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Stock Market Today Highlights: Nifty50 ends below 24,400; BSE Sensex tumbles over 750 points; IT stocks crash

Stock Market Today Highlights: Nifty50 and BSE Sensex tanked in trade on Wednesday after a day of gains. Indian equity benchmarks ...

The Times of India | Apr 22, 2026, 16:24:42 IST

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16:24 (IST), Apr, 22

Stock Market Live Today: Top 10 losers on Nifty50

1. HCL Tech: Current Price 1,285 | Price Change -156.00 (-) | -10.82% (-)
2. Infosys: Current Price 1,269 | Price Change -44.61 (-) | -3.40% (-)
3. M&M: Current Price 3,150 | Price Change -97.61 (-) | -3.01% (-)
4. TCS: Current Price 2,539 | Price Change -72.00 (-) | -2.76% (-)
5. Tech Mahindra: Current Price 1,463 | Price Change -38.21 (-) | -2.55% (-)
6. Bajaj Auto: Current Price 9,602 | Price Change -191.00 (-) | -1.96% (-)
7. HDFC Life: Current Price 604.05 | Price Change -10.16 (-) | -1.66% (-)
8. ICICI Bank: Current Price 1,368 | Price Change -20.81 (-) | -1.50% (-)
9. Max Healthcare: Current Price 1,005 | Price Change -14.90 (-) | -1.47% (-)
10. HDFC Bank: Current Price 799.90 | Price Change -11.86 (-) | -1.46% (-)

16:23 (IST), Apr, 22

Stock Market Live Today: Top 10 gainers on Nifty50

1. Tata Consumer: Current Price 1,179 | Price Change 36.60 (+) | 3.21% (+)
2. HUL: Current Price 2,369 | Price Change 58.10 (+) | 2.52% (+)
3. Kwality Wall's: Current Price 28.20 | Price Change 0.68 (+) | 2.48% (+)
4. NTPC: Current Price 405.40 | Price Change 9.20 (+) | 2.33% (+)
5. Hindalco: Current Price 1,040 | Price Change 18.30 (+) | 1.79% (+)
6. Tata Motors PV: Current Price 361.85 | Price Change 5.96 (+) | 1.68% (+)
7. Jio Financial Se...: Current Price 238.51 | Price Change 3.76 (+) | 1.61% (+)
8. Adani Ent.: Current Price 2,261 | Price Change 34.80 (+) | 1.57% (+)
9. Eternal: Current Price 262.99 | Price Change 3.51 (+) | 1.36% (+)
10. UltraTech Cem.: Current Price 12,193 | Price Change 154.00 (+) | 1.28% (+)

16:10 (IST), Apr, 22

Stock Market Live Today: Some Nifty indices that closed in green

1. Nifty Energy: Price 39,897 | 1D Chg% 1.42% (+)
2. Nifty India Defence: Price 8,945 | 1D Chg% 1.35% (+)
3. Nifty Smallcap 50: Price 8,691 | 1D Chg% 1.23% (+)
4. Nifty Smallcap 100: Price 17,840 | 1D Chg% 1.13% (+)
5. Nifty Smallcap 250: Price 16,683 | 1D Chg% 1.03% (+)
6. Nifty Commodities: Price 10,218 | 1D Chg% 0.93% (+)
7. Nifty MNC: Price 32,052 | 1D Chg% 0.82% (+)
8. Nifty FMCG: Price 51,199 | 1D Chg% 0.75% (+)
9. Nifty Next 50: Price 71,346 | 1D Chg% 0.74% (+)
10. Nifty Media: Price 1,453 | 1D Chg% 0.69% (+)

16:03 (IST), Apr, 22

Stock Market Live Today: Rupee continues to trade weak

"Rupee continued to trade weak, declining by 35 paise to 93.78, as rising crude oil prices and ongoing geopolitical uncertainty kept pressure on the currency. The weakness is also linked to the RBI’s partial rollback of earlier forex curbs, which has eased restrictions on derivative trades and reduced some of the earlier support for the rupee.

