RBI's MPC Meeting Outcome Today

BANGALORE, India - April 9, 2025 - PRLog -- Market Pulse: Downtrend

On Monday, the market status shifted to a Downtrend as Nifty breached its recent correction low of 21,965. Nifty Midcap and Smallcap indices also hit 52-week lows, with all major sectoral indices trading below their key moving averages-signaling broad market weakness.

Global Market View

The stock market in Indonesia is in a Rally Attempt, signaling early signs of a potential recovery that require confirmation. On the other hand, India, China, USA, UK, Canada, Germany, Japan, Hong Kong, Singapore, South Korea, Taiwan, Malaysia, Mexico, Brazil and Thailand is in a Downtrend (https://marketsmithindia.com/mstool/learning.jsp#/msiLearning/glossary/Correction), reflecting continued market weakness and caution among investors.

Yesterday's Market Action
India's benchmark index Nifty 50 closed up 1.69% on a volume -27.64% lower than yesterday. The index opened with a gap-up of 1.29%, trading in a range between 22,270.85 and 22,697.20, and closed at 22,535.85. The day exhibited a strong up move with 49 advancing stocks and only 1 declining, indicating broad-based strength. The index is currently -1.85% below its 21-day SMA, -1.80% below its 50-day SMA, and -14.5% off its 52-week high, suggesting that while the index has gained, it still faces significant downside pressure.

Buy Watchlist

Bharti Airtel, Gabriel India, Aavas Financiers, Vadilal Industries, Marico and more.

Key News & Earnings Updates

Vodafone Idea issues 3,695 crore equity shares to the Government of India for ₹36,950 crore, raising the government's stake to 48.99%.

Gail (India) establishes wholly owned subsidiary, GAIL Global IFSC, at GIFT City, Gujarat, to operate as a finance company.

Concord Biotech Ltd gets USFDA approval for Teriflunomide tablets for multiple sclerosis.

Ntpc Green Energy Ltd forms 74:26 JV with MAHAPREIT, NTPC-MAHAPREIT Green Energy, to develop renewable energy parks in Maharashtra and beyond.

Bharat Petroleum forms JV with Sembcorp Green Hydrogen India to explore renewable energy and green hydrogen projects in India.

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