India’s share market indices, Sensex and Nifty50, opened in green on Wednesday, April 23, 2025. The Sensex (index with top 30 firms) surged 468.75 points to open at 80,064.34 points on Wednesday. Meanwhile, Nifty50 (index with top 50 firms) opened 136.25 points higher at 24,303.50 points.
Indian share market on Wednesday opened higher, on the back of the optimism around the potential India-US trade bilateral deal, continued foreign investment and positive economic indicators. The stocks of about 1694 companies advanced during the initial hour of the trade, 459 shares declined, and 131 shares remained unchanged.
Globally, the Dow surged 2.66% to 39,186.98, the S&P 500 rallied 2.51% to 5,287.76, and the Nasdaq rose 2.71% to 16,300.42. Gold declined 1.2% to USD 3,340.92/oz, while crude prices extended gains amid Iran sanctions and falling US inventories.
What Experts Are Saying?
“The mood is sombre in the country after the massacre of tourists by terrorists in Kashmir. Markets will be on edge, in the past Indian security forces retaliation has led to short-lived market declines,” said Ajay bagga, market and banking expert.
“Indian markets will be enthused by the US moves and sentiment recovery. Indian futures are pointing to a gap up this morning, but be watchful as markets are moving on statements from US officials and not on fundamentals globally,” he further added.
Akshay Chinchalkar, Head of Research, Axis Securities stated that for Nifty, the 24200-500 area is resistance even as the tactical outlook remains bullish against support in the 23800-23872 area.
“Yesterday, the percentage of members in the nse500 above the 50-day average climbed over 80 for the first time since June in a boost for bullish sentiment, with options expiring tomorrow also suggesting that the market mood is most likely to remain positive for the next two sessions,” he added.
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