Share Market Weekly
- Share.Market
- 3 min read
- 01 May 2026
Highlights
Nifty 50 24,044.35 +0.61%
| Monday | 🔼 0.81% |
| Tuesday | 🔻 0.40% |
| Wednesday | 🔼 0.76% |
| Thursday | 🔻 0.74% |
What moved the market?
Top Gainers & Top Losers
| Nifty Oil & Gas | 🔼 3.20% | Nifty PSU Bank | 🔻 3.73% |
| Nifty Pharma | 🔼 3.05% | Nifty Financial Services | 🔻 1.85% |
| Nifty IT | 🔼 2.89% | Nifty Private Bank | 🔻 1.63% |
Markets this week
| Nifty Midcap 150 | 22,000.05 (🔼 0.57%) |
| Nifty Smallcap 250 | 16,731.20 (🔼 1.93%) |
| India VIX | 18.46 (🔻6.34%) |
Technical Analysis
The Nifty 50 ended the week up by +0.61%, winning approximately +146.40 points to close at 24,044.35.
- Immediate Resistance: 24,700-24,750
- Immediate Support: 22,250 – 22,300
The Nifty Midcap 150 index closed the week at 22,000.05, marking a weekly gain of +0.69%.
- Immediate Resistance: 22,600 – 22,700
- Significant Support: 21,500 – 21,400
The Nifty Smallcap 250 index closed the week at 16,730.90, witnessing a weekly gain of approximately +1.93%.
For the upcoming sessions:
- Key Resistance Level: 17,250 – 17,400
- Key Support Level: 15,750 – 15,600
This Week’s Spotlight Story
A deep dive into the headline that defined market conversations.
India And New Zealand Signed a Historic Free Trade Agreement
On April 27, 2026, India and New Zealand signed a comprehensive Free Trade Agreement (FTA), concluded in a record nine months following the start of negotiations in March 2025. The pact eliminates duties on 100% of Indian exports, aiming to boost labour-intensive sectors such as textiles, apparel, leather, footwear, gems and jewellery, and engineering goods. Alongside enhanced market access, the agreement secures a USD 20 billion investment commitment from New Zealand over 15 years. India has offered market access in 70.03% of tariff lines while keeping 29.97% in exclusion, effectively protecting sensitive domestic sectors, including dairy, sugar, and various agricultural and animal products.
Beyond merchandise trade, which reached USD 1,298 million in 2024-2025 with India maintaining a positive trade balance, the FTA expands opportunities in services and mobility. New Zealand has facilitated Health and Traditional Medicine Services for the first time, promoting India’s AYUSH disciplines globally. The agreement also establishes a Temporary Employment Entry (TEE) Visa pathway with a quota for 5,000 skilled Indian professionals and extends post-study work visas for STEM graduates. To modernise customs, the pact mandates standard cargo clearance within 48 hours, while selected agricultural imports from New Zealand, such as kiwifruit, apples, and Mānuka honey, will be managed through a Tariff Rate Quota (TRQ) system paired with Minimum Import Prices to protect domestic farmers.
That’s a wrap for this week.
As the markets pause to catch their breath, we’ll be back next week with sharper insights and stories to help you invest intelligently.
