NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on April 23

The Indian equity benchmarks are set to stage a gap down opening on Thursday, April 23, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad dropped 243 points or 1% to 24,138 amid weak cues from Asian markets.

The benchmarks snapped their three-day winning streak on Wednesday as investor sentiment turned cautious after United States and Iran did not proceed with the peace talks and the Strait of Hormuz remained blocked triggering a spike in crude oil prices.

The SENSEX ended 757 points lower at 78,516 and NIFTY50 index dropped 198 points to close at 24,378.

Asian markets

Japan's Nikkei fell 1%, China's Shanghai Composite declined 0.33%, Hong Kong's Hang Seng tumbled 1% and South Korea's KOSPI rose 0.2%.

Wall Street update

Overnight, US stocks ended at record highs on Wednesday on the back of stronger than expected quarterly earnings posted by GE Vernova, Boston Scientific and other big companies.

Dow Jones Industrial Average rose 0.69%, S&P 500 index advanced 1.05% and tech heavy Nasdaq rose 1.64%.

FII/DII activity

Foreign institutional investors sold shares worth ₹2,078.36 crore on Wednesday while domestic institutional investors sold stocks worth ₹1,048.17 crore, as per NSE data.

Stocks to watch

It posted 32.57% year-on-year (YoY) growth in its consolidated net profit to ₹413.1 crore in Q4 FY26, compared to ₹311.6 crore in the corresponding period last year, according to a regulatory filing.

The company’s revenue from operations stood at ₹5,027.99 crore during the quarter under review, marking a 19.23% YoY jump from ₹4,216.94 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

The company said its board has approved a bonus issue in the ratio of 1:2, meaning shareholders will receive one additional share for every two shares held.

In addition, the board has announced a dividend of ₹6 per share for FY26.

NSE filings showed that SBI Life Insurance’s net premium income (NPI) rose 16% to ₹27,683.79 crore in Q4 FY26, compared YoY with ₹23,860.71 crore in the same period a year ago.

EZ Home enables app-based control of lighting, climate, security, and energy management, delivering enhanced comfort, safety, and operational efficiency while supporting sustainable living, a release said.

The Tata Power EZ Home portfolio includes smart sockets, touch panel switches, retrofittable converters, and motion sensors that integrate into existing electrical setups without major modifications, which makes the solutions suitable for both newly constructed homes and established residences, it said.

With built-in overload protection and intelligent automation features, EZ Home enhances appliance safety during voltage fluctuations and power surges. Automated scheduling ensures appliances such as air conditioners, refrigerators, fans, and washing machines operate only when required – minimising unnecessary power consumption, it said.

The binding agreement formalises a partnership first announced in July 2025, soon after Allianz Group exited its partnership with Bajaj Finserv.

This partnership will bring together two highly trusted financial services brands, recognised for their commitment to customer-centricity, to deliver innovative and accessible protection solutions tailored to the specific needs of the people and businesses of India, a joint statement said.

The company had reported a net profit of ₹311 crore in the March quarter of FY25.

The company's revenue from operations rose 8.3% to ₹2,857.9 crore in Q4 FY26, as compared to ₹2,637.8 crore in the year-ago period, according to a regulatory filing.

On a quarter-on-quarter basis, profit and revenue climbed by 9.7% and 2.5%, respectively.

For the full fiscal year ended March 31, 2026, LTTS posted a net profit of ₹1,279.2 crore, reflecting a marginal hike of 0.98% from ₹1,266.7 crore in FY25.

Revenue from operations came in 14% higher at ₹10,995.9 crore in FY26.

The inspection, conducted between February 2 and 6, 2026, concluded with the issuance of a Form 483 with one minor observation, the company said in a statement.

The VAI classification enables Supriya Lifescience to maintain uninterrupted supplies of APIs to regulated markets such as the United States, Europe, and Japan.

In a regulatory filing, the private sector lender said the RBI accorded its approval in a letter dated April 22, and the tenure will be effective from the date Panda assumes charge, subject to compliance with conditions specified by the regulator.

The bank said the proposal for Panda’s appointment will be placed before its Nomination and Remuneration Committee (NRC) and the board for consideration and approval in due course.

It recorded a profit (attributable to equity holders of the parent company) of ₹1,040.34 crore in the year-ago period, aided by a one-off gain from the sale of a Chennai land parcel to an associate company, as well as the sale of the entire stake in Tata Communications Payments Solutions.

The company’s income from operations climbed 9.4% to ₹6,554.15 crore in Q4 FY26 from ₹5,990.35 crore in Q4 FY25.

Sequentially, the firm’s profit declined 27.9% while income from operations rose by 5.9%.

With the commissioning of these projects, AGEL has achieved a total operational renewable generation capacity of 19,585.8 MW and a total operational BESS capacity of 1,376 MWh.

Major orders received include avionics, EW systems, high-energy lasers, communication equipment, tank subsystems, laser-based fuzes, test equipment, upgrades, spares, services, etc.

Trade setup

The daily charts indicate a broad consolidation in the NIFTY50 amid a volatile trading session. The index continued to trade in the range of 24,200 to 24,600 for six trading sessions, suggesting time consolidation in the index. However, the index could switch to price correction mode if it closes below the 50 EMA level of 24,224. On the flipside, 24,500 remains a near-term resistance, and 24,800 remains long-term protection on the upside.

The latest open interest data for the coming monthly expiry suggests 24,500 as a crucial resistance level, with the highest open interest on the call side. Similarly, 24,400 and 24,500 call strikes witnessed strong open interest addition on Wednesday, indicating limited upside above these levels. On the other hand, 24,000 puts hold the highest open interest, indicating a near-term support for the coming weekly expiry.