TCS is in a severe downtrend with negative five-year returns, and finding a bottom is extremely difficult.
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VALUE BUYING or Short covering? Post Market Report 16-Mar-26
P R SundarApr 15, 2026
The Indian market experienced extreme volatility, with the Nifty breaking below 23,000 before a significant recovery. The creator suggests this was primarily short covering driven by domestic institutions supporting key stocks like Reliance Industries, HDFC Bank, and ICICI Bank, rather than fresh buying. The IT sector, particularly TCS, is highlighted as a weak area with no clear bottom in sight. The creator advises caution due to ongoing geopolitical tensions and suggests hedging with options until the situation stabilizes.
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Domestic institutions may have bought ICICI Bank shares to support the Nifty and prevent a market crash below 23,000.
HDFC Bank was likely supported by domestic institutions to prevent a market panic and a fall below 23,000.
Domestic institutions likely supported Reliance Industries to prevent the Nifty from falling below 23,000.
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BTCS
sell opened Apr 15, 2026
+15.20%