• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Indian Stock Markets Wrap Up Week On Strong Note As Tariff Fears Ease

OMMCOM NEWS by OMMCOM NEWS
April 12, 2025
in Business
Sensex and Nifty

Mumbai: The Indian stock markets wrapped up the week on a strong note, gaining nearly 2 per cent, as the US decision to defer tariffs for all countries except China eased recession concerns, boosting sentiment and lifting fears of a global slowdown, experts said on Saturday.

As a result, the Nifty index opened with a strong gap-up and tested resistance near the 20-day exponential moving average (DEMA) around 22,900. It then moved in a narrow range before settling at 22,828.55.

Sector-wise, metals, energy, and pharma led the gains, while broader indices also saw a solid rebound, rising between 1.82 per cent and 2.86 per cent.

“The recovery, supported by a continued decline in the volatility index, is a positive sign, though such sharp moves remain challenging to trade. On the index front, a decisive close above 22,900 could pave the way for a retest of the key moving average zone near 23,400,” said Ajit Mishra–SVP, Research, Religare Broking Ltd.

The Sensex jumped 1,310.11 points, or 1.77 per cent, to close at 75,157.26 on Friday. During the day, the index touched an intra-day high of 75,467.33, while it slipped up to 74,762.84.

The Indian rupee found renewed strength, snapping its three-day losing streak against the US Dollar. Bolstered by a weaker Dollar, easing crude oil prices, and the buoyant equity market, the rupee closed significantly stronger by 65 paise at 86.04 against the greenback.

“The breadth of the market was strongly positive, with advancing shares significantly outnumbering declining ones. The advance-decline ratio on the BSE stood at a strong 3.68, marking its highest level since 5 March, 2025,” said Nandish Shah, Senior Derivative and Technical Research Analyst, HDFC Securities.

The positive development in global trade policy shows a surge in small and midcap indices by 2 per cent, reflecting optimism that global supply chains may stabilise and input cost pressures could ease.

“However, such shifting policies make volatility inevitable. As business leaders and investors, one must remain cautious towards sectors heavily dependent on exports for revenue. That said, I remain optimistic about India’s growth journey, as domestically, this could translate into better cost structures and renewed capex confidence,” said Abhishek Jaiswal, Fund Manager at Finavenue.

Looking forward, the 22600-22700 range is expected to provide a near-term support for the Nifty, while the 23000-23100 band is likely to act as the immediate resistance zone on the upside.

The Bank Nifty index opened with a gap-up, maintained strong positive momentum throughout the session, and settled on a bullish note at 51,002. Technically, the Bank Nifty index decisively crossed the key resistance zone of 50,750–50,800 and formed a big bullish candle on both daily and weekly charts, reflecting underlying strength.

“The breakout level of 50,750 will now act as immediate support, and as long as the index sustains above this level, it has the potential to rally towards 51,500–52,000. Hence, traders are advised to adopt a ‘buy on dips’ strategy,” said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. (A Pantomath Group Company).

(IANS)

Tags: Indian stock marketsUS Dollar
ShareTweetSendSharePinShareSend
Previous Post

Two Rape Accused Injured In Police Encounter In Jharsuguda

Next Post

U’khand Tragedy: Car With Haridwar Family Plunges Into Alaknanda River; One Rescued, Five Feared Dead

Related Posts

Business

Set To Invest $15-20 Billion Across Businesses In Next 5 Years: Gautam Adani

June 1, 2025
Business

IndiGo Places Order For Another 30 Wide-Body A350 Aircraft With Airbus

June 1, 2025
Business

India’s GST Collections In May Surge Over 16 Pc To Rs 2.01 Lakh Crore

June 1, 2025
indigo
Business

IndiGo Signs Partnership To Expand Long-Haul Flights To Europe, UK, North America

June 1, 2025
Indian stock markets
Business

RBI MPC, PMI Data, FII Activity, Global Economic Indicators To Drive Stock Market Next Week

June 1, 2025
Business

Indian Bond Market Shines Amid Falling Inflation: Jefferies

May 31, 2025
Next Post

U'khand Tragedy: Car With Haridwar Family Plunges Into Alaknanda River; One Rescued, Five Feared Dead

Ganja

1 Arrested, 1,005 Kg Of Ganja Worth Rs 10 Cr Seized In Koraput

Meta ‘Hand In Glove’ With China, Betrayed American Values: Whistleblower

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.