Cautious Start on D-Street: Volatility Expected Amid F&O Expiry and Earnings Rush
After extending its winning streak for the seventh consecutive session on Wednesday, the Indian equity benchmark indices are likely to open on a cautious note.
At 8:08 AM, Gift Nifty is trading down by 66 points at 24,245 level. However, as the day progresses volatility is expected to spike amidst April F&O series expiry. So far in the April derivative contract series, the Nifty 50 index has gained 3.12%.
Along with F&O expiry, earnings will also be in focus. A total of 37 listed companies are set to announce their Q4FY25 results today. Among these, investors will be closely watching earnings of key stocks such as Hindustan Unilever, Axis Bank, Nestle India, SBI Life Insurance, Tech Mahindra, Macrotech Developers, Adani Energy Solutions, and SBI Cards & Payment Services.
On April 23, 2025, FIIs were net buyers, purchasing Rs 3,332.93 crore worth of shares. In the last six trading sessions, FIIs have been on a buying spree, while DIIs sold Rs 1,234.46 crore.
Asian stock markets mostly traded in green on Thursday, drawing strength from the previous night’s gains on Wall Street. The positive sentiment was supported by a decline in US-China trade tensions.
Japan's Nikkei 225 climbed more than 1%, and China’s Shanghai Composite added 0.44%. Meanwhile, Hong Kong’s Hang Seng index was down by 0.35%.
U.S. markets closed in green on Wednesday amid renewed optimism over potential advancements in the U.S.-China trade talks. However, major indices pared gains by the closing bell. The Dow Jones Industrial Average climbed 419 points, or 1.07%, finishing at 39,606. The S&P 500 advanced by 88 points, marking a 1.67% rise to settle at 5,375. Meanwhile, the Nasdaq Composite surged 407 points, or 2.5%, ending the session at 16,708..
The White House is considering the possibility of reducing tariffs on Chinese imports. However, any such decision would be tied to ongoing discussions with Beijing and would not be implemented independently.
Gold prices pulled back sharply from their recent record highs as investors shifted focus towards riskier assets. Spot gold declined by 3%, trading at $3,281.6 per ounce, after touching an all-time peak of $3,500.05 in the prior session.
Disclaimer: The article is for informational purposes only and not investment advice.
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