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Trendlyne Marketwatch
16 Apr 2026
Market closes lower, dragged by profit booking and selling pressure in auto & FMCG stocks
By Trendlyne Analysis

 

 

Nifty 50 closed at 24,196.75 (-34.6, -0.1%), BSE Sensex closed at 77,988.68 (-122.6, -0.2%) while the broader Nifty 500 closed at 22,656.30 (60.8, 0.3%). Market breadth is in the green. Of the 2,770 stocks traded today, 1,791 showed gains, and 931 showed losses.

Indian indices closed lower after erasing morning gains, dragged by profit booking and selling pressure in auto and FMCG stocks. The Indian volatility index, Nifty VIX, fell 2.3% and closed at 18.2 points. HDB Financial Services closed 6.3% higher as its Q4FY26 revenue grew 11.2% YoY, led by an improvement in the lending business.

Nifty Midcap 100 and Nifty Smallcap 100 closed higher. Nifty India Defence and Nifty High Beta 50 were among the top index gainers today. According to Trendlyne’s Sector dashboard, Commercial Services & Supplies emerged as the best-performing sector of the day, with a rise of 2.6%.

Asian indices closed mixed, while European indices are trading higher. US index futures traded higher, buoyed by optimism on reports that Washington and Tehran may resume talks after last weekend’s negotiations in Pakistan failed to yield a deal. However, Middle East tensions persist, particularly amid an ongoing US naval blockade of Iranian ports.

  • Money Flow Index (MFI) indicates that stocks like Anand Rathi Wealth, Welspun Corp and Adani Power are in the overbought zone.

  • Pace Digitek is rising sharply as it reports order inflows of Rs 6,459.7 crore in FY26, led by major orders in the energy and telecom segments. The diversified order book gives the company medium-term revenue visibility.

  • VA Tech Wabag rises as it reportedly emerges as the lowest bidder for a sewage treatment plant (STP) contract worth over Rs 600 crore in Saudi Arabia.

  • Power Finance Corp is rising sharply as increasing temperatures across India raise expectations of peak power demand.

  • Capital market players BSE and MCX rally in April, hitting fresh lifetime highs. HDFC Securities expects both exchanges to report robust Q4 earnings, with MCX’s PAT likely to grow up to 37%, driven by a surge in commodities options trading. For BSE, the brokerage expects margin expansion, supported by strong growth, lower clearing costs, and improved premium realisation.

  • UBS upgrades Dabur India to a ‘Neutral’ rating from ‘Sell’, with a target price of Rs 490 per share. The brokerage believes that valuations have bottomed out, with the stock down nearly 20% over the past five years, though a revival to even high-single-digit growth is unlikely to trigger a material re-rating. However, analysts add that the weakness in beverages is past its worst. It expects the firm to deliver consolidated revenue and EBITDA growth of 8.3% in FY27.

  • HDFC Asset Management Co is falling as its Q4FY26 net profit declines 2.5% YoY to Rs 622.7 crore due to higher finance, fees & commissions and employee benefits expenses. However, revenue grows 3.7% to Rs 1,063.1 crore during the quarter. It shows up in a screener of stocks with an increasing trend in non-core income.

  • MosChip Technologies surges as it plans to acquire a 73% controlling stake in Vayavya Labs for Rs 245.5 crore to scale its software-led Product Engineering Solutions business.

  • Motilal Oswal reiterates a 'Buy' rating on MTAR Technologies with a target price of Rs 6,000. The brokerage expects strong growth for MTAR Technologies, driven by an expanding client pipeline. The Oracle–Bloom Energy deal underscores Bloom’s capability in powering AI workloads, with Motilal Oswal estimating Rs 14–17 billion in incremental orders for MTAR. Notably, MTAR remains Bloom’s key supplier of critical hot box assemblies, with a 60–70% share.

  • Container Corp of India is rising as it places an order worth Rs 175.4 crore with Bhraithwaite & Co to procure nine railway wagons.

  • Enviro Infra Engineers' Chairman, Sanjay Jain, projects a revenue of Rs 2,000 crore by FY28, driven by a healthy order inflow across its core & emerging business, strong execution and expansion into the battery segment.

  • Nexus Ventures III and Nexus Opportunity Fund sell 40 lakh shares in Delhivery worth Rs 186 crore through a block deal at an average price of Rs 465 per share. Morgan Stanley Asia Singapore PTE, Edelweiss Mutual Fund and Goldman Sachs Bank Europe pick up the shares.

  • The National Solar Energy Federation of India (NSEFI) says India is set to become the world’s second-largest solar market in annual installations by 2026. The country added a record 50 GW of solar capacity in just 14 months, taking total capacity to 150 GW. NSEFI CEO Subrahmanyam Pulipaka says solar capacity is expected to reach 280–300 GW to support India’s 500 GW non-fossil target by 2030.

  • ICICI Lombard General Insurance is rising as its Q4FY26 net profit climbs 7.3% YoY to Rs 546.6 crore, driven by higher employee benefits and commission expenses. Revenue jumps 12.2% to Rs 6,856.7 crore, led by higher premiums across the motor, health, marine and fire insurance segments. It appears in a screener of stocks with the highest FII shareholding.

