India’s share market indices, Sensex and Nifty50, opened in green on Tuesday, April 29, 2025. The Sensex (index with top 30 firms) surged 178 points to open at 80,396.92 on Tuesday. Meanwhile, Nifty50 (index with top 50 firms) was up 42.20 points to open at 24,370.70 points.
Indian share market started the Tuesday on a positive note because of the strong inflows from foreign portfolio investors (FPIs) and domestic institutional investors (DIIs). Moreover, market experts highlighted that the gains are primarily driven by positive flows from both domestic and international fronts. However, they cautioned that uncertainty continues to linger due to the geopolitical risk of a potential kinetic action against Pakistan.
Across sectoral indices on NSE, all sectors opened in the green on Tuesday. Nifty PSU Bank led the gains, followed by Nifty Auto, which surged 0.52%. Nifty Media rose by 0.7%, Nifty IT gained 0.43%, and Nifty Pharma was also in the green, up by 0.24%.
In other Asian markets, a modest movement with gains was seen. Hong Kong’s Hang Seng Index was trading with gains of 0.4%, Taiwan’s Weighted Index rose by 0.5%, and South Korea’s KOSPI Index surged 0.6%. All major markets in Asia opened with gains, while Japanese markets remained closed for a holiday.
Meanwhile, high-net-worth individual (HNI) desks are reportedly raising cash at every market move, and mutual funds are also maintaining higher-than-usual cash levels in their equity portfolios. On the liquidity front, the Reserve Bank of India (RBI) has been proactively conducting Open Market Operations (OMOs) to inject systemic liquidity.
This move is keeping the markets well-funded even after FPIs withdrew over $2.5 billion from the Indian bond markets in the past month.
What Else For The Share Market?
Ajay Bagga Banking and Market Expert told ANI, “Indian markets are benefitting from combined inflows from returning FPIs and continued DII inflows. The geopolitical overhang is being addressed for now with inflows leading to good performance in the markets, but we are approaching key levels on both the Nifty and the broader indices. Taking a 6-month view, markets remain 7 per cent plus under the September 2025 highs, so despite the three recovery phases we have seen, we have not been able to approach those levels yet.”
Akshay Chinchalkar, Head of Research, Axis Securities, said, “The Nifty recovered from Friday’s drop yesterday but was still not able to get past the 24360 area, which has now served as the high for the last 4 sessions. The short-term price structure remains bullish as long as we don’t close below 23872 but resistance is material between 24360 and 24500.”
ALSO READ: Anant Ambani To Become Whole-Time Director In Reliance Industries’ Board
