The Indian stock market ended marginally lower on Thursday, April 16, as investors booked profits in select heavyweights after recent gains.
The Sensex declined 123 points, or 0.16 percent, to close at 77,988.68, while the Nifty 50 fell 35 points, or 0.14 percent, to settle at 24,196.75.
Mid and small-cap stocks outperformed the benchmarks, indicating underlying strength in the broader market.
Nifty Midcap 100 rose 0.63 percent
Nifty Smallcap 100 gained 0.89 percent
BSE market capitalisation increased to nearly ₹461 lakh-crore from ₹459 lakh-crore
Benchmark indices slipped mainly due to profit booking and global uncertainty.
HDFC Bank fell about 2 percent, weighing on indices ahead of results
Profit booking seen across sectors after recent gains
Uncertainty over timing of US–Iran talks kept sentiment cautious
Vinod Nair of Geojit Investments said markets turned volatile on weekly expiry and closed lower as investors locked in gains. He added that clarity on US–Iran negotiations will guide the near-term trend.
Top movers
Gainers: Adani Enterprises, Hindalco Industries, Trent
Losers: HDFC Bank, ONGC, HDFC Life Insurance Company
Sectoral trends
Top gainer: Nifty Metal (up 1.53 percent)
Other gainers: IT, media, consumer durables
Laggards: Private banks, auto, banking, financial services
Key triggers:
Higher-than-expected WPI inflation pressured auto and consumption stocks
IT stocks gained on improving AI demand outlook
Banking stocks remained weak amid mixed Q4 FY26 expectations
Metal stocks supported by softer dollar and positive China data
Most active stocks
Vodafone Idea
Jaiprakash Power Ventures
Ola Electric Mobility
YES Bank
Suzlon Energy
Reliance Power
52-week highs and lows
163 stocks hit 52-week highs, including Adani Power, NTPC, Tata Power, Titan, Vedanta
22 stocks touched 52-week lows
Resistance: 24,350–24,400
Support: 24,080–24,050
Key levels to watch:
Below 24,400: correction may continue towards 24,000–23,900
Above 24,400: potential upside towards 24,500 and higher levels
