High
DIXONDixon Technologies (India) Ltd.
Significant price drop and above-average volume breaking 50-day moving average support, suggesting strong selling pressure and a potential breakdown.
below 50DMA support
Daily Report
Daily Report - Fri, 16 Oct, 2026, 15:45 IST
Market Summary
The Indian market ended with NIFTY 50 and SENSEX in positive territory, largely driven by a significant surge in the IT sector. Despite FII selling, DII buying provided support, maintaining a positive market breadth. Investors should watch for continued momentum in IT while observing potential weakness in banking and pharma.
Key Takeaways
- NIFTY 50 (+0.45%) and SENSEX (+0.53%) closed higher.
- IT sector was the top performer, surging +3.09%, with TECHM and WIPRO as top gainers.
- NIFTY BANK (-0.24%), NIFTY PHARMA (-0.24%), and NIFTY FMCG (-0.62%) ended in negative.
- FIIs were net sellers (-5285.37cr), while DIIs were net buyers (+3319.39cr).
- Market breadth was positive with 33 advances and 25 declines.
- VIX stands at 13.9525.
Top Stories & Market Intelligence
- Macro & Policy - Economic Times
RBI Clarifies Rules for Foreign Exchange Risk Reserve
- Global Cues - Reuters
Indian Equity Markets Poised for Positive Start
- Earnings - Moneycontrol
Tech Mahindra Reports Strong Q2 FY27 Results with 32.7% Net Profit Jump
TECHM - Sectoral - Livemint
IT Sector Expected to Maintain Positive Momentum
TCS, INFY, HCLTECH - Corporate Actions - Moneycontrol
Solar Industries Subsidiary to Acquire Sivasakthi Industrial Explosives
SOLARINDS - Stocks in Focus - Moneycontrol
Aarti Industries Recommended as a 'Buy'
AARTIIND - Macro & Policy - Business Standard
India's Current-Account Deficit Narrows to USD 5.2 Billion
- Global Cues - Bloomberg
Asian Shares Rebound Following Tech Sell-Off
Street Consensus & Brokerage Radar
| Ticker | Brokerage | Action | Target | Rationale |
|---|---|---|---|---|
| TCS | Axis Capital | buy | 2,360 | Axis Capital maintains a 'Buy' rating on TCS, implying a 14% upside. The brokerage holds a positive outlook for the IT sector. |
| HDFCBANK | Emkay Global Financial Services | buy | 1,225 | Emkay Global has a 'Buy' rating on HDFC Bank, citing significant upside potential based on strong fundamentals and market position. |
| HDFCLIFE | Emkay Global Financial Services | buy | 700 | Emkay Global initiated a 'Buy' rating for HDFC Life Insurance, driven by a positive outlook for the insurance sector and strong business prospects. |
| NSE | Emkay Global Financial Services | buy | 2,050 | Emkay Global initiated coverage with a 'Buy' rating for NSE, anticipating approximately 15% upside potential from current levels. |
| POWERINDIA | Macquarie | buy | 38,500 | Macquarie maintains an 'Outperform' (Buy) rating on Hitachi Energy India, forecasting a 4.4% upside based on strong order book and execution. |
| ICICIBANK | Macquarie | buy | 1,730 | Macquarie maintains an 'Outperform' (Buy) rating on ICICI Bank, expecting strong FY28 EPS growth and continued robust performance. |
| KOTAKBANK | Macquarie | buy | 500 | Macquarie has an 'Outperform' (Buy) rating for Kotak Mahindra Bank, projecting strong FY28 EPS growth and a positive outlook for the private banking sector. |
