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Trendlyne Marketwatch
20 Apr 2026
Market closes flat on Middle East ceasefire uncertainty
By Trendlyne Analysis

 

Nifty 50 closed at 24,364.85 (11.3, 0.1%), BSE Sensex closed at 78,520.30 (26.8, 0.0%), while the broader Nifty 500 closed at 22,865.80 (-3.6, 0.0%). Market breadth is in the red. Of the 2,772 stocks traded today, 990 showed gains, and 1,728 showed losses.

Indian indices closed flat in a volatile session as strong earnings from HDFC Bank and ICICI Bank were offset by concerns over the fragile Middle East ceasefire. The Indian volatility index, Nifty VIX, rose 9.2% and closed at 18.9 points. Tata Consumer Products rose after reports that Tata Starbucks had raised menu prices by 5–10%, due to higher coffee bean prices amid global supply concerns.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. Nifty Capital Markets and the BSE IT Sector are among the top index losers today. According to Trendlyne’s sector dashboard, Forest Materials emerged as the worst-performing sector of the day, with a fall of 1.5%.

Asian indices closed mixed. European indices are trading with varied trends. US index futures are trading lower, indicating a negative start to the trading session. Meanwhile, US President Donald Trump said an Iranian-flagged cargo ship had been seized by US forces while attempting to bypass a US blockade of Iran’s ports and coastline. Iran warned of retaliation and said it would not join proposed talks with the US this week.

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

  • P N Gadgil Jewellers is rising as it reports an 80.3% YoY increase in revenue to Rs 251 crore on Akshaya Tritiya, driven by gold sales, strong volumes, steady footfall, and robust demand across segments.

  • Zee Entertainment Enterprises surges as it plans to invest Rs 116 crore in Phantom Digital Effects to strengthen its presence in the animation, visual effects, gaming and comics (AVGC) segment.

  • NTPC Green Energy is rising as it expands its capacity by adding 87.5 MW from a 150 MW solar project in Rajasthan. This takes the company’s total installed capacity to 10.4 GW.

  • CG Power and Industrial Solutions rises to a new 52-week high of Rs 804.7 as Motilal Oswal reportedly initiates coverage with a ‘Buy’ call and a target price of Rs 900 per share. The brokerage expects growth to be supported by a multi-year capital expenditure cycle in the power transmission and distribution segment, noting that order activity may see some near-term moderation due to capacity constraints.

  • Billionbrains Garage Ventures (Groww) rises as its Q4FY26 net profit rises 16% QoQ to Rs 546.9 crore, helped by lower finance costs. Revenue increases 17.8% to Rs 1,261.1 crore, driven by higher total customer assets and a rise in active users by 4.7% during the quarter. The company appears in a screener of stocks with increasing revenue over the past three quarters.

  • Asian Paints is rising as it increases prices by 3-5%, effective May 5, as input costs surge, especially for petrochemical derivatives used in paint production. The company had already raised prices by 6-8% in March.

  • Multi Commodity Exchange of India (MCX) receives SEBI approval to invest in a coal exchange, marking its entry into coal trading. MCX plans to incorporate a wholly-owned subsidiary, which is likely to be named 'MCX Coal Exchange Ltd.' or 'MCX Coal Exchange of India Ltd.' As per the company, MCX will initially hold a 100% stake in the proposed entity, with the option to bring in strategic partners at a later stage.

  • PSU banks such as SBI, Bank of Baroda, and Yes Bank rise after reporting strong Q4FY26 performance. Axis Securities notes that the March quarter is typically the best for asset quality, and this year is no exception. The outlook remains positive, with stress in unsecured loans easing and asset quality in secured and corporate segments staying resilient.

  • Dredging Corporation of India surges after signing a Rs 2,157.1 crore memorandum of understanding (MoU) with Indian Oil Corporation. The five-year agreement ensures a steady fuel supply for its dredging fleet, supporting operations across India.

  • Mastek's net profit rises 30.9% YoY to Rs 106.2 crore in Q4FY26, helped by lower finance costs. Revenue increases 5.8% to Rs 961.9 crore, driven by higher sales in the UK & Europe operations during the quarter. The company appears in a screener of stocks with annual profit growth higher than the sector profit growth.

  • Aurobindo Pharma receives approval from the US FDA for its Dextromethorphan Polistirex, used to treat cough caused by conditions like the common cold, bronchitis, or other respiratory illnesses. The drug had an estimated market size of $138 million for the year ending February 2026, according to Nielsen.

  • Tata Consumer Products gains after reports that Tata Starbucks raises menu prices by 5–10%. The hike reflects ongoing cost pressures, including higher coffee bean prices due to global supply concerns, along with rising packaging, rental, and urban staffing costs impacting profitability

  • Onix Solar Energy rises to a new all-time high of Rs 944.1 as its board of directors approves raising up to Rs 130 crore through a rights issue of equity shares.

