The Indian stock market looks set to navigate through a packed week of domestic and global developments, with Q4 earnings in FY25, auto sales figures, and key international economic data shaping trading sentiment.
Adani Green Energy Ltd announced that it surpassed USD 1 billion in EBITDA for FY25, underscoring strong operational efficiency and business growth.
Its March quarter results, along with those from major companies such as Adani Total Gas, KPIT Technologies, TVS Motors, Ambuja Cements, Bajaj Finserv, Bajaj Finance, BPCL, Adani Power, JSW Infrastructure, and Vedanta, will heavily influence market direction next week.
Market participants will closely track India’s Industrial Production (IIP) data for March, scheduled for release on April 28.
According to Bajaj Broking Research, this data will provide critical insights into the health of the manufacturing and industrial sectors, influencing sentiment on the domestic front.
Additionally, the performance of the auto sector, with sales data due early in the week, will offer further cues about consumer demand and economic recovery.
In the United States, investors will focus on April 30, when the ADP Nonfarm Employment Change and the first-quarter GDP (QoQ) estimates will be released.
Both metrics are key indicators of the labour market’s strength and overall economic momentum.
Bajaj Broking Research expects these releases to elevate market volatility and influence the future stance of global central banks.
The Indian stock market ended the week on a positive note. The Sensex and Nifty rose by approximately 0.80%, closing at 79,212.53 and 24,039.35, respectively.
Optimism stemmed from progress on the India-US bilateral trade agreement and easing concerns surrounding the US-China trade dispute, which together bolstered investor confidence.
The IT sector outperformed all others, posting a strong 6.56% weekly gain.
In contrast, the Media sector declined by 2.11%, making it the worst performer.
Meanwhile, Foreign Portfolio Investors (FPIs) turned aggressive net buyers, lured by attractive valuations in the financial sector.
FPIs injected around Rs 17,800 crore into the cash segment during the week, while Domestic Institutional Investors (DIIs) added about Rs 1,132 crore.
According to Puneet Singhania, Director at Master Trust Group, the Nifty 50 posted its second consecutive weekly gain, rising 0.79% and closing above the crucial 24,000 mark.
“Immediate support is seen at 23,800 and 23,500, aligning with the 21-day exponential moving average (21DEMA),” Singhania said. “Resistance is located at 24,360, and a decisive move above this level could pave the way toward 24,700.”
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