Published on 30/04/2025 04:33 PM
In the highly volatile session, the Indian indices ended with little change on April 30 as investors remained cautious amid global trade developments and geopolitical tensions.
The index opened flat and witnessed rangebound trading in most part of the session, however, failed to hold the last hour gains and ended at 24,334.20, down 1.75 points or 0.01 percent. The index rose 3.5 percent in the month of April.
Maruti Suzuki, HDFC Life, Bharti Airtel, SBI Life Insurance, Power Grid Corp were among major gainers on the Nifty, while losers were Bajaj Finserv, Bajaj Finance, Trent, Tata Motors, SBI.
Among sectors, Realty index added nearly 2 percent and Pharma index rose 0.4 percent, while media, PSU Bank indices down 2 percent each and Energy, IT, Consumer Durables down 0.3-0.9 percent.
The broader indices underperformed the main indices with Nifty Midcap index falling 0.8 percent, and Nifty Smallcap index declining 1.7 percent.
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"The Nifty continues to consolidate within a narrow range as traders preferred to remain on the sidelines ahead of the holiday. However, with the index sustaining above the critical 20 EMA on the daily timeframe, the bullish trend remains intact," said Rupak De, Senior Technical Analyst at LKP Securities.
"Momentum also remains strong, with the RSI holding above 50 and showing a bullish crossover. On the higher end, resistance is placed at 24,550 — a sustained move above this level could trigger a decent rally in the market. On the lower end, support is seen at 24,200," he added.
After a muted start, the Bank Nifty index also traded in a range but ended 0.55 percent lower at 55087.15, extending the losses on second consecutive session.
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