Stock Market Today, April 22: The domestic benchmark indices closed in the red territory on Wednesday, with Sensex and Nifty dropping nearly 1 per cent even after Trump announced an extension to his April 22 ceasefire deadline for the Iran war. This came as a falling rupee, elevated oil prices and other factors kept investors on the edge.
The 30-share BSE Sensex fell 756.84 points or 0.95 per cent to settle at 78,516.49, while the NSE Nifty slipped 198.50 points or 0.81 per cent to end at 24,378.10, respectively.
On today’s currency performance, Dilip Parmar, Research Analyst, HDFC Securities, said, “The Indian rupee continued its three-day slide as crude oil prices held firm following President Trump’s extension of the U.S.-Iran ceasefire. This geopolitical tension, alongside the RBI’s move to ease part of currency restrictions and a general “risk-off” sentiment, has kept the rupee under pressure. Technically, spot USDINR has resistance at 94.15 and support at 93.40.”
