Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

The Nifty closed way above the 14,200 which is a positive sign for the markets. If we break this level, the markets can slide down to 13,800-13,900. The upside is capped at 14,550-14,600 and any rally up will be used to short the markets.

Apr 23, 2021 3:58 PM

Ajit Mishra, VP - Research, Religare Broking

In a volatile trading session, the Indian markets swung both ways before ending the session in the red. The announcement from state governments and rising COVID-19 cases would continue to remain the number one factor for investors to watch out for in the near term. Further, earnings outcome from Nifty majors would induce stock-specific volatility. We maintain our cautious stance for the markets in the near term as increasing restriction would adversely impact economic activity and earnings.

Apr 23, 2021 3:53 PM

Manish Shah, Founder, Niftytriggers.com

Nifty closed the week marginally lower and the pattern for the week is a spinning top having a very small real body and long shadows. The pattern showcases lack of directional interest among the market participants. It is one of the narrowest week in last several weeks. Fear is a bigger emotion than greed. And the lack of bear power to push Nifty lower is a testimony that long term investors are too bearish on the overall market. Immediate resistance in Nifty is at 14,525-14,550 a break above this and expect an upmove towards 14,700-14,775. On the lower end support is at 14,190-14,180. A break below this and there should be a decline to 13,900-13,850.

Apr 23, 2021 3:50 PM

Here are key stocks that moved the most on April 23

The Sensex ended 202 points lower at 47,878 while the Nifty fell 65 points to settle at 14,341. Get latest Market online at cnbctv18.com

Apr 23, 2021 3:49 PM

Apr 23, 2021 3:48 PM

Apr 23, 2021 3:48 PM

Apr 23, 2021 3:47 PM

Apr 23, 2021 3:47 PM

Market This Week

- Market Slips For 3 Weeks In A Row For The 1st Time In Last 11 Months

- Sensex & Nifty Slip 2% Each, Midcap Index & Nifty Bank Down 1% Each

- PSU Bank, FMCG & IT Top Losing Indices This Week

- UltraTech, Shree Cement, HUL, Tech Mahindra Top Nifty Losers This Week

- Tata Steel, DRL, JSW Steel Top Nifty Gainers This Week

Apr 23, 2021 3:39 PM

Market At Close

- Market Fails To Hold Recovery As Heavyweights (ICICI, Infosys, HDFC Bank) Slip

- Sensex Slips 202 Points To 47,878 & Nifty 65 Points To 14,341

- Nifty Bank Falls 60 Pts To 31,722 While Midcap Index Rises 60 Pts To 23,493

- 33 Nifty Stocks Close In The Red; Britannia, DRL, Wipro, M&M Top Losers

- PSU Stocks (NTPC, Power Grid, Coal India, BPCL) Amongst Top Nifty Gainers

- Panacea Bio Amongst Top Midcap Gainers, Up 37% This Wk On Sputnik Agmt

- TV18 Gains Another 3% Today After Reporting Strong Q4 & FY21 Earnings

- Cadila Health Rises 4% On DCGI’s Nod To Virafin For COVID Treatment

- Market Breadth Favours Advances; Advance-Decline Ratio At 5:4

Apr 23, 2021 3:39 PM

Closing Bell | Indian equity indices ended lower Friday dragged by selling in IT, FMCG and pharma stocks. The Sensex fell 202.22 points or 0.42 percent to 47,878.45, while the Nifty closed 64.80 points, or 0.45 percent lower at 14,341.35. Broader markets outperformed the benchmarks as the Nifty Midcap100 and Nifty Smallcap100 ended higher.

Among sectoral indices, IT, FMCG, Pharma, Metal and Realty ended in the red, while gains were seen in Nifty PSU Bank and Nifty Media indices. Britannia Industries, M&M, Dr Reddy’s Laboratories, Wipro and ICICI Bank were the top Nifty50 losers while NTPC, PowerGrid Corporation, HDFC Life Insurance, IndusInd Bank and BPCL were the top gainers.

Apr 23, 2021 3:36 PM

Investing in global stocks? Know charges and tax implications

Here’s a look at different aspects of investing in global stocks from India.Get latest Market online at cnbctv18.com

Apr 23, 2021 3:24 PM

Ashis Biswas, Head of Technical Research at CapitalVia Global Research

The market failed to show resilience to stay above the Nifty 50 Index level of 14,400. While it is subject to further price action evolution. The technical factors are aligned to support a lackluster market movement going forward. Any corrective wave down should find support around 14,180-14,200. The traders refrain from building a fresh buying position until we witness a correction till 14,180-14,200 level or else a breakout above the 14,400. It has observed volatility to expand in today’s trading session indicating profit booking and lack of trendiness in the market.

Apr 23, 2021 3:14 PM

Market to consolidate further, pharma sector to be hot cake this year as well: IIFL Securities’ Sandeep Bhardwaj

The benchmark Nifty is stuck in a range of 14,200-14,500, and the investors are leaving no opportunity to book profits at higher levels. Sandeep Bhardwaj, CEO, Retail, IIFL Securities is of the view…

Apr 23, 2021 3:03 PM

Cadila Healthcare | Zydus Cadila has received Restricted Emergency Use Approval from the Drug Controller General of India (DCGI) for the use of ‘Virafin’, Pegylated Interferon alpha-2b (PegIFN) in treating moderate COVID-19 infection in adults. A single dose subcutaneous regimen of the antiviral Virafin will make the treatment more convenient for the patients. When administered early on during COVID, Virafin will help patients recover faster and avoid much of the complications.

Apr 23, 2021 2:55 PM

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