Get the latest Indian stock market outlook for April 29, 2025! Analyze key trends in Sensex, Nifty50, and Bank Nifty for informed trading decisions. Discover support/resistance levels, sectoral movements, and trading strategies to navigate market volatility. Stay ahead with expert insights on indices performance.
The Indian stock market has been a rollercoaster in 2025, navigating global uncertainties, domestic economic shifts, and geopolitical tensions. As we approach Tuesday, April 29, 2025, investors are keenly eyeing the Sensex, Nifty50, and Bank Nifty for trading opportunities. This blog post dives into the latest market trends, support and resistance levels, Nifty and Bank Nifty predictions, and a detailed look at the top 10 gainers and losers based on recent data.
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Indian Stock Market Overview: Setting the Stage
The Indian stock market, comprising benchmarks like the Sensex and Nifty50, has shown resilience despite a turbulent 2025. According to recent reports, the Nifty50 closed at 24,039.35, down 0.86% for the week ending April 27, 2025, while the Sensex ended at 79,212.53, slipping 0.74%. Bank Nifty, a critical sectoral index, has been under pressure, closing at 55,433, reflecting a negative trend. These movements were driven by geopolitical tensions, profit booking, and mixed global cues, with selective buying in IT stocks providing some relief.
On April 28, 2025, the market saw broad-based selling, with the Nifty50 dragged by most sectors except IT, which benefited from positive U.S. market cues. The Bank Nifty corrected for the third consecutive day, highlighting weakness in banking stocks like Axis Bank. Despite these challenges, technical indicators suggest potential buying support at lower levels, with the Nifty50 recovering above 24,000 after dipping to 23,847.85.
For April 29, 2025, traders are looking at support and resistance levels, sectoral trends, and global developments to gauge market direction. Let’s break down what to expect.
Support and Resistance Levels: Key Technical Insights
Understanding support and resistance levels is crucial for trading Sensex, Nifty50, and Bank Nifty. These levels act as psychological barriers where the market tends to pause, reverse, or break through, guiding traders on entry and exit points.
Nifty50 Support and Resistance
- Support Levels: 23,980–23,830 (intraday), 23,421–23,038 (near-term). These levels are critical for bulls to defend to maintain the bullish trend. A drop below 23,830 could signal further weakness, potentially testing 23,421.
- Resistance Levels: 24,658–25,041 (near-term), 24,360–24,500 (intraday). A decisive move above 24,360 could trigger a rally toward 24,500, with 24,658 acting as a strong hurdle.
Technical indicators show the Nifty50 trading above key moving averages, with a bullish candle formed on April 17, indicating positive momentum. However, a Doji candle on April 24 suggests indecision, and traders should watch for a breakout above 24,360 or a pullback to 24,070.
Bank Nifty Support and Resistance
- Support Levels: 55,000–54,390. The 38.2% Fibonacci retracement level at 50,390 is a key support for Bank Nifty, though current levels around 55,000 are critical.
- Resistance Levels: 55,686–56,098. A close above 55,686 could shift Bank Nifty to a positive trend, targeting its 52-week high of 56,098.70.
The Bank Nifty is in a negative trend, with a bearish candle on April 24. The daily RSI is skewed downward, suggesting a pause in momentum. Traders should monitor 55,686 for a potential reversal.
Sensex Support and Resistance
- Support Levels: 79,000–78,879. The Sensex needs to hold above 78,879 to sustain its positive trend. A break below could lead to a test of 78,500.
- Resistance Levels: 80,100–80,500. A move above 80,100 could push the Sensex toward 80,400–80,500, signaling a fresh uptrend.
The Sensex formed an inside body candle on April 24, reflecting indecision. Traders should adopt a level-based strategy, watching 79,600 for potential corrections.
Nifty50 and Bank Nifty Prediction for April 29, 2025
The Nifty50 is expected to open flat to marginally lower on April 29, 2025, with an estimated opening around 24,003, as suggested by posts on X. The Gift Nifty traded at 24,529 on April 25, indicating a potential gap-up start, but recent selling pressure and geopolitical concerns may cap upside.
- Bullish Case: If the Nifty50 holds above 24,070 and breaks 24,360, it could rally toward 24,500–24,658, driven by IT and auto sectors. Positive global cues and FII buying (₹1,290 crore on April 22) could support this move.
- Bearish Case: A failure to hold 23,980 could lead to a pullback toward 23,830–23,421, especially if banking stocks underperform. Geopolitical tensions and weak corporate earnings remain risks.
Trading Strategy: Buy on dips near 23,980 with a stop-loss below 23,830. Sell on rises near 24,360 if resistance holds. Use an Iron Butterfly strategy for consolidation around 24,000–24,500.
Bank Nifty Prediction
The Bank Nifty is likely to remain volatile, with a negative bias unless it closes above 55,686. The index’s recent correction and underperformance in stocks like Axis Bank suggest caution.
- Bullish Case: A close above 55,686 could trigger a rally toward 56,098, supported by deposit rate cuts and selective FPI interest in banking.
- Bearish Case: A drop below 55,000 could push Bank Nifty toward 54,390, with further weakness if macroeconomic concerns persist.
