Nifty Today: Markets Reopen After Ambedkar Jayanti Break; Will Global Rally Push Nifty Above 23,300?
Key Highlights:
Mumbai, April 15 (IST): The Indian stock market resumes trading today, April 15, following a one-day closure on April 14 for Ambedkar Jayanti. Notably, while NSE and BSE were shut, global markets continued trading and rallied sharply, led by gains in technology and industrials.
With Indian equities having missed Monday’s action, traders expect the Nifty 50 to open higher and attempt to align with global market sentiment. On April 12, Nifty had last closed at 23,263.90.
Global Market Recap – April 14 (While India Was Shut)
U.S. Markets:
- Nasdaq Composite: 16,724.46 (+2.06%)
- S&P 500: 5,158.35 (+1.65%)
Europe:
- FTSE 100: 8,078.08 (+1.43%)
- DAX: 20,765.50 (+1.95%)
Asia-Pacific:
- Nikkei 225: 34,344.92 (+1.07%)
- KOSPI: 2,461.77 (+0.24%)
- Hang Seng: 21,417.40 (+2.40%)
- SSE Composite: 3,262.81 (+0.76%)
India was the only major market closed on April 14, amplifying expectations of a gap-up open today as global cues remain upbeat.
Nifty Market Outlook – April 15
Last Close (April 12): 23,263.90
- Resistance Levels: 23,300 – 23,420
- Support Levels: 23,150 – 23,000
- RSI: Near 64 (bullish zone)
- MACD: Positive crossover sustained
- Bias: Bullish-to-neutral
With Gift Nifty Futures pointing to levels above 23,300, traders anticipate a strong open. The key test will be whether the index can sustain gains amid profit-booking.
Sectoral Watch – April 15
- Technology: TCS, Infosys, and Wipro likely to benefit from Nasdaq’s tech surge.
- Banking & Financials: SBI, ICICI Bank, and Axis Bank may ride global risk-on flows.
- Automobiles: Positive momentum from Japan and China to support Tata Motors, Maruti.
- Metals: Buoyed by DAX and Hang Seng performance; focus on Hindalco, Tata Steel.
- Pharma & FMCG: May remain mixed amid macroeconomic data anticipation.
Key Factors To Watch
- FII inflows post-holiday: Will foreign investors continue their bullish stance?
- Global Commodity Prices: Oil, metals and energy prices influencing sector movement.
- Q4 Earnings Season: Stock-specific action could drive intraday volatility.
- Rupee Performance: A weaker rupee could further fuel foreign inflows.
With the Indian stock market missing out on global euphoria on April 14, today’s session could see Nifty trying to play catch-up. The index is expected to open above 23,300, supported by robust cues from the U.S., Europe, and Asia.
A close above 23,400 could signal strength going into the earnings-heavy week. However, traders should brace for volatility after the initial spike.
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