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Sensex, Nifty 50 | Stock Market LIVE Updates: Indian benchmark indices extended their decline for a second straight session, with the Sensex and Nifty dropping nearly 1% each as crude oil surge, a weak rupee, and other headwinds weighed on market sentiment.

Rising crude oil prices — driven by the ongoing blockade of the Strait of Hormuz — kept investors cautious, with global markets turning risk-off as both equities and bonds declined. Crude holding above $100 further dampened sentiment amid stalled U.S.-Iran negotiations.

Meanwhile, the Indian rupee extended its losing streak for the fourth consecutive session, slipping past the 94 mark for the second time in a month. The currency was trading 34 paise lower at 94.12 against the U.S. dollar in early trade.

Sensex fell 823 points or 1% to its day's low of 77,693.06, while the broader Nifty 50 shed 243 points or 1% to its intra-day low of 24,134.80.

Oil remained at the centre of market concerns. Brent crude rose 1.1% to around $103 per barrel, marking its fourth consecutive day of gains. The benchmark has surged nearly 70% so far this year, with most of the rally occurring after the Middle East conflict escalated in late February.

On the geopolitical front, Iran fired on three ships in the Strait of Hormuz and seized two of them, intensifying its assault on shipping in the key waterway. The attacks came a day after US President Donald Trump extended a ceasefire while maintaining an American blockade of Iranian ports.

Asian Markets Today

MSCI’s Asia-Pacific equity index slipped 0.6%, with declining stocks outpacing gainers by a ratio of two to one, as elevated crude prices raised concerns over economic growth. U.S. futures also weakened, with contracts for both the S&P 500 and the Nasdaq 100 falling 0.5%, after the underlying indices had closed at record highs in the previous session on strong corporate earnings and the extension of the ceasefire. Bond markets also came under pressure as higher oil prices intensified inflation worries, reducing the appeal of fixed-income assets.

Asian and European markets traded lower, with Nikkei 225 futures (OSE) declining 1.4% and Japan’s Topix falling 1.2%. Australia’s S&P/ASX 200 dropped 0.8%, while Hong Kong’s Hang Seng slipped 0.9% and the Shanghai Composite eased 0.3%. In Europe, Euro Stoxx 50 futures were down 1.1%, reflecting broad-based weakness across regions.

Gold prices were largely steady in choppy trade, amid uncertainty over the US-Iran peace talks. Spot gold price rose 0.1% to $4,744.31 per ounce, while US gold futures for June delivery gained 0.2% to $4,762.20. Spot silver rose 0.5% to $78.06 per ounce. Back home, MCX Silver rate fell 2.5% or over ₹6,100 to ₹2,42,220 per kg, while MCX Gold price lost 0.6% or around ₹1,000 to ₹1,51,719 per 10 grams.

Stay tuned to this segment for the latest updates on the Indian stock market today.

Indian government bonds fell on Thursday as traders priced in the economic risks of oil surging past $100 a barrel, with Middle East tensions keeping a key energy shipping route blocked.

On Wednesday, Iran seized two ships in the Strait of Hormuz, which transits about 20% of global oil and liquefied natural gas supplies, a day after U.S. President Donald Trump announced an indefinite extension to the ceasefire. There was no sign of peace talks resuming.

Benchmark Brent crude closed above $100 a barrel for the first time in more than two weeks on Wednesday, and was last at $103.

India's benchmark 6.48% 2035 bond yield was up 3 basis points at 6.9512%, as of 11:30 a.m. IST, after settling at 6.9225% on Wednesday. (Reuters)

Shares of Havells India dropped 6% to ₹1,269 on Thursday after the company reported its March quarter earnings.

The company posted revenue of ₹6,688 crore in Q4, marking a marginal 2.4% YoY increase.

Net profit came in at ₹734 crore, up 40.6% from ₹522 crore in the same quarter last year. However, the sharp rise in profit was largely driven by a surge in other income, which jumped nearly fivefold to ₹325.8 crore from just under ₹70 crore a year ago. This increase was primarily due to a ₹283 crore fair value gain booked during the quarter.

