Positive Market Trends After Tariff Pause

The Indian stock market experienced a remarkable surge, fueled by optimistic sentiments following US President Donald Trump’s announcement of a 90-day freeze on tariffs imposed on trade partners. This announcement led to a significant uptick in key indices on Friday. The Nifty 50 index opened at 22,695 and concluded the day at 22,828, reflecting a substantial intraday gain of 429 points. Similarly, the BSE Sensex saw an impressive rise, starting at 74,835 and closing at 75,157, yielding an extraordinary 1310-point increase during trading.

Bank Nifty Performance

The Bank Nifty index also joined the rally, starting with a gap-up at 50,634 and finishing at 50,995, marking a gain of over 750 points throughout the day. This overall positive sentiment indicates a bullish trend in the Indian stock market.

Insights from Market Experts

Sumeet Bagadia, the Executive Director at Choice Broking, expressed his view that the Indian stock market is shifting toward a more favorable bias. He mentioned that the Nifty 50 index has successfully surpassed the 22,800 mark on a closing basis. However, he cautioned that the index might encounter resistance at the 23,000 to 23,100 levels. A decisive break above these points could position the index to reach 23,400 in the near future.

Stock Recommendations for April 15, 2025

On April 15, 2025, Bagadia recommended three stocks for traders to consider—ONGC, Kotak Mahindra Bank, and Bharti Airtel. Here’s a closer look at these recommendations:

• ONGC: Current Price ₹230.37

  • Target: ₹255
  • Stop Loss: ₹219
  • ONGC’s stock is presently consolidating in a demand zone, indicating a potential reversal. A sustained price above ₹235 could trigger an upward movement toward ₹255, supported by favorable trading volumes and a positive RSI of 46.39.

• Kotak Mahindra Bank: Current Price ₹2,111.20

  • Target: ₹2,325
  • Stop Loss: ₹2,005
  • The shares of Kotak Mahindra Bank are in a long-term uptrend and recently experienced a healthy correction. A breakout above recent highs could confirm the upward trajectory, with the RSI at 57.61, indicating increasing momentum.
• Bharti Airtel: Current Price ₹1,756.60
  • Target: ₹1,930
  • Stop Loss: ₹1,670
  • Bharti Airtel is showing signs of accumulation within a broad range. A move above ₹1,780 could signal a breakout, with the RSI at 60.79, suggesting strengthening bullish momentum.

Conclusion

With the Indian stock market reacting positively to external economic factors, investors have a unique opportunity to capitalize on these trending stocks. As always, it’s crucial to manage risk effectively by setting appropriate stop-loss levels. Keeping an eye on market movements will help traders make informed decisions in this evolving landscape.