Sensex was down by 931 points
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
FinTech BizNews Service
Mumbai, April 9, 2026: Today, the benchmark indices witnessed profit booking at higher levels. The Nifty ended 222 points lower, while the Sensex was down by 931 points. Among sectors, banking and financial services stocks registered profit booking at higher levels, whereas despite weak market sentiment, the Defence and Capital Market indices outperformed, rallied over 1.50 percent.
Technically, after a muted open, the market consistently faced selling pressure at higher levels. Additionally, on daily charts, it has formed a small bearish candle, which supports further weakness from the current levels. However, the short-term texture of the market is still positive.
For day traders, 23,700 - 23,650/76500-76200 would act as key support zones. If the market succeeds in trading above these levels, it could retest the levels of 24,000/77500-24,150/78000. On the flip side, below 23,650/76200, the uptrend would become vulnerable. Below this, it could slip to 23,500-23,400/75500-75300.
