Stock Market Today: In the week ending April 11, 2025, the Indian stock market saw mixed results. The Nifty 50 index ended slightly lower despite market fluctuations. Bank Nifty fell by 1%, closing at 51,002.35. Sectors like realty, metals, and IT experienced losses while FMCG and energy stocks performed relatively better. Broader markets were mostly flat.
Experts believe that the Nifty 50 index could maintain its recovery trend as long as it remains above the 22,500 level. If the index manages to cross the 23,000 mark, it may climb further toward 23,200. Similarly, Bank Nifty has crucial support zones at 51,000 and 50,500 levels. These levels will be closely watched by investors and traders in the coming days.
The holiday-shortened week ahead may be influenced by updates on U.S.-China trade tensions. Back home, market sentiment is expected to be shaped by corporate earnings announcements. Major companies like Wipro, Infosys, HDFC Bank and ICICI Bank are set to release their Q4 results. These reports could drive sector-specific movements, especially in IT and banking.
Several analysts have shared their stock recommendations for the day:
1. Rainbow Children’s Medicare Ltd
– Buy at: ₹1530.85
– Target: ₹1685
– Stop Loss: ₹1455
The stock has shown signs of a bullish reversal with a rounding bottom pattern on its daily chart. If it crosses ₹1550, it could rally further.
2. Power Grid Corporation of India Ltd
– Buy at: ₹304.10
– Target: ₹335
– Stop Loss: ₹289
The stock recently broke out of a downward trendline, supported by strong volumes. A close above ₹305 could trigger a move toward ₹340–₹350.
3. Mahindra & Mahindra Ltd
– Buy at: ₹2580
– Target: ₹2700
– Stop Loss: ₹2530
M&M has bounced back from previous lows and shows strong momentum with rising volume and improving RSI indicators.
4. CG Power and Industrial Solutions Ltd
– Buy at: ₹572
– Target: ₹605
– Stop Loss: ₹562
The stock formed a double bottom and is showing upward movement. Technical indicators suggest further upside potential.
5. Chalet Hotels Ltd
– Buy at: ₹819.80
– Target: ₹860
– Stop Loss: ₹800
With a higher bottom pattern and support from the 50-day EMA, the stock could continue its upward trend.
The market remains cautiously optimistic, with key levels and global cues likely to guide the short-term trend. Investors are advised to monitor the Nifty index’s movement around 22,500 and 23,000 levels. The upcoming earnings season and global developments will also play a crucial role. For those looking to trade, the stocks listed above offer potential opportunities based on technical analysis.
Disclaimer: The views in this article are based on expert opinions and should not be considered financial advice. Please consult a certified financial advisor before investing.
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