Market Pulse: Confirmed Uptrend

On April 17, Nifty confirmed a follow-through day, advancing approximately 1.77% on higher volume compared to the previous session, signaling renewed strength in the market. Similarly, Sensex is up around 1.96% on volume higher than yesterday’s session. As a result, market status has been upgraded to Confirmed Uptrend. Market breadth continues to improve, with leading stocks across multiple sectors showing strong momentum.

In the current environment, stocks breaking out of early-stage bases, exhibiting higher relative strength, and backed by strong fundamentals are well-positioned for potential outperformance. Rather than speculating on market movements, we will closely track price action and adapt to evolving conditions.
However, should the distribution day count increase or Nifty breach key support levels, we may downgrade the market status to "Uptrend Under Pressure" to reflect heightened risk.
Buy Watchlist
Pg Electroplast, Page Industries, Godfrey Phillips India, Fortis Healthcare, ICICI Bank, Divis Laboratories, Bajaj Finserv and view more.
Key News & Earnings Updates
Reliance Industries Q4 FY25 profit grows 6.4% to Rs 22,611 crore and revenue increases 8.8% to Rs 2,88,138 crore.
L&T Finance Q4 FY25 profit grows 14.9% to Rs 636.2 crore and revenue increases 3.8% to Rs 2,423.1 crore.
Idfc First Bank Q4 FY25 standalone Profit tanks 58% to Rs 304.1 crore and Net interest income grows 9.8% to Rs 4,907.2 crore.
Mahindra & Mahindra a to acquire 58.96% stake in SML Isuzu for over Rs 550 crore.
Macrotech Developers Shares in Spotlight as Company Plans Rs 8,000 Crore Investment in Land Acquisition This Fiscal
Earnings Due Today: Indian Railway Finance Corporation, Adani Green Energy, Awl Agri Business Limited, Adani Total Gas, T V S Motor, Ultratech Cement, Aditya Birla Sun Life Amc, and Csb Bank
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Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.