Stock Market Closing: Nifty and Sensex closed flat on Tuesday as investors closely observed the developments around India-Pakistan diplomatic tensions after Pahalgam terror attack.
Nifty 50 closed nominally higher at 24,335.95 points, whereas BSE Sensex retained its 80,000 mark. Banking sector stocks traded flat whereas IT sector stocks including HCL Tech, etc regained their footing after days of decline.
In spite of the heightened border tensions and poor global signals, the Indian stock market began Tuesday in the green. In early trading, the Sensex surged more than 310 points, while the Nifty opened over the 24,370 level. On the Nifty index BEL, Tata Motors, IndusInd Bank, Trent and Reliance Industries were the top gainers, whereas Bajaj Finance, UltraTech Cement, CIPLA, Sun Pharma and Nestle India were the top losers. As investors awaited a barrage of corporate results and economic data this week, the Asian market began flat on the global market front but reported a modest rise. Bajaj Finance, Bajaj Finserv, Trent, Bharat Petroleum Corporation, and Ambuja Cements will all release their Q4 earnings today, while IDBI Bank, TVS Motor Company, Adani Green Energy, IRFC, UltraTech Cement, Adani Total Gas, and UCO Bank will be the focus of attention on the stock-specific front following the release of Q4 results.
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Apr 29, 2025, 3:35 pm IST
Stock Market Live: Nifty Closes Nominally Higher
Stock Market Live: Nifty 50 closed 7 points higher at 24,335.95 on Tuesday as investors remained cautious about the developments related to the diplomatic tensions between India and Pakistan after Pahalgam terror attack.
Apr 29, 2025, 3:20 pm IST
Stock Market Live: Sensex Likely To Close Near 80,300 Points
Stock Market Live: While showcasing a muted market session on Tuesday, Sensex is likely to close the session near 80,297 points, according to its indicative closing reflected on BSE
Apr 29, 2025, 3:00 pm IST
Stock Market Live: Rupee Hits 2025-High Of 84.96 Against Dollar
Stock Market Live: Driven by strong FII inflows and strong domestic data, Indian Rupee recovered and touched its 2025's highest mark of 84.96 against dollar. Traders have also cited strong economic indicators as key support. India also showcased a decline in its inflation and increase in its manufacturing and industrial output.
Apr 29, 2025, 2:39 pm IST
Stock Market Live: Broad Market Indices in Green, Especially Nifty 100 and Nifty Microcap
Stock Market Live: Nearly all the broad market indices including those dominated by Midcap and small cap stocks where trading in green as the overall market sentiment remained positive on Tuesday. Reliance Industries shares were trading 2.4% higher amid spurt in volume.
Stock Market Live: As the Indian stock market continued its bullish run on Tuesday, more than fifty stocks touched their 52-week high mark on Tuesday. Additionally, nearly, 167 stocks touched upper-circuit mark on BSE during today's trading session.
Apr 29, 2025, 2:24 pm IST
Stock Market Live: Top Gainers and Losers on BSE Sensex
Stock Market Live: Paras Defence and Space Technologies Ltd shares were trading 13% higher on BSE. Other stocks trading in green and emerging as top gainers are Cargotrans Maritime Ltd, Cochin Shipyard, Mindteck (India) Ltd, etc. Whereas, top losers on BSE Sensex are Tata Tech, Hatsun, TVS Motor, SW Solar, etc
Apr 29, 2025, 2:17 pm IST
Stock Market Live: Nifty PSU Bank Up 0.4%
Stock Market Live: Banking sector stocks remained strong during Tuesday's session. Nifty PSU stocks also surged today including UCO Bank, Punjab and Sind Bank, Central Bank of India, etc.
Apr 29, 2025, 1:38 pm IST
Canada Election Results 2025: Mark Carney Leads Liberal Party to Victory.
Canada Election 2025 results are now out, and former central banker Mark Carney has led the Liberal Party of Canada to its fourth consecutive term in office. This big win comes at a time when there's a lot going on around the world, the Conservative Party was getting stronger, and many Canadians were worried about how the U.S., under Donald Trump, might affect Canada's independence and decisions.
Apr 29, 2025, 11:48 am IST
Stock Market Live Updates: Defence Stocks Continue Gain Momentum For Second Day
Defence stocks has continued their gains for a Second Day in a Row.
Tuesday saw a sharp increase in the stock prices of India's largest defence firms. Among the companies that saw a spike, which ranged from 5% to 8%, are Garden Reach Shipbuilders, Data Patterns, Cochin Shipyard, Mazagon Dock Shipbuilders, and Hindustan Aeronautics.
