POST-MARKET SUMMARY 25th April 2025
On April 25, bears tightened their grip on Dalal Street, with the benchmark indices shedding up to 0.86%, as investors remained concerned about India’s response to the Pahalgam terror attack and its aftermath. Top Gainer: SBILIFE| Top Loser: SHRIRAMFIN
On April 25, bears tightened their grip on Dalal Street, with the benchmark indices shedding up to 0.86%, as investors remained concerned about India’s response to the Pahalgam terror attack and its aftermath. Also read: Indian Markets on Edge: Geopolitics & Earnings Shake Sentiment
The market began the May series on a positive note, with Nifty rising to a day's high of 24,365.45 in the initial hours. However, geopolitical tensions between India and Pakistan weighed heavily on investor sentiment, dragging Nifty down to a low of 23,847.85. Still, buying interest at lower levels, particularly in IT stocks, helped recover some of the losses.
Except for IT, all other sectors ended in the red, with media, metal, PSU, telecom, power, oil & gas, and realty falling by 2-3%.
NIFTY: The index opened flat at 24,289 and made a high of 24,365 before closing at 24,039. Nifty has formed a bearish candle with long lower shadow on the daily charts. Its immediate resistance level is now placed at 24,150 while its immediate support is at 23,900.
BANK NIFTY: The index opened 32 points higher at 55,233 and closed at 54,644. Bank Nifty has formed a bearish candlestick pattern with a lower shadow on the daily charts. Its immediate resistance level is now placed around 54,900 while immediate support is around 54,400.
Stocks in Spotlight
▪ SBI Life Insurance Company: Stock closed 5% higher after the company released its March quarter results. Net profit remained flat at Rs 813.5 crore, while net commission rose over 17% YoY to Rs 997.8 crore.
▪ Mphasis: Stock jumped nearly 3% after the company announced a 4.2% increase in revenue — the highest sequential growth in the past three years. Deal wins during the quarter totalled $390 million — the highest in the last seven quarters.
▪ Patel Engineering: Stock rose over 2% after the company emerged as the lowest bidder for the Rs 1,319 crore Kondhane Dam project from CIDCO.
Global News
▪ European and Asian stocks were on track for a second consecutive week of gains on Friday, while the dollar was poised for its first weekly rise in more than a month. Investors found comfort in signs that the U.S. and China were prepared to ease tensions in their trade war.
▪ Gold prices fell by 2% on Friday, heading for a weekly decline, as the dollar rose and signs of easing U.S.-China trade tensions weighed on bullion. A report that Beijing had exempted some U.S. goods from its tariffs added to the pressure on gold.
▪ Oil prices also dropped on Friday, with a weekly decline of over 2% anticipated. The fall was driven by market expectations of oversupply and ongoing uncertainty surrounding tariff negotiations between the U.S. and China.
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