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Zydus Life's USFDA Nod, Galaxy Surfactants' Dividend, and FII-DII Market Moves

Zydus Life's USFDA Nod, Galaxy Surfactants' Dividend, and FII-DII Market Moves


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

 

Zydus Life's USFDA Nod, Galaxy Surfactants' Dividend, and FII-DII Market Moves

Global Market Overview

Global markets ended the week on a mixed note, with the S&P 500, Dow Jones, and Nasdaq rebounding on Friday. However, they still registered their fourth straight losing week due to trade war concerns and a drop in consumer sentiment. Key economic data, including we and China retail sales and industrial production, alongside central bank meetings from the US, UK, and Japan will influence the market’s direction.

Treasury yields increased, while gold surged past $3,000 due to inflation fears. Asian markets opened on a positive note as China announced new measures to boost consumption.

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Indian Market Outlook

Nifty is expected to consolidate within the 22,300-22,700 range, maintaining a short-term bullish outlook unless it breaches the 22,200 support level. Key stocks in focus include Zydus Life, Galaxy Surfactants, and KEC International, while derivatives data suggest strong put support at 22,200 and resistance at 22,700.

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ZYDUS LIFESCIENCES LTD

Trade

888.250.20 (0.02 %)

Updated - 30 April 2025
901.85day high
DAY HIGH
883.00day low
DAY LOW
907542
VOLUME (BSE)

Top News Today:

  1. Zydus Life receives final approval from the USFDA for Eluxadoline Tablets, strengthening its US market presence. 

  2. Galaxy Surfactants announces an ₹18 per share interim dividend for FY25, rewarding its investors. 

  3. FIIs net sold ₹792.90 crore, while DIIs were net buyers with ₹1,723 crore inflows, showing strong domestic support amid volatility.

Market in the Previous Session

On Thursday, benchmark indices closed near their day's lows, with Nifty slipping below 22,400 due to weakness in IT and banking stocks. The index initially crossed 22,500 but saw mid-session profit booking, closing lower.

  • Sensex: Down 201 points (0.27%) at 73,828.91

  • Nifty: Declined 73 points (0.33%) to 22,397.20

  • BSE Midcap & Small-cap indices: Down 0.7% each

Sectoral Performance:

  • Decliners: Auto, IT, Metal, Media, Realty (down 0.5-1% each)

  • Gainers: PSU Bank Index (up 0.5%)

Also Read: BEML Signs MoUs with Siemens India and Dragflow Italy for Rail, Dredging

Nifty Short-Term Outlook

Nifty formed a bear candle on Thursday, enclosed within the previous session’s high-low range, indicating consolidation with a corrective bias near the 50% retracement level of the previous uptrend (21,965–22,676). The index has taken four sessions to retrace 50% of its prior four-session rally, suggesting strength.

We expect Nifty to hold above the 22,300-22,200 support zone and extend its pullback towards 22,700–23,000 levels in the coming sessions. A breach below 22,200 could indicate a downward bias, potentially leading to further declines towards 22,000–21,700.

Also Read: Understanding Incubated Funds

Intraday Levels for Nifty:

  • Resistance: 22,570 & 22,680

  • Support: 22,310 & 22,200

Global & Asian Markets Update

The S&P 500 rallied on Friday, led by tech stocks, but still closed its fourth straight losing week amid trade war concerns and weakening consumer sentiment. The Dow Jones gained 1.7%, the S&P 500 rose 2%, and the NASDAQ surged 2.6%.

The University of Michigan's Consumer Sentiment Index fell to 57.9 in March, the lowest since November 2022, reflecting rising uncertainty over tariffs and economic outlook.

Key Global Economic Events This Week:

  • US Federal Reserve, Bank of Japan, and Bank of England meetings (March 19-20)

  • US and China Retail Sales & Industrial Production Data (March 18)

  • Developments in global trade war talks

Asia-Pacific Market Performance:

  • Japan: Nikkei 225 +0.99%, Topix +1.10%

  • South Korea: Kospi +1.23%, Kosdaq +0.32%

  • China: Announced measures to boost consumption by increasing incomes

Indian Markets: Positive Opening Expected

Gift Nifty suggests a positive start for Indian markets, mirroring a pullback in global equities. Nifty is likely to trade within 22,300–22,700.

Final Thoughts

With a crucial week ahead, markets will closely monitor central bank meetings, economic data releases, and global trade tensions. Stay updated with Markets Daily by Bajaj Broking for in-depth option chain analysis, key trends, and expert insights to make informed investment decisions. Don’t forget to subscribe for daily insights!

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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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