Market News

3 min read | Updated on June 16, 2026, 13:54 IST
SUMMARY
Indian benchmark indices have breathed a sigh of relief after the US and Iran reached a peace deal, easing geopolitical tensions. The majority of the index stocks are now witnessing strong buying pressure, lifting them above their 200 EMA levels.
Stock list

NIFTY50 and SENSEX have rallied over 3% from the recent lows.
Indian benchmark indices continued to witness gains in the mid-market session on account of buying in index heavyweight stocks. Buying in HCL Technologies, Bajaj Finserv, Reliance Industries, Bajaj Finance, and Hindustan Unilever helped both the Sensex and Nifty trade above their psychological levels of 76,600 and 23,900, respectively.
Positive cues from the global markets supported domestic sentiments. On the BSE sectoral front, buying interest was seen in Realty, IT, FMCG, TECK, and Consumer Durables, while selling pressure was observed in Metal, Basic Materials, Healthcare, Telecom, and Auto sectors.
Besides this, the NIFTY Midcap 100 and NIFTY Smallcap 100 indices traded flat-to-negative in the mid-market session on Tuesday amid selling pressure at higher levels.
After 4% rally from the recent low levels of 23,070, many stocks in the index have crossed their crucial 200 EMA level, led by strong buying momentum at lower levels. Here are top five stocks that crossed their 200 EMA levels on Monday.

Shares of ICICI Bank, one of India’s largest private sector banks, jumped over 1.6% in the intraday trading session on Monday, crossing its 200 EMA mark of ₹1,326 apiece. On Tuesday, the shares traded flat at ₹1,330 apiece on the NSE, defending the 200 EMA levels. The shares regained momentum to cross the 200 EMA after 23rd April 2026. The shares crossed the 200 EMA levels for the first time after 35 trading sessions and rallied over 10% from recent lows.

Bajaj Finance's share price jumped over 1.7% on Tuesday, comfortably trading over its 200 EMA level of ₹929 apiece on the NSE. The shares previously managed to cross the 200 EMA in the previous month, but failed to sustain above it. The shares traded below the 200 EMA level for over 24 trading sessions amid broader weakness in the market. However, Shares has now crossed the crucial long-term average and sustained above it for two consecutive days, adding bullish momentum to the share price.

Kotak Mahindra Bank's share price crossed its 200 EMA level of ₹398 on Friday and has sustained above it for three consecutive sessions, highlighting a broader trend of buying in banking and financial stocks. The shares traded in positive territory on Tuesday, maintaining the bullish momentum in the stock.

Shares of one of India’s largest retail chain owners, DMart, are buzzing in trade on Tuesday as its share price jumped over 1.6%. The shares have crossed their 200-day moving average of ₹4,111 once again after trading below the key long-term average for 16 trading sessions. The shares have delivered 12% returns in 2026 on a YTD basis.

Shares of TVS Motors traded flat after rallying over 4% on Monday. The shares also crossed their 200 EMA level of ₹3,432 apiece on the NSE. The shares have briefly remained below their 200 EMA levels for nearly a month. The shares are back in focus as auto stocks after plunging over 14% from the 52-week high levels touched in February 2026.
About The Author

Next Story