GreyOak Market Pulse | 17 April 2026 Global markets are sending mixed signals, but the tone has improved. The US closed higher, with the S&P 500 up 0.26%, Nasdaq up 0.36%, and Dow Jones up 0.24%, while Europe remained largely steady. Asia, however, stayed under pressure, with the Nikkei down 0.99% and Hang Seng lower by 1.26%. The biggest macro development is in commodities. WTI crude fell 5.23% to 89.74, easing one of India’s most immediate market concerns: imported inflation and pressure on the external balance. The rupee reflected that relief, with USD/INR down 0.48% to 92.94. The DXY stayed broadly flat, while gold remained firm, showing that caution has not fully left the system. Back home, market leadership was selective. The NIFTY 50 slipped 0.14% and Bank Nifty fell 0.38%, but broader participation remained healthy. The NIFTY Midcap 150 gained 0.63%, NIFTY IT rose 0.88%, and Pharma edged higher. The message from the tape is clear: risk appetite has not disappeared, but it is rotating toward quality growth and sectors with stronger earnings visibility. Globally, Technology is the dominant theme today, with Semiconductors and Industrials also showing strength. That aligns well with the relative resilience seen in Indian IT. Levels to watch Support: 24,000, then 23,850 Resistance: 24,250, then 24,400 GreyOak View: The pressure from oil has cooled, but this is not yet a full risk-on reset. Markets are still balancing geopolitics, fund flows, and earnings. For India, the setup improves meaningfully if crude remains below $90 and the rupee stays stable. In that scenario, large-cap IT, selective midcaps, and fundamentally strong compounders could continue to attract attention. The real test is not the headline move. It is whether buyers can sustain conviction through the session. For informational purposes only. Markets involve risk. #GreyOakCapital #MarketPulse #IndianMarkets #Nifty #GlobalMarkets #Technology #ITStocks #Midcaps #Investing