Market Update: Key Stocks to Monitor Amid Declining Indian Markets
Stocks to watch: Infosys, Jio Financial, Trent, BEL among 10 shares in focus today
Mint
Image: Mint
On April 23, 2026, the Indian stock market faced significant declines, with the Sensex dropping 756.84 points to close at 78,516.49. Key stocks to watch include Infosys, Jio Financial Services, and Trent, which are set to report Q4 results, while Bharat Electronics secured new contracts worth ₹569 crore.
- 01The Sensex fell by 756.84 points, marking a significant market decline.
- 02Infosys and Jio Financial Services are among the key stocks reporting Q4 results.
- 03Bharat Electronics secured new defense contracts worth ₹569 crore.
- 04Trent reported a 26% increase in net profit year-on-year.
- 05SBI Life Insurance experienced a slight profit decline to ₹805 crore.
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The Indian stock market experienced a sharp decline on April 23, 2026, with the Sensex plunging 756.84 points (0.95%) to close at 78,516.49. The Nifty 50 also fell by 198.50 points (0.81%), settling at 24,378.10. Analysts predict a continued negative trend as the Gift Nifty index indicates a soft opening around 24,250 amid rising geopolitical tensions and high crude oil prices. Notably, several companies are set to report their Q4 results, including Infosys, Adani Green Solutions, Tata Capital, and Union Bank of India. Trent reported a 26% year-on-year increase in net profit, reaching ₹400 crore, while SBI Life Insurance's profit slightly declined to ₹805 crore. Bharat Electronics has secured new defense contracts worth ₹569 crore, enhancing its order book. In contrast, Tata Communications reported a significant drop in net profit by 74.7%, totaling ₹263.25 crore.
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The decline in the stock market may affect investor sentiment and could lead to cautious spending among consumers and businesses.
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