Skip to main content

MoneyWorks4Me

Nifty ends higher amid renewed hopes of US-Iran deescalation

21 Apr 2026 Evaluate

Extending gaining streak for third consecutive session, Indian equity benchmark -- Nifty ended higher on Tuesday amid potential hopes of deescalation in West Asia tensions and strong Q4 earnings. Index made a positive start tracking firm cues from other Asian markets. Soon, index gained traction and continued its firm trade till the end of the session. Sentiments were upbeat with the United Nations’s latest report stating that India's economy is projected to grow at 6.4 per cent this year and 6.6 per cent in 2027. It stated that economies in South and South-West Asia grew by 5.4 per cent in 2025, compared to 5.2 per cent in 2024, driven largely by strong growth in India. Besides, strong performance by banking stocks like ICICI Bank, HDFC Bank, and Axis Bank lead the market gain.

Most of the sectorial indices ended in green led by FMCG, Realty, and Private Bank. The top gainers from the F&O segment were Nestle India, PNB Housing Finance and LIC Housing Finance. On the other hand, the top losers were SBI Life Insurance Company, Polycab India and ICICI Lombard General Insurance Company. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 23900 - 24100 puts indicating this is the trading range expectation.