The Indian stock market opened with a slight increase on Tuesday (April 22) amid signs of weakness from global markets. However, the major benchmark index Nifty-50 and Sensex slipped into the red mark in the beginning. The 30 -share BSE Sensex opened today at 79,728.39. As soon as it open, it saw ups and downs. At 9:42 am it was at 79,600 with 191.71 points or 0.24%. The Nifty-50 of the National Stock Exchange (NSE) also opened with a slight lead today. At 9:42 am it was 49.80 points or 0.21% to 24,175.35.
Top losers
After the market opened, 19 out of 30 shares of Sensex were trading with a decline. IndusInd Bank, Asian Paints, Infosys and Powergrid were the most damaged.
Top beneficiary
At the same time, Eternational, Tata Steel, Kotak Bank, Bajaj Finance, HDFC Bank, Tech Mahindra, Hindustan Unilever, Tata Steel were trading in green mark.
Decline in US markets
On Wall Street, Dow Jones Industrial Average fell 2.48 percent to close at 38,170.41. S&P 500 fell 2.36 percent to close at 5,158.20. Nasdaq composite fell 2.55 percent to close at 15,870.90. However, Dow Jones futures were 0.33 percent ahead, while S&P 500 futures and Nasdaq 100 futures increased by about 0.4 percent.
Nifty’s outlook
Ajit Mishra, Senior Vice President (Research), Railways Broking Limited, said, “The Nifty has finally overcome the major barrier of 23,800 after two months of comprehensive consolidation, which initially indicates a possible rise towards 24,250 and then 24,600. , While a recent rapidly accepted the possibility of an intermediate stagnation or consolidation. Investors should make their positions accordingly and avoid adopting the opposite stance. “
In addition, brokerage firm Nomura has increased its earlier target for December 2025 from 23,784 to March 2026 to 24,970 for the Nifty for March 2026. Brokerage hopes that the Nifty will turn trading at 19.5 times its estimated earnings of Rs 1,280 for FY 27, which was earlier 18.5 times.
Q4 results of these companies will come today
Investors will look at the consequences of the fourth quarter of several companies. HCL Tech, Delta Corp and Scient DLM will present their results on Tuesday, 22 April.