By theindianinvestor 
Monday, 21st April 2025
Time : 8:30 AM IST
Insights :
- Sorry I could not write the blog last week as I was busy with some other work.
- Nifty gained 414 points on Thursday and closed at 23,850.
- Nifty outperformed the Midcap and Smallcap indices, which gained 0.6% and 0.37%, respectively.
- Almost all sectors ended in the green on Thursday, with the rally led by index heavyweights like ICICI Bank, Reliance, and HDFC Bank.
- FIIs turned net buyers last week, investing more than Rs 4,500 crores in the cash market on Thursday alone.
- They also covered shorts and added long positions in index futures.
- FIIs infused nearly Rs 8,500 crores into Indian equity markets last week.
- Over the weekend, results from Nifty heavyweights Infosys and Wipro came below expectations, with weak revenue guidance for FY26.
- As a result, Infosys ADR fell nearly 2% on Friday. Infosys is already down nearly 30% from its all-time high.
- ICICI Bank and HDFC Bank reported strong results, though they are already trading near their all-time highs.
- Asian markets are mixed this morning. Nikkei is down 1%, while Kospi, Straits Times, and Shanghai Composite are trading in green.
- Dow Futures are trading nearly 0.8% lower.
- Nifty’s recent journey: From its all-time high of 26,200 (September), it fell to 23,300, rose to 24,800, dropped to 22,800, went back to 23,800, fell to 21,800, and is now back near 23,800.
- India VIX is still trading above 15 but may cool off if global uncertainties remain low.
- Nifty may take support at 23,300 and face resistance at 24,000.