NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

Indian Stock Market Closes Higher on Friday

The Indian stock market closed higher on Friday, driven by strong gains in banking majors such as ICICI Bank, HDFC Bank, and Axis Bank. Benchmark indices stayed in the green throughout the session, although the upside was limited due to elevated crude oil prices and growing inflation concerns, which may prompt tighter monetary policy measures.

The Sensex settled at 75,415.35, gaining 232 points or 0.31%, while the Nifty 50 closed at 23,719.30, up 65 points or 0.27%. The Nifty 50 opened with a marginal gap-up at 23,671.20, reflecting a steady start to the session. The index registered its intraday low of 23,671.00 within the first few minutes itself, as the opening and low levels remained almost identical for the day.

Technical Analysis Suggests Cautious Optimism

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

According to Sumeet Bagadia, Executive Director at Choice Broking, the formation of an inverted hammer-like candlestick pattern indicates selling pressure near higher levels despite buying interest from lower zones, reflecting cautious optimism in the near term. On the daily timeframe, immediate support is placed in the 23,400–23,450 range, while resistance is observed between 23,850 and 23,900 levels. The Relative Strength Index (RSI) stands at 47.19, indicating gradual improvement in momentum though the index still trades below the stronger bullish zone.

Bank Nifty Sees Strong Buying Momentum

The Bank Nifty index opened with a marginal gap-up at 53,483.85, reflecting positive sentiment in the banking space. The index registered its intraday low of 53,483.55 within the first few minutes itself, as the opening and low levels remained almost identical for the day. Thereafter, the index witnessed strong buying momentum during the first half and rallied sharply towards an intraday high of 54,213.05. Although some profit booking was seen during the early part of the second half, renewed buying interest helped the index recover and close firmly in positive territory at 54,055.35, gaining 615.95 points or 1.15% for the session.

Key Resistance Zones to Watch

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Sumeet Bagadia has recommended three stocks to buy on Monday, April 18. The three stock picks by Bagadia are:

StockBuy PriceTarget PriceStop Loss
Aditya Birla Fashion and Retail₹67.35₹74₹64
Bank of Maharashtra₹80.04₹87₹76.50
Ola Electric Mobility₹36.01₹39.30₹34.30

These stocks are expected to show positive momentum in the near term, with key resistance zones to watch for sustained movement.

Investor Takeaway

Investors may consider these undervalued stocks for potential gains.

IPOScanner Logo

IPOScanner helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.

About IPO Scanner

IPOScanner is built for investors who want a clear view of every IPO opportunity in one place. From upcoming issues to live subscription data, allotment updates and listing performance, we bring together the key details you need to track the primary market.

Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.

Details of client bank account
For any query / feedback / clarifications, email at
[email protected].

Please read all offer documents and risk disclosures carefully before investing. IPOScanner does not provide investment advice and information on this site should not be treated as a recommendation to apply for any IPO.

© 2026 IPO Scanner. All rights reserved.