Indian stock market update 23 april

 On April 22, 2025, the Indian stock m

arket showed resilience despite global trade concerns. The BSE Sensex closed at 78,553.20, up 1,508.91 points (1.96%), and the NSE Nifty 50 ended at 23,851.65, gaining 414.45 points (1.77%). Bank Nifty hit a record high of 55,961 before closing at 55,647, up 0.62%. The Nifty Realty index rose 2.25%, and the Nifty Pharma index advanced 1.06%. FMCG stocks like ITC and 

Hindustan Unilever were among the top gainers, driven by a UBS upgrade, while IndusInd Bank faced profit booking.Market sentiment was influenced by:Global Cues: A Wall Street sell-off and trade war fears due to U.S. tariffs persisted, 

but a 90-day tariff pause announcement boosted optimism.Domestic Factors: Positive economic indicators, FII inflows, and resilience in banking and domestic sectors like consumption and autos supported the rally.IPO Activity: The Tankup Engineers IPO opened on April 23, aiming to raise ₹19.5 crore, signaling continued investor interest in new listings.

For April 23, analysts expected the Nifty to trade between 23,500–24,500, with key support at 23,000 and resistance at 24,200. Stocks like Bajaj Finserv, BHEL, and Federal Bank were recommended for short-term trades, while domestic sectors remained favored due to India’s lower export dependency. Thanks