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Market Highlights

Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

April 02, 2025

  • Daily Morning Report – Date: 2nd April 2025
  • NIFTY OUTLOOK: 23,165.70 FII: -Rs. 5,901.63 cr | DII: Rs. 4,322.58 cr
  • As discussed yesterday, the market moved as expected, witnessing a sharp decline to 23,136 following a decisive breakdown of 23,456 due to a bearish reversal pattern.
  • A long bearish candle with an upper wick on the daily chart indicates strong selling pressure, suggesting further weakness ahead. If the downward trend continues, Nifty may test levels of 23,096–23,027. A sustained break below these could extend the decline to 22,957–22,889–22,877.
  • On the upside, 23,235–23,321 may act as immediate resistance. A breakout above these levels could push Nifty towards 23,373–23,443.
  • Bank Nifty Outlook
  • Spot: 50,827.50 | PCR: 0.90 | Max CE OI: 53,000 | Max PE OI: 53,000
  • On 1st April 2025, Bank Nifty closed at 50,827.50, down 1.43% from the previous session. The index moved 941 points intraday, hitting a high of 51,683.85 and a low of 50,742.00.
  • For today's session, the previous high of 51,683.85 may act as resistance, while the low of 50,742.00 could serve as support.
  • Technical View on Daily Chart
  • Key levels for Bank Nifty: Resistance at 51,300, Support at 50,200.
  • On 1st April, the index closed below the strong support of 50,900 and the 200-DMA (51,015.60). If it continues to trade below these levels, further downside towards 50,200, followed by 49,200, is possible.
  • However, if the index crosses 51,300 and sustains, it may move towards 52,063.
  • The Relative Strength Index (RSI) for Bank Nifty stands at 59.87 (oversold below 30, overbought above 70).
  • Macro:
  • 1. Dollar index @ 103.845.
  • 2. Vix @ 22.22.
  • 3. Crude @ 74.56.
  • 4.10 years bond yield @ 4.157.
  • Note: As expected, high volatility and a negative trend continued in US markets. Crude, which was predicted to rise to $75 when it was at $69, has followed the expected trajectory. A stronger dollar index and concerns over Trump’s tariffs are driving bullion prices higher, with gold and silver continuously hitting new highs.
  • Gold is expected to see some profit booking after the tariffs are announced, with a potential correction of $130-$170. Global equities remain volatile as Trump's so-called liberal day approaches, warranting caution.
  • Contributed by
  • Ashok bhandari : INH000019549
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  • SANDHAR TECH : Sandhar Ascast, a subsidiary of Sandhar Technologies, has acquired Sundaram-Clayton Limited’s high and low-pressure aluminum die-casting business at its Hosur plant for ₹163 crore.
  • The deal expands Sandhar’s capabilities, strengthens its market position, and enhances its product portfolio in the die-casting sector.
  • SANDHAR TECH; Sandhar’s acquisition of SCL’s aluminum die-casting business at Hosur strengthens its position in the automotive sector, expanding into Low Pressure Die Casting (LPDC) while enhancing its High Pressure Die Casting (HPDC) capabilities.
  • This move broadens its product portfolio, increases market reach, and drives innovation, solidifying its leadership in die-casting technologies.
  • mp is planning an executive order that would ease rules that limit weapons exports - Sources.
  • Fitch Ratings: US housing economy growth to slow with tariff and labor supply risks
  • Pieter Elbers, CEO, IndiGo on Airfares and Expansion Strategy
  • "Ticket prices should be a reflection of cost levels. IndiGo is expanding its foundation value of offering affordable rates."
  • "The occupancy levels on business class have been as per our expectations. We are working with partners to get our customers attached to this new product."
  • "We did some forex hedging last year, but hedging cannot be looked at on a sequential basis. We expect a different impact of forex in the fourth quarter compared to the third
  • https://www.ndtvprofit.com/business/indigo-offering-affordable-tickets-but-cost-needs-to-be-factored-says-ceo-pieter-elbers
Panchkarma