Weekly Trend Report
- 15th April 2025
Week Gone By
The Indian stock market ended the shortened trading week with moderate losses, largely due to rising global trade tensions and mixed investor sentiment. Throughout the week, the market was volatile, with traders reacting to uncertain global cues—especially concerns around new tariffs from the U.S. However, there was a sharp turnaround on Friday when U.S. President Trump announced a 90-day pause on imposing new tariffs. This move provided temporary relief to global markets, helping Indian indices recover some lost ground. Domestically, the Reserve Bank of India also played a supportive role by cutting the repo rate by 25 basis points to 6%, aiming to boost liquidity and support economic growth.
Despite these positive developments towards the end of the week, the benchmark indices still closed in the red. The Sensex dropped by 207 points (0.28%) to end at 75,157, and the Nifty slipped 75 points (0.33%) to close at 22,828. Broader market indices also showed weakness, with the BSE Mid-Cap falling 0.58% and the BSE Small-Cap down 0.15%. Investors are now closely watching the upcoming corporate earnings and any further policy changes globally, especially from the U.S., which could continue to influence market sentiment in the coming days.
ered by President Trump’s unexpected tariff hike. This move led to a sharp decline in global markets. Despite the volatility, Moody’s projected India’s growth at 6.5%, reflecting resilience. The RBI announced an Rs 80,000 crore Open Market Operation to boost liquidity. The domestic equity benchmarks extended their losing streak for the second consecutive session on Tuesday, The S&P BSE Sensex tanked 1,390.41 points, or 1.80%, to 76,024.51. The Nifty 50 index tumbled 353.65 points, or 1.50%, to 23,165.70. On the macroeconomic front, the US ADP National Employment Report showed that private payrolls increased by 155,000 in March, following an upwardly revised 84,000 gain in February—a sign that the labor market remains resilient despite economic uncertainties.
Week Ahead
The upcoming shortened trading week is likely to be volatile, with market direction heavily influenced by global developments—especially the progress or setbacks in the ongoing US-China trade talks. These negotiations could significantly impact export-focused sectors in India. Alongside this, investor sentiment will also depend on the movement of foreign and domestic institutional investments, as well as global cues like crude oil prices and the US dollar index. On the domestic front, the spotlight will be on Q4 corporate earnings, which are expected to guide the short-term trend of the market. Important economic data releases are also lined up for Tuesday, 15 April 2025, including India’s Wholesale Price Index (WPI) inflation, Consumer Price Index (CPI) inflation, and trade balance figures for March—all of which could influence market sentiment.
Technical Overview
- Markets concluded the week on a robust note, rising nearly 2% in response to positive global signals.
- The U.S. announcement to defer tariffs for all nations except China alleviated recession fears, significantly boosting sentiment and easing concerns about a worldwide economic slowdown.
- Consequently, the Nifty index opened strongly with a gap-up, testing resistance near the 20-day exponential moving average (DEMA)around 22,900.
- It subsequently traded within a narrow range before closing at 22,828.55.
- In terms of sector performance, metals, energy, and pharmaceuticals drove the gains, with broader indices also experiencing a notable rebound, increasing between 1.82% and 2.86%. This recovery, underscored by a continued decline in the volatility index, presents a positive outlook; however, such sharp price movements can be challenging to navigate.
- On the index front, a decisive close above 22,900 may set the stage for a retest of the significant moving average zone around 23,400.
- Conversely, immediate support is positioned at 22,300. Until greater stability is achieved, we advise maintaining a hedged strategy. Participants should remain attentive to global developments and corporate earnings for further guidance
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