Reliance Industries saw positive momentum in recent sessions, supported by strength in its energy and retail businesses. The company continues to benefit from rising demand across multiple segments.
Indian equity markets closed on a strong note, with the BSE Sensex gaining over 500 points and the Nifty 50 moving above 24,350 levels. Positive global cues and easing geopolitical tensions boosted investor sentiment across sectors.
Gold prices witnessed a noticeable correction, falling by over ₹1,300 per 10 grams in the domestic market. The decline comes after gold recently touched record levels, leading to profit booking by investors.
Global markets saw relief as signs of easing tensions in the Middle East emerged. Reports of a possible ceasefire and renewed negotiations helped calm investor fears.
India has allowed select banks to resume gold and silver imports after delays caused supply disruptions in recent weeks. The government has authorized 15 banks to import precious metals.
NIFTY OUTLOOK: 24353.55 FII 683.20 cr DII -4721.48 cr
(20th April – 24th April 2026)
As we discussed in the previous report dated 13th April 26 market behaviour remained on the expected lines during the week passed by as sellers takes the benefit of buyer’s breather and take the nifty down upto 23555.60.
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