At the same time, the dollar remains steady near 98, while uncertainty around US–Iran developments continues to keep markets cautious, with both escalation and de-escalation possibilities still on the table.

In the near term, the rupee is expected to trade in a range of 93.25–94.50, with direction largely driven by crude prices and geopolitical updates,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

16:02 (IST), Apr, 22

Stock Market Live Today: Broader market showed resilience

"Global markets remained in a risk-off mode despite the ceasefire extension, as uncertainty around US–Iran talks and ongoing shipping disruptions kept investors cautious. The rebound in crude prices to ~$100/bbl, coupled with persistent geopolitical uncertainty, led investors to book profits after the equity market’s sharp ~10% rise from recent lows. The Nifty IT index lagged on cautious commentary and conservative FY27 guidance, reflecting weak discretionary demand and near-term visibility concerns. Nonetheless, the broader market showed resilience, supported by valuation comfort and selective buying at lower levels,” says Vinod Nair, Head of Research, Geojit Investments Limited.

16:01 (IST), Apr, 22

Stock Market Live Today: Index in bearish grip

"The index remained in a bearish grip during the day following a negative start on Wednesday. However, short term, sentiment remains positive as the index sustains above the 50EMA. The RSI is in a bearish crossover on the hourly chart. Besides, on a smaller timeframe, the index has fallen below the 20EMA, suggesting waning bullishness. The India VIX remained positive; however, it remains below the 50EMA, confirming decreased fear among investors. The setup looks balanced and non-indicative. Any development coming from the Middle East will have an impact on Thursday's opening. On the lower end, support is placed at 24,200, below which the index might drift down towards 23,900. On the higher end, 24,600 might act as resistance again, where the 100EMA is placed on the daily timeframe,” says Rupak De, Senior Technical Analyst at LKP Securities.

15:45 (IST), Apr, 22

Stock market live today: Sensex, Nifty50 close in red

BSE Sensex closed at 78,516.49, trimming 756.84 points or 0.95%. NSE Nifty50 also ended the day in red, down 0.81% or 198.50 points to reach 24,378.10.

15:36 (IST), Apr, 22

Stock Market Live Today: OmniScience Capital shares Nifty projections

India’s benchmark indices, the Sensex and Nifty, have started the financial year 2027 on a firmer footing, clawing back a portion of the losses suffered during the steep declines seen in March. OmniScience Capital remains optimistic about the outlook for Dalal Street, projecting that the Nifty could trade in the 28,000–31,000 range by the end of March 2027, indicating a potential upside of 15–25% from current levels.

Drivers behind the expected rise

The investment firm attributes this positive outlook primarily to earnings growth, which is estimated to be in the range of 10–13% for FY27. It also sees scope for valuation expansion, supported by a combination of easing geopolitical tensions, softer crude oil prices, a strengthening rupee, and a more benign inflation outlook. These conditions, it noted, could allow the Reserve Bank of India to maintain stable interest rates while also encouraging a return of foreign institutional investor inflows.

OmniScience further highlighted the long-term performance of the Nifty 50, noting that over the past 25 years, the index has delivered a compound annual growth rate of about 14.26%, including dividends. This sustained upward trend, despite intermittent sharp corrections, reflects consistent earnings growth and ongoing liquidity support over time.

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14:50 (IST), Apr, 22

Sensex Today Live: SBI Securities Mid-Market Index View

The frontline indices started on a muted note and remained confined within the range of the previous day.
Among the major sectoral indices, Nifty Energy is the best performing sector gaining 1.25% while Nifty IT is the worst perfoming sector losing 4.65%
Coming back to Nifty, the zone of 24350-24320 will act as a crucial support for the index while the resistance lies in the zone of 24600-24620 zone.
On the downside, if the index slips below the level of 24320 then the next support is placed the zone of 24170-24150.
In an event of a surge above 24620, the index can experience an extension of the rally towards 24800.
On the options front, meaningful call writing witnessed across 24500 & 24600 strikes. On the put side, 24400 has a substantial open interest, followed by 24300 strike.
Nifty's Advance Decline Ratio is at 22:28. Nifty's PCR is currently at 0.96.
Speaking of Sensex levels, support is at 78,300 while resistance is at 79,100.

