POST-MARKET SUMMARY 2nd April 2025

On April 2, Indian benchmark indices bounced back breaking a two-day losing streak, as broad-based buying lifted the market. Investors eagerly awaited US President Donald Trump’s tariff announcement, which kept market sentiment cautious yet hopeful. Despite mixed global cues, the market opened on a positive note and continued to rise throughout the day, closing near the day's high. 

 Sectorally, all indices ended in the green, with FMCG, Consumer Durables, and Realty leading the charge, gaining 1-3% each.

NIFTY:  The index opened 27 points higher at 23,192 and made a high of 23,350 before closing at 23,332. Nifty has formed a bullish candle resembling an Inside Bar or a Bullish Harami-like pattern on the daily chart. Its immediate resistance level is now placed at 23,420 while its immediate support is at 23,240.

BANK NIFTY: The index opened 139 points higher at 50,966 and closed at 51,348. Bank Nifty has formed a bullish candle on the daily chart. Its immediate resistance level is now placed around 51,500 while immediate support is around 50,150.  

Stocks in Spotlight

▪  Godrej Properties: Stock surged 5% following the company’s announcement of 275 homes being sold at the launch of a luxury project in Noida, valued at over ₹2,000 crore.

▪  One 97 Communications: Stock gained over 2% after the payments and financial services platform partnered with the Greater Hyderabad Municipal Corporation (GHMC) to revamp property tax collection in the city.

▪  Hyundai Motor India: Stock dropped more than 1% after the auto major reported modest sales growth for March 2025 with total sales rising just 2.6%, reaching 67,320 units.

 Global News 

▪  Asian markets closed nearly flat on Wednesday, following modest gains in the previous session, as strength in the technology and financial sectors was offset by weakness in property and consumer stocks.

▪  European markets were lower on Wednesday as investors braced for a raft of fresh trade tariffs expected to be announced by U.S. President Donald Trump’s administration.

▪  Oil prices eased on Wednesday, with Brent futures down 0.6% at $74.06 a barrel, while U.S. crude futures fell 0.55% to $70.81 a barrel.

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