Market News

3 min read | Updated on April 16, 2026, 16:17 IST
SUMMARY
On April 16, the NIFTY 50 declined by 34.55 points or 0.14% to close at 24,196.75. Meanwhile, SENSEX ended at 77,988.68, down by 122.56 points or 0.16%.
Stock list

HDFC Bank dragged the NIFTY50 index, slipping 1.96%, amid a decline in the NIFTY Bank index. | Image: Shutterstock
The index had opened in the green. However, the market swung into the red zone during the noon session, amid selling pressure from auto, bank, and financial services stocks.
On Wednesday, the foreign institutional investors (FIIs) purchased stocks worth ₹666.15 crore, while the domestic institutional investors (DIIs) sold equities worth ₹568.98 crore on a net basis, according to exchange data.
The SENSEX slumped as much as 0.56% to an intraday low of 77,674.93, while the NIFTY50 fell as much as 0.53% to touch the session’s low of 24,102.80.
On April 16, the NIFTY 50 declined by 34.55 points or 0.14% to close at 24,196.75. Meanwhile, SENSEX ended at 77,988.68, down by 122.56 points or 0.16%.
HDFC Bank dragged the NIFTY50 index, slipping 1.96%, amid a decline in the NIFTY Bank index.
It was followed by Oil & Natural Gas Corporation (-1.65%), HDFC Life Insurance Company (-1.55%), Titan Company (-1.33%), Mahindra & Mahindra (-1.12%) and Bharti Airtel (-1.09%), which were among the top losers on Thursday.
On the other hand, Adani Enterprises closed 3.06% higher, after a global investment firm, Jefferies, in a note said that its copper and road business will see a ramp-up during the current financial year. The investment firm added that the renewable energy segment is emerging as a key growth driver amid strong energy-security tailwinds. The group’s planned solar capacity expansion at Mundra is expected to boost earnings, with a meaningful EBITDA uplift likely from the current financial year as projects stabilise and scale.
Hindalco Industries (2.85%), Trent (2.77%), Eternal (2.53%) and Adani Ports and Special Economic Zone (2.20%) were among the other top gainers.
NSE’s NIFTY Midcap 100 gauge advanced 0.63% or 369 points to close at 59,146.75 on April 16.
The index was supported by Bharat Heavy Electricals (6.15%), PB Fintech (5.36%), Radico Khaitan (5.07%), Container Corporation of India (3.23%) and Swiggy (3.14%), which were among the top winners.
On the flip side, the top laggards included Supreme Industries (-4.45%), Astral (-3.31%), GRM Airports (-2.49%), Hero MotoCorp (-2.26%) and Billionbrains Garage Ventures (-2.23%).
The stock of GRM Airports declined as the company recorded flat year-on-year (YoY) traffic growth in Q4 FY26 at 31.8 million passengers across all its airports. While its domestic traffic increased 1.6% YoY, its international traffic dropped by 1.3% YoY.
The NIFTY Smallcap 100 index gained by 0.89% or 152.45 points to end at 17,308.85.
The index was bolstered by gains in Gujarat Mineral Development Corporation (GMDC), which closed 20% higher at its 52-week high of ₹746.75 per equity share.
Firstsource Solutions (9.82%), Aptus Value Housing Finance India (6.67%), Swan Corp (5.60%) and Crompton Greaves Consumer Electricals (5.46%) were among the other top gainers.
On the contrary, its top losers included Poonawalla Fincorp (-2.27%), Piramal Finance (-2.23%), JSW Cement (-1.98%), Meesho (-1.87%) and Angel One (-1.63%).
Related News
About The Author

Next Story