14:49 (IST), Apr, 22

Sensex Today Live: Why have IT stocks crashed?

Shares of major IT firms including Tata Consultancy Services, Wipro, Infosys and Tech Mahindra faced heavy selling on Wednesday, falling by as much as 11% after HCLTech’s fourth-quarter results failed to meet expectations and its outlook for the upcoming quarters remained weak.

The cautious guidance set off a series of downgrades and cuts in target prices, pulling the broader IT sector lower and erasing nearly Rs 92,000 crore from the Nifty IT index’s market value in just one session. HCLTech recorded the steepest drop of 11%, while Tech Mahindra, Coforge, Persistent Systems and Infosys declined by up to 6%. Tata Consultancy Services and Wipro showed comparatively smaller losses but still slipped by as much as 2%.

While announcing its Q4 results on Tuesday, HCLTech projected revenue growth of 1% to 4% for FY27 in constant currency terms. The company also missed its FY26 growth guidance of 4.0% to 4.5%, reporting a lower figure of 3.9%. Its services segment is expected to grow between 1.5% and 4.5%, which is below the 4.8% growth achieved in FY26.

Among brokerages, Jefferies took the most negative stance, downgrading the stock to Underperform and assigning a price target of Rs 1,165, one of the lowest estimates in the market.

13:58 (IST), Apr, 22

Stock Market Live Today: What’s the outlook for US stocks?

The dip may be short-lived. Donald Trump announced an extension of the US ceasefire with Iran just in time for after-hours trading. In USA, this was one of the best retail sales reports in months. Sales grew over 4% over this time last year, which is testament to the continued strength of the consumer. This should reassure those who were curious about demand destruction from the Iran conflict and higher prices for now. The first wave of tax refunds likely offset the impact of higher gas prices last month. With oil prices trending lower and tax refunds still filtering through the system, the backdrop for spending remains favourable, says Vikram Kasat, Head Advisory, PL Capital.

13:12 (IST), Apr, 22

Sensex Today Live: Top 10 gainers on BSE Sensex at this hour

1. HUL: Current Price 2,386.8 | Price Change 76.11 (+) | 3.29% (+)
2. NTPC: Current Price 404.95 | Price Change 8.75 (+) | 2.2% (+)
3. Kwality Wall's: Current Price 28.08 | Price Change 0.56 (+) | 2.03% (+)
4. Eternal: Current Price 263.00 | Price Change 3.52 (+) | 1.36% (+)
5. UltraTech Cem.: Current Price 12,164 | Price Change 125.00 (+) | 1.04% (+)
6. Trent: Current Price 4,427.5 | Price Change 37 (+) | 0.84% (+)
7. Axis Bank: Current Price 1,389 | Price Change 11.00 (+) | 0.80% (+)
8. RIL: Current Price 1,364 | Price Change 10.40 (+) | 0.77% (+)
9. Asian Paints: Current Price 2,559 | Price Change 15.00 (+) | 0.59% (+)
10. Power Grid: Current Price 320.90 | Price Change 1.55 (+) | 0.49% (+)

12:46 (IST), Apr, 22

Sensex Today Live: Top 10 Losers on BSE Sensex at this hour

1. HCL Tech: Current Price 1,284.4 | Price Change -156.8 ↓ | -10.87% ↓
2. Tech Mahindra: Current Price 1,407.9 | Price Change -92.9 ↓ | -6.19% ↓
3. Infosys: Current Price 1,257.6 | Price Change -55.61 ↓ | -4.23% ↓
4. TCS: Current Price 2,507 | Price Change -103.5 ↓ | -3.96% ↓
5. M&M: Current Price 3,195.6 | Price Change -51.71 ↓ | -1.59% ↓
6. L&T: Current Price 4,020.4 | Price Change -55 ↓ | -1.34% ↓
7. ICICI Bank: Current Price 1,370.4 | Price Change -18 ↓ | -1.29% ↓
8. ITC: Current Price 306.45 | Price Change -3.2 ↓ | -1.03% ↓
9. HDFC Bank: Current Price 803.8 | Price Change -7.96 ↓ | -0.97% ↓
10. Kotak Bank: Current Price 378.5 | Price Change -3.65 ↓ | -0.95% ↓

