The stock market pared gains on Monday as Nifty and Sensex rallied due to strong market sentiment. Nifty 50 was closed above 24,300, whereas Sensex jumped 1,000 points and closed at 80,218.37 points.
The Indian stock market opened higher on Monday, tracking strong global cues. Nifty opened above the 24K mark at 24,070.25 compared to the previous close of 24,039.35, whereas Sensex was 240 pts during the opening session at the 79,453 level. On the Nifty index, the top gainers were Reliance Industries, ICICI Bank, DR Reddy, SBI and BEL whereas the top 5 losers were Maruti Suzuki, Bajaj Auto, Shriram Finance, Bajaj Finance and Hero Motocorp.
Global market cues, India-Pakistan conflicts, and subdued Q4 earnings reports are some of the reasons that might cause domestic market volatility. Investors will be watching today's Q4 earnings, which will be released by UltraTech Cement, IRFC, Adani Green Energy, TVS Motor Company, IDBI Bank, Adani Total Gas, UCO Bank, and others. Following the announcement of Q4 results, IDFC First Bank and Indraprastha Gas will be the focus of attention going forward. Globally, European markets closed the day higher, while Wall Street ended the day higher on Friday, with the Nasdaq rising more than 1%, while Asian markets gained during early trading as investors anticipate additional stimulus steps from China during a press conference on Monday.
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Apr 28, 2025, 4:06 pm IST
Closing Bell: Stock Market Ends in Green
Closing Bell: The stock market pared gains on Monday as Nifty and Sensex rallied due to strong market sentiment. Nifty 50 was closed above 24,300, whereas Sensex jumped 1,000 points and closed at 80,218.37 points.
Stock Market Live: BSE Sensex ends 1000 points higher on Monday. The stellar rally was supported by strong performance of Banking stocks, defence sector stocks, etc
Apr 28, 2025, 3:19 pm IST
Stock Market Live: Nifty Bank Up 1.38%
Stock Market Live: Nifty Bank, after a period of minor decline, regained momentum on Monday. The NSE index was 1.38% higher at 24,317.65 points during Monday's intraday trade. The strong momentum of Nifty Bank was supported by the growth of banking sector stocks like Punjab National Bank, State Bank of India, Bank of Baroda, Axis Bank, Canara Bank, etc.
Apr 28, 2025, 3:00 pm IST
Stock Market Live: Tejas Network Share Price Down 12% After Company Announced Q4 Result
Stock Market Live: Tejas Network, a Tata subsidiary, reported a net loss of Rs 71 crore during the December quarter. The company scrip was trading 12.16% lower at Rs 755.25 per share on BSE on Monday.
The Mukesh Ambani-backed Reliance Industries (RIL) share price has skyrocketed by nearly 6% on BSE, to reach around Rs 1,375 apiece mark. Furthermore, the largest company in India recorded more than Rs 1 lakh crore jump in market valuation, taking its total m-cap to near Rs 18.49 lakh crore. Reliance becomes the first Indian company to have a net worth of Rs 10 trillion and also enters the elite top 25 global companies list with net worth of 8 billion.
Apr 28, 2025, 1:41 pm IST
RateGain Launches the First CRS Integrated AI voice agent for hotels
RateGain Travel Technologies Limited (RateGain), a global provider of AI-powered SaaS solutions for the travel and hospitality industry, today announced the launch of UNO VIVA, the first CRS integrated AI voice agent built for hotels. UNO VIVA is an AI agent built on UNO—RateGain’s AI-powered hotel commerce platform designed to streamline and optimize the reservation journey for hotels. Designed to be deployed independently or with CRS, UNO VIVA manages reservation-related calls with high efficiency and responsiveness
Apr 28, 2025, 12:56 pm IST
Vodafone Idea to launch 5G Services in Chandigarh and Patna
Vodafone Idea announces the launch of its 5G services in Chandigarh and Patna. Starting April 28, 2025, Vi Customers using 5G devices will have access to 5G services in Chandigarh and Patna.s This expansion follows Vi's successful launch in Mumbai in March, where over 70% of eligible users are experiencing Vi 5G, contributing up to 20% of total network data traffic, and is part of Vi's initial 5G rollout phase. The rollout will soon expand to Delhi and Bangalore in May. Additionally, coinciding with the ongoing T20 League, Vi also enabled 5G services in 11 major cricket stadiums across the country, allowing fans to enjoy high speeds during live matches.
