Sensex dip: All other sectoral indices, except telecom and media, ended trading in the red.
Indian equity indices experienced a volatile session, ending lower for the fourth consecutive day on April 18. The Sensex and Nifty fell by 0.62% and 152.05 points respectively. Despite mixed global cues, the market initially remained positive, but experienced extreme volatility in the second half before closing near the day’s low.
Sectors and stocks
The Nifty index experienced a significant drop, with major losers being Apollo Hospitals, Nestle India, ONGC, Adani Enterprises, and Titan Company, while gains were made by Bharti Airtel, Power Grid Corporation, Hindalco Industries, Bajaj Auto, and LTIMindtree. Sectoral indices, except telecom and media, were in red.
India Cements, Exide Industries, Power Grid, Multi Commodity Exchange of India, Bharti Airtel, and ICICI Lombard General Insurance Company experienced significant volume spikes.
Over 200 BSE stocks reached their 52-week high, including Aarti Industries, Bharti Airtel, Cummins India, Eicher Motors, Exide Industries, Hitachi Energy, Indus Towers, Jindal Steel, JSW Energy, Jubilant Pharmova, Just Dial, KSB Pumps, Mankind Pharma, Samvardhana Motherson International.
April 19 Forecast
The Nifty experienced a sharp selloff in the second half, closing down 152 points. The market is approaching the lower end of the rising channel and the 78.6% Fibonacci retracement level 22000 – 21938. Divergence on hourly charts suggests a pullback, but price confirmation is needed. Bank Nifty also experienced a decline, testing the 61.82% Fibonacci retracement level (47061).
On the weekly expiry day, the Nifty50 experienced extreme volatility, with bulls dominating morning trade and a steep decline in mid-session. The Index ended the day at 21,995.85, with FMCG and Pharma being major laggards. The bearish candlestick pattern broke the 50DMA and long trendline support.
| FII Sold | -4,260.33 Cr |
| DII Bought | 2,285.52Â Cr |
Indian Market Stocks
| Sensex | -454.69 | -0.62% | 72,488.99 |
| Nifty 50 | -152.05 | -0.69% | 21,995.85 |
| Nifty Bank | -415.35 | -0.87% | 47,069.45 |
Market Movers
| Bharti Airtel | 49.30 4.05% | Apollo Hospital | -260.60 -4.11% |
| Power Grid Corp | 5.85 2.13% | Titan Company | -120.80 -3.31% |
| Bajaj Auto | 102.15 1.15% | Nestle | -83.55 -3.28% |
| LTIMindtree | 34.30 0.74% | Coal India | -14.60 -3.22% |
| Hindalco | 3.95 0.65% | ONGC | -9.00 -3.18% |
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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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