| TITAN | Nomura | buy | 5,425 | Nomura holds a 'Buy' rating on Titan, indicating an approximately 19.2% upside potential based on its strong brand and market leadership. |
Corporate Actions & Calendar
| Date | Ticker | Type | Name |
|---|---|---|---|
| 2026-10-16 | HICOMP | dividend | Hindustan Composites Limited |
| 2026-10-16 | HCLTECH | dividend | HCL Technologies Limited |
| 2026-10-15 | ANANDRATHI | dividend | Anand Rathi Wealth Limited |
| 2026-10-16 | BANSALWIRE | split | Bansal Wire Industries Limited |
| 2026-10-16 | IXIGO | results | LE Travenues Tech |
FII / DII Activity
FII Net
−5,285.37 cr
DII Net
+3,319.39 cr
As of 2026-10-15
Market Cues
NIFTY 50
23,146.15
+0.65%SENSEX
74,729.27
+0.56%NASDAQ
26,713.025
+0.08%GOLD
4,206.9
+0.88%INDIA VIX
14.025
0.00%Market Sectors
NIFTY BANK
55,844
+0.06%NIFTY IT
31,924.1
+3.92%NIFTY PHARMA
25,781.65
-0.14%NIFTY AUTO
25,768.5
+0.75%NIFTY METAL
12,133.2
+0.95%NIFTY ENERGY
36,190.85
-0.06%NIFTY REALTY
825.95
-0.33%NIFTY FIN SERVICE
27,211
-0.05%NIFTY FMCG
44,616.15
-0.39%Top Gainers & Losers
Top Gainers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| TECHM | Tech Mahindra | 1,790.00 | +8.48% |
| WIPRO | Wipro | 184.40 | +5.95% |
| TCS | Tata Consultancy Services | 2,465.00 | +4.89% |
| INFY | Infosys | 1,161.20 | +4.61% |
| BHARTIARTL | Bharti Airtel | 1,905.00 | +2.75% |
Top Losers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| BRITANNIA | Britannia Industries | 4,764.00 | -1.77% |
| TATACONSUM | Tata Consumer Products | 978.90 | -1.27% |
| ONGC | Oil & Natural Gas Corp | 222.00 | -1.18% |
| INDUSINDBK | IndusInd Bank | 877.00 | -0.95% |
| SRF | SRF | 2,472.10 | -0.83% |
52-Week High & Low
Near 52-Week High
KOTAKBANKKotak Mahindra Bank
447.40−1.28%
Near 52-Week Low
BRITANNIABritannia Industries
4,764.00+0.63%
VEDLVedanta
246.10+1.15%
SBILIFESBI Life Insurance
1,656.80+1.36%
ONGCOil & Natural Gas Corp
222.00+1.59%
Session Close Surveillance
16:15 ISTMarket Close & Portfolio Surveillance
Session Summary
Two high-conviction sell signals were identified based on significant price drops, above-average volume, and breaches of key technical support levels, indicating strong negative sentiment for these stocks.
Alerts(2)
High
MANKINDMankind Pharma Ltd.
Significant drawdown on above-average volume, coupled with breaking 50-day moving average support, points to strong negative sentiment and potential fundamental issues.
drawdown > 3%below 50DMA support
Portfolio Scan
| Ticker | Price | Change | Note |
|---|---|---|---|
ABREL ABREL | ₹1,117 | +0.46% | +0.5% vs prev close, vol 0.5x avg — flags: below 50DMA support |
AMBUJACEM AMBUJACEM | ₹362.9 | +3.98% | +4.0% vs prev close, vol 1.0x avg |
BANDHANBNK BANDHANBNK | ₹167.5 | -1.67% | -1.7% vs prev close, vol 0.3x avg — flags: below 50DMA support |
BDL BDL | ₹1,115 | -1.06% | -1.1% vs prev close, vol 0.8x avg — flags: below 50DMA support |
BEL BEL | ₹377.1 | -0.71% | -0.7% vs prev close, vol 1.0x avg |
BRITANNIA BRITANNIA | ₹4,780 | -2.32% | -2.3% vs prev close, vol 1.0x avg |
BSOFT BSOFT | ₹318.2 | +2.81% | +2.8% vs prev close, vol 1.4x avg |
CASTROLIND CASTROLIND | ₹197.74 | +0.77% | +0.8% vs prev close, vol 0.6x avg |
