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Sensex, Nifty 50 | Stock Market LIVE Updates: The Indian stock market crashed on Wednesday, following mixed trends in Asian peers, amid cautiousness over the US-Iran ceasefire and as the blockade of the Strait of Hormuz continues.

Sensex tanks 831 points or 1% to its day's low of 78,442.30, while Nifty 50 lost 224 points or 0.9% to its intra-day low of 24,352.90.

US President Donald Trump indefinitely extended the ceasefire with Iran and maintained a blockade of the Strait of Hormuz while diplomatic efforts continue. Meanwhile, Vice President JD Vance’s expected trip to Pakistan for US-Iran peace talks was put on hold. Trump said the ceasefire extension came at Pakistan’s request, as Washington awaited a “unified proposal” from Tehran. At the same time, the U.S. military continued its blockade of Iranian ports.

Trump’s move appeared to be unilateral, with no immediate confirmation on whether Iran or key U.S. ally Israel would agree to prolong the ceasefire that began two weeks ago. Markets largely took the development in stride, as investors balanced optimism around the ceasefire extension against the lack of progress on fresh negotiations. Notably, Iran had already declined a second round of talks before Trump’s announcement.

Asian Markets Today

Asian markets delivered a mixed performance on Wednesday as oil prices softened amid hopes that the United States and Iran could resume talks to end their ongoing conflict.

Meanwhile, the dollar traded unevenly after U.S. President Donald Trump announced an indefinite extension of the Iran ceasefire, supporting market sentiment. However, with the Strait of Hormuz still shut, crude prices hovered close to the $100 mark. Brent crude slipped 0.2% but remained above $98 per barrel, while U.S. benchmark crude declined 0.4% to $89.29 per barrel.

Among regional markets, Japan’s Nikkei 225 rose 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 declined 0.9% to 8,866.20. Hong Kong’s Hang Seng dropped 1.3% to 26,137.59, whereas China’s Shanghai Composite inched up 0.1% to 4,090.24. Taiwan’s Taiex outperformed, gaining 1.1% on the day

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

Waaree Energies is set to announce its Q4 FY26 results on April 29, as the solar PV module manufacturer prepares to release its latest financial performance for the quarter and full year ended March 31, 2026.

In an exchange filing, the company said its board of directors will meet on Wednesday, April 29, 2026, to consider and approve the audited standalone and consolidated financial results.

The company also reiterated that, in line with its Insider Trading Code under SEBI regulations, the trading window for dealing in its securities remains closed for directors, key managerial personnel, designated employees, and their immediate relatives.

The trading window has been shut since April 1, 2026, and will reopen 48 hours after the announcement of the financial results.

Vodafone Idea, Jaiprakash Power Ventures (JP Power), Billionbrains Garage Ventures (Groww), Suzlon Energy, Rolex Rings, Adani Power, Ola Electric Mobility, and YES Bank were among the most traded stocks, or most active stocks in terms of volume, on the NSE on Wednesday. Reliance Power, Bank of Maharashtra, HFCL, Filatex Fashions, Tata Silver Exchange Traded Fund, Tata Gold Exchange Traded Fund, Urban Company, ITI, GTL Infrastructure, Nippon India ETF Nifty IT, HCL Technologies, and Samvardhana Motherson International were also among the most traded stocks on the NSE.

Shares of Rolex Rings rallied as much as 9% to hit an intraday high of ₹176 on the BSE on Wednesday, ahead of a key board meeting scheduled on April 23 to consider a share buyback.

The stock has seen strong momentum in recent sessions, gaining about 35% in just six trading days and rising 26% since the buyback proposal was first announced.

In a recent exchange filing, the company said its board will evaluate a proposal to buy back fully paid-up equity shares. If approved, this would mark the first share buyback in the company’s history.

So far, Rolex Rings has undertaken limited corporate actions, with its only major move being a stock split in October last year, when it split one equity share of face value ₹10 into 10 shares of Re 1 each.

