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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

The market is looking to take some heat off itself after a low start.

The Nifty IT index has extended its decline, falling over 3%

Dollar demand due to measures roll back to weigh on INR

RBI : Govt will sell ₹320 billion of 4 gilts Friday

₹110 billion of the 6.03%, 2029 bond

₹110 billion of the 6.68%, 2033 bond

₹50 billion of the 7.24%, 2055 bond

₹50 billion of a new 30-year, 2056 green bond

Persistent System management speaks to CNBC-TV18 after its Q4 results.

WATCH HERE 

Sudarshan Sukhani, Proprietor, Technical Trends

The attorneys general for Alabama and West Virginia announced on Tuesday that Roblox, an interactive gaming platform, has reached settlements with both states over allegations that it failed to protect young users. Roblox agreed to pay over $23 million and alter how it permits kids to use its chat and gaming features.

ABB Global Q1 | Order Inflow Growth For India Region At 26%

The Nifty index is on the rise, and these are the top contributors.

Sunteck Realty Ltd., a real estate developer based in Mumbai, saw a 12% increase in its shares on Wednesday, April 22, following the release of its fourth quarter results on Tuesday after market hours. The stock has gained 15% in a single day for the first time since September of last year.

On Wednesday, April 22, Transformers and Rectifiers (India) Ltd.’s stock fell as much as 10% following the company’s Q4FY26 results, which fell short of forecasts due to margin pressure and negative order patterns.

During Wednesday’s trading session, market procedures are dominated by reaction to results. With a 9% decline following a bad quarter and equally disappointing guidance for the upcoming fiscal year, HCLTech is the biggest loser on the Nifty 50.

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