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Trendlyne Marketwatch
17 Apr 2026
Market closes higher on US-Iran peace deal hopes and foreign fund inflows
By Trendlyne Analysis

 

Nifty 50 closed at 24,353.55 (156.8, 0.7%), BSE Sensex closed at 78,493.54 (504.9, 0.7%) while the broader Nifty 500 closed at 22,869.40 (213.1, 0.9%). Market breadth is overwhelmingly positive. Of the 2,778 stocks traded today, 1,957 were on the uptrend, and 772 went down.

Indian indices closed higher, aided by a temporary ceasefire between Israel and Lebanon, which lifted hopes of US–Iran peace talks. The Indian volatility index, Nifty VIX, fell 4.9% and closed at 17.2 points. Om Power Transmission's shares made their debut on the bourses at a 6.3% premium to the issue price of Rs 175. The Rs 150.1 crore IPO received bids for 3.3 times the total shares on offer.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty FMCG and Nifty Capital Markets 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 6.3%.

Asian indices closed mixed. European indices are trading in the green, except for the UK’s FTSE 100 and Portugal’s PSI. US index futures are trading higher, indicating a positive start to the trading session. US President Donald Trump has also hinted at a possible visit to Pakistan if ongoing US–Iran ceasefire negotiations lead to a deal. Brent crude futures are trading lower after rising 4.7% on Thursday.

  • Relative Strength Index (RSI) indicates that stocks like Gallant Ispat, Adani Power and Gujarat Mineral Development Corp are in the overbought zone.

  • Aditya Birla Capital's subsidiary, Aditya Birla Housing Finance, approves a Rs 2,750 crore preferential issue of 12.3 crore shares to Advent International at a price of Rs 223.2 per share.

  • JSW Steel enters an agreement to form a 50:50 joint venture (JV) with POSCO Group to set up a 6 million tonnes per annum (MTPA) steel plant in Odisha. Under the agreement, POSCO will acquire a 50% stake in JSW Steel's subsidiary, Saffron Resources, for Rs 508.8 crore to form the JV.

  • Alok Industries is falling as its Q4FY26 net loss expands 158.5% YoY to Rs 192.5 crore due to higher inventory costs and a higher base in Q4FY25 from a one-time gain of Rs 94.1 crore. Revenue declines 4.1% to Rs 995.8 crore during the quarter. It appears in a screener of stocks with high interest payments compared to earnings.

  • HBSC retains a 'Hold' rating on Dixon Technologies with a target price of Rs 11,500. The brokerage expects FY27 volumes to be impacted due to delays in VIVO JV approval. It sees moderate growth for the EMS firm in Q4, but highlights Q1 of the new fiscal as key amid ongoing cost volatility for Dixon. It has cut FY27 estimates by 8% as the JV delay weighs on topline growth.

  • HDFC Life Insurance is falling as its Q4FY26 revenue declines 17.8% YoY to Rs 19,890 crore due to losses in investment income. However, net profit grows 4.7% to Rs 497.5 crore. The company appears in a screener of stocks with a PE ratio higher than the Industry average.

  • Apollo Micro Systems soars almost 15% as it secures a license from the Government to manufacture ammunition. This development expands the company's revenue stream as it enables the company to shift from an embedded systems provider to an end-to-end platform manufacturer for complete weapon systems like missiles, torpedoes and bombs.

  • Bajaj Consumer Care soars to its 5-year high of Rs 469.8 as its Q4FY26 net profit surges 105.3% YoY to Rs 63.6 crore, driven by lower inventory costs. Revenue jumps 28.7% to Rs 332.8 crore, helped by strong sales growth of the almond drops hair oil (ADHO) segment. It features in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Morgan Stanley flags weak near-term QSR demand in India due to cost pressures and uneven recovery. It notes grocery and jewellery as resilient segments, offering stability amid broader retail volatility. The brokerage maintains an ‘Overweight’ stance on Titan, DMart, and Trent, while cautioning on FY27 risks in select consumption plays.

  • Crisil is rising as its net profit grows 45.9% YoY to Rs 233.3 crore in Q1CY26. Revenue increases 30% to Rs 1,057.7 crore, driven by higher sales in the ratings services and research segments during the quarter. The company appears in a screener of stocks with book value per share improving over the last two years.

  • Nippon India Mutual Fund and Theleme India Master Fund acquire 17.8 lakh shares in Sudarshan Chemical Industries for Rs 144.4 crore through a bulk deal at an average price of Rs 810 per share. Rathi Anuj Narayandas, Rathi Pradeep Ramwilas and Rathi Rahul Pradeep sold the shares.

  • NBCC (India) rises as it sells around 14 lakh sq ft of commercial space at Bharat Business Park, New Delhi, through an e-auction for a total value of about Rs 5,779 crore.

  • Shantanu Roy, CMD of BEML, says the company saw minimal supply chain disruption from the West Asia conflict. He expects the international order book to exceed $200 million by FY27, with exports contributing 6–7% of topline by FY27 and around 10% by FY28-29. He adds that BEML is exploring diversification into precision warfare, drones, and allied segments.

  • Aditya Infotech is rising sharply as it forms a 50:50 joint venture (JV) with Orient Cables (India) to manufacture cables and allied products.

