Stock Market Today: Sensex Plunges 757 Points, Nifty Slides Below 24,400 Amid IT Sell-off

April 22, 2026

Indian Stock Market Today | The Indian equity benchmarks snapped a three-day winning streak on April 22, 2026, as the Nifty 50 and BSE Sensex faced significant selling pressure.

Investor sentiment was dented by a rout in IT heavyweights and mounting geopolitical uncertainty in the Middle East.

Market Summary: Key Indices & Levels

The BSE Sensex plummeted 757 points (nearly 1%) to settle at 78,516.

Similarly, the Nifty 50 declined by 199 points, closing at 24,378. The benchmark index slipped below the crucial psychological support level of 24,400 after hitting an intraday low of 24,352.90.

Sectoral Performance: IT Drags, FMCG Defends

While the frontline indices bled, select sectors and broader markets showed resilience:

• IT Sector: Remained the biggest laggard, with heavyweights leading the downward spiral.
• Gaining Sectors: Defensive buying was seen in FMCG, Metals and Realty stocks.
• Sugar Stocks Rally: Shares of Balrampur Chini Mills and other sugar producers surged following government signals regarding a transition toward 100% ethanol blending.

Broader Markets Outperform

Despite the "risk-off" mood in large-cap stocks, the broader market breadth remained positive at a 3:2 ratio.

• The Nifty Midcap index managed a slight gain of 0.2%.
• The Smallcap index significantly outperformed, rallying over 1% as retail interest remained intact despite the volatility in the mainboard indices.

Why did Indian Stock Market fall today?

The downturn followed weak global cues and a tense geopolitical backdrop:

• US-Iran Uncertainty: President Donald Trump announced an indefinite extension of the Iran ceasefire. However, the continuation of the U.S. naval blockade in the Strait of Hormuz kept markets on edge.
• Stalled Diplomacy: Sentiment remained cautious as U.S. Vice President JD Vance postponed a high-profile peace mission to Pakistan, signaling limited diplomatic progress.

Technical Analysis: Nifty & Bank Nifty Levels

NIFTY 50: Opened 105.75 points lower at 24,470.85, reached a high of 24,515.95 and closed at 24,378.10.

The index formed a bearish candle with a minor upper shadow, reflecting intraday selling at higher levels.

• Immediate Support: 24,300
• Immediate Resistance: 24,460

BANK NIFTY: Opened 208.10 points lower at 57,163.35, reached a high of 57,438.20 and closed at 57,124.45.

• Immediate Support: 56,800
• Immediate Resistance: 57,400

Market Analysis: Key Nifty Indices

Sector Performance

Nifty Top Gainers & Losers

Top Trending Stocks Today

• Premier Explosives: Stock surged nearly 8% after the company secured export orders worth ₹350.23 crore for defence products.
• Sunteck Realty: Stock gained around 5% after reporting a strong Q4, with net profit rising 25% to ₹62.8 crore and revenue jumping 65% YoY to ₹339 crore.
• HCL Technologies: Stock plunged almost 11% following weaker-than-expected Q4 earnings and a downgrade in forward guidance. Management projects FY27 revenue growth at 1%–4% in constant currency, down from 4%–4.5% for FY26.

Global Macro & Commodity Update

• Asian Markets: Shares were mixed as investors remained cautious ahead of key US–Iran talks, keeping overall sentiment subdued.
• European Markets: Traded cautiously with a flat to mildly negative bias as investors tracked global cues and macroeconomic signals.
• Crude Oil Prices: Slipped below $100 after Donald Trump announced an indefinite extension of the Iran ceasefire, easing immediate supply concerns.
• Gold Prices: Rose around 1% as easing market stress reduced liquidation pressure and a softer dollar supported demand after the ceasefire extension boosted risk sentiment.
• Indian Rupee: Weakened by 30 paise to close at 93.79 against the US dollar.

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