The stock market is in a boom today, i.e. on 21 April. The Sensex is trading at the level of 79,300 with a gain of more than 700 points. Nifty is also in a boom of more than 200 points, it is trading at the level of 24,100.At the same time, Bank Nifty has reached a new record high. Bank Nifty crossed 55,000 for the first time. Bank Nifty is up by about 900 points. Today IT and banking stocks have gained the most. At the same time, FMCG and auto stocks are trading under pressure.
Global Market Overview
- Today (April 18) in Asian markets, Japan’s Nikkei has fallen by 429 points (1.24%). Korea’s Kospi is trading flat at 2,484.
- China’s Shanghai Composite is up 0.30% and is trading at 3,286. Hong Kong’s Hang Seng Index is not trading today.
- On 17 April, America’s Dow Jones closed down by 527 points (1.33%) and Nasdaq Composite closed down by 20 points (0.13%). While the S&P 500 index closed with a marginal gain of 7 points (0.13%).
Key Drivers of Today’s Market Rally
- US President Donald Trump’s 90-day temporary tariff relief is expected to give impetus to India-US bilateral trade agreement (BTA) discussions.
- Unlike India, China has not been given tariff exemptions by the US. This may give Indian exporters a competitive advantage in the short term.
- Foreign investors are buying in the Indian market. On April 17, foreign investors (FIIs) bought shares worth Rs 4,667.94 crore. However, domestic investors (DIIs) sold shares worth Rs 2,006.15 crore. This week FIIs bought shares worth a total of ₹ 14,670.14 crore. At the same time, DIIs sold shares worth ₹ 6,470.52 crore.
Recap: April 17 Market Performance
The stock market witnessed a huge rally after the fall on Thursday, 17 April. The Sensex rose 1509 points (1.96%) and closed at 78,553. The Nifty also rose 414 points (1.77%) and closed at 23,852.
The Indian stock market is in a strong rapid trend, which is powered by optimism around positive global signals, heavy FII flows and international trade development. Investors are looking closely for the next breakout, with sensex, nifty, and bank nifty all historical tricks.