  • Karur Vysya Bank hikes its marginal cost of lending rate (MCLR) by 5 bps across all tenures, effective April 22. The revised MCLR now ranges from 8.85% to 9.15%.

  • Cipla is falling as it receives a Form 483 with two observations from the US FDA following an inspection of its manufacturing facility in Goa.

  • Indian Energy Exchange (IEX) falls over 7% as the Central Electricity Regulatory Commission (CERC) proposes “Market Coupling” to unify power price discovery. Grid India will operate the system as the Market Coupling Operator (MCO), a move that could significantly impact IEX’s business model and revenues.

  • Aavas Financiers' board of directors appoints Manu Yeshpal Singh as the Managing Director (MD) & Chief Executive Officer (CEO) of the company, succeeding Sachinderpalsingh Jitendrasingh Bhinder, effective April 21.

  • Lupin receives a Form 483 with three observations from the US FDA following an inspection of its manufacturing facility in New Jersey, US.

  • Yes Bank is rising as its net profit grows 44.8% YoY to Rs 1,068.4 crore in Q4FY26, helped by lower provisions and contingencies. Revenue increases 0.5% to Rs 7,650.9 crore, driven by improvements in the retail banking segment during the quarter. The bank's asset quality improves as its gross and net NPAs contract by 30 bps and 10 bps YoY, respectively, during the quarter.

  • Kpler’s oil analyst Sumit Ritolia says that even if the Strait of Hormuz reopens right away, global crude supply is unlikely to stabilize before August because of logistical constraints. India’s oil imports remain secure for now, as refiners have ramped up purchases from the US, Nigeria, and Australia, though longer transit times are causing delays.

  • Sterling and Wilson Renewable Energy surges over 12% as it emerges as the L1 bidder for a Rs 3,490 crore project from Coal India to develop an 875 MW grid-connected solar PV project in Bikaner, Rajasthan.

  • EMS surges over 13% as it secures two orders worth Rs 208.6 crore from UP Jal Nigam (Urban), Varanasi. The orders cover sewer projects in different wards of Nagar Nigam, Varanasi, including survey, design, and execution of sewer networks, household connections, and a 23 MLD sewage pumping station.

  • ICICI Bank is rising as its net profit grows 8.5% YoY to Rs 13,701.7 crore in Q4FY26, helped by lower provisions and contingencies. Revenue increases 2% to Rs 43,275.4 crore, driven by improvements in the wholesale banking segment during the quarter. The bank's asset quality improves as its gross and net NPAs contract by 27 bps and 6 bps YoY, respectively, during the quarter.

  • HDFC Bank's Q4FY26 net profit jumps 8% YoY to Rs 20,350 crore, helped by lower interest expenses and provisions. However, revenue declines 2.8% to Rs 1.2 lakh crore due to a reduction in the corporate banking segment. The bank's asset quality improves as its gross and net NPAs fall 18 bps and 5 bps, respectively.

  • Nifty 50 was trading at 24,378.50 (25.0, 0.1%), BSE Sensex was trading at 78,441.28 (-52.3, -0.1%), while the broader Nifty 500 was trading at 22,920.90 (51.5, 0.2%).

  • Market breadth is in the green. Of the 2,397 stocks traded today, 1,220 showed gains, and 1,100 showed losses.

Riding High:

Largecap and midcap gainers today include Siemens Energy India Ltd. (3,138.40, 3.9%), Trent Ltd. (4,242.80, 3.3%) and Berger Paints (India) Ltd. (483.95, 3.3%).

Downers:

Largecap and midcap losers today include PI Industries Ltd. (3,037, -3.3%), SBI Cards and Payment Services Ltd. (675.30, -2.9%) and Jio Financial Services Ltd. (237.15, -2.8%).

Movers and Shakers

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

Top high volume gainers on BSE included Triveni Turbine Ltd. (576.20, 11.8%), Sterling and Wilson Renewable Energy Ltd. (212.08, 9.3%) and Zee Entertainment Enterprises Ltd. (87.60, 8.1%).

Top high volume losers on BSE were Indian Energy Exchange Ltd. (124.99, -8.0%), YES Bank Ltd. (19.84, -1.7%) and Vardhman Textiles Ltd. (549.90, -1.4%).

Graphite India Ltd. (711.75, 4.8%) was trading at 5.8 times of weekly average. Balrampur Chini Mills Ltd. (515.70, 6.1%) and Granules India Ltd. (664.45, 1.3%) were trading with volumes 4.8 and 4.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

32 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (1,578.40, 0.3%), Adani Power Ltd. (200.83, 1.2%) and Adani Energy Solutions Ltd. (1,259.40, 0.0%).

15 stocks climbed above their 200 day SMA including Triveni Turbine Ltd. (576.20, 11.8%) and Balrampur Chini Mills Ltd. (515.70, 6.1%). 10 stocks slipped below their 200 SMA including Ola Electric Mobility Ltd. (39.22, -3.9%) and Aadhar Housing Finance Ltd. (480.55, -3.2%).

 
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