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On April 24, 2025, the Indian stock market displayed some upside for positive momentum as corporate earnings came out strong, sectors gained specificity in their trends, and global cues contributed weight to investor sentiments. The benchmark indices—Sensex and Nifty 50—opened in the red and traded weakly initially but gained strength by afternoon on account of buying interest in IT, FMCG, and selective banking stocks.
Market Overview
The BSE Sensex opened at 79,958 and is currently trading around 80,116, reflecting a gain of over 500 points from the previous close. There is still intraday momentum in favor of the bulls, led by advances in frontline IT and consumer stocks.
NSE Nifty 50 opened at 24,288 and is now trading above 24,300, showcasing a lot of resilience hovering near record highs.
The markets fell momentarily in early trade, barring some mixed global cues and mild profit-booking, before recovering as investor confidence began to improve. Earnings from major players are supportive of the bullish sentiment, boosted further by foreign inflows.
Sectoral Performance
Information Technology (IT)
The IT industry is gaining major strength across the indices. HCL Technologies is up by 8%, having given a stronger-than-expected revenue growth outlook for FY26. This bullish view from HCL seriously beats that of its peers Infosys and Wipro, giving a sharp thrust to the sector.
Fast-Moving Consumer Goods (FMCG)
Hindustan Unilever Limited (HUL) announced its Q4 with a 3.7% year-on-year increase in net profits to ₹2,493 crore. Its revenues increased to ₹15,214 crore, aided by steady growth in volumes and margin improvement; the company also announced a final dividend of ₹24 per share, bringing the FY25 total payout to ₹53. The entire FMCG pack has gained after a positive response from investors.
Banking and Finance
The banking sector managed an uneven trade. Private lending started to face pressure, while Bajaj Housing Finance rallied, posting a 4% rise after announcing a 54% increase in net profit to ₹587 crore amid loan book expansion and significant interest income.
Consumer Goods
Tata Consumer Products recorded a huge surge of 59.19% in net profit at ₹344.85 crore for the Q4 FY25. The Company generated revenues from operations of ₹4,608 crore, which represents a year-on-year growth of 17.35%. The Company is witnessing strong domestic demand and margin improvements, boding well for its stocks and others in the sector.
Corporate Developments
Bajaj Finance
All eyes are back on Bajaj Finance on indications of the meeting of the board on April 29. A special interim dividend would also be on the list of articles to be discussed in this meeting, along with a stock split and a bonus issue. A positive sentiment was instilling on the stock due to this announcement.
LTIMindtree
The company’s subdued Q4 results remained downcast while brokerage sights remain hopeful. A prominent brokerage has now put a ‘Buy’ with a price target worth ₹5,150, citing strong fundamentals and long-term growth potential.
BPCL (Bharat Petroleum Corporation Ltd.)
BPCL partners with GPS Renewables to establish Compressed Biogas (CBG) plants nationwide. The joint venture aims to expand clean energy infrastructure by using advanced waste-to-energy technologies. The initiative aligns with national goals for sustainability and energy independence.
Global and Domestic Influences
Global Markets
Global sentiment improves after U.S. President Donald Trump confirms that Federal Reserve Chair Jerome Powell will complete his term. Wall Street ends on a strong note with the Dow rising over 1%, the S&P 500 advancing by 1.6%, and the Nasdaq jumping by 2.5%. The uptick in U.S. indices provides a strong backdrop for Indian equities.
Foreign Institutional Investors (FIIs)
FIIs continue to display confidence in Indian markets. On April 23, they remain net buyers with inflows exceeding ₹3,300 crore. Their sustained interest supports the rally across blue-chip and mid-cap stocks. Meanwhile, domestic institutional investors (DIIs) book profits, resulting in net sales of over ₹1,200 crore.
Currency Movement
The Indian rupee depreciates slightly, trading around 85.42 against the U.S. dollar. Global currency market volatility and widening trade balances contribute to the downward pressure, but the movement remains within a controlled range.
Market Sentiment and Outlook
Market sentiment remains cautiously optimistic. Strong quarterly earnings, supportive global cues, and sustained FII flows provide a firm foundation for ongoing gains. Analysts expect the Nifty 50 and Sensex to maintain upward momentum if earnings continue to beat estimates and external risks stay in check.
However, volatility could resurface ahead of key U.S. economic data, crude oil price fluctuations, and further corporate announcements. Investors keep an eye on developments related to U.S. interest rate policy and China’s economic activity, both of which influence global equity flows.
As trading continues on April 24, 2025, the Indian stock market shows resilience with broad-based buying and sectoral strength. IT and FMCG stocks drive gains, while select financials provide stability. Corporate earnings remain the key driver, and global factors offer additional support. Market participants await further clarity from upcoming board meetings, economic indicators, and global trends to shape the near-term direction.
