Gift Nifty Jumps Over 200 Points: Nifty 50 to Open Strong on April 23
Gift Nifty surged past 24,370 levels, signaling a bullish start for Indian equities. Traders gear up for a positive session amid global tech optimism.

Key Highlights:
Gift Nifty opened with a stunning gain of 201 points or 0.83% at 24,378, as updated at 06:36 AM IST, reflecting strong bullish sentiment in global markets. This upward momentum comes on the heels of a tech-driven rally on Wall Street, especially the Nasdaq Composite, which ended Monday with a 2.71% surge.
Nasdaq-Led Rally Lifts Global Sentiment
- Nasdaq Composite closed at 16,300.42, up +429 points
- Tech stocks such as Microsoft, Nvidia, and Meta saw major gains
- Asia-Pacific futures, including Kospi and Nikkei, also showed early signs of positivity
- Bond yields remained steady, easing concerns over rate hikes
What Traders Can Expect Today
With Gift Nifty trading 201 points higher, a gap-up opening for the Nifty 50 is expected on April 23. This may lead to early strength in IT, banking, auto, and capital goods sectors.
Key Technical Levels for Nifty 50 (Expected)
- Support: 23,950 / 23,880
- Resistance: 24,120 / 24,250
- Pivot Zone: Around 24,000
Options data may point to aggressive writing around 24,000 CE and PE strikes, suggesting strong support at lower levels.
What This Means for You
For retail traders and positional investors, this morning’s Gift Nifty signal offers a strong setup for high-conviction trades, particularly in:
- IT majors like Infosys, TCS (tracking Nasdaq)
- Auto & EV stocks following Tesla’s surge
- PSU Banks and Midcaps in value buying zones
How to Take Action
- Watch for opening momentum at 9:15 AM IST
- Track FIIs and DIIs positioning in the first 30 minutes
- Monitor India VIX and Bank Nifty for risk appetite insights
- Use trailing stop losses in trending positions to lock in profits
Who Will Be Affected
- Day Traders: May benefit from the volatility and volume spike post-opening
- Investors: May witness continued momentum from largecaps to midcaps
- SIP & Mutual Fund holders: NAVs likely to reflect gains across equity baskets
Strong Start Expected for Indian Equities
In summary, Gift Nifty’s surge to 24,378 reflects a strong and confident tone for the Indian stock market on April 23, 2025. With favorable global cues, especially from the US tech sector, the Nifty 50 is poised to extend gains after a solid previous session. However, profit-booking cannot be ruled out in late trade, especially ahead of earnings releases later this week.
Stay updated with the latest from Hindustan Herald — your trusted source for
Politics, Business, Sports, Entertainment, Lifestyle, Breaking News, and More.
📲 Follow us on Facebook, Instagram, Twitter, LinkedIn, and YouTube
🔔 Join our Telegram channel @hindustanherald for real-time news alerts.