12:11 (IST), Apr, 22

Stock Market Live Today: IT stocks crash

Shares of HCL Tech fell after its fourth-quarter earnings came in below expectations. The company reported a 4.3% year-on-year rise in net profit to Rs 4,488 crore, while revenue grew 12% to Rs 33,981 crore. However, it missed its revenue growth guidance, prompting several brokerages to cut target prices and downgrade the stock.

The negative sentiment extended across the IT space, dragging other heavyweight stocks lower and resulting in a nearly 4% drop in the Nifty IT index.

11:53 (IST), Apr, 22

Sensex Today Live: Stock market set to snap gaining streak

India’s benchmark indices look poised to break their three-day winning run. Until Tuesday, the Sensex had climbed roughly 1,300 points, or 1.6%, while the Nifty advanced about 380 points, also around 1.6%, over three straight sessions. This rally lifted the combined market capitalisation of BSE-listed companies by more than Rs 8 lakh crore.

The sharp decline seen today appears to be largely driven by profit booking following the recent surge, even as investors remain focused on evolving geopolitical developments. Weakness in IT stocks further intensified the downturn in the broader market.

11:25 (IST), Apr, 22

Nestle Share Price Today Live: Nestle shares climb 3%

Shares of FMCG giant Nestle India climbed 3% to touch an intraday high of Rs 1,421 on the BSE on Wednesday after the company reported strong quarterly earnings that exceeded market expectations, lifting investor sentiment.

For the January–March quarter of FY26, the company posted a 27% year-on-year increase in consolidated net profit at Rs 1,111 crore. Revenue from operations also recorded a solid rise, growing 23% to Rs 6,748 crore compared with Rs 5,504 crore in the corresponding period last year.

The growth was supported by robust double-digit volume expansion, aided by a more than 50% jump in advertising expenditure. Despite the higher spending, the company maintained a healthy EBITDA margin of 26.3%. According to its statement, both overall and domestic sales rose by over 23% during the quarter, with contributions coming from all product segments.

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10:54 (IST), Apr, 22

Stock Market Live Today: Oil stays below $100 per barrel

Oil prices, after a strong overnight rally, showed some moderation in early Wednesday trade. Brent crude futures were trading close to $98 per barrel, while WTI crude hovered around $89. In recent sessions, Brent had largely remained near the $95 per barrel level.

Despite the recent firmness, prices have stayed below the key $100 per barrel threshold, a level last breached in March following Russia’s 2022 invasion of Ukraine. The earlier spike had been driven by disruptions linked to the effective shutdown of the Strait of Hormuz.

10:37 (IST), Apr, 22

Rupee Live: Indian currency weakens

The Indian rupee extended its losses for a third consecutive session, weakening by 31 paise to 93.75 against the US dollar in early trading on Wednesday. The currency came under pressure from elevated crude oil prices and lingering uncertainty over a potential peace deal in West Asia.

According to forex traders, continued outflows of foreign funds along with selling in domestic equities added to the downward pressure on the rupee. In the interbank forex market, the currency opened at 93.69, slipped to 93.76 during the session, and was trading at 93.75 against the dollar in early deals, marking a decline of 31 paise from its previous close.

On Tuesday, the rupee had settled 28 paise lower at 93.44, following a 25-paise drop on Monday. Prior to these declines, it had gained 47 paise over the preceding two sessions.

Meanwhile, the dollar index, which tracks the US currency against a basket of six major currencies, was largely steady, easing marginally by 0.01% to 98.21.

