Taking Stock: Market ends lower for the second day, realty and pharma shine

At close, the Sensex was down 183.74 points or 0.31% at 59,727.01, and the Nifty was down 46.60 points or 0.26% at 17,660.20.

The benchmark indices ended lower for the second consecutive session on April 18, with the 30-pack Sensex falling 183.74 points, or 0.31 percent, to end at 59,727.01, and the broad-based Nifty closing 46.60 points, or 0.26 percent, down at 17,660.20.

Except opening gains, the market traded lower for the remaining session, with the Nifty declining almost to 17,600 during the day.

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Stocks and Sectors

Top losers on the Nifty included Power Grid Corporation, UltraTech Cement, Adani Enterprises, Reliance Industries and Apollo Hospitals, while gainers were Divis Labs, HCL Technologies, IndusInd Bank, Cipla and Nestle India.

Among sectors, selling was seen in the FMCG, power and infra names, while pharma and realty were up a percent each and information technology, PSU Bank and metal each closed 0.5 percent higher.

The BSE midcap index rose 0.5 percent and the smallcap index added 0.2 percent.

More than 100 stocks touched their 52-week high on the BSE. These included DLF, Mahanagar Gas, Indraprastha Gas, Zydus Lifesciences, Va Tech Wabag, Likhitha Infrastructure, Ramky Infrastructure, Mold-Tek Technologies, Cholamandalam Investment and Finance Company, Kirloskar Brothers, Glenmark Pharmaceuticals and Camlin Fine Sciences.

Index	Prices	Change	Change%
Sensex	84,900.71	-331.21	-0.39%
Nifty 50	25,959.50	-108.65	-0.42%
Nifty Bank	58,835.35	-32.35	-0.05%

Nifty 50 25,959.50 -108.65 (-0.42%)

Mon, Nov 24, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Tech Mahindra	1,494.70	33.20	+2.27%

Biggest Loser	Prices	Change	Change%
Bharat Elec	403.80	-12.55	-3.01%

Best Sector	Prices	Change	Change%
Nifty IT	37006.80	121.50	+0.33%

Worst Sector	Prices	Change	Change%
Nifty Metal	10017.90	-124.60	-1.23%

A short buildup was seen in Tata Chemicals, Tata Communications and Power Grid, while a long build-up was seen in BHEL, PI Industries and Biocon.

Among individual stocks, a volume spike of more than 300 percent was seen in Glenmark Pharma, Tata Chemicals and Lupin.

Outlook for April 19

Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas

The Nifty opened on a positive note but consolidated for the most part of the day. It traded within the 17,863 – 17,574 range of the previous trading session. The hourly Bollinger bands were contracting on account of the sideways price action, suggesting range-bound price action.

The daily momentum indicator has a positive crossover which is a buy signal. Thus, we are getting divergence signals from price and momentum indicators and this often results in range-bound movement.

During this consolidation phase, we can expect sector rotation and stock-specific price action. The consolidation range is likely to be 17,500–17,800 for the next few trading sessions.

Rohan Patil, Technical Analyst, SAMCO Securities

The Nifty continued to trade negative within the previous candle range but again closed above its nine-EMA, which is placed at 17,618.

After showing sharp weakness the previous day, the Nifty shifted to a follow-through weakness with range-bound movement.

For the past two sessions, 17,600 has acted as the demand zone, where prices are showing strength and closing above it.

On the daily chart, the index retested its channel pattern breakout level at 17,600 and succeeded in holding it for the second consecutive day. The momentum oscillator RSI (14) also rested its breakout levels and firmly held above 50.

In the near term, the trend is likely to remain bullish to sideways, as the bullish breakout of a falling channel pattern is still valid. The validity of the bullish pattern stands above 17,500 levels, which can be considered immediate support for the index.

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