- Trump instructs to ‘shoot and kill’ any boat putting mines in the Strait of Hormuz
- U.S stocks pull back as conflict in the Strait of Hormuz intensifies
Stock Markets News as on 23rd April, 2026
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The Indian stock market closed lower on April 23, 2026, extending losses for the second straight session amid geopolitical tensions, FII selling, and rising crude oil prices. The BSE Sensex plunged 852 points, or 1.09%, to settle at 77,664, after opening at 77,983.66 and touching a high of 78,178.54. Meanwhile, the NSE Nifty 50 fell 205.05 points, or 0.84%, to end at 24,173.05, having opened lower at 24,202.35 and peaking at 24,310.20.
Sectoral indices mirrored the downturn, with banking and financials dragging the benchmarks. Nifty Bank dropped 1.43% to 56,305, Nifty Financial Services shed 1.42% to 26,247.20, and Nifty Auto declined 2.35%. Nifty PSU Bank crashed 2.19%, while private banks and financial services lost over 1% each. Broader markets showed mixed resilience, but advance-decline ratio favored decliners at 1,779 losers versus fewer advancers. India VIX rose 4.04% to 27.89, signaling heightened volatility.
Key laggards included IT heavyweights like Tech Mahindra and ICICI Bank, alongside banking stocks amid profit booking after recent rallies. Union Bank of India tumbled over 7% post weak Q4 results with slipping net interest income. Standouts among gainers were Oracle Financial Services (up over 8% on 31% YoY profit jump), Jio Financial Services (up 4% on Allianz JV news), and Dr. Reddy’s Laboratories (up 10.63%).
The selloff stemmed from US-Iran tensions, including ship seizures in the Strait of Hormuz and failed peace talks, pushing Brent crude above $103/barrel and weakening the rupee to 94.20/USD. FIIs resumed net selling after brief buying, while DIIs booked profits. GIFT Nifty indicated a gap-down open, down nearly 160 points.
Technically, Nifty faces resistance at 24,250-24,500 and support at 24,100-24,000; Bank Nifty support at 56,000. Globally, Asian markets ended lower, Europe traded cautiously, and gold dipped amid inflation fears. Markets eye US-Iran developments, Q4 earnings, and oil for cues, with short-term consolidation likely
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Top Gainers on NSE (April 23, 2026)
The biggest gainers today on the NSE included Dr. Reddy’s Laboratories, which surged 10.63% leading the pack amid positive pharma sector momentum. Oracle Financial Services jumped over 8% following a 31% year-over-year profit increase in its latest quarterly results. Jio Financial Services rose about 4%, boosted by news of its joint venture with Allianz. Other notable performers were Tata Consumer Products (up 3.33% to ₹1,180), Hindustan Unilever (up 2.39% to ₹2,366), and NTPC (up 2.26% to ₹405.15), reflecting resilience in FMCG and power sectors despite the broader market decline.
Top Losers on NSE/BSE (April 23, 2026)
Trent topped the losers, declining sharply as a key drag on consumer discretionary stocks. Union Bank of India plunged over 7% after disappointing Q4 results with declining net interest income. Tech Mahindra and ICICI Bank were among major laggards, contributing to the IT and banking sector slumps. HCL Tech fell significantly, alongside other IT names amid profit booking. Broader losers included banking heavyweights like those in Nifty Bank, down 1.43% overall
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Markets at Close
23rd April, 2026
Nifty closes in red for the second consecutive session; declines over 0.9% and closes below 24,200 mark
Rupee at Close
23rd April, 2026
Rupee plummets past 94/USD level; settles 33 paise lower
Source : the hindu
FII’s & DII’s Activity on 23rd April, 2026
Net value in crores
| BUY | SELL | |
| DII | 941.35 | |
| FII | -3,254.71 |
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*Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
NOTE: *** The above information is based on the source and just for educational purposes only. Please consult your financial advisor before buying any stocks. Thank You ***
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