Sensex Today Tanks 756 Points | Nifty Below 24,450 | 4 Reasons Why Indian Share Markets are Falling

Wed, 22 Apr Closing

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Although the benchmark indices opened lower, they traded negative throughout the session and ultimately closed red.

Indian equity benchmarks indices, Sensex and Nifty50 snapped a three-day winning streak as IT stocks weighed. Global equities declined as the failed US-Iran talks stoked worries about a prolonged tension in West Asia.

At the closing bell, the BSE Sensex  closed lower by 756 points (down 0.9%)

Meanwhile, the NSE Nifty closed 198 points lower (down 0.8%)

HUL, NTPC, Eternal among the top gainers today.

HCL Tech, Infosys, TCS on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,387 lower by 187 points at the time of writing.

The BSE 150 Midcap index is trading 0.2% higher and the BSE 250 SmallCap index is trading 0.9% higher.

Sectoral indices were trading mixed today with stocks in metal sector and power sector witnessed buying. Meanwhile, stocks in IT sector and services sector witnessed selling pressure.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at Rs 93.7 against the US$.

You can also visit our live blog section for real-time updates and deeper insights into the market.

Gold prices for the latest contract on MCX are trading 1% higher at Rs 1,53,231 per grams.

Meanwhile, silver prices were trading 1.8% higher at 2,49,300 per 1 kg.

Four reasons why Indian share markets are falling:

#1 Profit Booking in Banks & IT Stocks

Markets fell as investors booked profits in banking and IT stocks after recent gains. Bank stocks slipped slightly, while IT stocks dropped sharply due to weak Q4 results and cautious outlooks. This came after a strong 3-day rally in Sensex and Nifty.

#2 Ongoing US-Iran tensions

Uncertainty around the US-Iran situation is making investors nervous despite a temporary ceasefire extension. There is no clear timeline for peace talks or resolution yet. This uncertainty could hurt global economic growth and keep markets volatile.

#3 Weak Global Market Signals

Asian markets showed limited gains after declines in US markets, reflecting global uncertainty. Rising US bond yields and a stronger dollar are also putting pressure on emerging markets like India. Overall sentiment remains cautious worldwide.

#4 High Crude Oil Prices

Although oil prices dipped slightly, they are still above $95 per barrel, which is a concern. High oil prices increase costs for companies and can reduce profits. If prices stay high, company earnings could be negatively affected.

Speaking of stock markets, Rahul Shah at Equitymaster says Tata Consultancy Services and Infosys are not seriously threatened by AI, as their strong business models still give them an edge.

The real issue is slower growth, not a weakening moat. Using the CAP concept by Michael Mauboussin, he explains that while profits remain stable, lack of growth may keep returns modest.

Watch to know more.

Central Mine Planning and Design Institute Q4 FY26 Results

Shares of Central Mine Planning and Design Institute (CMPDI), a subsidiary of Coal India, came into focus after the company reported its Q4 FY26 results.

Revenue from operations rose 11.7% to Rs 8.27 billion (bn), compared to Rs 7.40 bn, while total expenses increased sharply by about 42% to Rs 5.89 bn from Rs 4.15 bn.

For the March 2026 quarter, the company's profit after tax fell 32% to Rs 1.88 bn, down from Rs 2.76 bn a year ago.

The board has recommended a final dividend of Rs 1.06 per share (face value Rs 2), subject to shareholder approval at the upcoming meeting.

For the full FY26, revenue grew 10.17% to Rs 23.17 bn from Rs 21.03 bn in FY25.

However, total expenses climbed 21.5% to Rs 15.74 bn from Rs 12.95 bn, leading to a decline in profit after tax by 8% to Rs 6.13 bn, compared to Rs 6.67 bn in the previous year.

Nestle India Q4 FY26 Results

Shares of Nestle India came into focus after the company reported its Q4 FY26 results.

In the March 2026 quarter, Nestle India reported a strong performance, with consolidated net profit rising 27.18% year-on-year to Rs 11.11 bn, compared to Rs 8.73 bn in the same period last year.

This growth was driven by record domestic sales. Revenue from operations also increased to Rs 67.48 bn, up from Rs 55.04 bn a year ago, while domestic sales grew 23.11% to Rs 64.45 bn.

For the full FY26, the company's profit stood at Rs 34.99 bn, marking a 9% year-on-year increase. However, total income saw modest growth of 1.4%, reaching Rs 231.95 bn during the fiscal year.

To know what's moving the Indian stock markets today check out the most recent share market updates here.

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