indecisiveness.

• The market remains in a consolidation phase, with 24,350/80,100 as a key resistance zone.

• A breakout above 24,350 could push the Nifty towards 24,450–24,500, while a fall below 24,200 may trigger a correction towards 24,100–24,000.

• Short-term trend: Bullish bias intact, but awaiting confirmation via breakout.

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Sectoral Performance

Sector	Movement
Pharma	▲ +1.0%
Metals	▲ Moderate gain
FMCG	▼ -1.0%
Realty	▼ -1.0%
Banking/Finance	▶ Consolidation phase
PSEs, Metals, Pharma	Likely to attract interest

• Pharma and Metals emerged as top performers.

• FMCG and Realty sectors faced notable selling pressure, impacted by weak Q4 earnings and profit booking.

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Stock Watch

• Top Gainers (Nifty):

  • IndusInd Bank

  • UltraTech Cement

  • Grasim Industries

  • Tata Motors

  • Dr Reddy's Labs

• Top Losers (Nifty):

  • HUL

  • Bharti Airtel

  • Eicher Motors

  • ICICI Bank

  • Eternal

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Broader Market Performance

• BSE Midcap & Smallcap: Ended flat but outperformed the benchmark indices, showing resilience.

• Consolidation and stock-specific movement were dominant themes in these segments.

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Global & Geopolitical Impact

• Geopolitical concerns following India’s firm stance on the Pahalgam terror attack affected investor mood.

• Mixed global cues and uncertainty around US-China trade talks added to market unease.

• Market participants scaled back expectations for quick resolution of global trade disputes.

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Outlook & Strategy

• The current market phase is non-directional and range-bound.

• Level-based trading is recommended for short-term traders.

• Focus on stock selection, especially in pharma, PSEs, and metals, for upcoming opportunities.

• Use market dips as buying opportunities in fundamentally strong counters.