Market Performance
In a solid show of strength, the Indian stock market extended its winning streak for the sixth consecutive session on Tuesday, April 22, 2025.
- BSE Sensex climbed 187.09 points (0.24%) to close at 79,595.59
- Nifty 50 rose by 41.70 points (0.17%) to end at a 4-month high of 24,167.25
- Nifty Bank Index hit a fresh all-time high of 55,961.20, before closing at 55,746.20, gaining 342.70 points (0.62%)
The rally was primarily fueled by consistent buying in banking and FMCG sectors, along with Foreign Institutional Investor (FII) inflows.
Main News: Bulls Push Nifty Above Key Level
The most notable move in today’s Nifty news is the index pushing past the crucial 200-day moving average (DMA) — a key technical milestone that generally indicates strong upward momentum.
Even though the Nifty showed signs of slowing by forming a small red candle on the chart, it still managed to hold above the 24,000 support level, keeping the short-term outlook bullish.
Key Levels to Watch:
- Immediate Resistance: 24,250 – 24,450
- Immediate Support: 24,000
- Next Upside Target (if momentum continues): 24,550
- Swing Support Zone: 23,870
Company Details
While no specific company announcements drove the market on Tuesday, the banking and FMCG sectors led the charge. Broader market sentiment was supported by strong domestic fundamentals and positive global cues.
Summary of the Article
The Nifty index wrapped up Tuesday on a high note, closing above the 24,000 mark and hitting a level not seen in four months. With bulls clearly in charge, Nifty news continues to point toward a positive trend—as long as the index sustains above key support levels.
As we head into April 23, market participants will keep a close eye on resistance at 24,450 and support at 24,000, with a potential breakout eyeing 24,550 in the short term.
Stay updated with all the insights.
Navigate news, 1 email day.
Subscribe to Qrius