  • GHV Infra Projects secures a contract worth Rs 815 crore from APCO Infratech to construct roads and civil works in Maharashtra.

  • Craftsman Automation rises as PI Opportunities AIF acquires 1.6 lakh shares in the company worth Rs 114.9 crore through a block deal at an average price of Rs 7,400 per share. Prazim Trading and Investment Co sold the shares.

  • HSBC maintains 'Buy' on Trent with a lower target price of Rs 4,800. The brokerage sees around 200 Zudio store additions in FY26 to support revenue visibility in FY27, despite softening per-store productivity. Growth remains driven by the aggressive expansion of Zudio, the Tata Group’s fast-growing value retail arm.

  • Aurobindo Pharma's arm, TheraNym Biologics, expands its contract manufacturing organisation (CMO) agreement with Merck Sharp & Dohme Singapore Trading (MSD) for an additional product schedule. Following the agreement, the firm plans to construct a large-scale mammalian Drug Substance manufacturing facility for the product schedule with a $150-175 million capex.

  • Tejas Networks is falling sharply as its Q4FY26 revenue plunges 82.1% YoY to Rs 343 crore due to lower sales and deferment of orders from BSNL. Net loss expands 194.3% to Rs 211.3 crore, caused by higher R&D expenses. It shows up in a screener of stocks where promoters are decreasing their shareholding.

  • Indiqube Spaces surges to its 20% upper limit as it signs a Rs 52 crore, five-year workspace deal with a Japanese e-commerce company for a 35,000 sq. ft. facility at Outer Ring Road, Bengaluru.

  • Railway stocks, including RVNL and RailTel, rise after several companies secured fresh orders, with total wins exceeding Rs 1,400 crore. Rail Vikas Nigam (RVNL) accounted for the largest share, awarding RailTel two contracts worth Rs 565 crore for setting up integrated communication systems in railway tunnels. Separately, on April 6, the government announced a broader railway safety investment package worth Rs 1,364.5 crore.

  • Brigade Enterprises enters a joint development agreement (JDA) to develop an 8.6-acre land parcel in Bengaluru. The land is part of a 39-acre residential township with a gross development value (GDV) of Rs 7,200 crore.

  • Rubicon Research is rising as it plans to acquire a 85% stake in Arinna Lifesciences for Rs 176 crore. This acquisition expands its presence in key markets and strengthens its focus on the central nervous system segment.

  • John Cockerill India surges as it receives an order worth Rs 300 crore from JSW Steel Coated Products for the design, manufacturing, supply, supervision of erection, and commissioning of a continuous galvanizing line.

  • HDB Financial Services soars over 10% as its Q4FY26 net profit jumps 41.4% YoY to Rs 750.6 crore. Revenue grows 11.2% to Rs 4,745.4 crore, supported by an improvement in the lending business. It features in a screener of stocks with increasing revenue for the past four quarters.

  • Nifty 50 was trading at 24,389.10 (157.8, 0.7%), BSE Sensex was trading at 78,583.89 (472.7, 0.6%), while the broader Nifty 500 was trading at 22,783.35 (187.8, 0.8%).

  • Market breadth is highly positive. Of the 2,298 stocks traded today, 2,035 were gainers and 224 were losers.

Riding High:

Largecap and midcap gainers today include Bharat Heavy Electricals Ltd. (309.26, 5.7%), Adani Power Ltd. (193.19, 5.3%) and PB Fintech Ltd. (1,550.50, 4.7%).

Downers:

Largecap and midcap losers today include Supreme Industries Ltd. (3,663.80, -4.4%), Astral Ltd. (1,578.70, -3.2%) and GMR Airports Ltd. (96.75, -2.5%).

Movers and Shakers

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

Top high volume gainers on BSE included Gujarat Mineral Development Corporation Ltd. (746.75, 20%), Gallantt Ispat Ltd. (927.10, 17.3%) and Firstsource Solutions Ltd. (244.22, 10.8%).

Top high volume losers on BSE were Gland Pharma Ltd. (1,735.60, -1.0%), Gujarat Fluorochemicals Ltd. (3,363, -0.5%) and Can Fin Homes Ltd. (854.20, -0.3%).

Sonata Software Ltd. (279.27, 10.0%) was trading at 44.5 times of weekly average. NLC India Ltd. (297.75, 8.2%) and Swan Corp Ltd. (352.80, 6.2%) were trading with volumes 23.6 and 13.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

28 stocks made 52 week highs,

Stocks touching their year highs included - Adani Power Ltd. (193.19, 5.3%), Adani Energy Solutions Ltd. (1,222.60, 4.4%) and Aurobindo Pharma Ltd. (1,386.50, 0.9%).

32 stocks climbed above their 200 day SMA including International Gemmological Institute (India) Ltd. (368.95, 5.1%) and Fine Organic Industries Ltd. (4,862.50, 4.8%). 5 stocks slipped below their 200 SMA including The New India Assurance Company Ltd. (169.92, -1.4%) and Tata Investment Corporation Ltd. (709.95, -0.6%).

 
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