  • Axis Bank's board of directors schedules a meeting for April 25 to consider a fundraising proposal by issuing equity shares through a qualified institutional placement (QIP) or other modes.

  • Brookfield India Real Estate Trust's board of directors approves a Rs 2,000 crore fundraise through the qualified institutional placement (QIP) of equity shares at a floor price of Rs 329.9 per share.

  • Nuvama maintains a 'Buy' rating on HDFC Asset Management Company with a lower target price of Rs 3,170. The brokerage says cost control continues to support profitability despite sequential revenue slowdown. It expects limited impact from expense ratio related regulatory changes, with the company offsetting this through commission tweaks and tighter costs. Investor traction remains strong, with unique investors rising to 1.7 crore in Q4FY26 from 1.3 crore a year ago.

  • Om Power Transmission's shares debut on the bourses at a 6.3% premium to the issue price of Rs 175. The Rs 150.1 crore IPO received bids for 3.3 times the total shares on offer.

  • Kolte-Patil Developers surges over 12% as its Q4FY26 sales value increases by 13% YoY to Rs 714 crore, driven by a 21% growth in realisations to Rs 9,601 per sq ft. Collections rise 18% to Rs 834 crore during the quarter.

  • Angel One is rising as its Q4FY26 net profit surges 83.5% YoY to Rs 320.2 crore. Revenue climbs 38.7% to Rs 1,467.3 crore, supported by client additions, higher credit disbursals and improved average daily turnover (ADTO). It appears in a screener of stocks with prices above their short, medium and long-term moving averages.

  • Signatureglobal partners with Italian lifestyle brand Tonino Lamborghini to invest Rs 2,890 crore in a branded residential project in Gurugram. The 12.4-acre development, comprising 812 premium residences, is expected to generate a GDV of Rs 4,000 crore.

  • VST Industries soars almost 15% as its Q4FY26 net profit surges 120.2% YoY to Rs 116.7 crore, driven by lower raw material expenses and deferred tax returns. Revenue jumps 29.9% to Rs 466.6 crore, led by higher tobacco sales. It features in a screener of stocks with increasing profits for the past four quarters.

  • Wipro is falling sharply as its Q4FY26 net profit misses Forecaster estimates by 0.8% despite growing 12.3% QoQ to Rs 3,501.8 crore due to higher employee benefits, sub-contracting, travel and marketing costs. Revenue rises 2.2% to Rs 25,090.5 crore, supported by improvements in the Americas, Europe and Asia Pacific, Middle East & Africa (APMEA). The company's board of directors approves a buyback of 60 crore equity shares worth Rs 15,000 crore at a price of Rs 250 per share.

  • Rail Vikas Nigam surges as it secures an order worth Rs 967.9 crore from East Coast Railway to construct additional railway lines between Nergundi–Barang and Khurda Road–Vizianagaram. The project also includes building four major bridges over the Birupa, Mahanadi, Kathjori, and Kuakhai rivers along the route.

  • Waaree Renewable Technologies is rising as its net profit grows 66% YoY to Rs 155.7 crore in Q4FY26, helped by lower finance costs. Revenue increases 131.3% to Rs 1,102.4 crore, driven by higher sales in the engineering, procurement, and construction contract segment during the quarter. The company appears in a screener of stocks with zero promoter pledge.

  • Nifty 50 was trading at 24,207.55 (10.8, 0.0%), BSE Sensex was trading at 77,976.13 (-12.6, 0.0%) while the broader Nifty 500 was trading at 22,710.60 (54.3, 0.2%).

  • Market breadth is ticking up strongly. Of the 2,219 stocks traded today, 1,873 were on the uptrend, and 292 went down.

Riding High:

Largecap and midcap gainers today include Colgate-Palmolive (India) Ltd. (2,106, 6.5%), Adani Total Gas Ltd. (632.90, 5.9%) and Suzlon Energy Ltd. (52.93, 5.3%).

Downers:

Largecap and midcap losers today include Kalyan Jewellers India Ltd. (426.85, -3.1%), Wipro Ltd. (204.32, -2.8%) and Tata Communications Ltd. (1,521.10, -2.6%).

Movers and Shakers

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

Top high volume gainers on BSE included NAVA Ltd. (703.10, 12.2%), Angel One Ltd. (322.47, 10.2%) and Ircon International Ltd. (154.69, 8.7%).

Top high volume losers on BSE were Kalyan Jewellers India Ltd. (426.85, -3.1%) and Balkrishna Industries Ltd. (2,337.90, -0.2%).

Gujarat State Petronet Ltd. (272.41, 8.0%) was trading at 34.3 times of weekly average. Crisil Ltd. (4,335.40, 5.1%) and Gujarat Gas Ltd. (362.80, 8.1%) were trading with volumes 6.8 and 5.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

30 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Adani Power Ltd. (198.50, 2.8%), Adani Energy Solutions Ltd. (1,259.80, 3.0%) and Aurobindo Pharma Ltd. (1,386, 0.0%).

24 stocks climbed above their 200 day SMA including Triveni Turbine Ltd. (515.45, 7.9%) and Aegis Logistics Ltd. (709.30, 7.5%). 3 stocks slipped below their 200 SMA including The New India Assurance Company Ltd. (167.34, -1.5%) and HBL Engineering Ltd. (786.50, 0.4%).

 
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