Nifty Slips, GST Soars: Market Update

In today’s episode of Indian Market in Minutes from the Motilal Oswal Research Desk, host Shivangi Sarda takes you through a mixed global market landscape, impacted by the US reciprocal tariff push and a surprisingly strong US Manufacturing PMI. Despite global turbulence, domestic data brings hope as March’s GST collections surge by 10%, crossing ₹1.96 lakh crore. On the Nifty front, the index opened gap down by 180 points, attempted a brief recovery, but closed with a loss of 350 points, forming a bearish candle. Market volatility rose, with India VIX increasing by nearly 9%. Nifty is expected to trade within the 22600 to 23700 range, with immediate support at 23000 and resistance at 23400. In the Equity Cash Market, FIIs remained net sellers (₹5902 crores), while DIIs were net buyers (₹4323 crores). Bank Nifty also showed signs of weakness, struggling to hold above 51000. Stocks to Watch: Positive momentum: Indus Tower, Trent, Bank of India, Angel One, BPCL, GMR Airports, and more. Weak signals: Voltas, Naukri, Divis Lab, Godrej Properties, Lupin, and KPIT Tech. Stay ahead in the trading game by following our podcast for daily updates and actionable insights!