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Home > Stock Market Updates > Opening Bell - 21 / 04 / 25
Podcast: Stock Market Updates
Episode:

Opening Bell - 21 / 04 / 25
Category: Business
Duration: 00:02:29
Publish Date: 2025-04-21 03:29:27
Description:

Opening Bell - Morning Commentary


Time to look at smaller stocks


Indian stock markets posted significant gains during the truncated trading week, driven by easing retail and wholesale inflation figures that bolstered hopes for policy stability.


U.S. stock indices retreated last week; volatility remains elevated by historical standards. Investors are navigating an increasingly complex landscape characterised by dramatic policy shifts.


The trade environment has become particularly chaotic with a series of significant developments: a substantial 245% tariff on Chinese imports, new chip export licensing requirements for China,

Beijing's unexpected cancellation of Boeing orders, discussions of potential automotive sector exemptions, and rumours of forthcoming pharmaceutical tariffs. These rapid-fire announcements have intensified market anxiety and uncertainty.


U.S. Vice President JD Vance’s visit to India comes with hopes that both countries can secure a quick deal and a reprieve from weightier levies while maintaining a 10% baseline tariff.


As earnings season progresses, market participants will scrutinise corporate commentaries for insights into how businesses adapt to the new tariff regime and what they observe throughout their supply chains and customer bases.


Large private banks have taken the lead, surging to new all-time highs. Their quarterly results over the weekend aligned with market expectations and will continue to drive markets higher.


Market gains could extend their strength on the back of sustained inflows. Large-cap stocks have performed well recently, mainly driven by short-covering. We anticipate that mid-cap and small-cap stocks are positioned to outperform in the coming period.


The Nifty is firmly positioned above all key moving averages, reinforcing the bullish trend across all timeframes. The next significant resistance level for the Nifty is 24,050, which represents the 50% retracement level of the entire decline from the peak of 26,277 to the recent swing low of 21,743. The support level for the index has now shifted upwards to 23,500.


Indian markets are expected to open marginally lower, digesting last week's impressive surge.
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