Sensex Today | Stock Market Live Updates: Nifty likely to open higher; HDB Fin in focus
Published on 16/04/2026 06:57 AM
– Nexus Fund sold 0.53% stake in the company on Wednesday for ₹186 crore
– Here’s the list of buyers: Goldman Sachs, Morgan Stanley, Edelweiss MF, Nippon India MF, and Viridian Asia Opportunities Fund
– Stock still trades below its issue price of ₹487
“The recovery rally is now testing overhead resistance at 24,300 – 24,400, an area defined by the 50-DMA. A decisive break above this resistance zone would place the index back into the H2 2025 trading range, with 200-DMA providing the next upside hurdle near 25,130.”
The GIFT Nifty, an early indicator of how Indian equities are likely to begin trading, is indicating another Gap-up start for our own markets on the day of the Sensex weekly expiry.
Asian markets have opened higher, tracking overnight moves on Wall Street, which took the S&P 500 and Nasdaq to record high levels.
Both the Nikkei 225 index and the KOSPI in South Korea have opened with gains of over 1% each, while futures on the Hang Seng index are also indicating a positive start.
Crude oil prices are mostly steady this morning.
Oil prices are devoid of any significant price action over the last few sessions.
Hopes of a potential truce between the US and Iran is preventing any further rise.
Brent remains around $95 a barrel, while WTI is holding on to the $90 a barrel mark.
Today is the weekly expiry of the Sensex contracts.
Stocks like HDB Financial, ICICI Lombard and Tejas Networks will also be reacting to their results that were reported after market hours on Wednesday.
Stocks like Wipro, HDFC Life, Angel One, CRISIL, HDFC AMC are some names that will be reporting their results today,
The bulls would want to take heart from the overnight rally on Wall Street.
S&P 500 gained for 10th out of the last 11 trading sessions.
Nasdaq rallied for the 11th day running.
Both the indices ended at record high levels overnight.
The Nifty 50 index is now up over 2,000 points from the recent lows of 22,182.
Largecaps have done well, but it is the broader markets that have outperformed.
The Nifty Smallcap 250 index recovered all of its Iran war losses during Wednesday’s trading session.
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