Navia Weekly Roundup (Apr 13 – Apr 17, 2026)

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• Week in the Review
• Indices Analysis
• Interactive Zone!
• Sector Spotlight
• Top Gainers and Losers
• Currency Chronicles
• Commodity Corner
• Top Blogs of the Week!
• N Coins Rewards

Week in the Review

Markets advanced for a second straight week in the holiday-shortened period, with benchmarks gaining, supported by de-escalation in West Asia, softer crude oil prices, and easing FII outflows.

Indices Analysis

For the week, the BSE Sensex added 2.04% to close at 78,493.54, while the Nifty 50 rose 1.95% to finish at 24,353.55.

Nifty Midcap 100 Index rose 3.5%, with Suzlon Energy, Radico Khaitan, Bharat Heavy Electricals, Blue Star, Rail Vikas Nigam, Oracle Financial Services Software, JSW Energy rising 10-16 percent.

The Nifty Smallcap Index advanced 4.3% during the week,with Gujarat Mineral Development Corporation, PG Electroplast, Angel One, Netweb Technologies India, Reliance Power, Ircon International, Deepak Fertilisers And Petrochemicals Corporation, Inox Wind, Aegis Logistics, Triveni Turbine, Welspun Corp, Aptus Value Housing Finance India, Five-Star Business Finance rise 10-22 percent.

The total market capitalisation of BSE-listed firms surged by over ₹14 lakh crore this week, with Adani Ports and Special Economic Zone recording the highest addition, followed by Tata Consultancy Services, Reliance Industries, and Hindustan Unilever. On the other hand, HDFC Bank, Bharti Airtel, and Bajaj Finance witnessed erosion in their market capitalisation.

Despite turning net buyers in the latter part of the week after initial selling on Monday, Foreign Institutional Investors (FIIs) ended the week as net sellers, with a net outflow of ₹251.47 crore. On the contrary, Domestic Institutional Investors (DIIs) remained net sellers, offloading equities worth ₹6,285.91 crore during the week.

Interactive Zone!

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Sector Spotlight

Among the sectors, all indices ended in the green. The Nifty Capital Markets index led the gains, rising 7.6%, followed by the Nifty Defence index, which added 6.8%. The Nifty Energy and Media index gained 5%, while the Nifty Realty and Metal index rose over 4%. Meanwhile, the Nifty Auto indices advanced 1.4%.

Top Gainers and Losers

Currency Chronicles

USD/INR:

The USD/INR rate closed at ₹92.57 per dollar, losing 0.51% during the week, reflecting a bearish market sentiment.

EUR/INR:

The EUR/INR rate closed at ₹108.93 per euro, gaining 0.25% during the week, reflecting a bullish market sentiment.

JPY/INR:

The JPY/INR rate closed at ₹0.58 per yen, gaining 0.2% during the week, reflecting a bullish market sentiment.

Stay tuned for more currency insights next week!

Commodity Corner

Crude Oil futures are showing a mild recovery attempt with a green candle after a sustained multi-session decline from the highs near 10,400. Despite today’s intraday bounce, the price continues to trade below key overhead resistance, reflecting a broader structure that remains under significant supply pressure following the aggressive breakdown from elevated levels.

The near-term bias continues to lean bearish, with the price unable to reclaim meaningful resistance and each recovery attempt attracting sellers at higher levels. The current zone near 8,800–8,900 represents a critical test, as the price consolidates near its recent corrective lows. A sustained trade below 8,685 would confirm renewed downside momentum and invite further pressure toward 8,545 and potentially lower structural support levels.

On the upside, immediate resistance lies near 8,960, followed by stronger overhead supply near 9,070–9,100. A decisive breakout and sustained close above 8,960 would be required to shift the near-term bias constructively, though the broader structure firmly favours sellers unless a clear and sustained recovery above resistance materialises.

Gold futures are showing a mild intraday pullback with a small red candle after price retreated from the recent session highs near 154,700–155,000. The broader structure remains constructively bullish, with price holding well above the key structural support base and the overall recovery from the lows near 144,000 continuing to define the dominant trend.

The short-term structure preserves its bullish character, with the current consolidation near 152,500–153,500 reflecting orderly digestion following the strong advance. Buyer participation continues to defend key support zones, and the price remains in a favourable position relative to its broader recovery trend. A decisive breakout and sustained close above 154,000 could confirm renewed bullish momentum and open the path toward 155,500 and 157,000.

On the downside, immediate support lies near 153,000, followed by stronger structural demand near 152,500. A breakdown below 153,000 may invite short-term corrective pressure toward 151,500–150,000, though the prevailing bullish momentum strongly favours buyers on dips unless a sustained close below key support occurs.

Natural Gas futures are showing mild consolidation with small-bodied candles forming beneath the 248–250 resistance band. The price has sustained an extended downtrend from levels above 280, with the broader structure reflecting persistent seller dominance and a consistent series of lower highs and lower lows across recent sessions.

The near-term bias remains firmly bearish, with the current consolidation indicating hesitation rather than genuine reversal intent. The sustained weakness below 250 has been accompanied by reduced buyer participation and continued red candle dominance on the higher timeframe. A sustained trade below 245 would confirm renewed bearish momentum and invite accelerated downside pressure toward 243 and lower extension zones.

On the upside, immediate resistance lies near 250, followed by stronger supply at 252–255. A breakout and sustained close above 250 would be required to neutralise the current bearish structure and signal a short-term recovery, though momentum firmly favours sellers on any intraday rally at present.

Silver Futures are currently showing a short-term pullback with a mild red candle after price retreated from the recent highs near 254,000–255,000. Despite the near-term consolidation, the broader recovery structure from the lows near 226,000 remains intact, with price holding above key demand zones and reflecting continued underlying buyer interest.

The broader structure remains constructively positioned on the higher timeframe, with the sustained recovery from lower levels preserving the bullish bias. The current zone near 247,000–249,000 represents a natural consolidation area following the sharp advance, reflecting short-term digestion rather than a shift in trend. A decisive breakout and sustained close above 250,000 could confirm resumption of the bullish advance and open the path toward 252,000 and 254,000.

On the downside, immediate support lies near 247,000, followed by stronger structural demand near 244,000. A breakdown below 248,000 would invite short-term corrective pressure toward 246,000–244,000, though the prevailing recovery momentum favours buyers on dips unless a clear and sustained breakdown below support occurs.

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