Indian equities continued their upward trajectory on April 22, with the BSE Sensex rising 187 points to close at 79,595.59 and the Nifty 50 gaining 41.70 points to settle at 24,167.25. This marks the sixth consecutive session of gains, driven by strong performances in the financial sector and positive domestic indicators. ​.

🏦 Banking & Financial Services

• Kotak Mahindra Bank & HDFC Bank: Shares rose 2.3% and 2.1% respectively, benefiting from the Reserve Bank of India's liquidity measures aimed at easing funding pressures on banks. 

• IndusInd Bank: Despite the sector's overall gains, IndusInd Bank's stock fell nearly 4% following news of a second forensic audit over a ₹6 billion discrepancy in interest income. ​

• 360 ONE WAM: Shares increased by 2% after announcing the acquisition of UBS's Indian wealth management business for ₹3.07 billion, with UBS acquiring a 4.95% stake in 360 ONE.

⚡ Energy & Infrastructure

• JSW Energy: Analysts recommend buying between ₹520–525, citing a flag pattern breakout and positive momentum indicators.

• BHEL & IREDA: Highlighted among top trading ideas for the day, with expectations of short-term gains.

🏗️ Industrials & Real Estate

• Oberoi Realty: Recommended for purchase between ₹1,655–1,675, supported by positive technical indicators. ​

• Shankara Building Products, Avalon Technologies, Vadilal Industries, Kfin Technologies, and Azad Engineering: Identified as breakout stocks with strong technical setups, suggesting potential for upward movement.

🧪 Technology & Consumer Goods

• Infosys: JP Morgan has set a target price of ₹1,861, indicating confidence in its long-term prospects.

• HCL Technologies: Among the 16 companies set to report Q4 results, drawing investor attention. ​

• Hindustan Unilever (HUL): Shares are in focus after completing the acquisition of a 90.5% stake in Uprising Science, the parent company of skincare brand Minimalist, for ₹2,706.44 crore.

🛢️ Commodities & Currency

• Metal Stocks: Gained 1% following the government's imposition of a 12% safeguard duty on select steel imports to counter the surge in imports. ​

• Gold: Prices hit a record high of ₹1,00,484 per 10 grams, driven by global uncertainties and increased demand ahead of Akshaya Tritiya. ​Indian Rupee: Slightly weakened against the U.S. dollar, finishing at 85.1875, influenced by a broader dip in Asian currencies due to concerns over escalating U.S.-China trade tensions. ​

📊 Market Outlook

Analysts anticipate the positive trend in Indian equities to persist, supported by favorable domestic indicators and strong performances in key sectors. Technical analysis suggests a potential 4% rise in the Nifty by mid-May, backed by bullish signals such as an Ichimoku breakout and positive MACD.

Source: Taken from multiple website

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