Apr 28, 2025, 12:53 pm IST
Sigachi MENA FZCO Signs MoU With Respilon Group
Sigachi MENA FZCO, a subsidiary of Sigachi Industries Limited, has signed an MoU with Respilon Group s.r.o. to leverage NUENEX® nanofiber technology for non-invasive, precision drug delivery. The agreement, signed on April 24, 2025, marks a major step toward enhancing patient experience and therapeutic outcomes.
Apr 28, 2025, 11:57 am IST
Stock Market Live Updates: Defence Stocks in Focus Amid Ind-Pak Tension: HAL Share Price Jumps 5%
Hindustan Aeronautics Limited (HAL) shares surged 5.24% and gained Rs 219.70 in intraday trade on Monday, reaching Rs 4,416.10 per share. The rise comes as defence stocks gain attention due to growing tensions between India and Pakistan.
Apr 28, 2025, 11:20 am IST
Stock Market Live Blog: M&M Shares Jump 3% After Acquiring 59% Stake in SML Isuzu
Shares of Mahindra & Mahindra (M&M) rose 2.82% to Rs 2,945 after announcing the acquisition of a 58.96% stake in SML Isuzu for Rs 555 crore. M&M will buy 43.96% from Sumitomo Corporation and 15% from Isuzu Motors.
Apr 28, 2025, 10:52 am IST
Stock Market Live Blog: Indus Tower Share Price Gains Over 2%
Indus Towers share price gained 2.1% in morning trade on Monday, April 28. At 10:50 AM, the stock was trading at Rs 405.35, up Rs 8.00 on the National Stock Exchange (NSE). The rise in share price comes after the company informed the stock exchanges about its upcoming Board meeting scheduled for Wednesday, April 30, 2025.
Apr 28, 2025, 10:17 am IST
Stock Market Live Update: IRB Infrastructure Share Price Rises to Rs 64.08
IRB Infrastructure share price went up by Rs 0.39 or 0.61% in morning trade on April 28, reaching RS 64.08 on the National Stock Exchange. The rise shows some buying interest as infrastructure-related stocks stay strong due to the government's continued focus on spending for development projects.
Apr 28, 2025, 9:32 am IST
M&M In Focus
Today, attention is focused on Mahindra & Mahindra (M&M), which announced on Saturday that it would buy a 58.96% stake in SML Isuzu (SML) for Rs 650 per share. In order to acquire a stake in SML Isuzu, M&M would buy 43.96% of the company's equity share capital from promoter Sumitomo Corporation and 15% from Isuzu Motors Limited (Isuzu), a public shareholder.
An evening star formation followed by Friday’s solid down move has unfolded at the top of a relentless up move that has been on since the 7th of April. Ideally this down move aims for the 23300-23050 region, with initial support seen near 23670. Meanwhile, the support offered by the March peak, from which a pullback was staged in the dying hours of Friday lends some hope for a quick resumption of uptrend, without a long-drawn correction. However, for this, Nifty needs to remain above 24190, in which case 24500-850 could come back into the horizon. For opening trades, we will keep 23950-24070 as the key pivots.
Apr 28, 2025, 9:04 am IST
Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
The heightened uncertainty relating to Indo-Pak tensions will weigh on the markets. It is very difficult to judge how much the market has discounted. Going by the resilience of the market, it can be said that the market has not discounted a scenario of the tensions culminating in a war between the two countries. It is important to remember that markets have an uncanny ability to surprise by climbing many walls of worries. The major factor contributing to the resilience of the market is the sustained buying by FIIs which has amounted to Rs 32465 crores in the last eight days. FIIs have turned sustained buyers in a dramatic reversal of their sustained selling strategy. This, in turn, is due to the relative under performance of US stocks, US bonds and dollar. In an environment of weakening US economy and depreciating dollar FIIs may continue to buy providing support to the market.
Apr 28, 2025, 8:37 am IST
Nifty Bank Eyes Healthy Base-Building Phase Above Key Supports
“A Gravestone Doji formation on the weekly chart suggests a potential slowdown in the bullish momentum. Nevertheless, the broader trend remains firmly bullish, as the index holds above all key moving averages. After a strong upward trajectory, Nifty Bank appears poised for a healthy consolidation, which could establish a base before its next leg higher. The support remains at 54,200, followed by the 38.2% Fibonacci retracement at 53,500. The resistance stands at 55,400. The index may remain in a broader range before any directional move,” commented Om Mehra, Technical Research Analyst, SAMCO Securities.
