Indian Markets Poised for Cautious Start Amid Global Trade Developments

Cautious Start Expected for Indian Markets as Global Trade Unfolds

Written by: Supriya Kadu

Edited by: Pinky Deshmukh

Last Updated: April 24, 2025

Summary: Indian equity markets are expected to open slightly lower, influenced by mixed global cues and ongoing U.S.-China trade discussions.

Indian stock markets are anticipated to begin Thursday's session on a cautious note, following a seven-day rally that propelled the Nifty to a four-month high. The GIFT Nifty was down 50.50 points, or 0.21%, at 24,261, suggesting that domestic markets had a slow start.

The recent upward momentum in Indian stocks has been propelled by steady buying by foreign institutional investors (FIIs) and positive global market indicators. FIIs' net short holdings decreased significantly from ₹78,335 crore on Tuesday to ₹70,771 crore on Wednesday, indicating continued investor confidence.

Analysts are bullish on the market's future due to strong domestic fundamentals and ongoing buying activity. They do, however, warn investors to keep a close eye on any changes in U.S. tariff intentions as they may have an impact on sentiment in the global market.

The Nifty has significant support near 24,000–23,900 from the 200-day simple moving average and recent breakout levels, while immediate support is available in the 24,150–24,100 zone. Resistance is expected to be found at 24,550, marking the 61.8% retracement of the slide from the all-time high.

In conclusion, investors may decide to stay off today while taking into account both domestic economic data and advancements in international commerce, even if Indian markets continue to be strong.