SOURCE : NEW18 NEWS
Last Updated:April 24, 2025, 09:22 IST
Stock Market Today: Indian stock markets looked poised for a muted start on Wednesday, amid turmoil on the domestic front
Sensex Today
Sensex Today: Indian benchmark equity indices opened on a muted note Thursday, as investors reacted cautiously to the government’s announcement of diplomatic and economic measures against Pakistan. The steps follow a deadly terrorist attack in Pahalgam, Jammu & Kashmir, which claimed 26 lives. The BSE Sensex opened 171.85 points, or 0.21%, lower at 79,944.64, while the Nifty50 slipped 47.95 points, or 0.2%, to 24,281.
Aside from geopolitical developments, investors are also closely monitoring the expiry of monthly Nifty F&O contracts, which tends to inject volatility into the markets. Additionally, market participants await fourth-quarter earnings reports from key companies, including Tech Mahindra and Nestle India, which could drive stock-specific action.
related stories
Ajit Mishra, Senior Vice President of Research at Religare Broking, remains optimistic on the Nifty, advising a “buy on dips” strategy. He pointed out that the index has strong support in the 23,700–23,800 range. Mishra also emphasized that a focus on stock-specific opportunities could prove more beneficial, especially if the index enters a phase of consolidation.
Adding to the broader market narrative, Kunal Vora, Head of India Equity Research at BNP Paribas Bank, noted that India’s appeal to global investors has improved recently. Despite uncertainties stemming from US trade tariffs, he said India’s steady GDP growth and corporate earnings recovery make it an attractive destination compared to other global markets.
Global Cues
Globally, US stocks rallied on Wednesday. The Dow Jones Industrial Average rose 1.07% to close at 39,606.57, while the S&P 500 gained 1.67% to 5,375.86. The Nasdaq Composite saw the biggest jump, climbing 2.50% to finish at 16,708.05. Futures activity was mixed early Thursday, with S&P 500 futures edging up 0.08%, Nasdaq 100 futures remaining flat, and Dow futures dipping 0.15%.
In the Asia-Pacific region, markets opened on a mixed note. Japan’s Nikkei 225 gained 0.89%, Australia’s S&P/ASX 200 rose 0.59%, while South Korea’s Kospi slipped 0.41%. Hong Kong’s Hang Seng Index was down 0.10%, and China’s CSI 300 declined 0.16%.