At the operating level, EBITDA declined 4.4% YoY to ₹728 crore from ₹761 crore in Q4FY25. EBITDA margin stood at 10.8% in Q4, down 90 basis points from 11.7% in the year-ago period.

After a strong rally and steady operational performance, Trent has drawn mixed views from brokerages, with growth visibility intact but valuations and near-term risks keeping upside in check. While store expansion and improving like-for-like (LFL) trends remain supportive, macro uncertainty and cautious consumer spending could influence the stock’s trajectory going forward.

HDFC Securities highlighted that Trent’s standalone revenue grew 20.2% YoY to ₹4,940 crore, largely driven by store additions, while LFL growth remained in low single digits for both Q4FY26 and FY26. The brokerage also flagged potential risks from geopolitical tensions and macroeconomic uncertainty, which could impact discretionary demand and cost structures.

“We have revised our FY27/28 APAT estimates by -1/+1% respectively; however, we downgrade the stock to ADD with an SOTP-based TP of ₹4,500 (including ~57x FY28 adj. P/E for standalone business and 2x FY28 EV/sales for Star), as the upside is now limited post a >30% rally since our last upgrade a month ago,” said HDFC Securities.

Shares of Tech Mahindra fell 1.5% to an intraday low of ₹1,441 on the BSE on Thursday after the company reported its March quarter results.

The company posted a 16% YoY rise in consolidated net profit at ₹1,354 crore for the quarter ended March. Revenue from operations grew 13% YoY to ₹15,076 crore, while on a sequential basis, revenue increased 5%.

At the operating level, EBIT rose 10.2% to ₹2,084 crore during the quarter.

Management said FY26 marked the end of its stabilisation phase, with margins improving for the tenth consecutive quarter despite a challenging macro environment. Chief Financial Officer Rohit Anand added that the company maintained a disciplined capital allocation approach and increased dividends by over 13%, taking the total FY26 payout to ₹51 per share, the highest so far.

Broader markets outperformed benchmark indices, with the Nifty Midcap 100 and Nifty Smallcap 100 indices trading in the green.

VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited stated that "With total uncertainty becoming the new normal there is no clarity on the near-term direction of the market. With the duration of the war going beyond everyone’s initial expectations and the price of Brent crude bouncing back to $103 there is increasing risk to global growth in general and higher risk to India’s macros in particular. If Brent crude remains at an average of $100 for many months India’s growth and corporate earnings will take a hit. The market has not discounted this yet.

The US being a net energy exporter is not impacted by the energy crisis. Corporate earnings in US will continue to be strong. That’s why the S&P 500 and Nasdaq are hitting new record highs. The story will turn out to be different for energy importers like India if Hormuz remains shut for long.

A significant trend in the Indian market is the outperformance of the broader market where there is no significant pressure of FII selling. In fact FIIs are buying many stocks in the mid and smallcap segments. Therefore, this outperformance of the broader market is likely to continue. There will be plenty of stock-specific action in response to results."

Shrikant Chouhan, Head Equity Research, Kotak Securities: Technically, after a gap-down open, the market slipped below the 24,500/ 79000support zone and throughout the day faced consistent selling pressure at higher levels. On daily charts, it has formed a small bearish candle, indicating indecisiveness between the bulls and the bears.

For day traders, as long as the market trades below 24,500/79000, the weak sentiment is likely to continue. On the downside, it could slip to 24,300/78200. Further downside may also continue, which could drag the index up to 24100-24000/77700-77400. On the flip side, above 24,500/79000, it could retest levels of 24,600–24,675/79300-79500.

The Indian rupee opened 0.2% lower at 94.0050 against the U.S. dollar on Thursday, compared with its previous close of 93.7950.

Tata Group company Trent share price declined a little over 1% on Thursday, April 23, even after the company reported strong Q4 results. The fall comes on the back of overall weak sentiment on Dalal Street on rising crude oil prices and stalled peace talks between US and Iran.

The scrip fell as much as 1.2% to its day's low of ₹4381.30 on BSE. Meanwhile, Sensex opened 533 points or 0.68% lower at 77,983.66, while Nifty 50 started the day 176 points or 0.72% lower at 24,202.35.

