Indian Stock Market Update – April 23, 2025

Executive Summary:
Indian benchmarks extended their winning streak to seven days, led by strong rallies in IT and Auto sectors. The Sensex and Nifty both closed near fresh highs, while midcaps and smallcaps outperformed. Volatility ticked up modestly, and domestic institutions remained net buyers even as foreign flows were muted. Positive U.S. cues—particularly tariff-relief optimism—helped underpin sentiment.

Market Overview

• BSE Sensex: 80,116.49 (+520.90 / +0.65%)

• Nifty 50: 24,328.95 (+161.70 / +0.67%)

• Nifty Bank: 55,370.05 (–277.15 / –0.50%)

Sectoral Performance

• Nifty IT: jumped 4.34% on the back of strong Q4 guidance, led by HCLTech and Tech Mahindra

• Nifty Auto: gained 2.38%, with Tata Motors up over 4.6% and Mahindra & Mahindra adding 3.6%

• Nifty PSU Bank: fell 0.57%, reflecting profit-booking in several state-owned lenders

• Consumer Durables Index: down between 0.5–1%, marking selective profit-booking after recent gains

Broader Market Indices

• Nifty Midcap 100: 55,041.10 (+643.95 / +1.18%)

• Nifty Smallcap 100: 16,969.75 (+31.31 / +0.19%)

Volatility

Volatility edged higher, with India VIX spiking 3% to around 15.8, signaling slightly elevated investor caution

FII & DII Activity

Period

FIIs Net (₹ crore)

DIIs Net (₹ crore)

April 22, 2025 (session)

+ 1,290.43

– 885.63

April 1–22, 2025 (MTD)

– 16,711.05

+ 20,478.62

Data as per latest cash-segment trading activity.

Global Cues

• Dow Jones Industrial Average: rose 2.66% to 39,186.98, driven by tariff-relief hopes

• U.S. Futures: Dow futures jumped 1.93%, reflecting optimism on easing U.S.-China trade tensions

· Outlook

The sustained rally underscores strong domestic participation and sector-specific leadership, notably in IT and Auto. However, muted foreign inflows and higher volatility warrant caution. Key drivers to watch include U.S.-China trade developments, Q1 FY 2026 corporate earnings, and central‐bank policy signals both in India and abroad. Continuous monitoring of these factors will be essential to assess the rally’s durability.