Nifty, Sensex May Rebound Today as GIFT Nifty Points to Strong Opening
Indian stock markets may open higher today as global tensions ease. After two days of losses, GIFT Nifty signals a gap-up start for Nifty and Sensex. Experts advise investors to stay cautious and watch key support and resistance levels.
09:15 AM Apr 28, 2025 IST
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Aakash Khuman
Nifty, Sensex: Indian stock markets are likely to open higher today, April 28, after facing losses in the past two sessions. GIFT Nifty was trading 180 points up at 7:30 AM, indicating a strong start for both the Nifty and Sensex.
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Markets Closed Lower in the Last Session
On the previous day, both the Nifty 50 and Sensex closed with losses due to rising geopolitical tensions. The Sensex dropped by 589 points to 79,213, while the Nifty slipped by 207 points to 24,039.
Weekly Gains Despite Recent Losses
Even though the markets saw some pressure recently, they managed to post a weekly gain of around 1%. Mid-cap, small-cap, and most sector indices also showed positive returns.
IT and Auto Stocks Lead the Way
After several weeks of poor performance, IT stocks bounced back this week thanks to strong Q4 earnings. Auto stocks also performed well as fears about a tariff war started to fade.
Wall Street Ends Higher; Global Cues Mixed
US stock markets closed higher on Friday. The Dow Jones rose 0.05%, the S&P 500 gained 0.7%, and the Nasdaq jumped 1.26%. Investors were optimistic due to better earnings and signs of easing US-China trade tensions.
Asian markets started the week on a mixed note. While Japan's Nikkei-225 moved up, South Korea’s Kospi and Hong Kong’s Hang Seng index were trading lower.
Experts Advise Caution Amid Geopolitical Risks
Experts say that the markets had become overstretched after a sharp rally. Due to ongoing geopolitical risks, investors have started booking profits.
Rajesh Bhosale, Equity Technical Analyst at Angel One, mentioned that the 23,900–23,800 zone is a strong support area. If markets fall below this level, there could be a deeper correction toward 23,500–23,300. On the higher side, resistance is expected between 24,250–24,350.
He also warned traders that the market's next move might not be as smooth as the recent rally and advised careful monitoring of key levels.
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