Dalal Street is roaring. The BSE Sensex and Nifty50 continued their upward momentum this Monday morning as investor sentiment gets a shot in the arm from both political clarity and robust corporate earnings.
As of noon today, Sensex hit 82,980, while Nifty50 is just shy of the 25,150 mark setting a new record for the fifth consecutive session.
Key Market Movements
| Index | Value | Change |
|---|---|---|
| Sensex | 82,980 | 🔼 +270 pts |
| Nifty50 | 25,147 | 🔼 +80 pts |
| Bank Nifty | 54,500 | 🔼 +290 pts |
What’s Fueling Today’s Market Euphoria?
1. Election Momentum Building
Early projections indicate a stable government ahead. Investors are factoring in policy continuity, infrastructure push, and a business-friendly environment.
2. Strong Q4 Earnings
Q4 results from HDFC Bank, Infosys, and Marico beat estimates — signaling a strong finish to FY25. This has bolstered confidence in India Inc. across sectors.
3. Rupee Stability
The Indian Rupee strengthened to ₹82.31/USD, attracting foreign institutional inflows and boosting market confidence.
Sector Leaders Today
Banking & Financials
Banks like ICICI, HDFC Bank, and SBI are witnessing strong traction due to credit growth and attractive valuations.
Infra & Construction
With the upcoming election manifestos emphasizing infrastructure, stocks like L&T, IRB Infra, and Adani Ports surged 2–3%.
FMCG
Rural demand is reviving, and ITC, Marico, and Dabur are benefiting. The FMCG index rose 1.8% today.
Stock Picks to Watch This Week
| Stock | Target (₹) | Reason |
|---|---|---|
| HDFC Bank | 1,850 | Strong Q4, rising retail loan demand |
| IRCON Intl. | 172 | Govt infra spend + PSU momentum |
| Marico | 620 | Rural recovery, strong margin outlook |
| BEL | 235 | Sensex inclusion buzz |
Global Market Snapshot
Dow Futures: Mildly positive ahead of U.S. inflation data.
Crude Oil: Steady at $79.15/barrel.
Gold: Holding at $2,320/oz amid election uncertainty in Europe.
Key Current Affairs Influencing the Market
General Election Phase 5 Today: Voting underway across 49 constituencies. Market expects higher turnout.
India-UK Trade Deal Talks Resume: Could benefit textile and pharma exports if finalized in June.
Monsoon Arrival Early Signs: IMD expects early onset in Kerala, a positive for agri and FMCG.
Technical View: Can Nifty Breach 25,200?
Market experts believe 25,200 is a psychological level and a breakout may push it to 25,300–25,450 in the short term.
Support Level: 24,950
Resistance Zone: 25,200–25,300
Volatility: Moderately high; use trailing stop-losses
What Should Investors Do Now?
Short-term traders can trail profits but be cautious near resistances.
Long-term investors should use dips to accumulate strong stocks in banking, infra, and consumption.
New investors can consider starting SIPs, as long-term India growth story remains intact.
Final Take
India’s markets are showing strength at a time when global peers are jittery. Backed by political stability, strong earnings, and global tailwinds, the Nifty inching towards 25,200 isn’t just a number—it’s a symbol of India’s financial resilience.
Whether you’re day-trading or investing for the next decade, this is your moment to pay attention, plan smart, and act confidently.
