22-Apr-2026      11:49

Sensex, Nifty trade lower; private bank shares decline

The key benchmarks indices traded with moderate cuts in mid-morning trade as Donald Trump announced an extension of the ceasefire until Iranian leaders submit a unified proposal. Investor sentiment remained cautious amid uncertainty surrounding the deadline for the ceasefire in the West Asia conflict. However, market participants will track Q4 earnings. The Nifty slipped below the 24,400 level.

Private bank shares declined after advancing in the pas trading session.

At 11:25 IST, the barometer index, the S&P BSE Sensex declined 558.44 points or 0.70% to 78,714.89. The Nifty 50 index slumped 143.50 points or 0.73% to 24,395.55.

In the broader market, the BSE 150 MidCap Index rose 0.19% and the BSE 250 SmallCap Index jumped 0.51%.

The market breadth was positive. On the BSE, 2,196 shares rose and 1,745 shares fell. A total of 217 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 4.61% to 18.34.

Economy:

The credit rating agency, Moody has lowered India's FY27 GDP growth forecast to 6% from 6.8%. The downgrade reflects weak consumption, slower industrial output and rising energy costs due to West Asia tensions. Higher oil and gas prices may increase import bills and push up inflation. India's dependence on Middle East energy and fertiliser imports adds to the risk. Elevated costs could hurt margins of sectors like aviation, cement and chemicals. The government may also face pressure on subsidies and fiscal balance. However, strong forex reserves, resilient services exports and ongoing infrastructure spending are expected to provide some support.

Buzzing Index:

The Nifty Private Bank index declined 0.44% to 27,280.70. The index jumped 1.50% in the past trading session.

HDFC Bank(down 0.83%), ICICI Bank (down 1.16%), Kotak Mahindra Bank(down 0.76%), Bandhan bank (down 1.18%) plunged

Stocks in Spotlight:

360 ONE WAM declined 4.44%, The company's consolidated net profit increased 15.68% to Rs 288.74 crore, driven by a 27.30% rise in revenue from operations to Rs 1,115.4 crore in Q4 FY26 compared with Q4 FY25.

HCL Technologies tumbled 10.27% after the company reported 6.4% fall in consolidated net income to Rs 4,488 crore as revenues rose by 0.3% to Rs 33,981 crore in Q4 FY26 as compared with Q3 FY26.

Global Market:

Asian markets traded mixed on Wednesday even after President Donald Trump extended a U.S. ceasefire with Iran.

Based on the fact that the Government of Iran is seriously fractured, not unexpectedly so and, upon the request of Field Marshal Asim Munir, and Prime Minister Shehbaz Sharif, of Pakistan, we have been asked to hold our Attack on the Country of Iran until such time as their leaders and representatives can come up with a unified proposal,' Trump reportedly said in a social media post.

He added that the ceasefire would be extended until Tehran submitted a proposal or discussions were concluded, and that the U.S. military would continue its blockade of Iranian ports.

However, the timeline remains uncertain. Negotiators from Tehran said they wouldn't attend the talks with the U.S., calling them a 'waste of time,' Iranian state media reported on Wednesday.

The uncertainty also delayed Vice President JD Vance's trip to join peace talks, according to media reports.

Meanwhile, Japan's Nikkei 225 rose to a new record of 59,691 following the release of its latest trade data. The country's exports rose for a seventh straight month, posting a trade surplus of 667 billion yen ($4.18 billion) in March, compared with a surplus of 1.1 trillion yen widely reported forecast.

Overnight on Wall Street, stocks dropped on Tuesday as investors grew concerned that a peace deal between the U.S. and Iran would not be struck ahead of a ceasefire that's set to expire Wednesday.

The S&P 500 closed down 0.63% at 7,064.01, while the Nasdaq Composite settled 0.59% lower at 24,259.96. The Dow Jones Industrial Average shed 293.18 points, or 0.59%, to finish at 49,149.38.

News source: Capital Market - Live News