10:22 (IST), Apr, 22

Stock Market Live: HCL Tech share price today: Stock tanks

Shares of HCL Tech emerged as the biggest drag on the Sensex, plunging over 9% after its fourth-quarter results failed to meet market expectations. The weakness spread across the IT pack, with Tech Mahindra, Infosys and TCS slipping between 2% and 4% as sentiment in the sector turned negative. In contrast, Hindustan Unilever and NTPC moved higher by about 1%, providing some support to the benchmark index.

The broader market showed relative resilience and performed better than the frontline indices. Both the Nifty Midcap 100 and Nifty Smallcap 100 stayed in positive territory with modest gains. On the sectoral front, the Nifty IT index dropped more than 3%, leading the decline due to the weak earnings from HCL Tech, while the Nifty FMCG index advanced around 1%, standing out as a gainer. On the NSE, about 970 stocks ended lower, whereas 1,576 stocks rose and 116 remained unchanged.

10:02 (IST), Apr, 22

Sensex Today Live: Foreign investors’ outflow

Beyond financials, foreign investors reduced exposure to consumer services, healthcare and automobile stocks during the first half of April, with outflows of ₹5,336 crore, ₹4,481 crore and ₹3,704 crore, respectively. The auto sector had already seen withdrawals of ₹12,498 crore in March. Global investors may take time before reassessing their allocation to India, and outflows could persist before any meaningful return of foreign capital.

Uncertainty around geopolitical developments remains a key concern. “There have been news reports that Iran is not willing to meet and negotiate with the US on Wednesday — when the ceasefire ends,” U R Bhat, co-founder and director at Alphaniti said. “This could jeopardise earnings trajectory as oil prices may remain high as long as Strait of Hormuz remains shut — and keep foreign capital at bay.”

In the latter half of March, overseas investors had sold shares worth ₹67,081 crore across 21 sectors, the steepest fortnightly sell-off since the second half of October 2024, when outflows stood at ₹71,502 crore. Pandey said global investors continue to stay cautious, citing relatively high valuations in Indian markets. “The only solace has been strong domestic inflows, despite limited returns over the past 18 months,” he said.

Meanwhile, foreign inflows during the current fortnight were limited to ₹1,340 crore, directed toward sectors such as power, utilities, diversified businesses and a residual ‘Others’ category. This marked the weakest fortnightly inflow since the first half of January 2025.

09:48 (IST), Apr, 22

Stock Market Live Today: Where is stock market headed today?

"Indian equity markets are expected to open on a cautious to mildly negative note on Wednesday (22nd April 2026), tracking weak early signals from GIFT Nifty amid broadly stable yet cautious global cues, as investors await further clarity on geopolitical developments—particularly the ongoing US–Iran talks. GIFT Nifty is currently trading around 24,455, down by 120 points, indicating a gap-down start for domestic benchmark indices. The weakness suggests some profit booking after the recent rally and a generally cautious sentiment across global markets.

In the previous session (21st April 2026), benchmark indices ended on a strong positive note, extending their upward momentum. The Nifty 50 closed above the 24,550 mark, supported by broad-based buying across sectors, improving global sentiment, easing crude oil prices, and optimism surrounding geopolitical developments such as US–Iran talks.

Sectorally, the market witnessed broad-based participation, with most sectoral indices closing in the green. Buying was led by FMCG, banking, and financial stocks, while selective profit booking was seen in a few heavyweight counters. Broader markets also outperformed, indicating improved market breadth and investor participation.

From a technical perspective, the Nifty 50 has moved closer to the key resistance zone of 24,550-24,650, where some consolidation or profit booking may emerge. Immediate support is now placed near 24,300–24,200. A sustained move above this resistance band could trigger further upside, whereas failure to hold gains may lead to range-bound or corrective movement.

The Bank Nifty continues to remain in a positive structure, supported by strength in private banking stocks. However, consolidation at higher levels is likely. Resistance is placed near 57,500–57,700, while support is seen around 56,200–56,000.

