📊 Nifty hits this year's high; closes around flat
Here's how the market panned out today! ⬇️#Nifty #StockMarket pic.twitter.com/BoJSvUklYD
— ET NOW (@ETNOWlive) April 29, 2025
The stock market is set to open higher on Monday, with futures tracking the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all pointing to gains. This continues the recent winning streak for the major indices. Investors are gearing up for a busy week of corporate earnings reports and economic data releases.
Major companies such as Coca-Cola, General Motors, and Pfizer are scheduled to report their results today. Later in the week, tech giants Apple, Amazon, Microsoft, and Meta Platforms will also share their earnings. In addition to corporate earnings, key economic indicators will be released this week.
Stock market today, 29 April: Trent top gainer as Nifty, Sensex end flat – Investors turning cautious again? Closing Bellhttps://t.co/HeFT5D3zLf
— ET NOW (@ETNOWlive) April 29, 2025
S&P 500 wrapped up last week with four consecutive days of positive gains…longest streak since mid-January
[Past performance is no guarantee of future results] pic.twitter.com/6O2Xl1oe1z— Liz Ann Sonders (@LizAnnSonders) April 28, 2025
These include data on inflation, gross domestic product, and employment, which will provide insights into the economic conditions of the first quarter. The market’s trajectory has been influenced by political developments during the first 100 days of President Donald Trump’s second term.
Cramer expects market to rise
After setting records in February, stocks experienced a drop due to the introduction of new tariffs. However, delays in the implementation of these tariffs have allowed for a recovery. President Trump is expected to announce changes to auto tariff policies in Warren, Michigan, which could further impact the market.
Bond yields were slightly higher on Monday after falling in the previous session. The yield on the 10-year Treasury note stood at 4.239%, while the 2-year note yielded 3.719%. The dollar index, which measures the strength of the U.S. dollar against a basket of currencies, was on the rise, although it remains down nearly 9% since the beginning of the year.
While the current market sentiment is optimistic, supported by earnings expectations and anticipation of economic reports, uncertainties surrounding the impact of tariffs persist. Investors are closely monitoring company forecasts and guidance to gauge future performance. As the week unfolds, the stock market’s direction will be shaped by the interplay of corporate earnings, economic data, and political developments.
