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Trendlyne Marketwatch
15 Apr 2026
Market closes higher on renewed hopes of US-Iran peace talks
By Trendlyne Analysis

 

Nifty 50 closed at 24,231.30 (388.7, 1.6%), BSE Sensex closed at 78,111.24 (1,263.7, 1.6%) while the broader Nifty 500 closed at 22,595.55 (416.5, 1.9%). Market breadth is surging up. Of the 2,784 stocks traded today, 2,392 were gainers and 357 were losers.

Indian indices closed higher after oil prices dropped below $100 a barrel on hopes of renewed US-Iran peace talks. The Indian volatility index, Nifty VIX, fell 8.9% and closed at 18.7 points. India’s Wholesale Price Index (WPI) inflation rose to a 41-month high of 3.9% in March from 2.1% in February, driven by higher prices of fuel, manufactured goods, metals, and food items.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty Capital Markets and Nifty India Tourism are among the top index gainers today. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the best-performing sector of the day, with a rise of 4.6%.

Asian indices closed mixed. European indices are trading with varied trends. US index futures are trading flat as investors track developments in Middle East peace talks. US President Donald Trump said the war with Iran may be nearing an end, with a ceasefire “very possible.” Meanwhile, Iran warned it may disrupt the Bab el-Mandeb Strait, a key Red Sea shipping route, if the US continued its naval blockade of the Strait of Hormuz.

  • Relative Strength Index (RSI) indicates that Anand Rathi Wealth is in the overbought zone.

  • Shriram Finance is rising as its subsidiary, Shriram Overseas Investments, receives approval from the Reserve Bank of India (RBI) to commence its primary dealer (PD) business. The approval enables the company to participate in the government securities market and expand its fixed income business.

  • Muthoot Finance is rising as it plans to enter insurance distribution across both life and general segments. If approved, the move can expand the company’s business scope and offer customers a wider range of services under one roof.

  • Elecon Engineering is falling as its Q4FY26 net profit plunges 95.9% YoY to Rs 6 crore due to higher raw materials, manufacturing, & finance costs, and a Rs 101.8 crore one-time loss from the termination of the shareholder agreement of its former associate, Eimco Elecon. Revenue declines 6.5% to Rs 763.2 crore, caused by lower sales in the transmission equipment segment. It shows up in a screener of stocks with growing costs YoY for long term projects.

  • Tata Consultancy Services’ workforce reportedly falls by 23,460 in FY26 to 5,84,519. CHRO Sudeep Kunnumal says the layoff cycle is complete and that the decline is not solely due to last year’s 2% restructuring. Hiring plans for FY27 remain undisclosed; however, the company announces annual salary hikes across roles.

  • Paras Defence and Space Technologies is rising sharply as it enters an agreement with US-based Northstar to develop facilities to sell and support Northstar products & services to the Indian Air Force.

  • Vedanta reports a fatal incident at its Athena Power plant in Singhitarai, Chhattisgarh, impacting 24 subcontractor workers, including 14 fatalities. The incident occurs at the Unit-1 boiler after a steel tube carrying high-pressure steam bursts.

  • Tanfac Industries is rising sharply as it signs a memorandum of understanding (MoU) with a multinational company to supply 5,000 metric tonnes per annum (MTPA) of fluorinated product worth Rs 1,250 crore over five years.

  • The Indian government is reportedly planning to extend an emergency credit scheme of around Rs 4,000 crore to domestic airlines to help address operational challenges arising from the ongoing Iran conflict. Under the proposal, the government will offer a sovereign guarantee for loans of up to Rs 1,000 crore per airline, with an option to raise an additional Rs 500 crore if promoters or owners infuse a matching amount.

  • Aeroflex Industries reportedly plans to expand into the assemblies and data centre cooling business. The global data centre cooling market is projected to grow at a 33% CAGR to $21 billion by 2032. Management aims to ramp up the business to 60-70% of revenue over four years, to support margins as these products generate higher returns than standalone hoses.

  • Geojit BNP Paribas initiates coverage on Astral with a 'Buy' call, and a target price of Rs 1,912 per share. This indicates a potential upside of Rs 17.2%. The brokerage is confident in the stock, driven by its premium product portfolio, a ramp-up in earnings from expansions, and lower earnings volatility compared to peers. It expects the firm to deliver a revenue CAGR of 13.5% through FY28.

  • Hindustan Unilever is rising as it reportedly raises soap prices by 3-5% across its portfolio, including Liril, Pears, and Dove, to offset the rising raw material and packaging costs.

  • Power stocks, including Tata Power and Adani Power, gain as rising temperatures lift expectations of higher electricity demand across India. Following a weather-related slowdown in March, demand is expected to recover amid pre-monsoon heat and the possibility of El Niño conditions.

  • Diamond Power Infrastructure is rising as it receives an order worth Rs 45.5 crore from Adani Electricity Mumbai to supply cables.

  • Motilal Oswal retains its 'Buy' call on Hero MotoCorp, with a target price of Rs 6,205 per share. This indicates a potential upside of 16.5%. The brokerage remains positive on the stock, driven by a recovery in rural sales and a ramp-up in scooter sales & exports. It expects the company to deliver a revenue CAGR of 11% over FY27-28.