On the institutional front, as per provisional data for 21st April 2026, FIIs were net sellers with outflows of ₹1,919 crore, while DIIs were net buyers with inflows of ₹2,221 crore, indicating continued support from domestic institutions despite foreign selling pressure. Meanwhile, India VIX cooled off to around 17.53, declining nearly 6%, reflecting easing volatility after the recent spike and indicating some stability in market sentiment.

The market setup for today suggests a gap-down to range-bound opening, driven by weak GIFT Nifty. While the broader trend remains positive, profit booking at higher levels and continued FII selling may cap upside in the near term.

Sustaining above the 24,550–24,650 zone will be crucial for further bullish momentum, while support near 24,200 levels will act as a key cushion. Strong DII buying is expected to continue supporting the market on declines, but short-term consolidation cannot be ruled out,” says Aakash Shah, Technical Research Analyst at Choice Equity Broking Private Limited.

09:45 (IST), Apr, 22

Sensex Today Live: Stock market in deep red

Stock market today: After a day of gains, Nifty50 and BSE Sensex plunged in red on Wednesday on mixed global cues. While Nifty50 went below 24,450, BSE Sensex dropped oner 550 points. At around 9:43 AM, Nifty50 was trading at 24,432.25 down 144 points or 0.59%. BSE Sensex was at 78,695.28, down 578 points or 0.73%.

09:32 (IST), Apr, 22

Stock Market Today: Stock market outlook

Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The market during this highly volatile and uncertain phase is proving the importance of remaining invested. This month, so far, Nifty is up by 10%. The broader market has outperformed with near 15 % returns in BSE 500. The uncanny ability of the market to surprise is evident from this. The surprising up moves in the market may happen from technical factors like short covering which was evident yesterday when market rallied despite subdued institutional activity.

The declaration of indefinite ceasefire by President Trump and Iran’s indifferent and suspect response to it means the uncertainty will continue. Anything can happen any time.

Meanwhile, investors can focus on the significant trends in the market. Good results from financials are lending support to the segment. Capital market-related stocks are doing well in response to good results. Power related stocks are doing well. IT, following the weak commentary from HCL Tech yesterday is again likely to go into correction mode. Watch out for the results of autos and auto ancillaries, which are likely to be good"

09:19 (IST), Apr, 22

Sensex Today Live: Nifty50, BSE Sensex open in red

Stock market today: Nifty50 and BSE Sensex opened in red on Wednesday on mixed global cues. While Nifty50 slipped below 24,500, BSE Sensex was down over 350 points. At 9:16 AM, Nifty50 was trading at 24,497.80, down 79 points or 0.32%. BSE Sensex was at 78,907.44, down 366 points or 0.46%.

09:14 (IST), Apr, 22

Stock Market Live Today: Nifty Outlook

"Even though a vertical rise did not follow, the break past 24400 succeeded in pushing Nifty higher through the day without the threat of sudden collapse. This was surprising given the mixed signals from oscillators in the last few days. We will retain our cautious approach today, prepared to play a downside move aiming 24150-23980 should we see a slippage past 24340. Alternatively, we will look for consistent trades above 24550 to confirm strength,” says Anand James, Chief Market Strategist, Geojit Investments Limited.

09:10 (IST), Apr, 22

Stock Market Today: Asian shares mixed

Asian equities showed a mixed trend on Wednesday, taking cues from the previous session’s gains on Wall Street, where optimism around possible renewed dialogue between the United States and Iran helped ease oil prices.

Brent crude slipped marginally by 0.2% but continued to trade above $98 per barrel, while US benchmark crude declined 0.4% to $89.29. Softer oil prices tend to reduce operating costs for businesses across sectors. US President Donald Trump said the ceasefire with Iran would be extended at Pakistan’s request, as Washington awaits a “unified proposal” from Tehran, even as the naval blockade of Iranian ports remains in place.

