NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on April 22

The Indian equity benchmarks are set to open lower on Wednesday, April 22, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad dropped 142 points to 24,442 amid mixed cues from Asian markets.

The Indian equity benchmarks ended sharply higher on Tuesday powered by gains in index heavyweights like Nestle India, HDFC Bank, ICICI Bank, Hindustan Unilever, Axis Bank, Bajaj Finance and ITC.

The SENSEX ended 753 points higher at 79,273 and NIFTY50 index advanced 212 points to close at 24,577.

Asian markets

Asian markets were trading on a mixed note after President Donald Trump said Tuesday the United States was indefinitely extending its ceasefire with Iran — a day before it was to expire — as a new round of peace talks was on hold.

Japan's Nikkei rose 0.5%, Hong Kong's Hang Seng declined 1.5%, South Korea's KOSPI fell 0.2% and China's Shanghai Composite advanced 0.1%.

Wall Street update

Overnight, US stocks ended lower on Tuesday as talks between US and Iran were kept on hold. S&P 500 index dropped 0.6%, Dow Jones Industrial Average declined 0.59% and tech heavy Nasdaq fell 0.59%.

FII activity

Foreign institutional investors sold shares worth ₹1,918 crore on Tuesday while domestic institutional investors bought stocks worth ₹2,967 crore, as per NSE data.

Stocks to watch

Manoj Raghavan, CEO and Managing Director, Tata Elxsi, commenting on the company’s performance in the fourth quarter of FY '26, said, 'For the fourth quarter of FY '26, Tata Elxsi reported operating revenue of ₹993.8 crore and a PBT margin at 25.6%. We ended FY '26 with a revenue of ₹3,757.4 crore and a PBT margin of 23.4%."

The company registered a healthy QoQ growth of 4.2%. READ MORE

The accused have been identified as Ashok Kumar Pal (50), CFO of Reliance Power Ltd; Partha Sarthi Biswal (54), managing director of Odisha-based Biswal Tradelink Pvt Ltd; and Amarnath Dutta (50), a resident of Kolkata, the EOW said in a statement.

Its net profit stood at ₹50.38 crore in the year-ago period. Total income rose to ₹348.88 crore during the January-March quarter of the last fiscal from Rs 217.83 crore in the corresponding period of the preceding year, according to a regulatory filing.

During the full 2025-26 fiscal year, the company's net profit rose to ₹204.36 crore from ₹150.31 crore in the preceding financial year.

The total income increased to ₹1,168.62 crore in the last fiscal year from ₹902.67 crore in the 2024-25 fiscal year.

The extension is based on the recommendation of the Nomination and Remuneration Committee; the board, at its meeting held on Tuesday, approved the re-appointment of Padalkar for a period of five years with effect from September 12, 2026, HDFC Life Insurance Company said in a regulatory filing.

The re-appointment is subject to approval of shareholders at the ensuing Annual General Meeting and the Insurance Regulatory and Development Authority of India, it said.

Padalkar joined HDFC Life in 2008 and has held several leadership roles within the organisation, where she played a key role in strengthening the company's financial framework and was instrumental in the successful listing of HDFC Life in 2017, it said.

The Noida-headquartered firm had reported a consolidated net profit of ₹4,307 crore in the same period of FY25.

The firm's revenue from operations rose 12.34% to ₹33,981 crore in Q4 FY26, up from ₹30,246 crore in Q4 FY25.

The IT major projected its FY27 company revenue growth to be in the range of 1% to 4% in constant currency (CC). The company attributed the broad band of guidance to market volatility, reduced discretionary spend, and two client-specific situations where it expects some ramp-downs.

Profit in the year-ago period was ₹31 crore.

Revenue from operations stood 13.8% lower at ₹369.07 crore in Q4 FY26, as compared to ₹428.05 crore a year ago.

On a quarter-on-quarter basis, profit and revenue rose 99.8% and 21.7%, respectively.

Cyient’s order book stood at ₹2,416.6 crore at the end of the March quarter.

For full FY26, profit climbed 7.6% to ₹73.28 crore, while revenue from operations fell 17% to ₹1,261.48 crore.

The platform, Shadowfax 360, provides small sellers and emerging brands with immediate access to an enterprise-grade network covering 15,000+ pincodes across 2,500 cities.

The rollout of the platform is a step in the company's efforts to scale its seller ecosystem and diversify its merchant base beyond enterprise and marketplace relationships -- expanding to a broader base of online-first SMEs, early-stage D2C brands, and marketplace-first sellers transitioning to owned-channel commerce, it said.

It had posted a net profit of ₹395.76 crore in the same period last fiscal, according to regulatory filings.

The company's revenue from operations increased by about 25% to ₹4,055.93 crore in Q4 FY26, as compared to ₹3,242.11 crore in Q4 FY26.

Persistent Systems noted a statutory impact of ₹89 crore on account of the implementation of the new labour codes.

Sequentially, profit and revenue rose by 20.43% and 7.35% over the previous quarter (October-December), respectively.

In the full fiscal year of 2025-26, Persistent's profit climbed 33.20% to ₹1,865.12 crore, from ₹1,400.16 crore in FY25.

In this regard, a formal contract agreement was signed between senior officials of the Ministry of Defence and BEML Ltd in the national capital on Tuesday, the company said in a statement.

"In a significant boost to India's defence preparedness and indigenous manufacturing capabilities, the Ministry of Defence, Government of India, has awarded a Rs 590 crore contract to BEML Limited for the supply of trawl assemblies for deployment on the Indian Army's T-72 and T-90 tanks," the statement said.

The closing date for the buyback is April 29, Aurobindo Pharma said in a regulatory filing.

Earlier on April 6, the company's board had approved the buyback of up to 54,23,728 fully paid-up equity shares having a face value of ₹1 each at a price of ₹1,475 per share for an aggregate amount up to ₹800 crore on a proportionate basis through the tender offer route.

The company has set April 17 as the record date for determining the entitlement and the names of equity shareholders who would be eligible to participate in the buyback.

Q4 earnings today

Over 15 companies are slated to announce their March quarter (Q4 FY26) earnings today. The list includes names such as SBI Life Insurance Company, Trent, Tech Mahindra, Havells India, Oracle Financial Services Software (OFSS), Tata Communications, Bharat Coking Coal, LT Technology Services, and Maharashtra Scooters, among others.