Apr 29, 2025, 11:21 am IST
Stock Market Live Updates: Nifty Takes U-Turn Towards Green
The Nifty 50 index has seen a choppy trading session, swinging between gains and losses. It is currently trading in the green and has touched an intraday high of 24,357.65. Leading the upward momentum are key stocks like Reliance Industries, Bharti Airtel, Larsen & Toubro, Axis Bank, and Tata Motors.
Apr 29, 2025, 10:39 am IST
Stock Market Live Updates: Ather Energy IPO Check at Day 2
As of 10:30 AM on Day 2 of bidding, the Ather Energy IPO has been subscribed 0.20 times overall. The Qualified Institutional Buyers (QIB) portion has seen no subscription so far, standing at 0.0 times. The Non-Institutional Investors (NII) category has received bids for 0.17 times its allotted quota. The Retail Individual Investors (RII) segment has shown more interest, subscribing 0.80 times. Notably, the employee reserved portion has been subscribed 2.18 times
“Cholamandalam Investment and Finance (CIFC) delivered PAT at INR 12.7bn, up 20% YoY, 17% QoQ, and 6% ahead of JMFe. The company's RoE/RoA stood at 21.9%/2.6%, witnessing sequential improvement of 215bps/25bps QoQ. PPOP growth of 43% YoY and 10% QoQ (+4% vs JMFe) was largely driven by lower-than-expected operating expenses. Credit cost of the quarter stood at ~1.4% (down 17bps QoQ). However, disbursement growth for the quarter was only 7% YoY (~15% YoY last quarter) driving down AUM growth to 27% YoY (~30% YoY last quarter). For full year FY25, disbursement growth has come down ~14% YoY in FY25 vs ~58% CAGR during FY22-24 which will put downward pressure to AUM growth in FY27. We will watch out for management commentary during earnings call around growth outlook amidst moderating disbursements, NIM outlook amidst rate cuts and credit cost,” said Ajit Kumar of JM Financial Institutional Securities.
Apr 29, 2025, 9:23 am IST
Nifty Outlook Today By Anand James, Chief Market Strategist, Geojit Investments Limited
Yesterday, we highlighted how Friday's session attempted a pullback, leveraging March's peak levels as support. While we initially mapped out a downside trajectory, we opted to wait for confirmation of an upside movement above the 24190 regions. A decisive close above this level has boosted the potential for reaching 24500-850. However, with last week's peak at 24359 now within proximity, increased volatility is anticipated if 24300 fails to hold. Key support levels are identified at 24190, 24070, 23950, and 23670.
Apr 29, 2025, 9:00 am IST
Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.
The Sensex did a Vaibhav Suryavanshi yesterday with a 1005 point spectacular rally amidst the heightened tensions in the border. What message is the market sending? The market has discounted, as everyone else has, that there will be an appropriate response from India to the terrorist attacks, but the market hopes that tensions will not lead to a war which can have very bad consequences.
The strong pillar of support for the market now is the sustained FII buying for nine days in a row for a cumulative amount of Rs 34940 crores. India’s potential relative outperformance compared to other large economies can support the FII inflows and impart resilience to the market.
The US treasury secretary Scott Bessent’s remark yesterday that “ I would guess that India would be one of the first trade deals we would sign” is a big positive for India.
However, investors should exercise caution in the near-term in the context of the high uncertainty regarding the fallout from the border tensions.
Apr 29, 2025, 8:22 am IST
Upside Momentum Builds: Nifty Targets 24,600–24,800 On Breakout
“A long bull candle was formed on the daily chart that has almost engulfed the long negative candle of Friday. This market action indicates lack of follow-through selling post formation of reversal pattern on Friday. Nifty also placed at the edge of upside breakout of the immediate hurdle at 24360 levels. The near-term uptrend of Nifty remains intact. A sustainable move above 24400 is not only going to negate the recent short-term bearish pattern, but also open sharp upside towards the next resistance of around 24600-24800 levels in the near term. Immediate support is placed at 24050 levels,” said Mr. Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.
Apr 29, 2025, 8:21 am IST
Bank Nifty Prediction By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Structurally, Nifty Bank has carved a well-established trading corridor between 54,300 and 56,000, oscillating within this range over the past six sessions. This band has now emerged as a crucial zone for directional clarity in the coming days. On the technical front, bullish momentum is gradually firming up, as price action continues to hover above the breakout neckline, supported by the 10-day EMA, both reinforcing the underlying strength of the bulls.
