Sensex, Nifty Set to Open Higher as Wall Street Rally, Gift Nifty Premium Boost Market Sentiment

Global optimism, easing US-China tensions, and Trump’s softer stance on Powell fuel Indian market rally. Gift Nifty trades 202 points above previous close.

Mumbai | April 23, 2025:
The Indian stock market is poised for a strong opening on Wednesday, supported by a global equity rally, easing US-China trade tensions, and bullish cues from Gift Nifty, which traded at a 202-point premium around 24,371. This indicates a positive start for Sensex and Nifty 50, following Tuesday’s continued upward momentum.

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The Sensex rose 187.09 points to close at 79,595.59, while the Nifty 50 gained 41.70 points to settle at 24,167.25, marking a sixth straight session of gains.

“Despite some resistance around 24,250, the tone remains positive. Traders should adopt a ‘buy on dips’ approach and focus on earnings-driven momentum stocks,” said Ajit Mishra, SVP – Research at Religare Broking.

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12 Key Market Triggers for April 23, 2025:

1. Global Market Rally

Asian markets followed Wall Street higher:

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• Nikkei 225 surged 1.85%
• Topix jumped 2.09%
• Kospi rose 1.02%
• Hang Seng futures pointed to a strong open

2. Gift Nifty

• Trading at 24,371, about 202 points above Nifty’s previous close.

3. Wall Street Performance

• Dow Jones: +2.66% (1,016.57 points)
• S&P 500: +2.51%
• Nasdaq: +2.71%

Tesla, Amazon, and Apple led gains, with 3M Co up 8.1%.

Also Read: Is This the End of the Salaried Middle Class? Market Expert Predicts Dramatic Shift in Indian Economy

4. Trump’s Comments on Powell

• Trump clarified he has “no intention of firing” Fed Chair Powell.
• Urged for lower interest rates without direct interference.

5. US-China Trade War

• US Treasury Secretary hinted at possible de-escalation.
• No formal talks yet, but sentiment around negotiations is improving.

6. IMF Forecast Cuts

• Global GDP growth forecast for 2025 cut to 2.8%
• India’s FY26 forecast lowered to 6.2%, FY27 to 6.3%

7. RBI Bulletin

• RBI highlighted strong domestic fundamentals and above-normal monsoon forecast.
• India’s economy seen as resilient to global shocks.

8. HCL Tech Q4 Results

• Net profit: ₹4,307 crore (-6.18% QoQ)
• Revenue: ₹30,246 crore (+1.19% QoQ)
• EBIT margin fell 150 bps to 18%
• Declared interim dividend of ₹18/share

9. Tesla Q1 Earnings

• Net profit plunged 71% YoY to $409 million
• Revenue fell 9% YoY to $19.34 billion
• Missed analyst expectations

10. Gold Prices Fall

• Spot gold down 1.2% at $3,340.92/oz
• US futures dropped 2% to $3,349.20

11. Crude Oil Prices Rise

• Brent up 0.79% at $67.97/barrel
• WTI crude surged 1.95% to $64.31/barrel
• Driven by US stock drawdown, new Iran sanctions, and Trump’s Fed comments

12. Dollar Gains

• USD/JPY: +0.75% at 142.68
• USD/CHF: +0.7% at 0.8249
• EUR/USD: down 0.49% at 1.1363

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Tags:

Indian stock market, Sensex today, Nifty 50, Gift Nifty, Wall Street rally, Trump Powell comments, US-China trade war, RBI bulletin, HCL Tech Q4, Tesla earnings, IMF forecast, Crude oil prices