Sensex Today May See Volatile Open After Global Tech Sell-Off Offsets Previous Day’s Rally
After a 855-point surge on April 21, Sensex may open subdued on April 22 as GIFT Nifty falls 52 pts and global indices trade mixed.
Key Highlights:
Explosive Rally Faces Nervous Global Handover
Sensex today is expected to open cautiously on April 22, 2025, after a strong rally on Monday that pushed the index up by over 855 points. Global risk sentiment, however, remains fragile following a tech-led U.S. sell-off, dragging down GIFT Nifty futures and weighing on Asian peers.
Sensex Last Close Snapshot – April 21, 2025
| Metric | Value |
|---|---|
| Closing Value | 79,408.50 |
| Gain | ▲ +855.30 pts |
| Change (%) | ▲ +1.09% |
| Previous Close | 78,553.20 |
| Day’s Range | 78,776.06 – 79,635.05 |
The rally was driven by broad-based buying in banks, autos, and select IT stocks, marking the fifth straight day of gains on the BSE Sensex.
GIFT Nifty Indicates Softer Start
| Futures Index | Value | Change |
|---|---|---|
| GIFT Nifty | 24,098.0 | ▼ -52 pts (-0.22%) |
As of 06:37 IST, GIFT Nifty futures are down 52 points, suggesting the Indian market may open flat to mildly lower, especially with no strong domestic drivers visible early in the session.
Global Cues – Wall Street and Asia Mixed
| Index | Last Close | % Change |
|---|---|---|
| Dow Jones | 38,170.41 | ▼ -2.5% |
| S&P 500 | 5,158.20 | ▼ -2.4% |
| Nasdaq Composite | 15,870.90 | ▼ -2.6% |
| Nikkei 225 | 34,304.45 | ▲ +0.07% |
| Kospi | 2,483.07 | ▼ -0.21% |
| Taiex | 18,891.92 | ▼ -1.12% |
The sharp fall in U.S. equities, particularly tech, is setting a cautious tone across Asian markets. Taiwan’s Taiex opened 1.12% lower, while Korea’s Kospi also dipped early, reflecting investor nervousness.
Sectoral Setup: Where the Action Might Be
Potential Draggers:
- IT & Tech: May see profit-booking after Nasdaq’s decline.
- Metals & Exporters: Global demand concerns could pressure cyclicals.
Likely Supporters:
- Banks & Autos: Strong momentum may offer intraday support unless heavy FII selling emerges.
- Energy & PSU Stocks: Watching crude oil and yield moves for directional clues.
Technical Levels to Watch – BSE Sensex
| Level Type | Value Range |
|---|---|
| Support 1 | 78,800 |
| Support 2 | 78,500 |
| Resistance 1 | 79,600 |
| Resistance 2 | 80,000 (psychological) |
Sensex may consolidate between 78,800–79,600 in the morning, with a breakout or breakdown likely driven by FII flows or intraday moves in Nifty heavyweights.
Key Market Drivers Today
- GIFT Nifty Weakness – Suggests cautious open around 24,100 for Nifty; likely spillover into Sensex.
- Wall Street Sell-Off – Tech rout in the U.S. triggering defensive positioning globally.
- No Major Data – Indian calendar light today; global cues to dominate.
- Crude & Currency – Brent stability and INR/USD moves to impact energy & IT segments.
Final Word on Sensex Today
After a stellar five-day run, Sensex looks set for a nervous opening on April 22. Traders should prepare for a rangebound to slightly negative start, watching banking support and IT weakness closely. Broader sentiment hinges on whether global futures recover during the India session.
A breach of 78,800 could trigger profit-taking, while a break above 79,600 may invite fresh momentum.
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