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Published on 15-04-2026 10:36 am

Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high. Nifty closed at 23843 with a loss of 208 points. On the daily chart index has formed a bullish candle however it has continued to form lower High-Low compare to previous session indicating negative sign. The chart pattern suggests that if Nifty crosses and sustains above 23910 level it would witness buying which would lead the index towards 24100- 24250 levels. Important Supports for the day is around 23550 However if index sustains below 23550 then it may witness profit booking which would take the index towards 23440- 23250 levels.

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Published on 15-04-2026 10:28 am

NIFTY

* Nifty witnessed a volatile session on Monday and declined nearly 1%, pressured by weak global cues.

* On the benchmark front, the Nifty opened sharply lower; however, a gradual recovery in heavyweight stocks across sectors helped trim losses as the session progressed.

* On the index front, the Nifty tested its crucial support at the short-term moving average (20 DEMA) near the 23,500 mark and managed to inch higher.

* In the interim, traders are advised to maintain a cautious stance, focus on stock selection based on relative strength for long opportunities, and prefer a hedged approach to manage risk.

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Published on 15-04-2026 10:27 am

Market Outlook

The Nifty index starts the session with the significant gap-down, amid the ongoing geopolitical uncertainty. However, buying interest emerged near the 23,500-23,600 zones, leading to a recovery from intraday lows. Despite this rebound, the index settled with a loss of 0.86% at 23,842, indicating cautious stance. On the derivatives front, fresh put writing was observed at the 23,500 strike, indicating an immediate support base at lower levels. On the upside, significant call OI has placed at the 24,000 and 24,500 strikes, suggesting an immediate and strong hurdle of the near term. Overall, the market outlooks remains sideways, where buy on dip approach remain prudent, as long as the index sustains above the immediate support zone.

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Published on 15-04-2026 10:26 am

Global News

• US Says Temporary Sanctions Relief On Seaborne Iranian Oil Will Not Be Renewed: The United States Treasury Department has announced that the temporary sanctions waiver allowing the sale of Iranian oil stranded at sea will expire in the coming days and will not be renewed, signaling a return to stricter enforcement under its “maximum pressure” strategy. Financial institutions have been warned of potential secondary sanctions if they continue supporting Iran’s oil trade. The waiver, which covered cargo loaded before March 20 and was valid until April 19, was initially introduced to ease energy prices amid the Iran war. Meanwhile, reports indicate that two sanctioned Iranian oil tankers have reached Indian ports potentially the first such shipments since 2019 highlighting India’s efforts to manage its energy needs during the crisis. At the same time, Iran is reportedly considering a temporary halt in shipments through the Strait of Hormuz to avoid escalating tensions and preserve ongoing ceasefire negotiations with the US.

Government Security Market

* The Inter-bank call money rate traded in the range of 4.20%- 5.10% on Monday ended at 4.70%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.9395% on Monday Vs 6.9119% on Friday.

Global Debt Market:

US Treasury yields edged higher on Monday as the breakdown of negotiations between Iran and the U.S. clouded the inflation outlook once again. The yield on the 10-year U.S. Treasury note the benchmark for government borrowing was up more than 1 basis point at 4.333%.The 2-year Treasury note yield, which is more sensitive to short-term Federal Reserve interest rate decisions, rose more than 2 basis points to 3.8242%. The longer-dated 30-year Treasury note yield also advanced less than 1 basis point to 4.923%. Investors are reacting to U.S. plans to blockade the Strait of Hormuz after talks between Washington and Tehran at the weekend failed to produce an agreement to end the Middle East conflict. “Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz,” Trump said in a post to his social media platform Truth Social on Sunday. Yields are also digesting Friday’s inflation print, which showed core prices rising less than feared, despite the surge in energy prices since the start of the Iran war. The most recent U.S. CPI reading came in at its highest level in 2 years, stoking concerns that the energy price shock could spread to other goods and services. “President Trump won’t be best pleased with today’s inflation print and given his heavy criticism of Joe Biden’s handling of inflation during his tenure as President, we can expect him to be rather sensitive to such a significant swing,” said Richard Carter, head of fixed interest research at Quilter Cheviot. “Trump will be pinning his hopes on the ceasefire holding, as if the peace talks are not productive then there’s a real risk of a further spike.” Investors will be looking ahead to industrial production data for March, which could show some early signs of the impact of the oil price surge on U.S. industry

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.92% to 6.95% level on Wednesday

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Published on 15-04-2026 10:25 am

Stocks in News

* ALKEM LABORATORIES: The company incorporates a new arm in Dubai with an investment of AED 3.7 million.

* SAIL: The company plans to set up a greenfield 600 MW solar power project in Uttar Pradesh with an investment of Rs. 3,295 crore.

* DIXON TECHNOLOGIES: The company clarifies that the labour protest in Noida is industry?wide and triggered by misinformation. It states operations remain fully compliant with laws and the situation has no material impact on its operations.

* ARISINFRA SOLUTION: The company signs an MoU with Capacite Infraprojects for procurement of construction materials worth Rs. 800 crore.

* LIC: The company approves a 1:1 bonus issue of equity shares, involving issuance of bonus shares of up to Rs. 6,325 crore. Bonus shares are expected to be credited by June 12.

* CITY UNION BANK: The company opens six new branches across Kerala, Madhya Pradesh, and Telangana, taking the total branch count to 956.

* HINDUSTAN ZINC: The company emerges as the successful bidder for a potash and halite block in Rajasthan. The block has a total area of 1,841.2 hectares.

* GODAWARI POWER & ISPAT: The company's arm, GNEPL, enters into a five?year agreement with EVE Power for supply of 628 Ah LFP cells for the first phase of a 20 GWh Battery Energy Storage System (BESS) project.

* TRAVEL FOOD SERVICES: Delhi High Court sets aside the arbitral award against the Airport Authority of India, Goa, declaring the award void ab initio and allowing AAI's plea against the company.

Economic News

• Infra spend up six-fold since 2014, crosses Rs 12 lakh crore: Prime Minister Narendra Modi has officially launched the Delhi-Dehradun Expressway, marking a significant investment in national infrastructure. Since 2014, spending on such projects has seen a staggering six-fold increase. The expressway, at a cost of ?12,000 crore, promises to cut down travel times and expenses significantly. It thoughtfully includes a wildlife corridor to safeguard local ani

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