Stock Market Opens Higher Amid India-US Trade Deal Buzz; Bank Nifty Surges Over 850 Points
Mumbai | April 22, 2025: The Indian stock market opened on a strong note Monday, buoyed by optimism around a potential India–US trade deal and positive global cues. Early trade saw sharp gains in IT, PSU banks, and financial services, lifting key indices.
At 9:29 AM, the Sensex was up 396.06 points (0.50%) at 78,949.26, while the Nifty gained 98.20 points (0.41%) to touch 23,949.85.
The Bank Nifty surged 862.25 points (1.59%) to 55,152.45, led by large private sector banks hitting all-time highs. Nifty Midcap 100 and Nifty Smallcap 100 also posted steady gains.
“Positive earnings, stable macro outlook, and US VP JD Vance’s India visit are fueling trade optimism,” said market experts.
Market analysts forecast:
- Nifty support levels: 23,700 → 23,600 → 23,500
- Nifty resistance: 24,000 → 24,200 → 24,500
- Bank Nifty support: 54,000 → 53,700
- Resistance: 54,700 → 55,000
Top Gainers (Sensex):
Tech Mahindra, Infosys, HCL Tech, HDFC Bank, Axis Bank, ICICI Bank
Top Losers:
Asian Paints, HUL, Titan, Sun Pharma, UltraTech Cement
Meanwhile, foreign institutional investors (FIIs) bought equities worth ₹4,667.94 crore, while domestic institutional investors (DIIs) sold ₹2,006.15 crore on April 17.
Global Trends:
- Dow Jones fell 1.33%
- S&P 500 rose 0.13%
- Nasdaq dipped 0.13%
Mixed trends in Asian markets, with China and Bangkok in green, while Japan, Jakarta, and Seoul traded in red.
