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SENSEX, NIFTY TRADE WITH MINOR GAINS; OIL &GAS SHARES RALLY

Published on Apr 17, 2026 12:31

The key domestic indices traded with small gains in early afternoon trade supported by easing geopolitical tensions. Investor sentiment strengthened following a temporary ceasefire between Israel and Lebanon, boosting hopes of fresh negotiations involving the United States and Iran. The Nifty traded above the 24,250 mark.

Oil & gas shares jumped after declining in the past trading session.

At 12:25 IST, the barometer index, the S&P BSE Sensex advanced 300.88 points or 0.39% to 78,292.67. The Nifty 50 index jumped 92.75 points or 0.38% to 24,288.70.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.86% and the BSE 250 SmallCap Index jumped 1.11%.

The market breadth was strong. On the BSE, 2,813 shares rose and 1,301 shares fell. A total of 213 shares were unchanged.

Derivatives:

The NSE`s India VIX, a gauge of the market`s expectation of volatility over the near term, declined 2.72% to 17.59. The Nifty 28 April 2026 futures were trading at 24,299 at a premium of 10.3 points as compared with the spot at 24,288.70.

The Nifty option chain for the 28 April 2026 expiry showed a maximum call OI of 51.5 lakh contracts at the 25,000 strike price. A maximum put OI of 49.7 lakh contracts was seen at the 24,000 strike price.

Buzzing Index:

The Nifty Oil & Gas index jumped 1.15% to 11,384.35. The index declined 0.17% in the past trading session.

Gujarat State Petronet Ltd (up 8.65%), Aegis Logistics Ltd (up 6.28%), Chennai Petroleum Corporation Ltd (up 3.56%), Adani Total Gas Ltd (up 2.49%) and Mahanagar Gas Ltd (up 2.45%), Indraprastha Gas Ltd (up 1.4%), Reliance Industries Ltd (up 1.4%), Castrol India Ltd (up 1%), Bharat Petroleum Corporation Ltd (up 0.94%) and Indian Oil Corporation Ltd (up 0.87%) surged.

Stocks in Spotlight:

NTPC Green Energy shed 0.64%. The company has commissioned 150 MW of solar capacity at a 300 MW project in Rajasthan, boosting its overall renewable portfolio. With this addition, NTPC Green Energy�s total installed capacity has risen to 10,276.40 MW from 10,126.40 MW earlier, reinforcing its growing footprint in the renewable energy space, as per filing.

Alok Industries fell 0.76%. The company consolidated net loss widened to Rs 192.54 crore in Q4 FY26 as against a net loss of Rs 74.47 crore reported in Q4 FY25. Revenue from operations rose 3.14% year on year (YoY) to Rs 982.97 crore in the quarter ended 31 March 2026

Lupin fell 0.96%. The company said that its wholly owned subsidiary, Lupin Pharmaceuticals Inc., has entered into a settlement agreement with Humana Inc. in connection with civil antitrust litigation in the United States. Under the agreement, Lupin Pharmaceuticals Inc. will pay $30 million for a full and final release of all claims by Humana against the company and its affiliates.