Among regional markets, Japan’s Nikkei 225 advanced 0.5% to 59,653.56, while South Korea’s Kospi edged down 0.2% to 6,374.46. Australia’s S&P/ASX 200 dropped 0.9% to 8,866.20. Hong Kong’s Hang Seng declined 1.3% to 26,137.59, whereas China’s Shanghai Composite posted a marginal gain of 0.1% to 4,090.24. Taiwan’s Taiex index rose 1.1%.

The gains on Wall Street on Tuesday were driven by indications that diplomatic backchannel efforts are underway to facilitate fresh negotiations between Washington and Tehran. The S&P 500 climbed 1.2% to close at 6,967.38, remaining just 0.2% below its record high set in January. The Dow Jones Industrial Average rose 0.7% to 48,535.99, while the Nasdaq Composite surged 2% to 23,639.08.

In early Wednesday trading, US crude edged up slightly to $91.29 per barrel, while Brent crude rose by 48 cents to $95.27, recovering modestly after a 4.6% drop in the previous session. Although prices remain well above the roughly $70 levels seen before the conflict began in late February, they are still significantly below the peak of $119.

08:42 (IST), Apr, 22

Sensex Today Live: Foreign investors pull out of equities in first half of April

Foreign investors pulled out equities worth ₹49,481 crore during the first half of April, with financial services once again bearing the brunt of the outflows for the third straight fortnight. That said, the pace of selling showed signs of easing in the latter part of the period.

Roughly 40% of the total outflows between April 1 and 15 came from the financial services space, which saw withdrawals of ₹19,152 crore. This follows heavy selling of more than ₹60,000 crore in the same sector in March, marking the highest level since 2012. U R Bhat, co-founder and director at Alphaniti, noted that the sector’s significant weight in the benchmark Nifty means that broad-based selling typically results in a higher share of foreign exits from banking and financial stocks.

Selling pressure intensified after the onset of the US-Iran conflict on February 28, with banking, financial services and insurance stocks absorbing most of the impact. However, sentiment appeared to stabilise later. “Selling pressure has eased after the first-half of April, as a ceasefire and the possibility of a deal signalled that peak anxiety may be behind us,” Pankaj Pandey, head of retail research at ICICI Securities told ET.

08:27 (IST), Apr, 22

Sensex Today Live: Private sector banks at attractive valuations

After a phase of weak performance, the country’s leading private sector banks are now trading at valuations that are either below or close to their long-term averages, making them appealing from an investment standpoint, according to DSP Mutual Fund. The price-to-book ratio, a widely tracked valuation metric, for three of the four major lenders—HDFC Bank, Axis Bank and Kotak Mahindra Bank—currently lies in the range of 1.8 to 2 times, which is lower than their respective 10-year averages. In contrast, ICICI Bank’s ratio stands at around 2.6 times, broadly in line with its historical average.

DSP noted that even without factoring in any potential re-rating, these large private banks already offer a compelling opportunity at present levels. It added that any further correction in prices would only enhance their attractiveness for investors.

07:51 (IST), Apr, 22

Stock Market Today: Why rupee depreciated despite stock market gains

The rupee weakened by 28 paise to settle at 93.44 against the US dollar on Tuesday, pressured by a firm greenback and fluctuations in crude oil prices amid lingering uncertainty over peace talks in West Asia.

Despite gains in domestic equity markets, the local currency did not find support. Forex analysts noted that the Reserve Bank’s recent move to relax restrictions on speculative activity in non-deliverable forward markets also weighed on the rupee.

On Monday, the central bank partially rolled back directives issued on April 1 to curb excessive speculation. Earlier, banks were required to limit their net open positions in non-deliverable forward markets to $100 million by April 10.

Under the revised framework, authorised dealers can once again offer non-deliverable rupee derivative contracts to both resident and non-resident participants, subject to certain restrictions on related-party transactions. However, the $100 million cap on net open positions continues to remain in place.

