On April 25, the Indian market saw a good recovery from the day's lows, extending its winning streak to a fifth consecutive session. Top Gainer: AXISBANK | Top Loser: KOTAKBANK

Liquide Post-Market Summary 25th April 2024

On April 25, the Indian market saw a good recovery from the day's lows, extending its winning streak to a fifth consecutive session. However, gains were capped by profit-booking in the final hours. At closing, the Nifty surged by 167.90 points, or 0.75%, closing at 22,570.30. Except for realty, all sectors ended positively, with the PSU Bank index surging nearly 4% to achieve a record high of 7,421.20.

NIFTY:  The index opened 86 points lower at 22,316 and made a high of 22,625 before closing at 22,570. Nifty has formed a long bullish candlestick pattern on the daily chart. Its immediate resistance level is now placed at 22,625 while immediate support is at 22,500.

BANK NIFTY: The index opened 417 points lower at 47,772 and closed at 48,494. Bank Nifty has formed a strong bullish candlestick pattern on the daily timeframe. Its immediate resistance level is now placed at 48,600 while support is at 48,300.

Indices closing for 25th April 2024
Major Market Indices data
Nifty Gainers & Losers

Stocks in Spotlight

▪  Nestle India: Stock gained over 2% after the FMCG giant reported better-than-expected earnings for the March quarter.

▪  MAS Financial Services:  Stock advanced over 3% after the company reported strong earnings in the March quarter.

▪  Axis Bank: Stock jumped 6% after the private lender reported a strong set of fourth quarter earnings.

Global News

▪  The pan-European benchmark Stoxx 600 index was down 0.8% by 3:25 p.m. London time, extending a downward slide during morning trade. The majority of sectors were in negative territory, with industrial stocks losing 2% as healthcare added 0.4%.

▪  The U.S. dollar briefly fell against the yen on Thursday after data showed the world’s largest economy grew more slowly than expected in the first quarter.

▪  Asia-Pacific markets took a breather after two straight days of rallies, mirroring moves on Wall Street ahead of first-quarter GDP (gross domestic product) figures from the U.S. due Thursday.

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