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Stocks            Volumes           20-Day Average

The market’s attempt to recover from its lows stagnates, as indices remain in the red.

On Wednesday, April 22, Iran opened fire on a container ship in the Strait of Hormuz, causing damage to the ship and impeding attempts to bring Iran and the United States together in Pakistan for peace negotiations.

Even as markets remain under pressure, these are the biggest volume-based movers, on average, higher than the 10-day average.

The shares of Amara Raja surged a mammoth ₹100 in today’s session.

The shares of Exide surged past the ₹350 mark.

The sell-off in IT companies has put pressure on Indian markets on Wednesday, April 22. The FMCG names are one area that is able to somewhat offset those losses.

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UBS believes that several stocks might rise if the two-week ceasefire between the US and Iran is prolonged or a formal peace is achieved, since it is set to expire on Wednesday.

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On Wednesday, April 22, Indian IT businesses are the market’s biggest losers. In the current session, the Nifty IT index has lost more than 1,300 points. The sell-off has resulted in a combined loss of almost ₹1 lakh crore in market value for the companies featured on the benchmark Nifty 50 index.

US FDA issues Form 483 with one minor observation for the Lote mfg unit, issues EIR

Mangalam Cement declared the preferred bidder for the grant of mining lease of Minyun Ki Dhani Main Jaisalmer

The markets have remained volatile and continued to trade with cuts.

The well-known US legal firm Sullivan and Cromwell, which counselled OpenAI on the multibillion-dollar collaboration with Microsoft, admitted that some of the citations in documents filed in a bankruptcy lawsuit were artificial intelligence (AI) hallucinations.

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There seems to be no respite for Tech stocks today, as the IT stocks remain under pressure.

Market off lows, Midcap Index & Nifty Bank turn positive

Central Mine Planning and Design Institute Ltd.’s shares dropped more than 4.5% on Wednesday, April 22, following the company’s Tuesday release of a mixed set of March quarter results, which showed a severe reduction in profitability and margins offsetting revenue increases.

On Wednesday, April 22, Tech Mahindra Ltd. shares fell more than 5% ahead of the March quarter results announcement. The majority of the figures will be released after market hours.

Along with other iT stocks, the shares of Tech Mahindra have also fallen. The company is slated to announce its results today

HCLtech extends gains and continues to be the worst stock among Nifty 500 stocks.

Vinay Rajani, Sr Technical and Derivative Analyst, HDFC Securities

ONGC cancels jack-up rig tender citing pricing anomalies & competitive integrity concerns

Sterling & Wilson: Fidelity & Deposit, Arm S&W solar enter into a signed settlement agreement to release all claims

11 Out of 20 Stocks in the Green

10 out of 20 stocks show double digit returns – up 37 to 59%

Top Gainers

18 out of 20 Stocks in the green

10 out 20 Stocks see gains of 26 to 41%

Top 5 gainers

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