  • ICICI Prudential Life Insurance Co is rising sharply as its Q4FY26 net profit jumps 61.9% YoY to Rs 623.9 crore, driven by a one-time gain from the sale of a subsidiary and a richer product mix. However, revenue declines 73.4% to Rs 4,221 crore due to a lower share of unit-linked insurance plans (ULIPs). It features in a screener of stocks with stocks where FIIs are increasing their shareholding.

  • India’s WPI inflation surge to a 41-month high of 3.9% in March, up from 2.1% in February. The rise was mainly driven by higher prices of crude, petroleum & natural gas, manufactured goods, non-food articles, basic metals, and food items.

  • Time Technoplast is rising sharply as it signs a memorandum of understanding (MoU) with Systoverse's promoters to acquire a 76% stake in the company. The acquisition will expand Time Technoplast's high-density polyethylene (HDPE) pipe portfolio.

  • Nuvoco Vistas Corporation is falling as its Q4FY26 net profit declines 15% YoY to Rs 140.7 crore, impacted by an exceptional loss of Rs 48.1 crore due to higher provisions on disputed West Bengal government incentives. However, revenue increases 8.7% to Rs 3,306.8 crore, driven by higher sales in the cement and ready mix concrete segments during the quarter. The company appears in a screener of stocks with book value per share improving over the last two years.

  • Kalpataru is rising as its Q4FY26 pre-sales grow 6% YoY to Rs 1,833 crore and collections jump 41% to Rs 1,487 crore. For FY26, pre-sales reach Rs 5,280 crore, up 17%, while collections increase 34% to Rs 4,960 crore.

  • Elara Capital initiates coverage on Vishal Mega Mart with a 'Buy' rating and a target price of Rs 130. The brokerage notes that a diversified mix of apparel, FMCG, and general merchandise supports footfall and margins. A high private label share (~75%) enhances pricing power and profitability, while an asset-light, low-cost model drives strong return ratios.

  • RailTel Corp of India soars over 13% after securing orders worth Rs 564.6 crore from Rail Vikas Nigam to supply, install, test and commission tunnel communication systems.

  • Clean Max Enviro Energy Solutions is rising sharply as it enters a partnership with Sangam India to supply 30 megawatt-peak (MWp) and 20 MW of wind power across five Sangam facilities in Rajasthan.

  • MTAR Technologies rises sharply on reports that Bloom Energy will supply up to 2.8 GW of fuel cells to Oracle under an expanded deal. It derives 55%–65% of revenue from Bloom Energy in the US and remains a key supplier, including being the sole supplier for electrolyser units.

  • Wipro is rising as its subsidiaries enter into an agreement to acquire certain contracts of Alpha Net Consulting and its arms for $70.8 million (~Rs 660.1 crore). The contracts generated a revenue of $99.6 million (~Rs 928.6 crore) over the past three years.

  • Nifty 50 was trading at 24,208.85 (366.2, 1.5%), BSE Sensex was trading at 78,127.01 (1279.4, 1.7%), while the broader Nifty 500 was trading at 22,553.55 (374.5, 1.7%)

  • Market breadth is overwhelmingly positive. Of the 2,412 stocks traded today, 2,237 were gainers and 132 were losers.

Riding High:

Largecap and midcap gainers today include Suzlon Energy Ltd. (49.13, 7.1%), Siemens Ltd. (3,576.10, 7.0%) and Bharat Petroleum Corporation Ltd. (310.45, 6.0%).

Downers:

Largecap and midcap losers today include Indus Towers Ltd. (420.25, -4.2%), Oil India Ltd. (463.25, -2.9%) and Indian Bank (946, -2.1%).

Movers and Shakers

21 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included RailTel Corporation of India Ltd. (336.73, 18.4%), Deepak Fertilisers & Petrochemicals Corporation Ltd. (1,212.15, 13.1%) and Reliance Power Ltd. (28.94, 10.8%).

Top high volume losers on BSE were Just Dial Ltd. (543.90, -4.8%), Nuvoco Vistas Corporation Ltd. (304.95, -0.6%) and Elecon Engineering Company Ltd. (412.85, -0.5%).

Afcons Infrastructure Ltd. (337.45, 10.1%) was trading at 79.0 times of weekly average. ICICI Prudential Life Insurance Company Ltd. (561.25, 2.7%) and Siemens Ltd. (3,576.10, 7.0%) were trading with volumes 10.6 and 5.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

24 stocks hit their 52 week highs,

Stocks touching their year highs included - Adani Power Ltd. (183.43, 1.2%), Adani Energy Solutions Ltd. (1,168.05, -0.6%) and Aurobindo Pharma Ltd. (1,373.90, 2.6%).

25 stocks climbed above their 200 day SMA including Jaiprakash Power Ventures Ltd. (18.85, 9.7%) and Amber Enterprises India Ltd. (7,506.50, 4.6%). 2 stocks slipped below their 200 SMA including The New India Assurance Company Ltd. (172.29, 0.4%) and Ola Electric Mobility Ltd. (38.59, 0.8%).

 
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