The Market Outlook

Gautam Adani & cos get CCI clean chit in US bribery allegations in SECI tender case https://economictimes.indiatimes.com/news/company/corporate-trends/gautam-adani-and-group-companies-get-clean-chit-from-cci-in-bribery-allegations-seci-tender-case-solar-enerfy-adani-enterprises-share-price-green-energy/articleshow/130311270.cms

Check out the fundflow activity for April 16

US Markets Open: S&P 500, Nasdaq 100 open 0.1% higher, Dow Jones rises 0.3%

.*🔹INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON 16-04-2026 :* *FIIS F & O : RS. CRS. :* *TOTAL NET SELL : -2,859* 😥 *INDEX FUT. : +266* *INDEX OPT. : -964* *STOCK FUT. : -1,643* *STOCK OPT. : -518* *🔹INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 16-04-2026 :* *FIIS : BUY +382 (16,209-15,827)*🙂 *DIIS : SELL -3,428 (16,538-19,966)*😭 *BSE SENSEX : -122 (77,989)🔽* *NSE NIFTY : -34 (24,197)🔽* *BSE MIDCAP. : +83 (15,930)🔼* *BSE SMLCAP. : +63 (6,448)🔼* *B. CRUDE : $ 96.36 🔼😥* *GOLD : $ 4,815=INR 1,55,350(10gr)*🔽☺️ *SILVER : RS. 2,55,000 (kg)* 🔼😃 *FOREX : RS. $ 93.20 🔼🙂* *6.48% NEW '35: 6.8884%(97.19)🔼☺️* *6.68% GS '40: 7.2099% (95.32)🔼☺️*

DGCA on Akasa- SpiceJet incident

Board approves buyback at Rs 250/share

Nifty 50 ends in the red, down over 0.15% Nifty Defence is the best-performing sector, up over 1.5% Nifty Bank is the worst-performing sector, down over 0.5%

Aurobindo Pharma's arm, TheraNym Biologics, expands its contract manufacturing organisation (CMO) agreement with Merck Sharp & Dohme Singapore Trading (MSD) for an additional product schedule. Following the agreement, the firm plans to construct a large-scale mammalian Drug Substance manufacturing facility for the product schedule with a $150-175 million capex. Tejas Networks is falling sharply as its Q4FY26 revenue plunges 82.1% YoY to Rs 343 crore due to lower sales and deferment of orders from BSNL. Net loss expands 194.3% to Rs 211.3 crore, caused by higher R&D expenses. It shows up in a screener of stocks where promoters are decreasing their shareholding. Indiqube Spaces surges to its 20% upper limit as it signs a Rs 52 crore, five-year workspace deal with a Japanese e-commerce company for a 35,000 sq. ft. facility at Outer Ring Road, Bengaluru. Railway stocks, including RVNL and RailTel, rise after several companies secured fresh orders, with total wins exceeding Rs 1,400 crore. Rail Vikas Nigam (RVNL) accounted for the largest share, awarding RailTel two contracts worth Rs 565 crore for setting up integrated communication systems in railway tunnels. Separately, on April 6, the government announced a broader railway safety investment package worth Rs 1,364.5 crore. Brigade Enterprises enters a joint development agreement (JDA) to develop an 8.6-acre land parcel in Bengaluru. The land is part of a 39-acre residential township with a gross development value (GDV) of Rs 7,200 crore. Rubicon Research is rising as it plans to acquire a 85% stake in Arinna Lifesciences for Rs 176 crore. This acquisition expands its presence in key markets and strengthens its focus on the central nervous system segment. John Cockerill India surges as it receives an order worth Rs 300 crore from JSW Steel Coated Products for the design, manufacturing, supply, supervision of erection, and commissioning of a continuous galvanizing line. HDB Financial Services soars over 10% as its Q4FY26 net profit jumps 41.4% YoY to Rs 750.6 crore. Revenue grows 11.2% to Rs 4,745.4 crore, supported by an improvement in the lending business. It features in a screener of stocks with increasing revenue for the past four quarters. Nifty 50 was trading at 24,389.10 (157.8, 0.7%), BSE Sensex was trading at 78,583.89 (472.7, 0.6%), while the broader Nifty 500 was trading at 22,783.35 (187.8, 0.8%). Market breadth is highly positive. Of the 2,298 stocks traded today, 2,035 were gainers and 224 were losers. Riding High: Largecap and midcap gainers today include REC Ltd. (365, 3.5%), Power Finance Corporation Ltd. (458.60, 3.1%) and Hindalco Industries Ltd. (1,041.30, 3.0%). Downers: Largecap and midcap losers today include Supreme Industries Ltd. (3,642.60, -4.9%), Astral Ltd. (1,552.70, -4.8%) and GMR Airports Ltd. (96.58, -2.7%). Movers and Shakers 11 stocks in BSE 500 are trading on high volumes today. Top high volume gainers on BSE included Gujarat Mineral Development Corporation Ltd. (738.95, 18.7%), Gallantt Ispat Ltd. (892.30, 12.9%) and Sonata Software Ltd. (284.95, 12.3%). Top high volume losers on BSE were Gland Pharma Ltd. (1,739, -0.8%) and Gujarat Fluorochemicals Ltd. (3,356, -0.7%). Firstsource Solutions Ltd. (247.40, 12.3%) was trading at 48.6 times of weekly average. NLC India Ltd. (298.55, 8.5%) and Swan Corp Ltd. (359.20, 8.1%) were trading with volumes 18.4 and 11.2 times weekly average respectively on BSE at the time of posting this article. BSE 500: highs, lows and moving averages 26 stocks took off, crossing 52 week highs, Stocks touching their year highs included - Adani Power Ltd. (186.61, 1.7%), Adani Energy Solutions Ltd. (1,191, 1.7%) and Aurobindo Pharma Ltd. (1,375.40, 0.1%). 31 stocks climbed above their 200 day SMA including REC Ltd. (365, 3.5%) and International Gemmological Institute (India) Ltd. (362.60, 3.3%). 5 stocks slipped below their 200 SMA including Capri Global Capital Ltd. (180, -3.0%) and Tata Investment Corporation Ltd. (705.15, -1.3%).