By theindianinvestor 
Tuesday, 22nd April 2025
Time : 8:30 AM IST
Insights :
- Nifty gained 273 points and closed at 24,125.
- All sectors ended in the green yesterday; HDFC Bank and ICICI Bank led the rally after posting strong results.
- Infosys rose around 2%, despite weak Q4 results and subdued FY26 guidance, as the stock has already corrected nearly 30% from its all-time high.
- The US Vice President visited India for trade talks, boosting investor sentiment.
- FIIs were net buyers, purchasing stocks worth ₹1,950 crores in the cash market. They also added long positions in index futures, reducing their net shorts to 68%.
- US markets closed lower yesterday.
- Asian markets are trading mixed today.
- GIFT Nifty is flat, indicating a muted start for Indian markets.
- The Dollar Index has slipped below 99, marking a three-year low.
- Trump is now calling for the removal of Fed Chair Jerome Powell for not cutting interest rates.
- Brent crude is steady around $65/bbl, a positive sign for oil-importing nations like India.
- The Indian Rupee is appreciating, trading at 85 against the US Dollar.
- Gold prices have hit an all-time high, now trading at ₹97,000 per 10 grams.
- US 10-year bond yields are at 4.4%.
- Nifty may find support around 23,800 and could face resistance near 24,800.