Daily Market Wrap | April 24, 2025

After a powerful seven-session sprint, the Indian equity markets finally took a breather. On the monthly derivative expiry day, the Nifty 50 eased 82 points (-0.34%) to end at 24,246, snapping its winning streak but still holding well above key levels. The Sensex hovered near 80,000, reflecting a day of consolidation amid profit booking.

Key Highlights of the Day

Nifty 50: 24,246 (▼82 pts) Sensex: Minor dip, steady around 80,000 Rupee: Firmed up by 16 paise to ₹85.26/USD, marking continued strength NSE Cash Market Turnover: Slipped 7% from the previous day

Sectors in Spotlight

While some sectors cooled off, others held strong:

Gaining Ground: Pharma, Metals, Media Under Pressure: Realty, FMCG, Financial Services

The Bank Nifty, after its record-breaking run, saw selective profit booking.

What’s Happening in the Broader Market?

Nifty Midcap 100: ▼0.23% Nifty Smallcap 100: ▼0.17% Market Breadth (NSE): Advances: 1,404 Declines: 1,441 Unchanged: 85 52-Week Highs: 42 52-Week Lows: 13 Upper Circuit: 117 stocks Lower Circuit: 13 stocks

Despite the index-level dip, strong activity in circuits and fresh highs reflects ongoing investor interest and stock-specific momentum.

Chart Watch: A Candle with a Caution Sign?

After a stunning 2,600-point rebound from April 7 lows, Nifty formed a “Hanging Man” pattern in the previous session—often a cautionary sign of potential short-term exhaustion. Traders may look for confirmation before calling a trend reversal.

Want the full technical breakdown? [Watch our detailed YouTube analysis here – April 24, 2025]

Global Economic Calendar | Eyes on the Horizon

Thursday, April 24

US Durable Goods Orders (March) US Initial Jobless Claims

Friday, April 25

Germany: Ifo Business Climate Index UK: Retail Sales Data Japan: National CPI

Saturday, April 26

China: Industrial Profits YTD

Closing Bell: Cool-Off or Cue for Caution?

The rally took a back seat today, but the undertone remains optimistic. Market participants are now watching for confirmation on the charts and keeping tabs on upcoming global data. In this environment, stock selection and disciplined risk management will be key.

Want to know where the market heads next?

Catch our expert view in the evening wrap on YouTube.

Stay sharp. Stay invested.