Stock Market Highlights – April 9, 2025
Key Highlights
- Index Volatility: Both BSE Sensex and NSE Nifty 50 witnessed sharp intraday swings amid geopolitical concerns and global market cues.
- Sectoral Performance: IT and Pharma stocks declined sharply due to renewed U.S. tariff threats and global growth fears.
- FII/DII Flows: Foreign Institutional Investors were net sellers, pulling out approximately ₹1,200 crore from Indian equities, while Domestic Institutions bought around ₹950 crore worth of shares.
- Rupee Weakness: The Indian rupee depreciated slightly against the U.S. dollar, closing at 83.21 due to higher oil prices and global trade stress.
- Top Gainers/Losers: Banks and Realty stocks gained on hopes of lower interest rates. Infosys and Cipla were among the top laggards.
Impact on Traders and Investors
- Short-term traders: Faced high intraday volatility; increased stop-loss hits in IT and Pharma.
- Long-term investors: Sector rotation visible from export-driven sectors to domestic themes like infra and banking.
- Derivatives market: Spiked open interest in Bank Nifty and heavy call writing at 22,000 resistance level.
Global Influence
Markets tracked global headlines closely—especially EU’s tariffs against the U.S., and RBI's policy easing. Global cues kept investors cautious despite strong liquidity support domestically.
Source
Based on data from The Hindu Business Line – April 9 Market Wrap
Comments
Post a Comment