Shares of Tata Investment Corporation rose more than 5% to hit an intraday high of ₹762 on the BSE on Wednesday after the company reported strong March quarter earnings and announced a dividend for shareholders.

The company posted a 69% YoY jump in net profit at ₹63.83 crore for Q4 FY26, compared with ₹37.72 crore in the same quarter last year.

Revenue from operations more than doubled, surging over 143% YoY to ₹39.98 crore from ₹16.43 crore in Q4 FY25, driven by higher dividend income and gains from investments.

The board also announced a dividend of ₹3.4 per share, adding to the positive sentiment around the stock.

Bitcoin rose to near $77,400 on Tuesday, driven by a sharp move in the derivatives market that sparked widespread liquidations.

In the past 24 hours, around 114,045 traders were liquidated, with total liquidations reaching $330.56 million. The world’s largest Bitcoin was last trading close to $77,465.

Shares of BEML Limited jumped as much as 8% on Wednesday, touching an intraday high of ₹1,910 on the NSE after the company announced a fresh order win from the Ministry of Defence.

The company secured a contract worth ₹590 crore for the supply of trawl assemblies, reinforcing its position in India’s defence manufacturing segment.

Nestle India share price gained over 3% to hit its record high of ₹1,424 on BSE on Wednesday, April 22, after the FMCG major posted strong results for the quarter ended March 2026 (Q4FY26). FMCG major Nestle India reported a strong performance for the March quarter on April 21, with standalone net profit rising around 26% YoY to ₹1,114 crore, compared with ₹885 crore in the same period last year.

After delivering a strong March quarter with double-digit volume growth and margin expansion, Nestle India has drawn mixed views from brokerages. While earnings momentum remains robust, analysts are divided on whether current valuations fully capture future growth, making the risk-reward equation less straightforward for investors.

Tata group stock Trent, parent of fashion retailer Westside and Zudio, has seen strong investor interest this week ahead of the board meeting to consider its first-ever bonus issue, along with dividend and Q4 earnings.

Trent shares dipped marginally today, 22 April, to ₹4340.30 on the BSE amid a broader market weakness and as investors booked gains following a five-day rise. In this week alone, the Tata group stock has risen 7% and remains 32% higher on a year-to-date basis.

This rise follows a sharp 40% decline last year, turning it into the worst-performing Nifty 50 counter in 2025, after 11 annual back-to-back gains. The stock had come under pressure amid higher valuations and slowing sales growth owing to weak LFL (in non-cluster stores) amid weak discretionary demand, rising competition in metro/tier 1 markets and its entry into lower-tier markets, which take time to reach desired productivity levels.

Multibagger small-cap stock Transformers and Rectifiers (India) (TARIL) share price tanked 12% on Wednesday, April 22, after the small-cap stock posted weak results for the quarter ended March 2026 (Q4FY26).

TARIL reported a steady sequential improvement in its March quarter performance, with profitability and revenue both moving higher.

Net profit (PAT) rose 9.06% QoQ to ₹77.47 crore in Q4 FY26, compared to ₹71.03 crore in Q3 FY26. On a YoY basis, however, growth remained muted, with PAT increasing just 1.15% from the same quarter last year.

Meanwhile, revenue from operations came in at ₹752.33 crore, up 6.83% QoQ from ₹704.21 crore, while registering a stronger 16.22% YoY growth, indicating improved execution and demand momentum.

Sensex tanks 831 points or 1% to its day's low of 78,442.30, while Nifty 50 lost 224 points or 0.9% to its intra-day low of 24,352.90.

Persistent Systems' share price crashed almost 5% in intraday trade on Wednesday, 22 April, a day after the company announced its March quarter (Q4FY26) results. Persistent Systems shares opened at ₹5,268.20 against its previous close of ₹5,335.30 and dropped 4.8% to an intraday low of ₹5,080.40.

Persistent Systems Q4 results

After market hours on 21 April, Persistent Systems said its consolidated profit after tax (PAT) for Q4FY26 jumped 33.7% year-on-year (YoY) to ₹5,292.6 million. The company's revenue during the quarter jumped 25.1% YoY to ₹40,559.4 million.

