{"id":2244,"date":"2026-04-16T23:37:38","date_gmt":"2026-04-16T18:07:38","guid":{"rendered":"https:\/\/newsaxis.com\/?p=2244"},"modified":"2026-04-16T23:37:38","modified_gmt":"2026-04-16T18:07:38","slug":"sensex-nifty-end-off-highs-as-bank-auto-stocks-drag","status":"publish","type":"post","link":"https:\/\/newsaxis.com\/?p=2244","title":{"rendered":"Sensex, Nifty end off highs as bank, auto stocks drag"},"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-large\"><img loading=\"lazy\" decoding=\"async\" width=\"273\" height=\"400\" data-id=\"2245\" src=\"https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/04\/sensex-1-7.jpg\" alt=\"\" class=\"wp-image-2245\" srcset=\"https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/04\/sensex-1-7.jpg 273w, https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/04\/sensex-1-7-205x300.jpg 205w\" sizes=\"auto, (max-width: 273px) 100vw, 273px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Mumbai, enchmark equity indices Nifty and Sensex ended off their intra-day highs on Thursday as selling pressure in banking and auto stocks capped gains.<\/p>\n\n\n\n<p>However, investors also remained cautious ahead of further clarity on upcoming negotiations between the US and Iran.<\/p>\n\n\n\n<p>At the closing bell, the Sensex was at 77,988.68, down by 122.56 points or 0.16 per cent. Nifty followed suit and closed at 24,196.75, down by 34.55 or 0.14 per cent.<\/p>\n\n\n\n<p>Commenting on Nifty technical outlook, experts said that the near-term sentiment remains uncertain, as the index failed to decisively clear the 24,300 resistance level.<\/p>\n\n\n\n<p>\u201cHowever, if it moves above 24,300 with conviction in the next session, a sustained rally could unfold in the near term,\u201d an analyst stated.<\/p>\n\n\n\n<p>\u201cOtherwise, a sharp bout of profit booking may emerge, potentially dragging the index towards 24,000,&#8221; a market expert mentioned.<\/p>\n\n\n\n<p>Shares of HDFC Bank, Oil and Natural Gas Corporation, and HDFC Life Insurance Company were among the top laggards in the Nifty index.<\/p>\n\n\n\n<p>Despite the weakness in frontline indices, broader markets showed resilience and outperformed the benchmarks.<\/p>\n\n\n\n<p>The Nifty MidCap index ended 0.63 per cent higher, while the Nifty SmallCap index gained 0.83 per cent.<\/p>\n\n\n\n<p>On the sectoral front, metal and IT stocks led the gains, with the Nifty Metal and Nifty IT indices emerging as the top performers.<\/p>\n\n\n\n<p>In contrast, rate-sensitive sectors such as private banks and financial services witnessed selling pressure, with the Nifty Private Bank and Nifty Financial Services indices closing as the top losers.<\/p>\n\n\n\n<p>Market participants are expected to remain watchful in the near term, tracking global cues and developments around geopolitical tensions, particularly the US-Iran talks, which could influence investor sentiment and market direction.<\/p>\n\n\n\n<p>\u201cGoing forward, the sustainability of the trend will depend on earnings clarity, stability in crude prices, and continued improvement in global risk sentiment,\u201d an analyst stated.<\/p>\n\n\n\n<p>Meanwhile, after four sessions of weakness, the Indian rupee gained ground as renewed risk-on sentiment prompted foreign institutional investors to return to the domestic equity markets.<\/p>\n\n\n\n<p>\u201cIn the near term, the USDINR spot rate is expected to consolidate within a range of 92.80 to 93.50,\u201d an analyst explained.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai, enchmark equity indices Nifty and Sensex ended off their intra-day highs on Thursday as selling pressure in banking and auto stocks capped gains. However, investors also remained cautious ahead [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2245,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,20],"tags":[],"class_list":["post-2244","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\/2244","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=2244"}],"version-history":[{"count":1,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2244\/revisions"}],"predecessor-version":[{"id":2246,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2244\/revisions\/2246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/media\/2245"}],"wp:attachment":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}