Exclusive Webinar :Don't miss the latest webinar on Global Investing with Passive Products on June 22, 11am

Taking Stock: Nifty, Sensex end higher amid high volatility; metal, bank stocks lead

At close, the Sensex was up 259.62 points or 0.53% at 48803.68, and the Nifty was up 76.70 points or 0.53% at 14581.50.

April 15, 2021 / 08:16 PM IST

The market ended higher for the second consecutive session amid high volatility on April 15 despite weak wholesale inflation data. At close, the Sensex was up 259.62 points or 0.53% at 48803.68, and the Nifty was up 76.70 points or 0.53% at 14581.50.

March WPI inflation came at 7.39% versus 4.17%. Food inflation stood at 5.28% versus 3.31% and manufactured products inflation was at 7.34% versus 5.81%, MoM.

On the sectoral front, auto and PSU bank indices shed 1 percent each, while metal and pharma indices rose over 1 percent each. BSE midcap and smallcap indices ended flat.

"One more positive session witnessed today as the index closed the day at 14581 with gains of more than half percent and formed a bullish candle for the second consecutive day," said Rohit Singre, Senior Technical Analyst at LKP Securities.

"The index has formed a good base near 14460-14350 zone. If managed to sustain the above-said levels, we may see a northward move towards 14700-14800 zone which is an immediate and strong hurdle on the higher side. The overall range for Nifty is between 14250 on the downside and 15k on the higher side," he added.

Close

TCS, Cipla, ONGC, Wipro and Adani Ports were among the major gainers on the Nifty, while losers included Eicher Motors, Grasim Industries, Infosys, Maruti Suzuki and IndusInd Bank.

Stocks & sectors

On the BSE, the metal and bank indices rose 1 percent each. Buying also witnessed in the healthcare, oil & gas and power sectors. However, auto index slipped 1 percent.

IndexPricesChangeChange%
Sensex52,574.46230.01 +0.44%
Nifty 5015,746.5063.15 +0.40%
Nifty Bank34,871.30313.30 +0.91%
Nifty 50 15,746.50 63.15 (0.40%)
Mon, Jun 21, 2021
Biggest GainerPricesChangeChange%
Adani Ports731.0536.70 +5.29%
Biggest LoserPricesChangeChange%
UPL772.20-35.80 -4.43%
Best SectorPricesChangeChange%
Nifty PSU Bank2477.2597.80 +4.11%
Worst SectorPricesChangeChange%
Nifty Auto10401.20-42.55 -0.41%

Among individual stocks, a volume spike of more than 100 percent was seen in SAIL, Aurobindo Pharma and Siemens.

Long buildup was seen in SAIL, Mindtree and Wipro, while a short buildup was seen in Dr Lal PathLabs, Shriram Transport Finance and Apollo Tyres.

More than 100 stocks, including Prabhat Dairy, JSW Steel, Aurionpro Solutions and Balrampur Chini Mills hit a fresh 52-week high on the BSE.

Technical View

The Nifty formed a bullish hammer candle with a long lower shadow indicating declines were being bought.

"The Nifty has to decisively hold above 14,500 zones for an up move towards 14,700 and 14,850 zones, while on the downside, support exists at 14,350 and 14,250 zones," said Chandan Taparia of Motilal Oswal Financial Services.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Rakesh Patil
first published: Apr 15, 2021 04:31 pm
Sections