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Brigade Enterprises Signs ₹175 Cr JDA; Tata Power Secures 131 MW Hybrid Project

 

Brigade Enterprises Signs ₹175 Cr JDA; Tata Power Secures 131 MW Hybrid Project

Welcome to Markets Daily by Bajaj Broking, where we bring you the latest market insights to keep you ahead of the curve. Don’t forget to check out our Morning Podcast for more updates! 

Also Read: Stock Market Live Updates

Brigade Enterprises Signs ₹175 Cr JDA; Tata Power Secures 131 MW Hybrid Project

Global Markets Overview

US markets fell sharply as President Trump pressured Fed Chair Powell to cut rates, citing "virtually no inflation." The Dow, Nasdaq, and S&P 500 all dropped over 2%. Treasury yields were mixed, the Dollar Index stood firm at 98.5, and gold hit a fresh high amid heightened trade tensions.

Dow Jones: ▼ 2.5% at 38,170.4

Nasdaq: ▼ 2.6% at 15,870.9

S&P 500: ▼ 2.4% at 5,158.2

All US sectors closed in the red, led by consumer discretionary and technology. Notably, Tesla and Alphabet are set to report earnings later this week.

Also Read: India, France To Sign Rs 63,000 Crore Rafale-M Deal On April 28

BRIGADE ENTER. LTD

Trade

1020.77.60 (0.75 %)

Updated - 30 April 2025
1042.00day high
DAY HIGH
998.60day low
DAY LOW
5966
VOLUME (BSE)

Asian Markets:

Asian indices mirrored Wall Street’s declines.

Japan's Nikkei 225 and Topix traded flat.

South Korea’s Kospi slipped 0.34%.

Hang Seng futures hovered around 21,285.

Gift Nifty signals a flat to negative opening for Indian markets today.

Indian Markets Recap

Indian equities continued their rally, bucking global weakness.

Sensex: ▲ 1,508.91 pts (1.96%) at 78,553.20

Nifty: ▲ 414.45 pts (1.77%) at 23,851.65

Both indices ended the holiday-shortened week up 4.5% each, driven by strong financials and foreign inflows. Telecom, PSU banks, oil & gas, pharma, auto, energy, and private banking sectors led the charge with 1-2% gains. Meanwhile, IT stocks lagged initially due to cautious commentary from Wipro but managed a late-session recovery.

Broader markets saw moderate gains with the BSE Midcap and Smallcap indices up by 0.5% each.

Also Read: Biocon Board To Consider Fundraising Proposal On April 23, 2025

Stock Highlights

Brigade Enterprises signs JDA for a ₹175 crore plotted development project in East Bengaluru.

Tata Power Renewable Energy inks PPA with Tata Motors for a 131 MW wind-solar hybrid project.

FII/DII Data (Provisional):

FIIs: Net bought ₹1,970.17 crore

DIIs: Net bought ₹246.59 crore

Nifty Short-Term Outlook

The Nifty extended gains for the fourth straight session, forming a strong bullish candle with a higher high and higher low. On the monthly chart, it marked a higher high, reaffirming a sustained positive trend.

Immediate Resistance: 23,970 & 24,050

Support Levels: 23,770 & 23,650

The broader outlook remains constructive. With the daily stochastic indicators entering overbought territory after a sharp 1,400-point rally, some consolidation is expected. However, dips should be viewed as buying opportunities.

Also Read: Government Denies GST on UPI Payments Above Rs 2,000

Key Support for Broader Trend: 23,200

Gift Nifty Range: Expected to trade between 23,500 - 24,200.

Targets: If sustained above 24,300, Nifty could march towards 24,550–24,850. Strong support exists at 23,850–23,900.

Options Data: Suggests a trading range of 24,000–24,500 for Nifty and 55,000–55,500 for Bank Nifty.

Bank Nifty Intraday Levels

Resistance: 54,650 & 54,930

Support: 53,950 & 53,600 

Also Read: India Targets Rs 50,000 Crore in Defence Exports by 2030

That's a wrap for today! Stay informed and make confident trading decisions with Bajaj Broking! Don’t forget to subscribe to our podcast.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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