Stock Market Update: Sensex closes 850 points lower, Nifty down by 205

April 23, 2026

The Indian equity markets posted sharp losses early on Thursday, tracking cautious global cues and sustained foreign institutional selling, after the recent rally. In Morning, Sensex lost 671 points, or 0.85 per cent, to reach 77,845 and Nifty dipped 179 points, or 0.74 per cent, to reach 24,198.

Indian stock markets opened in red on Thursday. At the open, Sensex fell over 750 points while Nifty was down 200 points. At the close, Sensex fell 850 points while Nifty was down 205.

Main broad-cap indices showed divergence with the benchmark indices, as the Nifty Midcap 100 dipped 0.34 per cent, and the Nifty Smallcap 100 lost 0.16 per cent. All sectoral indices traded in red except pharma as well as oil and gas up 0.71 per cent and 0.02 per cent.

Nifty auto and consumer durables were the top losers, down 1.03 per cent and 1.61 per cent, respectively. The immediate support zone of Nifty is placed at near 24,100–24,000, while resistance is observed in the 24,400–24,500 range.

In the previous session, benchmark indices on a weaker note after failing to sustain higher levels. Selling pressure was visible in banking and financial stocks following their recent outperformance. IT stocks also remained weak, tracking subdued global cues and uncertainty in overseas markets.

FMCG, Energy and other defensive sectors showed relative resilience. The US markets gained after President Donald Trump extended a ceasefire with Iran, saying it was warranted due to Tehran’s “seriously fractured” government.

In Asian markets, China’s Shanghai index lost 0.74 per cent, and Shenzhen dipped 1.48 per cent, Japan’s Nikkei lost 1.06 per cent, and Hong Kong’s Hang Seng Index declined 1.2 per cent. South Korea’s Kospi lost 0.91 per cent. The US markets ended in green overnight as the Nasdaq gained 1.64 per cent.

The S&P 500 advanced 1.05 per cent, and the Dow Jones added 0.69 per cent. On April 22, foreign institutional investors (FIIs) net sold equities worth Rs 2,078 crore in India, while domestic institutional investors (DIIs) were also net sellers of equities worth Rs 1,078 crore.