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Informist, Thursday, Apr. 23, 2026

 

By Arundathi A R

 

MUMBAI – Domestic headline indices closed around 1% lower Thursday, weighed down by uncertainty over US-Iran peace talks and rising crude oil prices. Indices declined for the second consecutive session as Brent crude surged and remained above the $100-per-barrel mark. Financial services stocks and select automobile stocks were the biggest losers, dragging down the Nifty 50. The indices also tracked losses in Asian markets.

 

The Nifty 50 settled at 24173.05 points, down 205.05 points or 0.8%. The BSE Sensex ended at 77664.00 points, down 852.49 points or 1.1%. At 1534 IST, the June Brent crude futures were nearly 2% higher at $103.87 a barrel. Investor nervousness rose for a second session, with the India VIX ending 1.6% higher at 18.59.

 

US President Donald Trump said there was "no time frame" for the extended ceasefire ahead of possible truce talks, according to a Firstpost report. "People say I want to get it over because of the midterms, not true," the report quoted Trump as saying, adding that the administration wanted to get a good deal for the American people. Trump told The New York Post that "good news" on a second round of talks between the US and Iran could come as early as Friday.

 

Broader market indices also declined, with small-cap indices snapping a two-day rally and falling 0.6-0.7%. Most sectoral indices closed lower, with the Nifty Auto as the key laggard, ending over 2% lower. Only five sectoral indices closed in the green, with Nifty Pharma posting the biggest gains.

 

Trent ended as the top laggard in the Nifty 50, down over 4%. The stock declined after six straight sessions of gains, during which it had risen over 14%. Trent reported a net profit of INR 4.55 billion for the March quarter, up 30% on year, after market hours Wednesday.   

 

Major automobile stocks, including Mahindra & Mahindra, Tata Motors Passenger Vehicles, and Eicher Motors, ended 2.0-3.0% lower, while financial services shares such as Shriram Finance, SBI Life Insurance Co., and Bajaj Finserv closed around 3% lower.

 

SBI Life Insurance reported a 1.1% on-year decline in its net profit for the March quarter at INR 8.05 billion. The insurer's net investment loss increased to INR 239.39 billion in the March quarter from INR 155.31 billion in the trailing quarter.

 

Kotak Mahindra Bank and HDFC Bank ended almost 2% lower each. Shares of Union Bank of India ended over 7% lower after the bank reported a nearly 7% on-year rise in its net profit to INR 53.16 billion.

 

Shares of information technology major Infosys ended over 2% lower ahead of its March quarter results. The company is expected to post a sequential decline in its consolidated net profit for the March quarter, driven by fewer billing days, higher visa costs, and performance bonus payouts to employees.

 

Havells India ended 6.6% lower after its March quarter revenue missed estimates, with its room air conditioner business the worst hit. InterGlobe Aviation ended nearly 2% lower after global brokerage Morgan Stanley cut its target price on the stock by 9% to INR 5,913. The stock declined for a second consecutive session.

 

Pharmaceutical companies Dr. Reddy's Laboratories and Cipla were the top two gainers in the Nifty 50. Dr. Reddy's ended over 9% higher, while Cipla closed nearly 6% higher.

 

Oracle Financial Services Software closed over 8% higher after the company's net profit for the March quarter rose 38% sequentially. The stock ended higher after hitting a 52-week high of INR 8,900. GE Vernova T&D India, which ended over 6% higher, also touched a 52-week high at INR 4,650 after its US-based parent reported strong earnings for the March quarter.

 

* Of the Nifty 50 stocks, 17 rose and 33 fell

* Of the Sensex stocks, 6 rose and 24 fell

* On the NSE, 1,255 stocks rose, 2,037 fell, and 104 were unchanged

* On the BSE, 1,769 stocks rose, 2,511 fell, and 176 were unchanged
* Nifty Auto: down 2.4%; Nifty PSU Bank: down 2.2%; Nifty Pharma: up 2.4%

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BSE                                               NSE

Sensex: 77664, down 852.49 points or 1.1%        Nifty 50: 24173.05, down 205.05 points or 0.8%

 

S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	: Lifetime High: 26373.20 (Jan. 5, 2026)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26328.55 (Jan. 2, 2026)
2026 1st day close: 85188.60 (Jan. 1)	: 2026 1st day close: 26146.55 (Jan. 1)
2026 Closing High: 85762.01 (Jan. 2)	: 2026 Closing High: 26328.55 (Jan. 2)
2026 Closing Low: 71947.55 (Mar. 30)	: 2026 Closing Low: 22331.40 (Mar. 30)
2026 High (intraday): 85883.50 (Jan. 5)	: 2026 High (intraday): 26373.20 (Jan. 5)
2026 Low (intraday): 71545.81 (Apr. 1)	: 2026 Low (intraday): 22182.55 (Apr.2)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	: 2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	: 2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

End

 

Edited by Saji George Titus

 

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