April 29, 2025
Indices
Note :
- 'Open' prices are based on pre-market indicators and may differ slightly at actual market open.
- Traders are advised to wait for the first 30 minutes of trading to gauge market direction more accurately.
- Always use proper risk management techniques, especially on days with higher volatility.
Top Gainers and Losers : 28-04-2025
Top Gainers
Top Losers
Note :
- Last Price and Change are as of market open.
- Volume represents the number of shares traded in the first 15 minutes of trading.
- 52-Week High and Low are based on the previous trading day's close.
Global Markets Overview: Positive
Major global indices are showing positive trends, indicating a favorable environment for Indian markets.
- U.S. Markets: Dow Jones Futures CFD opened up by 0.23%, S&P 500 CFD index gained by 0.06%.
- European Markets: CAC up by 0.5%, DAX increased by 0.13%.
- Asian Markets: Hang Seng rose by 0.92%, KOSPI index up by 0.81%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
24,039.35
Previous Day Change:
289.15 (1.20%)
Intraday Supports:
Intraday Resistances:
24,546.93
- Nifty 50 shows recovery from a sharp downtrend, entering a consolidation phase near 24,300
- Immediate resistance is around 24,350, with support at 24,120
- Notable volume spike occurred postrecovery, indicating potential buying interest
- A break above 24,350 could signal a bullish continuation targeting 24,500
Bank Nifty Outlook
#StreetOpen
Previous Close:
54,664.05
Previous Day Change:
768.75 (1.41%)
Intraday Supports:
54,202.47
Intraday Resistances:
56,192.57
- Bank Nifty is transitioning from a strong downtrend to a recovery phase with higher highs and lows
- Key resistance is identified around 55,500 with support near 54,800
- Significant volume spikes accompanied the upward momentum indicating strong buying interest
- A break above 55,500 could lead to further bullish movement towards 55,700
Previous Day's Market Breadth
Total Advancing Stocks
1532
Total Declining Stocks
1375
Advance-Decline Ratio
1.114
Get daily predictions and stock updates
Market Breadth
Advancing Sectors
15
Declining Sectors
5
Advance-Decline Ratio
3.0
Sector Rotation Analysis
Key Sector Trends
Finance
FIIs and DIIs continue to buy equities, indicating strong market confidence.
Software & IT Services
India-US trade agreement expected to boost IT exports and attract US investments.
Construction Materials
UltraTech Cement plans significant capex to expand capacity by FY2027.
Automobile & Ancillaries
TVS Motor anticipates growth driven by government infrastructure spending.
Pre-Market News
- RBL Bank:Graviton Research buys 1% stake in RBL Bank on April 28.
- Nifty 50 Index:FIIs turn net buyers for April after 9-day buying streak, invest Rs 2,474 crore.
- Reliance Industries:Reliance Industries surges after posting strong March quarter results.
Stocks to Watch
Wipro
Vorwerk selects company to manage and transform their IT Ecosystem
Adani Total Gas
Q4 net profit up 8.5% at Rs 155 crore Vs Rs 142 crore, QoQ
Hatsun Agro
Q4 net profit down 17.5% at Rs 43 crore Vs Rs 52 crore, YoY
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About Author
Santhosh Kumar V.
Founder, CEO Streetgains
Santhosh is a technical analyst, market researcher, educator and trader with 10+ years of experience. He is an expert in the area of patterns, price and time analysis as it applies to futures, Forex, and stocks.
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