CENTRALBK CENTRALBK | ₹30.97 | +0.62% | +0.6% vs prev close, vol 0.5x avg |
DIXON DIXON | ₹12,340 | -2.57% | -2.6% vs prev close, vol 1.8x avg — flags: below 50DMA support |
EXIDEIND EXIDEIND | ₹370.95 | -1.00% | -1.0% vs prev close, vol 1.1x avg — flags: below 50DMA support |
FIRSTCRY FIRSTCRY | ₹180.55 | +0.03% | +0.0% vs prev close, vol 0.2x avg — flags: below 50DMA support |
GMRAIRPORT GMRAIRPORT | ₹89.3 | -1.28% | -1.3% vs prev close, vol 0.1x avg — flags: below 50DMA support |
GODREJCP GODREJCP | ₹855.5 | -1.06% | -1.1% vs prev close, vol 1.0x avg |
HAVELLS HAVELLS | ₹1,123.8 | +0.56% | +0.6% vs prev close, vol 1.0x avg |
HCLTECH HCLTECH | ₹1,378 | +1.08% | +1.1% vs prev close, vol 1.1x avg |
HDFCBANK HDFCBANK | ₹728.85 | +0.28% | +0.3% vs prev close, vol 0.9x avg |
HINDUNILVR HINDUNILVR | ₹1,898 | +0.20% | +0.2% vs prev close, vol 1.0x avg |
INFY INFY | ₹1,161.6 | +4.55% | +4.6% vs prev close, vol 1.0x avg |
IRCTC IRCTC | ₹466.65 | -0.58% | -0.6% vs prev close, vol 1.4x avg |
IREDA IREDA | ₹108.8 | +0.50% | +0.5% vs prev close, vol 0.5x avg — flags: below 50DMA support |
ITC ITC | ₹263 | -0.66% | -0.7% vs prev close, vol 1.0x avg |
ITCHOTELS ITCHOTELS | ₹162.15 | +2.17% | +2.2% vs prev close, vol 7.2x avg — flags: volume>2x avg |
JWL JWL | ₹205.62 | +1.78% | +1.8% vs prev close, vol 0.6x avg — flags: below 50DMA support |
KAMATHOTEL KAMATHOTEL | ₹251.25 | -0.09% | -0.1% vs prev close, vol 0.4x avg |
LICI LICI | ₹397 | +0.76% | +0.8% vs prev close, vol 1.0x avg |
LODHA LODHA | ₹1,058.7 | -0.29% | -0.3% vs prev close, vol 0.7x avg — flags: below 50DMA support |
M&M M&M | ₹2,920.9 | +2.07% | +2.1% vs prev close, vol 1.0x avg — flags: below 50DMA support |
MAGADSUGAR MAGADSUGAR | ₹602.15 | +3.61% | +3.6% vs prev close, vol 1.3x avg |
MANKIND MANKIND | ₹2,275.5 | -3.07% | -3.1% vs prev close, vol 1.4x avg — flags: drawdown>3%, below 50DMA support |
MAXHEALTH MAXHEALTH | ₹845 | -1.39% | -1.4% vs prev close, vol 1.5x avg — flags: below 50DMA support |
NEWGEN NEWGEN | ₹496 | +1.39% | +1.4% vs prev close, vol 1.1x avg |
NHPC NHPC | ₹72 | -0.80% | -0.8% vs prev close, vol 0.5x avg — flags: below 50DMA support |
ONGC ONGC | ₹222.2 | -1.20% | -1.2% vs prev close, vol 1.0x avg |
PRESTIGE PRESTIGE | ₹1,486.2 | -0.26% | -0.3% vs prev close, vol 0.2x avg — flags: below 50DMA support |
PSB PSB | ₹21.44 | +1.13% | +1.1% vs prev close, vol 1.0x avg — flags: below 50DMA support |
RELIANCE RELIANCE | ₹1,211.2 | -0.31% | -0.3% vs prev close, vol 1.2x avg — flags: below 50DMA support |
SBIN SBIN | ₹962.6 | +0.27% | +0.3% vs prev close, vol 0.9x avg — flags: below 50DMA support |
TATASTEEL TATASTEEL | ₹175.6 | -0.48% | -0.5% vs prev close, vol 1.0x avg |
TCS TCS | ₹2,463 | +4.61% | +4.6% vs prev close, vol 2.3x avg — flags: volume>2x avg |
TMPV TMPV | ₹286.9 | +0.02% | +0.0% vs prev close, vol 0.3x avg — flags: below 50DMA support |
ULTRACEMCO ULTRACEMCO | ₹10,928 | +0.58% | +0.6% vs prev close, vol 0.4x avg — flags: below 50DMA support |
VBL VBL | ₹430.5 | +0.29% | +0.3% vs prev close, vol 1.2x avg |
VMM VMM | ₹95.9 | -0.21% | -0.2% vs prev close, vol 0.2x avg — flags: below 50DMA support |
WIPRO WIPRO | ₹184.4 | +6.16% | +6.2% vs prev close, vol 3.3x avg — flags: volume>2x avg |