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MoneyWorks4Me

Nifty ends marginally lower on profit booking

16 Apr 2026 Evaluate

Indian equity benchmark – Nifty ended marginally lower on Thursday on account of profit booking. Index made a positive start following firm cues from other Asian markets and renewed foreign fund inflow. As per exchange data, foreign institutional investors bought equities worth Rs 666.15 crore on April 15, 2026. Besides, hopes for US-Iran peace deal lifted risky sentiments among market participants. Some support also came as Commerce Secretary Rajesh Agrawal said that India and the UK FTA, signed in July last year, is likely to come into force from May. India and the UK signed the Comprehensive Economic and Trade Agreement (CETA), under which 99 per cent of Indian exports will enter the British market at zero duty, while tariffs on British products, such as cars and whisky, will be reduced in India. However, in second half of the session, index wiped out all gain and entered into red terrain as market participants opted to book profit at higher levels. In last leg of the trade, index saw some recovery but eventually ended in red terrain.

Traders were seen piling up positions in Metal, IT and Media stocks, while selling was witnessed in Private Bank, Auto and PSU Bank. The top gainers from the F&O segment were Bharat Heavy Electricals, Adani Power and Crompton Greaves Consumer Electricals. On the other hand, the top losers were Supreme Industries, Astral and GMR Airports. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 21900 - 22100 puts indicating this is the trading range expectation.