Nifty halts slide, closes firm near 24,100 despite global noise

Reliance, Sun Pharma & other heavyweights aide in today's recovery

Apr 27, 2026

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Markets Today

Nifty opened with a gap up of 47 points at 23,945, tracking positive global cues even as US–Iran talks remained stalled and crude prices held firm above $100 per barrel. The index saw some early volatility before moving sharply higher to the 24,080–24,100 zone within the first hour.

After the initial move, Nifty lost momentum and drifted lower through the late morning session, slipping toward the 23,980–24,000 range by around 11:45 AM.

In the second half, buying interest gradually picked up, helping the index move higher in a steady uptrend. Nifty crossed the 24,050 mark post 12:30 PM and extended gains toward the 24,100–24,120 zone.

The index remained firm in the final hour, holding on to gains despite minor pullbacks toward the 24,080 level, and eventually closed at 24,092.70. The session was marked by a strong start, a brief midday dip, and a steady second-half recovery that pushed the index higher into the close.

Nifty rose 0.81% to 24,092.70, snapping a three-session losing streak. Bank Nifty lagged with a 0.31% gain, while midcaps outperformed, jumping 1.46%. VIX declined 6.75% to 18.38, and market breadth turned sharply positive, with 411 advances against 89 declines.

Sectoral Indices Performance

Pharma led at 2.62%, followed by Realty at 2.46%, Media at 2.3%, and IT at 2.2%. All 12 sectors closed green. FMCG brought up the rear at 0.55%, PSU Bank at 0.48%, and private banks barely moved at 0.31%.

Winners & Losers

Midcaps outran large caps, rising 1.46%. The breadth flip from four straight days of carnage to 411 advances suggests defensive positioning eased. IT’s 2.2% pop pulled back some of the 5.3% collapse it took on Thursday.

Momentum Screener

Global Markets

Commodities

Crude jumped 2.98% to ₹9,080, the second spike in three weeks. Gold dipped 0.33% to ₹1,52,198, silver down 0.61% to ₹2,43,150.

FII / DII Flows

Here’s the trend of FII-DII activity from the last 5 days:

Thematic Indices

Tijori’s niche indices, where pockets of the market beyond standard sector baskets are sorted by today’s move. You can also track the Promoter buying and other interesting stuff, like Capex activity by the companies in the Tijori App’s idea dashboard

Change in OI for the day

The following is the change in OI for Nifty contracts expiring on 28th April:

The maximum Call Open Interest (OI) is observed at 24,500, followed by 24,200 & 24,100, indicating potential resistance at the 24,200 -24,300 levels.
The maximum Put Open Interest (OI) is observed at 24,000, followed by 24,100 & 23,900, suggesting support at 24,000-23,900.

Note: OI is subject to multiple interpretations; however, generally, an increase in Call OI indicates resistance in a falling market, while an increase in Put OI indicates support in a rising market.

Source: Sensibull