The reference rates ended their winning streak of seven days on Thursday, with the Sensex closing 315.06 points or 0.39 percent lower than 79,801.43, while the NIFTY 50 decreased 82.25 points or 0.34 percent to 24,246.70.
Hindustan Unilever Limited (Hul) emerged as the largest lagging between blue chip stocks, looting 4.12 percent to ₹ 2,324 after disappointing quarterly results. The low performance of the FMCG giant weighed a lot in the sector, which fell more than 1 percent over the session.
“After an impression of a seven -day winning streak, the ingenious experiment is a recession of the monthly derivative expiration session, falling 82 points to close in 24246, while dating back within the technical values of Rangebani, of the previous day, the values of Vinay Rajani HDFC.
Indusind Bank emerged as the main winner in the NSE, climbing 3.17 percent to ₹ 819.35, followed by ultratech cement that increased 1.89 percent to ₹ 12.175. Other notable winners included Grasim Industries (1.67 percent to ₹ 2,730.50), Dr. Reddy’s laboratories (1.59 percent to ₹ 1,204.90) and Cipla (1.32 percent to ₹ 1,554).
Among the main losers, Bharti Aircel fell 1.89 percent to ₹ 1,846.10, Eicher Motors fell 1.88 percent to ₹ 5,632, Icici Bank decreased 1.64 percent to ₹ 1,401, and eternal continued with a decrease of 1,02 percent.
The sectorial performance was mixed, with the ingenious pharmaceutical index that increased the trend and gained almost 1 percent, while other sectors such as the car, the couch, the Realty and the Realty ended in red with losses between 0.4 percent and 1.4 percent.
“The markets touch a respite in today’s session with all the main indices that end up lower. Although global commercial developments were optimistic with the decalcalance of the signing of the United States with China, the internal approach remained in Lastetas De destck.
The weakness also extended to broader markets, with the Nifty Midcap 100 submerged 0.13 percent to 54,969.85. The general market amplitude remained negative with 2,063 actions in decline against 1,887 advances in the EEB. The seventy -five shares reached their maximums of 52 weeks, while 25 touched their minimum of 52 weeks.
The rupee appreciated 16 lands against the US dollar to settle at 85.26, resuming its upward trajectory.
According to Shrikant Chouhan, head of equity research at Kotak Securities, “the current market texture is not directional; therefore, level -based trade would be the ideal strategy for daily merchants.” He added that the market could move up to 24,450-24,500 levels if it breaks over the resistance of 24,350, but could face a 24000 correction if it falls below 24,200.
Technical analysts maintain an optimistic perspective despite the losses of the day. “The index has formed a small bear candle that remained locked in the previous session price range that indicated the consolidation after a recently strong movement,” Bajaj Broking Research said in his market comment. Its analysis points to possible upward goals of 24,550 and then 24,850 in the next week, provided that the market is maintained above the minimum of Wednesday of 24,120.
Looking towards the future, market observers expect the consolidation phase to continue before the next section of ascending movement begins. “Since the key oscillators continue to float in the Overbough area, a consolidation phase can persist before the next section of the rupture begins,” Rajesh Bosale de Angel One said, suggesting a probable commercial range of the nearby. Merchants are advised to maintain a positive bias and consider buying in Dips towards the key support levels as the fourth quarter earning season progresses.
Posted on April 24, 2025
