Daily Market Wrap | April 22, 2025

Indian equity markets maintained their bullish momentum for the sixth consecutive session on Tuesday, with both the Nifty 50 and Sensex inching higher to close at their highest levels since January 2025. While frontline indices ended with modest gains, the standout performer of the day was the Bank Nifty, which surged to a new record high.

Market Highlights

Nifty 50 rose 41 points (0.17%) to close at 24,167, marking its highest closing since January 2025. Sensex added 187 points (0.24%) to settle at 79,595. Bank Nifty gained 0.62%, clocking its fastest-ever 5,000-point rally — from 50,000 to 55,000 in just 218 trading sessions, driven by strong sentiment and regulatory relief on RBI’s LCR norms.

Kotak Mahindra Bank hit a fresh 52-week high, powering sectoral gains. However, IndusInd Bank slid nearly 5% following reports of a forensic audit, dampening overall sentiment in the stock.

Sectoral & Broader Market Overview

Midcap and Smallcap indices continued to build on recent gains, up 0.78% and 0.73%, respectively. Out of the 17 sectoral indices, 13 closed in the green, with FMCG, Financial Services, and Consumer Durables leading the charge.

Top Nifty 50 Gainers:

HDFC Bank ITC Hindustan Unilever

Top Drags:

Infosys Bharti Airtel Reliance Industries

Market Breadth

1,834 stocks advanced, 1,059 declined, 93 remained unchanged on the NSE. 71 stocks hit fresh 52-week highs, while only 11 touched 52-week lows — highlighting strong underlying market sentiment.

Technical Snapshot

Despite some rangebound activity in the Nifty and an indecisive daily candle, the index continues to trade well above its 200-day moving average, keeping the short-term bullish trend intact.

Volume activity remained solid in Nifty futures, while Bank Nifty traded near average volumes, reflecting steady participation.

The prevailing market approach: “Buy on dips”.

Commodities Check

Gold prices remain elevated on global concerns, trading at $3,490 per ounce. Given the sharp rally, partial profit booking may be prudent at current levels.

Global Economic Calendar: April 23–26, 2025

Stay alert to key global triggers this week:

April 23 (Wed): UK Consumer Price Index (CPI) U.S. Manufacturing & Services PMI April 24 (Thu): U.S. Initial Jobless Claims April 25 (Fri): Germany Ifo Business Climate Index Japan National CPI April 26 (Sat): China Industrial Profits (YTD)

Will Bank Nifty’s rally from 55,000 to 60,000 be even faster?

Watch our [YouTube video] for expert insights, chart breakdowns, and what to watch out for next in this fast-moving market.

Stay informed. Stay ahead.