07:49 (IST), Apr, 22

Nifty50 Today Live: Nifty above 50-day moving average

The Nifty has moved above its 50-day moving average, and near-term technical and derivatives indicators suggest a bullish outlook, according to Rajesh Palviya, head of technical and derivatives research at Axis Securities.

“In the coming days, the index could move towards the 24,800-25,000 range, with the positive bias expected to remain intact as long as it holds above the 24,250 level,” he said.

07:49 (IST), Apr, 22

Sensex Today Live: Market closing on Tuesday

Indian equity benchmarks advanced on Tuesday, mirroring gains in global markets, as traders trimmed bearish positions ahead of the second round of US-Iran negotiations. The development comes with the two-week ceasefire between the two countries nearing its end on Wednesday.

The NSE Nifty climbed 211 points, or 0.9 per cent, to settle at 24,576, while the BSE Sensex rose 753 points, or 1 per cent, to close at 79,273. Market sentiment was aided by short covering and easing selling pressure from foreign investors.

“There has been short covering by traders because of increased hopes of the de-escalation of the conflict, and a moderation in the intensity of FPI selling in recent sessions,” said Pankaj Pandey, head of fundamental research at ICICI Direct.

07:47 (IST), Apr, 22

Stock Market Today: VIX drops

Analysts noted that the India VIX dropped 7 per cent to 17.53, indicating easing investor anxiety. The technical outlook remains constructive, with the index seen potentially moving towards 24,800 levels, while immediate support is placed at 24,400.

07:46 (IST), Apr, 22

Stock Market Today: Bajaj Broking Bank Nifty Outlook

The index formed a bullish candlestick pattern with a higher high and a higher low highlighting continuation of the up move. Index in the process closed firmly above the 200 days EMA.

Bias remain positive above last Wednesday gap up area of 55,600-55,850. Index is expected to maintain positive bias and gradually head towards 57,700 and 58,500 levels being the previous breakdown area and key retracement of previous decline.

Volatility is likely to remain high on account of the geopolitical tension and volatile crude oil prices.

From a short-term perspective, support is placed in the range of 54,500–54,000 zone, being the confluence of the last week low and 38.2% retracement of the last 3 weeks pullback (49,955-57,456). Forming higher high and higher low in weekly chart will keep the current pullback trend intact.

Stock Market Today Highlights: Globally, US markets ended lower on Tuesday as initial gains faded due to renewed concerns over the Middle East conflict, which overshadowed optimism from strong corporate earnings. In Asia, markets showed a mixed trend on Wednesday. US stock futures edged higher and the dollar remained firm after President Donald Trump announced an indefinite extension of the Iran ceasefire, although skepticism around the development kept sentiment cautious.

Oil prices, which had risen earlier in the session, later slipped as investors reassessed the outlook for US-Iran peace negotiations. On the institutional front, foreign portfolio investors were net buyers, purchasing equities worth Rs 1,919 crore on Tuesday, while domestic institutional investors turned net sellers, offloading shares worth Rs 2,221 crore.

(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)

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Stock Market Today Highlights: Nifty50 ends below 24,400; BSE Sensex tumbles over 750 points; IT stocks crash

​BSE Sensex closed at 78,516.49, trimming 756.84 points or 0.95%. NSE Nifty50 also ended the day in red, down 0.81% or 198.50 points to reach 24,378.10.

Stock market today: Nifty50 and BSE Sensex opened in red on Wednesday on mixed global cues. While Nifty50 slipped below 24,500, BSE Sensex was down over 350 points. At 9:16 AM, Nifty50 was trading at 24,497.80, down 79 points or 0.32%. BSE Sensex was at 78,907.44, down 366 points or 0.46%.

Analysts noted that the India VIX dropped 7 per cent to 17.53, indicating easing investor anxiety. The technical outlook remains constructive, with the index seen potentially moving towards 24,800 levels, while immediate support is placed at 24,400.

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BSE Sensex closed at 78,516.49, trimming 756.84 points or 0.95%. NSE Nifty50 also ended the day in red, down 0.81% or 198.50 points to reach 24,378.10.