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Stock market recap: Benchmark indices Sensex and Nifty 50 ended higher on Tuesday amid US-Iran peace talks and broad-based sectoral strength.
The Sensex rose by 753 points, or 0.96%, to end at 79,273.33, while the Nifty 50 ended with a healthy gain of 212 points, or 0.87%, at 24,576.60.
Amid the geopolitical developments, we are seeing some steady buying opportunities as the result season unfolds. A very strong upmove with a buy on dips can be considered in the days ahead.
ADANIPORTS (Cmp ₹1594.10)
Indian equities rallied for the third consecutive session on 21 April 2026, supported by optimism over US–Iran peace talks and broad-based sectoral strength. The Sensex climbed 753 points to 79,273, while the Nifty advanced 211 points to 24,576. Buying was widespread, with FMCG and Realty indices rising 2% each, and banking and telecom adding 1%. Financials and consumer stocks led the gains, with Nestle India, HUL, Trent, ICICI Bank, and Bajaj Finance among the top performers.
In contrast, SBI Life Insurance, Bharat Electronics, Jio Financial, Dr Reddy’s Labs, and Titan Company ended lower. Broader indices also participated, as midcaps gained 0.5% and smallcaps rose nearly 1%. More than 140 stocks touched 52-week highs, underscoring strong market breadth. Stock-specific action was notable, with PNB Housing Finance surging 8% on robust earnings and Groww rallying after profit growth. The session highlighted resilience, with investors balancing geopolitical optimism against global uncertainties.
A strong bullish undercurrent on Tuesday helped the Nifty withstand market volatility and ensuredthe rise sustained above critical support zones. Global trends remain the key drivers of the sentiment. There really isn’t much by way of local news flow to contain the volatility induced.
The long body candle moves seen were also reasonably large, bringing in people to stage a steady buying participation through the day! Trading therefore was quite difficult thru the week and it would have been a wonder if one came out largely unscathed in the week. As one can see the Daily charts the prices have tread into strong resistance at the current close and will need more tailwinds that can fuel more upside.
A strong closure above the recent gap resistance after a steady test is hinting at a potential upward drive at the start of the week. The supplies at higher levels will continue to test the confidence, but the recovery that is emerging swiftly from lower levels is signalling that the highs will once again be challenged. The attempts continue to emerge as the market tries to carve out a bullish possibility.
Nifty has managed to hold above the 25000 zone and has graduated above 25300, which has now opened towards 25500, which acts as the next big hurdle as the immediate resistance for some bullish moves. With the Open Interest data clearly indicating a revival one should keep tracking a 30-minute range breakout on trading continues to be an important metric for creating some longs. One should keep looking at every dip as a buying opportunity.
Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223.
Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors.
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Raja Venkatraman is the co-founder of NeoTrader, where he heads the training division. He conducts both offline and live market workshops, seminars, and webinars. He has been working under the guidance of Dr C K Narayan, his mentor and founder of Growth Avenues, for more than 20 years. He is an active trader in multiple asset classes, and actively shares his views on YouTube, blogs at NeoTrader, and on reputed news channels and websites. His Sebi-registered research analyst registration no. is INH000016223.