A prominent bullish candlestick pattern emerged on the daily chart following the recent profit-booking bout, further strengthening the positive bias. Encouragingly, the index continues to exhibit a "buy-on-dips" structure, firmly holding above the 54,000–54,300 breakout territory, highlighting robust buying pressure at lower levels. Immediate resistance now lies between 56,000–56,200—a zone that could act as a supply wall. A decisive breakout above this belt could reignite bullish momentum and trigger a fresh upward leg.
From the momentum perspective, the daily RSI hovers near the 70-mark, reflecting sustained strength and a prevailing bullish undertone. A push above 56,000 could unleash short-covering rallies and attract fresh buying interest, while a slip below 54,300 could pave the way for profit-taking towards the 53,900 zone.
Apr 29, 2025, 8:19 am IST
Nifty Prediction By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Broadly, the index has been carving a well-defined range between 23,800 and 24,400 and has been oscillating within this band for the past six trading sessions, a pivotal corridor that will likely dictate the next directional move. On the technical front, upward momentum has been gradually strengthening, with the price sustaining above the breakout zone. The index also continues to find strong support at its 10-day EMA, reaffirming bullish control.
A significant bullish candlestick pattern has emerged on the daily chart, though the index largely remained within its previous session’s range. Encouragingly, the price structure continues to favour buyers, as Nifty consistently holds above the 23,900–24,000 breakout zone, hinting at strong demand from lower levels. Immediate resistance remains clustered between 24,400–24,500, a zone that could act as a supply barrier. A breakout above this resistance band could trigger renewed bullish momentum and ignite a fresh leg higher.
From the momentum perspective, the daily RSI is hovering just above 60, indicating that underlying strength that persists, is in favour of bulls. Any move above 24,400 could unleash short-covering rallies and attract fresh buying interest, while a breach below 24,000 could prompt profit-booking toward 23,800.
Apr 29, 2025, 8:09 am IST
Nifty Bank Options Market Snapshot By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
The derivatives landscape is starting to reveal a subtle shift from aggressive optimism to cautious optimism. Call writers have marginally overtaken put writers, signaling the emergence of mixed to neutral positioning. Significant open interest at the 55,500 strike (10.18 lakh contracts) has established this level as a short-term ceiling, while substantial put writing at the 55,000 strike (9.61 lakh contracts) underscores strong support just beneath the spot. This dynamics places the 55,400–56,000 belt under close scrutiny as a critical resistance zone.
Additionally, simultaneous buildup in both calls and puts suggests a short-term neutral-to-rangebound bias. The Put-Call Ratio (PCR) remains unchanged at 0.99, mirroring a balanced sentiment among traders. Meanwhile, the Max Pain point has settled around 54,500, implying a tendency for sideways movement near current levels, with upside capped for now.
Apr 29, 2025, 8:09 am IST
Nifty Options Market Insights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
The options setup reflects a gradual transition in market sentiment from cautious to confident. Put writers have expanded their positions aggressively, overtaking call writers — a positive sign for bullish bets. The 24,500 strike has seen a heavy open interest addition (1.06 crore contracts), establishing it as a near-term resistance ceiling. Simultaneously, the 24,000 strike has witnessed robust put writing (1.24 crore contracts), offering a strong support floor just below the current levels. The accumulation of open interest between 24,400–24,500 reaffirms it as a critical resistance zone. Interestingly, while puts are repositioning at lower strikes, call writing has intensified, both hinting at underlying nervousness among traders. The Put-Call Ratio (PCR) has risen sharply to 1.17 from 0.70, suggesting a noticeable shift towards bullish sentiment. Max Pain remains centred at 24,200, implying a range-bound bias for now, with an upward tilt capped unless a breakout materializes.
Apr 29, 2025, 8:08 am IST
Market Outlook Today By Rajesh Bhosale, Equity Technical Analyst, Angel One
Sustained broad-based participation will likely emerge only once the Midcap index decisively crosses its 200DMA. Until then, traders should remain selective in their stock-picking approach. No aberrations were observed on the Ind-Pak front over the weekend, which has triggered positive momentum. However, we should avoid complacency and refrain from taking aggressive overnight positions.
Apr 29, 2025, 8:07 am IST
Nifty Outlook By Rajesh Bhosale, Equity Technical Analyst, Angel One
From a technical perspective, Nifty had confirmed a structural breakout last week by surpassing the February–March swing highs in the 23800–23900 range. This breakout zone, which earlier acted as resistance, has now turned into a strong support area. After briefly testing these levels on Friday, today’s session saw a strong bullish candle, fully recovering the Friday losses and resuming positive momentum. Notably, this support area aligns with the 200-day SMA, reinforcing the buy-on-dips strategy. On the upside, the next major resistance is seen near 24550, which is the 61.8% retracement of the entire fall from the all-time high.
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