Nifty Opens Higher at 23,942; Gains 90 Points on Positive Global Cues
Nifty 50 began the day on a strong note, rising over 90 points as investors tracked firm global trends and strong largecap action.
Key Highlights:
Nifty Today: Strong Opening at 23,942 on April 21
The Nifty Today opened on a positive note, rising by 90.65 points or 0.38% to hit 23,942.30 as of 9:15 AM IST. This upbeat start reflects the positive sentiment from global markets, strong inflows, and renewed interest in large-cap stocks.
The opening gains came amid favorable cues from Asian peers, easing US bond yields, and steady FII participation in the Indian equity market.
Sensex and Nifty 50 Extend Rally on Optimism
- Sensex also mirrored Nifty’s momentum, advancing over 300 points at the open.
- Broader indices like Nifty Midcap 100 and Smallcap 100 saw mild gains.
- India VIX edged lower, indicating reduced market volatility expectations.
Sectoral Indices: Financials and IT Lead the Charge
Here’s how sectoral indices were performing at open:
| Sector | Movement |
|---|---|
| Nifty Bank | 🔼 +0.45% |
| Nifty IT | 🔼 +0.62% |
| Nifty Auto | 🔼 +0.28% |
| Nifty FMCG | ⬇️ -0.10% |
| Nifty Pharma | ⬇️ -0.22% |
| Nifty Metal | 🔼 +0.35% |
Banking and IT stocks led the early gains, while FMCG and pharma showed minor profit booking.
Top Gainers and Losers in Nifty 50
Early Top Gainers:
- Infosys – up 1.3% after strong Q4 earnings reaction
- ICICI Bank – up 1.1% ahead of results
- Tata Motors – up 0.9% on volume optimism
Early Losers:
- HUL – down 0.8% post muted FMCG data
- Dr. Reddy’s – down 0.5% amid sectoral weakness
Gift Nifty Indicates Positive Trajectory
The Gift Nifty was trading around 80 points higher ahead of the open, signaling a strong start for Indian equities in line with global risk-on sentiment.
FII/DII Data Snapshot
| Participant | Net Value (₹ Cr) – April 19 |
|---|---|
| FII | +1,276 |
| DII | -845 |
Foreign investors continued to support the rally with robust inflows, especially into financials and IT.
Nifty Today: Technical Levels to Watch
| Index | Support Levels | Resistance Levels |
|---|---|---|
| Nifty 50 | 23,850 / 23,700 | 24,000 / 24,150 |
| Bank Nifty | 51,000 / 50,750 | 51,500 / 51,800 |
Traders are advised to monitor the 24,000 level on Nifty, which if crossed with volume, could trigger further upside momentum.
Final Word on Today’s Market
The Nifty Today began on a bullish note, supported by global strength and institutional buying. Sectoral leadership from banks and IT is likely to determine the day’s trend, while earnings season and macro data will shape near-term sentiment. Traders should stay alert near resistance zones and use dips as entry points, especially in outperforming sectors.
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