Prime End of the Day Summary: View on Market Performance 21 April 2026

Nifty Gains For the Third Straight Day

Nifty extended its winning streak to third sessions, climbing 211 points to close at 24,576. From a muted start with a marginally positive open, it built steady momentum, finishing near the day’s high.

Nestle, Hindustan Unilever, and Trent topped the Nifty gainers, while SBI Life, BEL, and Dr. Reddy’s faced the heaviest selling as key losers.

All sectoral indices closed green except Nifty Pharma and Consumer Durables; FMCG, Realty, and Private Banks spearheaded the gains.

Nifty Midcap 100 and Smallcap 100 resumed the uptrend, rising 0.49% and 0.88%, respectively. Market breadth turned positive, with BSE advance-decline ratio at 1.43, reigniting mid- and small-cap buying post their recent run-up.

The rupee weakened for the second day in the row, depreciating 37 paise, amid ongoing Middle East tensions. Despite buoyant domestic equities and steady FII inflows, it buckled under a strong US dollar and jittery global oil prices.

The index has now rallied nearly 11% from the recent swing low of 24,182, and today’s close is the highest level seen in this up move so far. The overall trend remains firmly positive, with Nifty now appearing to head toward its 200 DMA near 24,800. On the downside, support has shifted higher to the 24,400 zone, which can be used as a stoploss level for existing long positions.