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Several Gulf allies and Asian economies are seeking US dollar liquidity through foreign exchange swap lines, according to Treasury Secretary Scott Bessent. This move aims to stabilize global financial markets amid geopolitical stress and currency volatility, reinforcing the US dollar's dominant global role. Discussions are ongoing, particularly with the UAE.
Japan’s Nikkei surged past the 60,000 mark for the first time, driven by strong gains in technology stocks and easing geopolitical tensions. However, the index later pared gains as broader market weakness and narrow participation weighed on sentiment, highlighting a rally concentrated in select large-cap tech names rather than broad-based strength.
Oil marketing companies adjust fuel prices daily at 6 AM based on international crude rates and currency movements. On April 23, 2026, petrol and diesel prices in India remained stable despite global fluctuations, with the government indicating ongoing stability as companies absorb volatility.
The weekend crash of a plane carrying millions in cash near the triple border of Brazil, Paraguay and Argentina has prompted raids of local homes in search of the missing money, which people in the area said were carried out by Paraguayan police, newspaper Ultima Hora reported.
US equities are defying global market headwinds, with the S&P 500 and Nasdaq hitting record highs. This rally is driven by strong corporate earnings and supported by historical market momentum. For Indian investors, currency depreciation has amplified returns, reinforcing the case for global diversification.
Tech Mahindra shares slipped after reporting a 16% rise in quarterly profit, with revenue growth supporting sentiment despite cautious outlooks. The stock remained under pressure as brokerages flagged valuation concerns, even as strong deal wins and AI-led momentum provided some support, keeping short-term price action mixed amid uneven market response.
Trent Ltd shares slipped despite strong Q4 results, where net profit rose 26% year-on-year to Rs 400 crore. Revenue also grew 19% to Rs 5,028 crore, reflecting solid operational performance even as the stock saw mild profit booking.
Indian equity benchmarks declined for a second straight session, pressured by a spike in crude oil prices, a weakening rupee and rising geopolitical tensions. Broad-based selling, FII outflows and rising bond yields weighed on sentiment, while volatility increased. Analysts expect near-term market direction to remain uncertain amid global risks and elevated oil prices.
Petrol and diesel prices in India remained stable on 23 April, despite rising global oil prices. Domestic LPG prices have not changed since a March hike, while commercial LPG saw increases twice, impacting businesses.
Gold and silver prices fell sharply on MCX amid rising crude oil prices and uncertainty around US-Iran peace talks, raising concerns over prolonged high interest rates. Analysts expect continued volatility, advising investors to book profits and wait for dips, while tracking global cues like dollar movement and inflation trends.
Infosys shares are in focus ahead of Q4 FY26 earnings. The IT giant has partnered with OpenAI to integrate its AI tools, including Codex, into Infosys' Topaz model. This collaboration aims to transform software development and modernization for enterprises, moving them from experimentation to practical, responsible AI deployment. Investors await FY27 guidance amid global economic uncertainties.
Weather today: The IMD has issued a heatwave alert for Northwest, Central and East India until 23 April. Alerts extend to several states, with warnings for heat conditions expected to persist for days. Check full weather forecast here.
SBI Life reported a marginal 1% YoY decline in Q4 FY26 net profit, but strong premium growth and stable operating metrics kept brokerages positive. Firms like Nomura, HDFC Securities and Nuvama retained ‘Buy’ ratings, citing resilient performance, healthy margins outlook and long-term growth visibility despite near-term softness in APE and VNB.
Indian IT sector outlook is positive. Fund manager Sandip Agarwal believes the worst is over. A 20-30% index return is possible soon. Clients are returning to normal decision-making after AI clarity. Companies can achieve 6-7% dollar revenue growth. Investors should avoid ER&D exposure. FY27 is expected to be better than FY26.
Reliance Industries Ltd is heading into a crucial Q4 earnings week after its stock fell 15% from its peak, erasing about Rs 3.37 lakh crore in market value. The decline has also impacted Mukesh Ambani, whose net worth dropped to $91 billion, causing him to lose his position as Asia’s richest person to Gautam Adani. Investors are now looking to the upcoming results for a trigger to stabilize the stock.
On April 22, five Nifty500 stocks that gained over 3% appeared in the RSI Trending Up scan. The signal occurs when RSI crosses above 50 from lower levels, indicating strengthening momentum, improving sentiment, and potential short-term buying opportunities in select stocks showing early signs of a technical breakout.
IBM's first-quarter revenue growth slowed to 9%, raising concerns about AI's impact on its software business, particularly after a rival tool showed promise in modernizing COBOL. Despite this, infrastructure segment growth remained robust. IBM's CFO highlighted that generative AI is actually accelerating mainframe adoption, suggesting a positive outlook for the company's core offerings.
Japan's Nikkei share average surpassed 60,000 for the first time, initially boosted by technology stocks amid improved risk sentiment following a U.S.-Iran ceasefire extension. Despite choppy trade and early losses, the index touched a record high, though gains were concentrated in AI-related stocks, outperforming the broader market.
