Stock Market Today: The corrective wave may reach 23800 and 23700 as long as the Nifty 50 Index remains below 24100. On the other hand, analysts predict that a breach over 24100 might alter market sentiment and cause a surge to 24400–24500.
The benchmark Nifty-50 index ended the week of April 25, 2025, at 24,039.35, up 0.8% from the previous week. While IT was a major gainer with strong support from Auto Realty and Pharma, the Bank Nifty also saw a 0.6% increase to 54,664.05. FMCG was one of the major losers. However, the wider indices increased by 0.80% to 1.7%.
Monday’s Trade Setup
The correction wave may continue to 23800 and 23700 as long as the Nifty 50 Index remains below 24100. Amol Athawale, VP-Technical Research at Kotak Securities, stated that a breach over 24100 would alter market sentiment and cause a surge to 24400–24500. He stated that the trend-decider level for short-term traders on the Bank Nifty will reach 55000.
International Markets and Q4 Outcomes
The start of a new month coincides with the approaching holiday-shortened week. On the macroeconomic front, investors will be closely monitoring the HSBC Manufacturing PMI Final and Index of Industrial Production (IIP) statistics in addition to the monthly vehicle sales data. According to Ajit Mishra, SVP, Research at Religare Broking Ltd., geopolitical events between India and Pakistan will continue to be monitored in the meantime.
Companies such as BPCL, IOC, Kotak Mahindra Bank, SBI, Bajaj Finance, TVS Motor, and UltraTech Cement are scheduled to disclose their corporate earnings this week. Updates on trade and tariffs will also be attentively monitored on a global scale.
Conflict between India and Pakistan
The Indian market may become more volatile in the coming days due to geopolitical developments between India and Pakistan, according to Siddhartha Khemka, Head of Research – Wealth Management at Motilal Oswal. In the meanwhile, following ongoing Q4 earnings reports, stock and sector-specific activity would continue.
Stocks to purchase today
Choice Broking Executive Director Sumeet Bagadia has suggested two stocks for today. Three stocks were recommended by Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, while three stock selections were made by Shiju Koothupalakkal, Senior Manager — Technical Research, at Prabhudas Lilladher.
Among them are Delhivery Ltd., Archean Chemical Industries Ltd., Hexaware Technologies Ltd., Jindal Saw Ltd., Indian Energy Exchange Ltd., Cholamandalam Financial Holdings Ltd., and Thyrocare Technologies Ltd.
