Markets soar as Nifty breaks past 23850! Major private bank earnings, strong FII inflows, and RBI rate cut optimism drive bullish momentum.
Full Description:
In today’s episode of Indian Market in Minutes from the Motilal Oswal Research Desk, host Shivangi Sarda delivers a crisp overview of market movers and what to expect this week.
We discuss how ICICI Bank and HDFC Bank's Q4 results are fueling optimism, along with easing inflation now at a 6-year low of 3.34%. With FIIs net buying ₹4668 crores, a favorable monsoon forecast, and the USD index falling below 99, the market is well-positioned for growth.
📌 Highlights:
- Nifty hits 23850, forming strong bullish candles
- India VIX drops 2.51%, indicating lower volatility
- FIIs Long-Short Ratio climbs to 29.52%
- Key support/resistance levels for Nifty & Bank Nifty
- Top gainers: ICICI Bank, Reliance, Sun Pharma, ABB India
- Stocks under pressure: Wipro, Paytm, Divis Lab
🎯 Technical insights and sector outlook to help you plan your next move in the markets.
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[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Test. We will be covering technical and derivatives, SII's activity, index, actionable sectors and stocks to watch out. So stay tuned till the end. Hey, this is your host Shivangi Sarada and let's look at what happened globally.
[00:00:26] The market is expected to open on a positive note driven by stronger than expected Q4 results from major private banks like ICICI Bank and HDFC Bank. Investor sentiments have also been lifted by continued buying interest from the FIIs, easing inflation which has dropped to a six-year low of 3.3%, rising hopes of a rate cut by the RBI and a favourable Monsoon forecast from the IMD.
[00:00:54] Additionally, the US dollar index has slipped below 99 for the first time in three years which is further supporting the market optimism. To start with our first segment for Monday 21st April 2025, Nifty Index opened positive and escalated throughout the day to skyrocket above 23,850 levels. It moved by more than 550 points during the day and closed at its higher band, signifying the strength of the bulls.
[00:01:22] Despite being a truncated one, it moved by 665 points in the week and has been making higher lows from the last six trading sessions. It has formed a big bullish candle on the daily as well as weekly frame. India Wix was down by 2.5% to 14.5 levels. Nifty put call ratio increased to 1.17.
[00:01:44] Option data suggests a broader trading range in between 23,300 to 24,400, while immediate range could be in between 23,700 to 24,100 levels. Moving on to the second segment in the equity cash market, FIIs were net buyers to the tune of 4,668 crores, while DIIs were sellers worth 2,600 crores.
[00:02:11] FIIs index long-shot ratio increased to 29.5%. Going ahead with the index actionable, debatives data and price setups suggest, Nifty has to hold above 23,750 for the next up move towards 24,000 and 24,250, while supports have shifted higher to 23,500 marks.
[00:02:33] Bank Nifty has to hold above 54,000 for the next up move towards a new lifetime high level of 55,000 zones, while support can be seen at 54,000 zones. And finally, talking about the sectors and stocks to watch out, positive setup can be seen in Delivery, Eternal, ABB India, Bharti Airtel, Sun Pharma, Bajaj Pintsev, Kotak Bank and Reliance.
[00:02:58] While some weeklies could continue in Wipro, LTI Maintree, Paytm, Glenmark, DV's Lab and Sale. Wish you a super day ahead. Shivangi Saada signing off. Follow this podcast for solid advice.
[00:03:24] Investment and securities market are subject to market risk. Read all the related documents carefully before investing. As you and as you can see us, the campaign can be used in Wipro, which is a very ideal example of having a diesen and 30 ticks,