Overview

• The Nifty 50 index closed at 23,851 after a 4.48% weekly gain, marking its strongest performance since February 2021.
• The rally was fueled by optimism over potential tariff negotiations, an accommodative Reserve Bank of India stance, and a strengthening rupee.
• Foreign institutional investors were net buyers, injecting ₹4,667.94 crore into Indian equities, while domestic investors added ₹2,006.15 crore on April 17.
• Gold prices surged to record highs, reflecting safe-haven demand amid ongoing US-China trade uncertainties and mixed Asian market performance.
• Technical patterns, including an inverted head-and-shoulders formation, suggest the Nifty could test levels near 25,650 if momentum holds.