Market participants are closely monitoring the growing commercial tensions between the United States and China
The reference rates opened more on Wednesday, but moderate profits in early trade, since banking actions exceeded, while car companies faced sales pressure. The BSE Sensex quoted 76,840.00, more than 105.11 points or 0.14 percent since its previous closure, while the NSEFTy50 NSE added 38.25 points or 0.16 percent to operate at 23,366.80 Axis or 10.04 am
Banking stocks dominated the list of winners with Indusind Bank leading the package, increasing 2.65 percent. The largest Trent increased 2.13 percent, while Axis Bank added 2.01 percent. HDFC’s life insurance earned 1.58 percent, and Jio Financial Services advanced 1.40 percent.
“The banking sector shows a renewed fortress after yesterday’s breakdown above the level of 52,000 in Bank Nifty, indicating a positive technical configuration,” said Shrikant Chouhan, head of capital investigation at Kotak Securities.
On the loser side, car stocks faced pressure with Maruti Suzuki decreasing 1.53 percent and the low -fell 1.35 percent. The Hendalco metal stock lost 1.13 percent, while Eternal fell 1.11 percent and Sun Pharma spilled 0.94 percent.
Foreign institutional investors (FII) delivered net buyers for the first time this month on Tuesday, buying shares worth ₹ 6,065 million rupees, providing an impulse to the feeling of the market. However, national institutional investors (DIIS) turned net sellers after three days, downloading shares worth ₹ 1,951 million rupees.
“The FIIs turn to net buyers after nine consecutive sales days is a positive sign for the market,” said Hardik Matalia, an analyst derived from Choice Broking.
Market participants are closely monitoring the growing commercial tensions between the United States and China. “The street continues to increase tensions between the United States and China, since the United States Department of Commerce opened an investigation into semiconductor and pharmaceutical imports, which increases Furte Tapse’s perspective, said Ltd. Ltd.
The market is finding the support of macroconomic factors, with a cooling of retail inflation to a minimum of almost six years of 3.34 percent and wholesale inflation that falls to a minimum of seven months of 2.05 percent. In addition, the Department of Meteorology of India (IMD) has predicted a monzón above normal to 105 percent of the long period of average, increasing the feeling for the sectors related to agriculture.
“It is likely that the actions of fertilizers, tractors and FMCG see a positive impulse, driven by the expectations of a better demand after the IMD forecast,” according to Vikas Jain, head of Research of Reliance Securities.
Real estate actions can benefit after a reduction of 25 basic points in loan rates per SBI and the growing anticipation of more rates by RBI. The Indiavix, which measures market volatility, fell significantly 19.81 percent on Tuesday and current contributions to 16,1250, indicating the decrease in market anxiety.
In the Technical Front, analysts suggest that the NIFTY has a key support in 23,200 followed by 23,100 and 23,000, while the resistance is seen at 23,500, 23,600 and 23,800 levels.
“While the Nifty Bank remains above 51,800 levels, the upward feeling is expected to continue. On the upward side, the range of 52,600 to 53,000 could continue,” Matalia added.
Global markets exhibited a mixed feeling, with US actions that end slightly lower on Tuesday. “US actions ended slightly lower as tariff uncertainty remained high, the actions of consumer and medical care companies decreased, and optimistic banking results provided some support,” said Devarsh Vakil, head of the main research of HDFC Securities.
Investors expect US retail sales data and the statement of the president of the Federal Reserve later today to obtain more signals about economic perspectives. The technological sector faced pressure after Nvidia announced that the United States government is restricting the exports of its H20 chip to China.
Market experts advise a “purchase in DIPS” strategy while maintaining strict risk management given the current market impulse in the midst of continuous global commercial uncertainties.
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Posted on April 16, 2025
