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Informist, Wednesday, Apr. 15, 2026

 

By Gopika Balasubramanium

MUMBAI – Benchmark indices closed higher Wednesday tracking Asian peers, which rose on hopes of resumption in talks between the US and Iran and the resultant cooling of crude oil prices. Options chain in the derivatives segment showed traders covered their short positions in the Nifty 50, pushing the index higher.

 

Shares of consumer durables and information technology companies saw heavy buying interest, followed by those of real estate companies. All the sectoral indices closed higher and the fear gauge, India VIX, cooled down substantially to close at 18.75, down 8.5%. Indian financial markets were closed on Tuesday for Ambedkar Jayanti.

 

The Nifty 50 rose by 388.65 points or 1.6% to close at 24231.30 points and the BSE Sensex rose by 1263.67 points or 1.6% to end at 78111.24 points. Broader market indices outpeformed the benchmark indices, with the Nifty Smallcap 50 closing 2.4% higher. Only three Nifty 50 constituents closed in the red. Across Asia, South Korea's Kospi gained the most, followed by India. They rose after US President Donald Trump hinted that US-Iran peace talks could resume in Islamabad over the next two days.

 

"They (US-Iran) are planning to have a second round of (peace) talks in the next two days, I don't know how they, you know, can make it happen, given its such short notice," a head of research at a domestic broking firm said. There is a back channel which keeps operating, and if they assure that there is a certain kind understanding on some of the sticky issues, then the peace talks can see some results, the research head said.

 

If the second round is not conclusive enough, then the market will again take a hit, giving up some amount of the gains from the past 3-4 days, the research head said. So every jump in the market is a "selling" opportunity, but the correction would not be steep, given there is visibility that both countries would want to "reach some sort of conclusion" and having scaled down their military combats. The research head does not expect the Nifty 50 to hit the all-time high even by end of 2026. "I have a feeling that it will probably end up 6% lower than that (life-time high)." The index had hit a lifetime high of 26373.2 points in early January.

 

InterGlobe Aviation closed around 5% higher at INR 4,638 and was the top gainer among the Nifty 50 stocks. The stock rose as crude oil prices fell on hope of a likely diplomatic solution to US-Iran war. The stock has been under pressure ever since the West Asia war began, as rise in crude oil prices leads to a spike in expenses of airlines. The current stock price is around 3% from the pre-war level.

 

Dr. Reddy's Laboratories fell 1.5% to close at INR 1,217.80. The stock had sunk to an intraday low of INR 1,195.40, and was the biggest laggard in the benchmark index. The stock fell after the Brazilian National Health Surveillance Agency rejected the company's semaglutide generic, Embeltah, on Monday. The Brazilian health agency said Embeltah did not meet the required efficacy, safety, and quality standards. Investment firm Citi maintains a cautious stance on the prospects of Dr. Reddy's in the semaglutide market, given this recent development in Brazil and Canada-based Apotex getting tentative approval for the drug in the US.

 

Among sectoral indices, Nifty Consumer Durables was the top gainer. It closed at 37361.25 points, up around 3%. PG Electroplast, Dixon Technologies (India), and Amber Enterprises India closed 5-10% higher. Analysts said the rise in share prices of white goods-makers was mainly in reaction to the price hikes the companies have undertaken in the past few weeks. The companies have taken price hikes so as to tackle the cost pressures from many avenues, including increased metal prices worsened by rupee depreciation and high energy costs. Crompton Greaves Consumer Electricals, Blue Star, Voltas, Whirlpool of India, and LG Electronics India closed over 2-4% higher.

 

Nifty IT index was among the top gainers. It ended at 31539.75 points, up 2.8%. All its constituents closed higher, with Oracle Financial Services Software leading the gains. A good set of March quarter numbers from Tata Consultancy Services has boosted sentiment for the sector. After a steep correction till mid-March, the IT sector has started to gain, with valuations becoming fair for most of the stocks. Coforge, Mphasis, and LTIMindtree closed 3-4% higher.

 

Cyient closed over 7% higher after the company said its board will meet on Apr. 23 to consider a share buyback proposal, besides approving the March quarter results and final dividend for 2025-26 (Apr-Mar). The company had last bought back its shares from shareholders in February 2019 through the open market. It had then bought back 3.12 million equity shares.

 

Shares of Suzlon Energy ended 7% higher, buoyed by foreign institutional investors increasing their stake to 23.8% in the company in the March quarter, up from 22.8% in the previous quarter. This is in sharp contrast to the broad-based selling by FIIs in several big companies recently due to expensive valuations, concerns around the West Asia war affecting earnings, and the uncertainty around US tariffs.

 

Indus Towers ended more than 4% lower after global brokerage Jefferies Tuesday double-downgraded the company's shares to 'underperform' from 'buy'. The brokerage also slashed its target price by 30% to INR 375, citing emerging risks around tower contract renewals and continued pressure from elevated capital expenditure, according to several media reports.

 

Shares of ICICI Prudential Life Insurance Co. closed nearly 3% higher after the company Tuesday reported a 58% on-year jump in its net profit for the March quarter. The stock had risen 7% during the session. The company's efforts towards the product mix shift and an increase in retail protection contribution have resulted in a continuous on-year expansion in its value of new business margin, despite a loss of input tax credit after goods and services tax exemption, Motilal Oswal Financial Services said in its report. 

 

Shares of H.G. Infra jumped up 14?ter the company late Monday said it had received an order worth INR 5.19 billion from Mirzapur Thermal Energy in Uttar Pradesh for execution of civil and permanent-way works for development of railway infrastructure. An order of this size is over one-third the consolidated revenue reported by the company in the December quarter.

 

Elecon Engineering Co. ended lower by 0.5% at INR 412.85, down 4.5% from its intraday peak of INR 432.40 after the company announced its March quarter results. It reported a net profit of INR 60 million, far lower than the INR 1.46 billion reported in the year ago quarter. The company incurred a one-time cost of INR 1.02 billion during the quarter due to impairment loss.

 

* Of the Nifty 50 stocks, 47 rose and 3 fell

* Of the Sensex stocks, 28 rose and 2 fell

* On the NSE, 2,839 stocks rose, 438 fell, and 84 were unchanged

* On the BSE, 3,582 stocks rose, 807 fell, and 124 were unchanged

* Nifty Consumer Durables: up 2.9%; Nifty IT: up 2.8%; Nifty PSU Bank: up 1.1%

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BSE                                               NSE

Sensex: 78111.24, up 1263.67 points or 1.6%       Nifty 50: 24231.30, up 388.65 points or 1.6%

 

S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	: Lifetime High: 26373.20 (Jan. 5, 2026)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26328.55 (Jan. 2, 2026)
2026 1st day close: 85188.60 (Jan. 1)	: 2026 1st day close: 26146.55 (Jan. 1)
2026 Closing High: 85762.01 (Jan. 2)	: 2026 Closing High: 26328.55 (Jan. 2)
2026 Closing Low: 71947.55 (Mar. 30)	: 2026 Closing Low: 22331.40 (Mar. 30)
2026 High (intraday): 85883.50 (Jan. 5)	: 2026 High (intraday): 26373.20 (Jan. 5)
2026 Low (intraday): 71545.81 (Apr. 1)	: 2026 Low (intraday): 22182.55 (Apr.2)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	: 2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	: 2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

(With inputs from Eshitva Prakash)

 

End

 

Edited by Ashish Shirke

 

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