Broader Market Mixed Amid Geopolitical Tensions and Earnings Impact
The broader indices showed a mixed performance in the volatile week ending April 25, 2025, with the BSE LargeCap and MidCap indices registering gains of 0.6 percent and 1.3 percent, respectively, while the BSE SmallCap index ended the week almost flat. Despite gaining momentum during the first three sessions, broader indices were weighed down by rising geopolitical tensions between India and Pakistan following the terror attack in Pahalgam. The BSE Sensex gained 659.33 points or 0.83 percent to close at 79,212.53, while the Nifty50 added 187.7 points or 0.78 percent to finish at 24,039.35. So far in April, both indices have risen by over 2 percent.
Highlights
Sensex and Nifty50 posted 0.83% and 0.78% weekly gains, respectively.
Broader markets gained initially but ended volatile due to geopolitical tensions.
April month-to-date gains exceed 2% for key indices.
Sectoral Movements and FII-DII Activity in Focus
Sectorally, the Nifty Information Technology index rebounded with a 6.5 percent weekly surge, supported by better-than-expected Q4FY25 earnings. Auto stocks followed, gaining 3 percent amid eased concerns over potential tariff wars. Realty and Pharma indices advanced 1.6 percent each, while Media and Consumer Durables indices declined by 2 percent and 1 percent, respectively. Foreign Institutional Investors (FIIs) showed strong buying interest, purchasing equities worth ₹17,796.39 crore, while Domestic Institutional Investors (DIIs) bought ₹1,131.81 crore during the same period, further underpinning market sentiment.
Highlights
IT sector led with a 6.5% weekly rally; Auto sector gained 3%.
FIIs net buyers of ₹17,796 crore; DIIs bought ₹1,131 crore.
Media and Consumer Durables sectors ended in negative territory.
Smallcap Winners: Rajratan Global Wire, Thyrocare Among Top Performers
The BSE SmallCap index saw selective strength, with several smallcap stocks delivering exceptional double-digit returns. Rajratan Global Wire, Thyrocare Technologies, Best Agrolife, Peninsula Land, Carraro India, Aptech, Deccan Gold Mines, and Vardhman Special Steels rallied between 21 to 32 percent during the week. However, there was notable pressure in certain smallcap names as well — Gensol Engineering, Sterlite Technologies, Pearl Global Industries, Blue Star, Syngene International, and others fell between 10 to 22 percent, reflecting a clear stock-specific trend within the smallcap segment.
Highlights
Rajratan Global Wire, Thyrocare, Aptech gained between 21–32%.
Gensol Engineering, Sterlite Technologies declined 10–22%.
Smallcap movements remain stock-specific amid broader market volatility.
Caution Prevails Amid Key Resistance and Support Zones
According to Amol Athawale, VP-Technical Research at Kotak Securities, unless Nifty50 crosses the 24,100/79,300 mark, a corrective phase may persist, with potential downside targets at 23,800/78,500 and even 23,700/78,200. Conversely, a move beyond 24,100 could trigger a rally towards 24,400–24,500 levels. For Bank Nifty, 55,000 is deemed the trend-decider level, with a break below it suggesting retests of the 54,000–53,700 range, whereas a move above 55,000 could open the path to 55,800–56,000.
Rajesh Bhosale, Equity Technical Analyst at Angel One, pointed out that although a time-wise correction seemed likely, heightened geopolitical tensions induced sharper price corrections. Despite this, the structural trend remains bullish, with critical support at 23,900–23,800. If tensions escalate or this support cracks, a deeper correction towards 23,500–23,300 could occur. Resistance lies at 24,250–24,350, and a break above this would reinforce the continuation of the bullish trend.
Highlights
Nifty below 24,100 likely to continue correction to 23,700–78,200.
Bank Nifty’s 55,000 level critical for short-term trend direction.
Structural trend remains bullish, but geopolitical risks pose near-term challenges.
