10 Key Points to Understand Before the Market Opens

The Indian stock market is set to open higher on April 23, with the Sensex and Nifty indices showing positive trends. The GIFT Nifty is indicating a firm start for the broader index with a gain of 32 points, or 0.14 percent.

On April 22, the Indian equity indices continued their upward trajectory for the second consecutive session, buoyed by positive global cues and a slight easing of tensions between Iran and Israel. The Sensex closed up by 560.29 points, or 0.77 percent, at 73,648.62, while the Nifty ended the day higher by 189.40 points, or 0.86 percent, at 22,336.40.

The pivot point calculator suggests that the Nifty 50 may face resistance at the 22,353 level, with immediate support at 22,236. Traders and investors are advised to stay tuned to Moneycontrol for updates on currency and equity markets, as well as important headlines that could impact both Indian and international markets.

In other news, Reliance Industries reported a net profit of Rs 21,243 crore for the fiscal fourth quarter, driven by a recovery in its core oil-to-chemicals business. The company’s board also approved a dividend payout of Rs 10 per share.

Additionally, Macquarie Group has launched a $1.5 billion Electric Vehicle financing platform called Vertelo, with a focus on electrifying commercial vehicle fleets and investing in charging infrastructure solutions.

Overall, the global markets are showing positive signs, with Wall Street ending higher on Monday and Asian markets trading up in early trade on Tuesday. Investors are keeping an eye on key economic indicators and corporate earnings reports for further market direction.