Foreign Institutional Investors (FII) continued their purchase streak, buying shares worth ₹ 8,250 million rupees on April 24, marking their seventh consecutive session of net purchases, their longest streak since December 2023
The reference rates were opened in a mixed note on Friday morning, with selective purchases and insurance stocks that compensate for weakness in banking and infrastructure counters. The Sensex opened to 79,830.15, marginally in front of the previous closure of 79,801.43, but is currently quoted at 79,702.65, below 98.78 points or 0.12 percent. The ingenious fell 32.85 points or 0.14 percent to 24,213.85 at 9.45 am after opening to 24,289.00, compared to its previous closure or 24,246.70.
The cautious openings follow a seven -day winning streak that ended yesterday in the midst of growing geopolitical tensions between India and Pakistan after Pahalgam’s terrorist attack. India has responded by suspending the Indo Water Treaty and diplomatic ties of degradation with Pakistan.
“After an impression of a seven -day winning streak, ingenious experience is a recession of the monthly derivative expiration session, falling 82 points (0.34 percent) to close in 24246, while dating back within the previously settling negotiation range, Saintar Securities.
Insurance actions led the winners, with SBI Life increasing 5.26 percent to ₹ 1,692.80. The specialties showed resistance with increased TCS 1.42 percent and Infosys gaining 1.03 percent. HDFC Life advanced 0.88 percent, while Reliance Industries increased 0.71 percent.
On the loser side, Axis Bank fell 3.49 percent despite exceeding quarterly profits. Adani ports decreased 1.92 percent, followed by Bharat Electronics Limited by 1.70 percent. Bajaj Finance and Adani Enterprises fell 1.69 percent and 1.54 percent respectively.
Foreign institutional investors (FII) continued their purchase streak, buying equites worth 8,250 million rupees on April 24, marking their seventh consecutive session of net purchases, their longest streak since December 2023. Indian markets.
“FPI’s long and short relationship is higher since December 13, 2024, it indicates that the FPIs have begun to cover their shorts in the April series,” Vakil said.
The feeling of the market is reinforced by strong global signals, with the US markets closing higher for the third consecutive day. The Dow Jones industrial average increased 486.83 points (1.23 percent), the S&P 500 won 108.91 points (2.03 percent), and the Nasdaq compound increased 457.99 points (2.74 percent).
“American actions closed higher on Thursday, joined for a third consecutive day with a solid impulse of technological actions. Investors analyzed strong corporate profits and observed signs of progress in the confrontation of the US-China rate,” Vakil explained.
Technically, the market structure is still optimistic but faces immediate resistance. “We believe that the short -term market structure is optimistic, but a new bullish trend is possible only after the dismissal of the resistance zone 24400/80300,” said Shrikant Chouhan, Head Equity Research, Kotak Securities.
When the April series ended yesterday, the May series begins with a record open interest. “In the Shares Future segment, we are starting the May Series with a great open interest of 1150 million shares, compared to the shares of 1145 million rupees at the beginning of the April series,” Vakil said.
In basic products, gold prices extended profits above $ 3,350 per ounce, addressing a third consecutive weekly advance. “Gold prices show a strong setback in Thorsday after the strong sale of Wednesday’s advantage. Metal security appeal was reinforced by skepticism about the progress of commercial conversations between the United States and China,” Rahul Kalantri, Mehta Equitd, said.
Crude oil prices have been recovered amid the hopes of commercial conversation between the United States and China and a lower increase than expected in the inventories of ee. Uu. Uu. Brent Crude quoted higher to almost $ 67 per barrel.
“The market is expected to open with a solid note, promoted by a global demonstration, the continuous purchase interest of foreign institutional investors (FII) and the optimism surrounding a possible commercial agreement of India-United States united after the United States Treasury Agreement, said Repeating, said Born Jain, head of Reliance Securities Research.
Corporate profits have shown mixed results, with Tech Mahindra informing a 77 percent increase in net gains and estimates of overcoming the axis bank despite a slight fall. Meanwhile, Hindustan Unilever and Nestlé published expected results of Waker-Han.
Investors are now observing the results of heavyweight companies such as Reliance Industries, Maruti Suzuki, Cholamandalam Investment, Shriram Finance and L&T Finance, which are scheduled to announce their quarterly numbers today.
Posted on April 25, 2025