The company posted a consolidated net profit of ₹413.10 crore, compared with ₹311.60 crore in the same period last year, reflecting a 32.57% YoY growth. Revenue from operations stood at ₹5,027.99 crore in Q4 FY26, up from ₹4,216.94 crore in Q4 FY25, registering a growth of 19.23%. Meanwhile, operating EBITDA came in at ₹653 crore for the quarter and ₹2,702 crore for FY26, marking a growth of 44% YoY in Q4 and 25% for the full year.

Indian equity markets opened on a weak note on Thursday, tracking subdued global sentiment as rising crude oil prices — driven by the continued blockade of the Strait of Hormuz — weighed on risk appetite. Global markets also turned risk-off, with equities and bonds declining as oil prices stayed above $100 amid stalled U.S.-Iran negotiations.

The Sensex opened 533 points, or 0.68%, lower at 77,983.66, while the Nifty 50 fell 176 points, or 0.72%, to start the session at 24,202.35.

Bank Nifty index ended 247.00 points, or 0.43%, lower at 57,124.45 on Wednesday, forming a high wave candle which remained contained inside previous session price range, signaling consolidation after recent strong up move.

“While Nifty and Sensex continue to trade below their 100-day and 200-day EMAs, Bank Nifty has managed to close above these key moving averages for the second consecutive session, highlighting its relative outperformance versus the broader market. Going ahead, the immediate resistance for Bank Nifty is placed in the 57,500 - 57,600 zone,” said Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities.

Nifty 50 index formed a bearish candle on the daily timeframe with the close near the day’s low, indicating sustained selling pressure throughout the session.

“A reasonable negative candle was formed on the daily chart, which indicates the presence of a crucial hurdle around 24,400 - 24,500 levels. The bullish pattern like higher tops and bottoms continued on the daily chart and present weakness could form a new higher bottom of the pattern,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

According to him, the underlying trend of Nifty 50 remains positive and present weakness is likely to find support around 24,200 - 24,100 levels in the next few sessions.

“However, a decisive move above 24,600 could pull Nifty 50 towards the next resistance of 24,800 - 25,000 band,” he added.

Sensex formed a small bearish candle on daily charts, indicating indecisiveness between the bulls and the bears.

“For day traders, as long as Sensex trades below 79,000, the weak sentiment is likely to continue. On the downside, it could slip to 78,200, further downside may also continue which could drag the index up to 78,000. On the flip side, above 79,000, Sensex could retest levels of 79,300 - 79,500,” said Shrikant Chouhan, Head Equity Research, Kotak Securities.

Amol Athawale recommends the following three stocks to buy for the next 1-2 weeks:

SBI Cards and Payment Services | Target price: ₹730 | Stop loss: ₹660

Pidilite Industries | Target price: ₹1,510 | Stop loss: ₹1,370

DLF | Target price: ₹650 | Stop loss: ₹590

Vaishali Parekh recommended these three intraday stocks to buy or sell: Greenply Industries, Aptech, and Edelweiss Financial Services.

1] Greenply: Buy at ₹240, Target ₹250, Stop Loss ₹235

2] Aptech: Buy at ₹102, Target ₹110, Stop Loss ₹98

3] Edelweiss Financial Services: Buy at ₹121, Target ₹128, Stop Loss ₹117

Crude oil prices jumped after Iran vowed not to reopen the Strait of Hormuz so long as a US naval blockade remained in place. Brent crude oil price rose 1.30% to $103.23 a barrel, while the US West Texas Intermediate (WTI) crude futures rallied 1.45% to $94.31.

Gold prices were largely steady in choppy trade, amid uncertainty over the US-Iran peace talks. Spot gold price rose 0.1% to $4,744.31 per ounce, while US gold futures for June delivery gained 0.2% to $4,762.20. Spot silver rose 0.5% to $78.06 per ounce.

Infosys, Trent, Tata Capital, SBI Life Insurance Company, Adani Energy Solutions, Union Bank of India, Jio Financial Services, Bharat Electronics (BEL), Tata Communications, L&T Technology Services, and Hindustan Copper are among top stocks to watch today.Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience.

Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism.

Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends.

An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels.

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