{"id":2210,"date":"2026-04-13T23:55:37","date_gmt":"2026-04-13T18:25:37","guid":{"rendered":"https:\/\/newsaxis.com\/?p=2210"},"modified":"2026-04-13T23:55:37","modified_gmt":"2026-04-13T18:25:37","slug":"nifty-sensex-trim-losses-amid-last-leg-buying-defence-stocks-shine","status":"publish","type":"post","link":"https:\/\/newsaxis.com\/?p=2210","title":{"rendered":"Nifty, Sensex trim losses amid last leg buying; defence stocks shine"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"273\" height=\"400\" data-id=\"2212\" src=\"https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/04\/sensex-1-5.jpg\" alt=\"\" class=\"wp-image-2212\" srcset=\"https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/04\/sensex-1-5.jpg 273w, https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/04\/sensex-1-5-205x300.jpg 205w\" sizes=\"auto, (max-width: 273px) 100vw, 273px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Mumbai, Indian equity benchmarks recovered sharply from their intra-day lows on Monday, helped by buying in defence stocks, even as broader sentiment remained cautious due to ongoing geopolitical tensions in West Asia.<\/p>\n\n\n\n<p>The Nifty closed 0.86 per cent, or 207.95 points, lower at 23,842.65, while the Sensex ended the session down 0.91 per cent, or 702.68 points, at 76,847.57.<\/p>\n\n\n\n<p>Commenting on Nifty technical outlook, experts said that going ahead, 23,900 is likely to continue acting as immediate resistance, followed by the key psychological level of 24,000.<\/p>\n\n\n\n<p>\u201cOn the downside, the 23,500\u201323,600 band remains a crucial support area, where strong buying interest has been observed,\u201d an analyst stated.<\/p>\n\n\n\n<p>\u201cA break below this zone could expose the index to further downside toward 23,300 and 23,000, both supported by open interest build-up and prior price structure,\u201d a market expert added.<\/p>\n\n\n\n<p>Both indices had slipped deeper into the red earlier in the day but managed to pare losses in the second half of trade.<\/p>\n\n\n\n<p>Market participants remained on edge as they tracked developments in West Asia, which continued to influence investor sentiment and risk appetite.<\/p>\n\n\n\n<p>Among individual stocks on the Nifty, HDFC Life Insurance Company, ICICI Bank, and Adani Enterprises emerged as the top gainers, lending some support to the benchmark index.<\/p>\n\n\n\n<p>Among Sensex stocks, Axis Bank, NTPC and ICICI Bank was the three shares that managed to stay in green.<\/p>\n\n\n\n<p>On the other side, Maruti Suzuki India, IndiGo, Bajaj Finance and TCS was among most laggards by dropping up to 4.6 per cent.<\/p>\n\n\n\n<p>The broader markets also mirrored the recovery seen in frontline indices, although they still ended in negative territory.<\/p>\n\n\n\n<p>The Nifty MidCap index declined 0.54 per cent, while the Nifty SmallCap index slipped 0.38 per cent, both closing off their respective day\u2019s lows.<\/p>\n\n\n\n<p>On the sectoral front, selling pressure was most pronounced in the auto and oil and gas stocks, with the Nifty Auto and Nifty Oil and Gas indices registering the sharpest declines.<\/p>\n\n\n\n<p>The FMCG and IT sectors also remained under pressure, contributing to the overall weakness in the market.<\/p>\n\n\n\n<p>In contrast, the Nifty Metal index showed relative resilience, posting the least decline among sectoral peers.<\/p>\n\n\n\n<p>Notably, the Nifty India Defence index stood out, outperforming most thematic indices during the session, as investors showed renewed interest in defence stocks amid the uncertain geopolitical backdrop.<\/p>\n\n\n\n<p>Analysts said that while the late-session recovery provided some relief, the markets ended lower, reflecting continued caution among investors in a volatile global environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai, Indian equity benchmarks recovered sharply from their intra-day lows on Monday, helped by buying in defence stocks, even as broader sentiment remained cautious due to ongoing geopolitical tensions in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,20],"tags":[],"class_list":["post-2210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-display","has_thumb"],"_links":{"self":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2210"}],"version-history":[{"count":1,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2210\/revisions"}],"predecessor-version":[{"id":2213,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2210\/revisions\/2213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/media\/2212"}],"wp:attachment":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}