The Indian stock market closed flat on April 29, 2025, with benchmark indices maintaining a narrow range throughout the trading session. While broader indices showed resilience, heavyweight Reliance Industries once again stole the spotlight with an impressive surge in market value.
Stock Market Highlights
- Nifty 50 settled 7 points higher at 24,334, managing to hold the critical 24,300 level.
- BSE Sensex edged up by 70 points to 80,288, showing stability amid mixed global cues.
- Market sentiment remained cautious, but select sectors and midcap stocks offered solid returns to investors.
Reliance Industries: Driving the Rally
Reliance Industries continued its upward momentum, contributing significantly to the index gains. Over the last two sessions, the stock has added ₹1.5 lakh crore to its market capitalization—its biggest two-day gain in four years. This rally played a crucial role in keeping the Nifty afloat despite broader market indecisiveness.
Sectoral Updates:
- Nifty Bank underperformed, falling 42 points to close at 55,391, weighed down by weak performance in select private lenders.
- Nifty Midcap 100 outshone with a strong 148-point gain, closing at 54,588, as investor interest continued to flow into quality midcap names.
- Defence sector stocks attracted strong buying interest, rising 3% to 10% on continued order visibility and government support.
- IT stocks recovered from early losses. Tech Mahindra, LTIMindtree, and Persistent Systems led the rebound, supported by stable earnings outlooks and technical buying.
Gainers Stocks Today:
- Trent Ltd surged nearly 6%, emerging as the top performer on the Nifty after posting better-than-expected margins in its Q4 results.
- Life insurance stocks like Max Financial Services saw fresh buying interest amid expectations of indexation benefits for insurance policies above ₹5 lakh.
Losers Stocks Today:
- Aurobindo Pharma dropped over 3% following a fire incident at one of its manufacturing facilities, raising concerns over potential disruptions.
- Ambuja Cements declined more than 2% after posting a mixed set of Q4 FY25 earnings, missing estimates on margins.
Market Outlook
Despite today’s flat closing, the market is holding steady at elevated levels, with Reliance, midcaps, and selective sectoral plays like defence and IT offering hope for short-term upside. However, investors should remain cautious amid global uncertainties and await key economic data releases later this week.
Nifty Update
As of 29th April 2025, 11:20 AM IST, the Nifty index is trading at 24,355.55, up by 27.05 points or 0.11% from the previous close of 24,328.50. The market opened at 24,370.70, made an intraday high of 24,457.65, and touched a low of 24,290.75. The overall movement reflects a cautious but positive sentiment in the market during the morning session, with investors reacting steadily to ongoing market cues.
Nifty Bank Update Live
As of 29th April 2025, 12:56 PM IST, the Nifty Bank index is trading at 55,467.20, up by 34.40 points or 0.062% from its previous close of 55,432.80. The index opened slightly higher at 55,524.35, climbed to an intraday high of 55,957.75, and slipped to a low of 55,288.25 during the session. Despite the narrow gains, the index is showing range-bound movement, indicating subdued momentum as investors remain cautious in the mid-session trade.
Sector wise Movement in Market
📊 Sector Watch – 29th April 2025 (Midday Update)
Markets are treading cautiously today, but a few sectors are stealing the spotlight! 🔍
Top Gainers
Nifty IT is buzzing with a +1.18% jump! Tech stocks are back in action, pushing the index near its day’s high.
Oil & Gas stocks are also firing up, with the Nifty Oil & Gas index climbing +0.98% – energy counters are seeing renewed buying!
Consumer Durables gained +0.62%, hinting at strong demand in household and lifestyle products.
PSU Banks edged up +0.49% – the rally in public lenders continues, slowly but surely.
Midcap Financials & Telecom saw healthy moves too, adding to market breadth.
Top Losers
Nifty Pharma is under pressure, down -0.85% – is it just profit booking or a deeper concern?
Metals cooled off with a -0.64% dip after recent highs.
Healthcare, Media, Auto, and FMCG are also trading in the red, showing signs of consolidation after recent rallies.
Overall, it’s a mixed market with selective buying – traders are staying stock-specific and booking profits in defensive sectors.
Market Overview
As of the latest market update on 29th April 2025, a total of 2,742 stocks were actively traded on the NSE. The market breadth leaned slightly positive with 1,414 stocks advancing, 1,227 declining, and 101 remaining unchanged. Bullish sentiment was visible as 28 stocks touched their 52-week high, while 12 stocks hit their 52-week low. Meanwhile, 58 stocks locked in their upper circuit, signaling strong buying interest, whereas 39 stocks were stuck in their lower circuit, indicating heavy selling pressure. This mix reflects a selective but optimistic trading environment.
IPO Update
As of April 29, 2025, Day 2 of the Ather Energy IPO continues to attract investor attention, albeit at a measured pace. The IPO, which opened for subscription on Monday, April 28, aims to raise around ₹2,981 crore, comprising 8.18 crore fresh equity shares and an Offer for Sale (OFS) of 1.1 crore shares. On Day 1, the IPO saw a 16% subscription, indicating a cautious start. Notably, before its official launch, the electric two-wheeler manufacturer secured ₹1,340 crore from anchor investors, showcasing strong institutional backing. Market watchers are now closely tracking the GMP (grey market premium) and subscription trends to gauge overall sentiment in the coming days.