Today’s Indian Stock Market Movement – April 22, 2025
Market Summary: Nifty 50 rose 0.38% to 24,217.7 and Sensex added 0.43% to 79,750.18 as RBI eased liquidity norms. Banking & metal stocks outperformed, mid‑caps rallied, while IT lagged. Rupee stable at 85.13/USD.
1. Market Overview
The Indian market opened flat with Sensex at 79,728.39 (+0.40%) and Nifty 50 at 24,185.40 (+0.25%) before choppy trade in mid‑morning pushed Sensex down to 79,319.57 and Nifty 50 to 24,107.05. Post‑RBI announcement, financials led a recovery, lifting both benchmarks into the green.
2. Sectoral Highlights
- Banking & Financials: Kotak Mahindra & HDFC Bank climbed over 2%, driving a 1% gain in the financial index.
- Metals: JSW Steel and peers rose ~1% on new safeguards for steel imports.
- Information Technology: IT stocks slipped 0.5% amid profit‑booking and global demand concerns.
- Mid & Small‑Caps: Outperformed large caps, up ~1.1% on renewed risk‑taking.
3. Currency & Global Cues
The rupee traded at 85.13 per USD, bolstered by foreign inflows and a weaker yuan. Global sentiment remained mixed following U.S. trade policy worries and Fed‑related uncertainty.
4. Key Stocks to Watch
- Kotak Mahindra Bank & HDFC Bank — Beneficiaries of RBI liquidity boost.
- IndusInd Bank — Volatility persists after audit discrepancy.
- JSW Steel — Positioned to gain from import duties.
- Infosys & TCS — Watch for global IT demand signals.
5. Technical Outlook
Analysts cite Nifty support at 23,980/23,900/23,830 and resistance at 24,250–24,370. Sustained trading above 24,000 could pave the way toward 24,500 in the coming sessions.
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