Earnings reports influenced stock-specific movements, revealing a mixed performance across various sectors. Concurrently, policy and corporate news remained pertinent, with discussions surrounding AI-related risks in the banking industry, ongoing trade dialogues between India and the US, and regulatory scrutiny of emerging digital platforms.
Outside of the markets, political events made headlines, highlighted by record voter turnout in Tamil Nadu and West Bengal elections, igniting discussions on possible shifts in voter sentiment and electoral results.
Here are the day’s leading stories.
Markets suffer losses for the second day; Nifty falls below 24,200, Sensex at 77,664
On Thursday (April 23), equity benchmarks recorded losses for a second session, with the Sensex plummeting 852 points to 77,664 and the Nifty diminishing by 205 points to finish at 24,173, dropping below the 24,200 threshold due to broad-based selling led by financials, IT, and auto stocks.
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Also read: Rupee starts weaker at 94 per dollar, down 20 paise from the last closeInfosys Q4 Results: FY27 revenue growth projected between 1.5% and 3.5%; Margins expected between 20% and 22%
Infosys Ltd., a technology service provider based in Bengaluru, anticipates its revenue for the financial year 2027 to grow within a range of 1.5% to 3.5% in constant currency terms.
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LTM Q4 results: Profit up 45% sequentially, margins decrease; dividend announced
LTIMindtree | This IT stock has suffered losses exceeding 20% in the first two months, now standing down 22.5% year-to-date. The stock had plummeted over 40% in 2022. Despite this, 22 out of 44 analysts following the stock still maintain a “buy” rating, with consensus price targets suggesting a 36% upside from current levels.
LTM Ltd showed a solid performance in the March quarter, with revenue growth of 4.7% sequentially to ₹11,291.7 crore, surpassing CNBC-TV18 poll estimates of ₹11,155 crore. Constant currency growth was recorded at 1.4%, aligning with market expectations, despite margin pressures.
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Tamil Nadu records over 80% polling for the first time, surpassing 2011 record
Tamil Nadu has achieved one of its highest voter turnout rates in history, exceeding 80% prior to the final hour. Historically, such turnout has indicated a potential ‘out’ for the incumbent, yet 2026 may differ. With Actor Vijay’s TVK entering the political landscape as a formidable third force and the AIADMK-BJP alliance struggling for relevance, is this increase a signal of ‘anti-incumbency’ against the DMK, or a significant consolidation of youth votes? Let’s explore the implications of these numbers.
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91.58% voter turnout in West Bengal Assembly Elections Phase 1 | Is TMC under pressure? | TMC vs BJP
The first phase of the West Bengal Assembly Election 2026 has recorded an impressive voter turnout of approximately 91.58%, igniting fierce political speculation.
This surge in participation spotlights the contest between the All India Trinamool Congress and the Bharatiya Janata Party, with analysts pondering whether the high turnout signifies a potential shift or consolidation of voter preferences.
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Banks consult Finance Minister; cyber risks related to Anthropic’s Mythos likely discussed: Sources
On Thursday (April 23), senior executives from public sector banks and other financial institutions met with the Finance Minister to address risks associated with artificial intelligence, including its disruptive potential in the financial sector, as per sources.
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Indian delegation returns after 3-day trade talks in the US: Government sources
India-US trade discussions concluded in the US, where India rejected USTR Section 301 allegations of excess capacity and forced labor. Indian exporters might receive approximately 6 billion dollars in tariff reimbursements.
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Counterfeit goods rampant: Medicines valued over ₹2 crore, 1,400 kg of paneer seized in raids
A nationwide initiative targeting counterfeit goods has led to the discovery of fake medicines valued at over ₹2 crore, along with 1.5 lakh sachets and adulterated food, unveiling illicit supply chains throughout Delhi NCR and multiple states.
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India considers action against prediction market apps amid rising betting
India’s IT ministry is investigating offshore prediction markets like Kalshi and Polymarket and is preparing for potential action under the new Online Gaming Act regulations effective May 2026, though enforcement challenges arise from VPN access.
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Trade setup for April 24: Nifty struggles to maintain 24,000 but Infosys and IT stocks may dampen sentiment
The market’s decline persisted into a second day on Thursday, with the Nifty 50 closing 205 points lower at 24,173. The index opened sharply lower by 176 points and managed a brief recovery of over 100 points during the first hour. However, it lost its momentum after 10:15 am, continuing to face sustained selling pressure for the remainder of the session.
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Catch us on Friday for another compelling ‘Top 10@10’
