Synopsis : Markets stayed buoyant on Tuesday with Sensex climbing nearly 400 points and Nifty hitting 24,235. Gains in midcaps, smallcaps, PSBs, and FMCG stocks fueled optimism despite global market softness.
Indian equities extended their bullish run on Tuesday, April 22, 2025, with benchmark indices defying global cues to clock fresh gains. By 11 AM, the BSE Sensex surged 386.82 points or 0.49% to 79,795.32, while the Nifty50 added 109.60 points, or 0.45%, reaching 24,235.15.
The broader markets outperformed, with the Nifty Midcap 100 rising 1.09% and the Nifty Smallcap 100 gaining 1.12%, highlighting continued investor interest in SMID (small- and mid-cap) segments.
Key sectoral drivers included PSU Banks, FMCG, and select midcap plays, all contributing significantly to the day’s rally. The resilience comes in spite of weakness in global markets, suggesting strong domestic undertones.
Traders are also watching closely for Q4 earnings, with results due today from HCLTech, Delta Corp, and Cyient DLM, among others. This week’s earnings will be pivotal in shaping near-term market direction and investor sentiment.
According to Anand James, Chief Market Strategist at Geojit Financial, Nifty has reached its upper Bollinger Band in just eight sessions—a sign of momentum, but also of potential volatility ahead. He noted that while immediate resistance lies near 24,280–24,380, failure to hold 24,050 could see a pullback toward 23,870.
Meanwhile, Nomura has upped its Nifty target for March 2026 to 24,970, revising its previous forecast of 23,784 for December 2025. The firm now values the Nifty at 19.5x FY27 earnings estimates of ₹1,280.
With strong earnings, rising domestic participation, and solid support from SMID and financial stocks, India’s markets are charting their own course — and inching closer to that coveted ₹5 trillion market cap milestone.
Disclaimer : This article is for informational purposes only and does not constitute financial advice. Readers are advised to consult with a certified financial advisor before making any investment decisions.
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