Apr 28, 2025, 8:32 am IST
Nifty's Pulse Steady Above 60 RSI, Consolidation On The Cards
“Nifty formed a bearish candle on the daily chart but exhibited a higher high and higher low formation. The index holds above all key moving averages but remains slightly on the verge of the 9 EMA, indicating some pullback. The daily RSI remains steady above the 60 mark. The support levels include the 23.6% Fibonacci retracement at 23,750, offering major support. The resistance remains at 24,200, followed by 24,300,” said Om Mehra, Technical Research Analyst, SAMCO Securities.
Apr 28, 2025, 8:28 am IST
Bank Nifty Options Market Insights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
The derivatives setup is beginning to exhibit signs of a shift in tone from aggressive optimism to cautious positioning. Call writers have become more dominant, exceeding the put writers, signalling the emergence of bearish bets. Notably, strong open interest at the 55,500 strike (9.34 lakh contracts) highlights this zone as a firm ceiling, while notable put writing at the 54,000 strike (9.11 lakh contracts) underlines strong support just below current levels. This places the 55,000–55,500 range under the spotlight as a key resistance belt. Additionally, simultaneous additions in both calls and puts indicate a neutral-to-rangebound bias in the short term.
The Put-Call Ratio has cooled off to 0.99 from 1.12, reflecting a soft decline in bullish sentiment. The Max Pain level has settled at 54,300, indicates sideways action near current levels, capped by overhead supply.
Apr 28, 2025, 8:22 am IST
Bank Nifty Outlook Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Broadly, the Nifty Bank has now shaped a well-defined trading range between 54,000 and 56,000, which could serve as a critical inflection zone in the upcoming sessions. On the technical front, the recent upward leg appears to have stalled for now, with the index filling its previous upside gap and bouncing back toward the end of the session, signalling that bulls still have a foothold, though sellers are tightening grip. A notable bearish candlestick on the daily chart has emerged, suggesting that the low of the current candle now becomes a key support reference.
Positively, the index closed above the critical 54,000–54,200 breakout zone, reflecting a successful retest of previous support. Meanwhile, the upper range of 55,500–56,000 now turns into a heavy resistance cluster. A sustained breakout beyond this band could unlock the next phase of upside.
From a momentum standpoint, the daily RSI remains steady above the 60 mark, indicating that bullish momentum still holds—but requires confirmation via follow-through strength. For now, the index remains in a pause mode with critical support safeguarded and resistance looming ahead.
Apr 28, 2025, 8:15 am IST
Nifty Options Market Insights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
The options setup reflects a gradual shift in market tone—from confident to cautious. Call writers have ramped up their presence, overshadowing put writers, indicating an uptick in bearish positioning. The 24,500 strike has seen hefty open interest buildup (90.50 lakh contracts), turning it into a short-term ceiling. Meanwhile, the 24,000 strike has seen strong put writing (58.78 lakh contracts), lending support just beneath spot levels. The concentration of open interest in the 24,300–24,500 zone reaffirms this as a critical resistance zone. Interestingly, puts are seen repositioning at lower strikes, while call writing intensifies—both signs of nervousness. The Put-Call Ratio (PCR) has slipped to 0.70 from 0.93, indicating growing caution in trader sentiment. Max Pain remains centered at 24,050, hinting at undertone to remain sideways with upside capped for now.
Apr 28, 2025, 8:14 am IST
Nifty Outlook Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
On the technical front, the strong upward momentum has taken a breather, with the index wiping out gains from the past four sessions—a signal that bulls must now protect their territory against renewed selling pressure. Notably, a prominent bearish candlestick has formed on the daily chart, emphasizing that the current candle’s low is a critical support benchmark.
Encouragingly, despite the pressure, Nifty managed to end above the 23,900–24,000 breakout territory, hinting at a solid retracement from lower levels. Resistance now stands firm between 24,300–24,500 a cluster that could act as a supply zone. A breakout above this band may revive bullish momentum and ignite a fresh leg higher.
From a momentum lens, the daily RSI is hovering close to the 60 mark, suggesting that continued strength is required to sustain the prevailing bullish bias. Any move above 24,300 could trigger short-covering and attract fresh buying interest, while a slip below 23,800 may open the doors for further downside.
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