👉 This market update covers a dramatic trading day for Nifty and key domestic/global economic news. Investors are tracking tariff developments, RBI’s policy meet, and earnings season as potential market movers.
Nifty Market Summary (April 8, 2025)
- Opening: Nifty opened with a strong gap-up of 285 points at 22,446.75, fueled by positive global cues and a US market rebound.
- Intraday Volatility:
- Early surge to 22,550
- Sharp fall of 280 points to 22,270
- Recovered 200 points to break 22,600, hitting an intraday high of 22,697
- Slipped again by 220 points to 22,480, before ending at 22,535.85
- Closing Gain: Up 1.68% for the day
What It Means:
Nifty had a roller-coaster day with wide swings. Despite heavy intraday volatility, the index closed higher, reflecting strong underlying buying interest — possibly due to expectations from RBI’s policy and upcoming earnings.
Broader Market & Sectoral Snapshot
- Market Breadth:
- 2,391 stocks advanced
- 499 declined
- All 12 NSE sectors ended in green – showing widespread buying
- Top Sector Gainer:
- Nifty Media: +4.72%
- Lowest Gainer (but still positive):
- Nifty Bank: +1.31%
Interpretation:
A rare session where all sectors gained — indicating positive sentiment across the board.
Options Data – Support & Resistance (Open Interest)
- Call OI Resistance Zone:
- 23,000 (strongest), then 22,800
- Put OI Support Zone:
- 22,500 (strongest), then 22,200
Note: Call OI = Resistance | Put OI = Support
This suggests Nifty might consolidate between 22,200–22,900 in the near term.
What’s Next? Key Triggers Ahead
- RBI Monetary Policy Decision (Tomorrow)
- Inflation Data Release
- Start of Corporate Earnings Season
- Global Tariff Uncertainty (U.S.-China-EU)
Markets may stay volatile with a directional move expected post-RBI announcement.
India-Specific Developments
- India now 3rd largest wind & solar producer, surpassing Germany
- LPG price hiked ₹50/cylinder, excise on petrol/diesel up by ₹2 despite lower crude prices
- Foreign investors pulled ₹9,000+ crore from equities in April
- BEL gains 3.44% after ₹2,210 crore defence order
- Loan defaults:
- Coffee Day: ₹425 crore
- IL&FS Engineering: ₹2,628 crore
Global Market Headlines
- China vs. U.S. Trade War Escalation: China calls U.S. tariff threats “blackmail”
- Brent crude < $64, lowest since 2021
- Gold > $3,000/oz, safe-haven demand rises
- US Dollar Index drops, inflation & tariff fears grow
- Japan’s record current account surplus, driven by exports
- Australia’s consumer sentiment dips, global trade fear looms
Management Reactions
- Volvo Eicher CEO: US auto tariffs won’t hit India hard, but component exports could suffer
- Piyush Goyal: India plays fair in global trade, rejects China’s opaque model
- JP Morgan CEO Jamie Dimon: Tariff escalation could cause long-term alliance damage
Key Lesson from Today’s Market
Volatility = Opportunity if managed with discipline.
Investors should stay cautious before RBI’s decision, but broad-based buying shows strength in the market’s core. Avoid panic in intraday swings; focus on macro cues, support-resistance levels, and sectoral leadership.
Nice and valuable information
Many many thanks Sir