Red Alert: The largest Nifty losers were Shriram Finance, Wipro, Bajaj Finance, ICICI Bank, and Bajaj Finserv, while the largest gainers were ONGC, Hindalco Industries, Maruti Suzuki, Nestle India, and Bharti Airtel.
Indian equity indices experienced losses for the second consecutive session on April 15, due to widespread selling amid Israel and Iran tensions. The Sensex and Nifty fell by 1.144% and 1.10% respectively, with the Nifty falling around 22,250.
Sectors and stocks
Sectoral indices, except oil & gas and metal, ended in red, with BSE midcap and smallcap down 1.5% each. SAIl, Exide Industries, Mahanagar Gas, ONGC, Indus Towers, Gujarat Gas, Coforge, Atul, Bandhan Bank.
Over 150 stocks reached their 52-week high, including Exide Industries, SAIL, Honeywell Automation, Hindalco Industries, Aegis Logistics, Anand Rathi, Ashiana Housing, Aster DM Health, Bharat Electronics, HEG, Puravankara, Thermax, Vedanta, and Waaree Renewable.
April 16 Forecast
Global jitters and tepid Indian markets began the week, with attempts at recovery but bears dragging the Nifty Index lower. Media and PSU Banks were the worst performers. Mid and Smallcaps corrected more, losing 1.57% and 1.73% respectively. If correction continues, the Index may reverse from 22,185 support level.
Middle-East conflict between Iran and Israel has impacted Dalal Street, leading to cautious investor behavior and potential global selling, possibly influenced by geopolitical tensions and interest rate cut uncertainty.
| FII Sold | -3,268.00 Cr |
| DII Bought | 4,762.93 Cr |
Indian Market Stocks
| Sensex | -845.12 | -1.14% | 73,399.78 |
| Nifty 50 | -246.90 | -1.10% | 22,272.50 |
| Nifty Bank | -791.30 | -1.63% | 47,773.25 |
Market Movers
| ONGC | 14.15 5.33% | Shriram Finance | -70.95 -2.85% |
| Hindalco | 14.05 2.35% | Wipro | -11.40 -2.42% |
| Maruti Suzuki | 156.30 1.27% | Bajaj Finserv | -41.80 -2.46% |
| Nestle | 17.45 0.69% | ICICI Bank | -26.05 -2.36% |
| Britannia | 10.15 0.21% | Larsen | -6.30 -2.32% |
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Global jitters and tepid Indian markets began the week, with attempts at recovery but bears dragging the Nifty Index lower. Media and PSU Banks were the worst performers. Mid and Smallcaps corrected more, losing 1.57% and 1.73% respectively. If correction continues, the Index may reverse from 22,185 support level.Must read book about investing – check
Sensex Sensex Sensex
Sensex After four weeks of increases, Sensex and Nifty fell 2% for the first time After four weeks of increases, Sensex and Nifty fell 2% for the first time
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
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