Trading Strategy: Short positions can be held with a stop-loss above 55,686. Long positions are viable only on a confirmed breakout above 55,686.
Top 10 Gainers and Losers: Market Movers on April 28, 2025
Based on the latest data, the Nifty50 and Sensex saw significant stock-specific action on April 28, 2025. The IT sector was a bright spot, while banking and financials faced pressure. Below are the top 10 gainers and losers from the Nifty50 and related indices, compiled in table format for clarity.
Top 10 Gainers
| Rank | Stock | Sector | % Gain |
| 1 | SBILIFE | Insurance | 5.2% |
| 2 | HCL Technologies | IT | 4.0% |
| 3 | Tech Mahindra | IT | 1.5% |
| 4 | TCS | IT | 1.2% |
| 5 | Wipro | IT | 1.0% |
| 6 | Infosys | IT | 0.8% |
| 7 | Tata Motors | Auto | 0.7% |
| 8 | Reliance Industries | Conglomerate | 0.5% |
| 9 | Maruti Suzuki | Auto | 0.4% |
| 10 | Bajaj Finance | NBFC | 0.3% |
Top 10 Losers
| Rank | Stock | Sector | % Loss |
| 1 | Shriram Finance | NBFC | -8.0% |
| 2 | PFC | Financial Services | -5.0% |
| 3 | SBICARD | Financial Services | -6.0% |
| 4 | Axis Bank | Banking | -3.5% |
| 5 | Adani Ports | Infrastructure | -3.2% |
| 6 | HDFC Bank | Banking | -2.5% |
| 7 | Kotak Mahindra Bank | Banking | -2.0% |
| 8 | SBI | Banking | -1.8% |
| 9 | Grasim Industries | Conglomerate | -1.5% |
| 10 | Adani Enterprises | Conglomerate | -1.2% |
Note: Closing prices are not specified in the source data but can be tracked live on platforms like NSE India.
Sectoral Trends and Market Drivers
IT Sector: A Bright Spot
The IT sector outperformed, with stocks like HCL Technologies, Tech Mahindra, and TCS leading gains. Positive U.S. market cues and expectations of stable global tech spending supported the rally. The Nifty IT index jumped 4% on April 28, making it a key area for bullish bets.
Banking and Financials: Under Pressure
The Bank Nifty and Nifty Financial Services index faced selling pressure, with Axis Bank, HDFC Bank, and Shriram Finance among the top losers. Deposit rate cuts provided some relief, but macroeconomic concerns and FPI outflows weighed heavily.
Auto and Realty: Mixed Performance
The auto sector saw gains in Tata Motors and Maruti Suzuki, driven by potential tariff relief. The Nifty Auto index rose 0.57%. Meanwhile, the Nifty Realty index advanced 0.69%, supported by domestic demand.
Global and Domestic Factors
- Global Cues: U.S. tariff pauses and Japan’s Nikkei rally provided mixed signals. Geopolitical tensions, particularly between India and Pakistan, rattled sentiment.
- Domestic Factors: Cooling retail inflation (3.34% in March) raised hopes of an RBI rate cut, but a widening trade deficit and policy uncertainties remain concerns.
Trading Strategies for April 29, 2025
- Intraday Trading:
- Nifty50: Buy near 23,980 with a target of 24,360 and a stop-loss at 23,830. Sell near 24,360 if resistance holds.
- Bank Nifty: Short below 55,000 with a target of 54,390 and a stop-loss at 55,686. Avoid longs unless 55,686 is breached.
- Swing Trading:
- Focus on IT stocks like HCL Technologies and TCS for bullish setups. Avoid banking stocks unless Bank Nifty closes above 55,686.
- Use Nifty50 support at 23,421 for long-term buys if a pullback occurs.
- Options Trading:
- Deploy an Iron Butterfly on Nifty50 to capitalize on consolidation between 24,000–24,500.
- For Bank Nifty, consider bearish spreads below 55,000, targeting 54,390.
Long-Term Outlook for 2025
Experts project the Nifty50 to reach 25,000–28,000 by the end of 2025, driven by domestic resilience and potential RBI rate cuts. The Sensex could hit 80,850 by year-end, though it remains below its 2024 peak of 85,978. Bank Nifty may see a gradual recovery if banking stocks stabilize, supported by attractive valuations.
However, risks like global trade tensions, U.S. economic slowdown, and domestic inflation warrant caution. Investors should focus on fundamentally strong stocks in IT, auto, and realty while monitoring banking for recovery signals.
Final Thought
The Indian stock market on April 29, 2025, presents a mix of opportunities and challenges. The Nifty50 and Sensex are at critical levels, with support and resistance guiding short-term moves. Bank Nifty remains weak, but a breakout above 55,686 could signal a trend change. IT stocks are the outperformers, while banking and financial need close monitoring. By leveraging the top 10 gainers and losers and technical levels, traders can navigate the market effectively.
Disclaimer: Investing in the stock market carries risks. Conduct thorough research and consult a financial advisor before making decisions. Data is based on sources as of April 28, 2025, and market conditions may change.
