Indian Stock Market Movement Analysis – April 28, 2025
Summary: The BSE Sensex surged over 1.27% to close above 80,200, while the Nifty 50 reclaimed 24,300, driven by stellar Q4 earnings from Reliance Industries, robust banking sector performance, and renewed foreign institutional inflows. Key support lies at 24,200 and resistance around 24,400–24,500, indicating cautious optimism for the next session.
1. Market Overview
On Monday, April 28, 2025, Indian equity markets rebounded sharply, reversing the two-day decline. The BSE Sensex closed at 80,218.37, up 1,005.84 points or 1.27% 0. The NSE Nifty 50 ended at 24,328.50, rising 289.15 points or 1.20% 1. The Nifty Bank index outperformed, gaining 1.41% to 55,432.80 2.
2. Key Rally Drivers
2.1 Reliance Industries Q4 Earnings
Reliance Industries reported a stronger-than-expected Q4 profit of ₹22,434 crore (6% YoY rise), driven by telecom and retail segment strength 3. Its stock rallied over 5%, adding nearly 400 points to the Sensex 4.
2.2 Banking Sector Momentum
Major banking stocks—ICICI Bank, HDFC Bank, Axis Bank, SBI—added ~340 points to the Sensex, as investors cheered robust credit growth outlook and healthy asset quality 5.
2.3 Foreign Institutional Inflows
Foreign institutional investors (FIIs) were net buyers, pumping in ₹3,246.5 crore over the past eight trading days—one of the highest streaks this quarter—underpinning market confidence 6.
3. Sectoral & Stock Highlights
Sector | Gain (%) | Key Stocks |
---|---|---|
Oil & Gas | +3.0 | Reliance Industries, ONGC |
Pharma | +2.5 | Cipla, Sun Pharma |
PSU Banks | +2.4 | PNB, Bank of Baroda |
Midcaps | +1.3 | Apollo Hospitals, Adani Enterprises |
Smallcaps | +0.4 | Jayaswal Neco, Tejas Networks |
NTPC outperformed peers, jumping 1.38% to ₹361.20, despite remaining 19.4% below its 52-week high 7.
4. Technical Outlook
4.1 Support Levels
Nifty immediate support rests at 24,200–24,100. A close below 24,000 could trigger short-term profit-booking 8.
4.2 Resistance Zones
Key resistance lies between 24,400 and 24,500. A decisive breakout above this zone may open the path toward 24,600–24,700 levels 9.
5. What to Expect Tomorrow
Heading into April 29, market participants will watch: gift Nifty futures (down 0.09% in early trade), global cues from European markets, and US futures performance. A muted to slightly positive start is likely, with volatility around 24,300–24,350 10.
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7. Conclusion
April 28, 2025, marked a strong recovery for Indian markets, led by Reliance's blockbuster Q4 results, banking stocks resurgence, and healthy FII inflows. While technical support is intact, traders should watch key near‐term resistance and global cues for the next directional move. Stay tuned for our morning update with fresh insights and alerts.
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