The order booking for the quarter ended on March 31, 2026, was $600.8 million in total contract value (TCV) and $445.1 million in annual contract value (ACV).

The board of directors recommended a final dividend of ₹18 per share, translating to ₹40 per share for FY26 compared to ₹35 per share for FY25.

Shares of IT stocks fell like ninepins in the early morning trade on Wednesday, 22 April, after leading tech firm HCL Technologies' March-quarter results (Q4) and poor management commentary sparked a fresh sell-off in the sector.

IT stocks, already grappling with weak performance due to weak demand concerns and an AI-led scare, crashed up to 10%, dragging the Nifty IT index 3.35% lower to 30,665.35. All index constituents were in the red.

HCL Tech shares emerged as the worst loser with a massive 9.7% decline and were headed for their worst session in eleven years. Other index heavyweights like Infosys, TCS and Tech Mahindra also lost 2-3%.

VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, believes that investors should 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."

HCL Tech share price tanks over 8% after the IT major posted its March quarter results.

The software company reported revenue of ₹33,981 crore for Q4 FY26, reflecting a 0.3% quarter-on-quarter (QoQ) and 12.3% year-on-year (YoY) growth. On the bottom line, net profit rose to ₹4,488 crore from ₹4,307 crore, marking a 4.2% increase.

In constant currency (CC) terms, revenue rose 3.3% QoQ and 2.4% YoY, while services revenue increased 0.1% QoQ and 4.2% YoY in CC terms.

Meanwhile, revenue from Advanced AI surged 6.1% QoQ in CC terms moved to $155 million, up from $146 million in the preceding quarter. In terms of operating performance, the company reported EBIT of ₹5,602 crore, down 10.6% YoY.

Indian equities opened on a weak note on Wednesday, tracking a mixed trend in Asian peers amid lingering uncertainty around the U.S.–Iran situation, particularly with the Strait of Hormuz blockade still in place.

U.S. President Donald Trump extended the Iran ceasefire indefinitely while maintaining the blockade, even as diplomatic efforts continue. He said the move followed a request from Pakistan, with Washington awaiting a “unified proposal” from Tehran.

Sensex opened 254 points lower at 79,019.34, while Nifty 50 started the day 106 points down at 24,470.85.

Nifty 50 formed a bullish candle with a broader body and minor wick on the daily chart, indicating the dominance of the ongoing uptrend.

“A long bull candle was formed on the daily chart that has surpassed the resistance of previous downside gap at 24,400 levels and closed higher. This is a positive indication. The underlying trend of Nifty 50 remains positive. All eyes on the upcoming US-Iran Peace talks which is scheduled in Islamabad this week. The negative outcome of the talk could have knee-jerk action for the Nifty 50 in the short term,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

According to him, further sustainable upside could pull Nifty 50 towards 24,800 - 25,000 levels in the near term. However, immediate support is placed at 24,400.

Sensex formed a bullish candle on daily charts, and it is holding an uptrend continuation formation on intraday charts, which is largely positive.

“We are of the view that the short-term market texture is bullish, but due to temporary overbought conditions, some profit booking may occur at higher levels. For day traders, 79,000 would act as immediate support zones. Above these levels, Sensex could continue its positive move towards 79,800 – 80,000. Conversely, below 79,000, we could see a quick intraday correction,” said Shrikant Chouhan, Head Equity Research, Kotak Securities.

Below these levels, he believes Sensex could retest the levels of 78,700 – 78,500.

HCL Technologies reported a 10.11% QoQ rise in its Q4FY26 consolidated net profit to ₹4,488 crore, while its revenue from operations was flat QoQ at ₹33,981 crore. In constant currency (CC), revenue declined 3.3% QoQ, and dollar revenue dropped 2.9% QoQ to $3,682 million. HCL Tech also announced a dividend of ₹24 per share for the quarter.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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