Mumbai: The Indian stock market exhibited a steady yet volatile performance on 29 April 2025, with the Nifty 50 closing marginally higher by 7.45 points (0.03%), ending the day at 24,335.95. The index hovered in a narrow band throughout the session, touching an intraday high of 24,457.65 and a low of 24,290.75, opening at 24,370.70.
Also Read: 28 April 2025 – NIFTY 50 Surges 289 Points | Top Gainers and Losers | Detailed Market Report
Despite the flat closing, several midcap and smallcap stocks displayed strong price action, leading to remarkable gains and losses. The broader market mood was mixed as key sectoral indices, including Nifty Next 50, Nifty Financial Services, and Nifty Bank, ended in red.
Key Index Performances: Sectoral Weakness Prevails
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,335.95 | +7.45 | +0.03% |
| Nifty Next 50 | 64,892.35 | -151.10 | -0.23% |
| Nifty Financial Services | 26,193.85 | -97.80 | -0.37% |
| Nifty Bank | 55,391.25 | -41.55 | -0.07% |
| Nifty IT | 24,870.00 | -3.60 | -0.01% |
Most sectoral indices closed lower amid weak global cues and profit booking. Financials and banking stocks remained under pressure, pulling down the overall sentiment. However, selective buying in defense and technology-oriented stocks supported the Nifty 50 from slipping into the red.
Top 5 Gainers on NSE (29 April 2025)
| Stock | Last Traded Price (₹) | Change (₹) | % Change | Volume (Lakhs) | Value (₹ Cr) |
|---|---|---|---|---|---|
| DATAPATTNS | 2,570.00 | +333.80 | +14.93% | 78.55 | 1,933.26 |
| PARAS | 1,372.50 | +228.75 | +20.00% | 82.99 | 1,056.89 |
| GRSE | 1,964.00 | +214.40 | +12.25% | 176.40 | 3,383.49 |
| TBOTEK | 1,126.50 | +113.00 | +11.15% | 19.76 | 217.81 |
| MALUPAPER | 42.24 | +7.04 | +20.00% | 12.00 | 4.95 |
🟢 Defence and Technology in the Limelight
🟢 Defence and Technology in the Limelight-
Data Patterns (DATAPATTNS) surged nearly 15% after robust quarterly results and renewed investor confidence in defense-related stocks.
-
Paras Defence also hit a 20% upper circuit, driven by large order inflows and strategic partnerships.
-
Garden Reach Shipbuilders (GRSE) rallied over 12%, as the company secured new contracts from the Ministry of Defence.
-
TBO Tek, newly listed on exchanges, maintained momentum post-listing gains.
-
Malu Paper Mills joined the top gainer list with a 20% rise, likely due to speculative buying at lower valuations.
Top 5 Losers on NSE (29 April 2025)
| Stock | Last Traded Price (₹) | Change (₹) | % Change | Volume (Lakhs) | Value (₹ Cr) |
|---|---|---|---|---|---|
| GODIGIT | 288.00 | -21.15 | -6.84% | 48.05 | 147.16 |
| GLOBALVECT | 201.00 | -18.68 | -8.50% | 0.79 | 1.62 |
| SHIVAMILLS | 73.25 | -5.96 | -7.52% | 1.01 | 0.76 |
| MANAKSIA | 65.76 | -5.21 | -7.34% | 2.06 | 1.40 |
| LFIC | 208.01 | -15.59 | -6.97% | 0.42 | 0.90 |
🔴 Profit Booking and Weak Fundamentals Drag Losers
🔴 Profit Booking and Weak Fundamentals Drag Losers-
Godigit fell over 6.8%, amid concerns over valuation and broader insurance sector weakness.
-
Global Vectra Helicorp, a thinly traded stock, plunged more than 8%, likely due to lack of institutional interest and low liquidity.
-
Shiva Mills and Manaksia declined over 7% on the back of weak Q4 results.
-
Lakshmi Finance & Industrial Corp (LFIC) also faced selling pressure without any significant news flow.
Market Sentiment and Expert Insights
According to market analysts, today’s flat closing reflects a wait-and-watch mode among investors ahead of the U.S. Federal Reserve meeting scheduled this week. Concerns over interest rate directions, global recessionary pressures, and mid-quarter earnings have kept the mood cautious.
“The broader market showed stock-specific action with defense and government-backed firms witnessing strong traction. However, overall sentiments remain tethered to global economic indicators,” said Meera Sinha, Head of Research at Axis Wealth.
Foreign Institutional Investors (FIIs) were net sellers, while Domestic Institutional Investors (DIIs) tried to provide support through selective buying.
Technical View: What’s Next for Nifty 50?
The Nifty 50 continues to face resistance near 24,450, while support is expected around 24,200. Technical charts show consolidation, hinting at an upcoming breakout or breakdown depending on global cues.
Short-term traders are advised to stay sector-specific, with bullish outlooks on defense, PSU, and technology stocks, and cautious positions in finance and real estate.
Conclusion: A Day of Stability Amid Uncertainty
The Indian stock market on 29 April 2025 remained range-bound, displaying resilience in the face of global volatility. While major indices stayed flat, individual stocks told a different story, especially in sectors like defense and manufacturing. With Data Patterns, GRSE, and Paras leading the gains and Godigit and Global Vectra facing sharp cuts, investors witnessed a clear shift toward fundamentally strong, government-backed, or tech-driven companies.
The coming days will likely depend on global monetary policy, earnings season updates, and institutional flows, with a focus on geopolitical stability. Market participants are encouraged to maintain a diversified portfolio, avoid speculative bets, and track macroeconomic trends closely.
For real time Stock updates, visit NSE website.
