Market News

US stock markets experienced a downturn as investor sentiment was weighed down by dwindling hopes for an Iran nuclear deal and a varied performance from corporate quarterly earnings reports.

US markets experienced a significant downturn on Thursday, with the Dow Jones Industrial Average [^DJI] plummeting over 500 points following escalating geopolitical tensions in the Middle East.

Nasdaq is set to dramatically extend its trading hours to almost 23 hours a day, five days a week, a move designed to enhance global access to popular U.S. equities.

Freeport-McMoRan [FCX] has announced a significant delay in restoring full production at its Grasberg mine in Indonesia, revising its recovery target downwards and potentially impacting global copper supply amidst strong demand.

Global gold and silver futures saw significant declines on April 23rd, as renewed inflation fears stemming from higher crude oil prices and a strengthening US dollar dampened investor sentiment.

American Airlines [AAL] has revised its 2026 profit forecast downwards, citing soaring jet fuel expenses as a primary factor, with the lower end now predicting a potential loss.

Aurum PropTech [AURUM] has announced a significant achievement, surpassing ₹500 crore in annualised recurring revenue (ARR) while consistently delivering profitable results for consecutive quarters.

Indian benchmark indices, the Nifty and Sensex, witnessed a second consecutive session of declines, influenced by IT, auto, and financial sectors, amidst rising volatility and mixed global signals.

The RBI's latest 'State of the Economy' report highlights rising inflation risks stemming from global supply chain disruptions, geopolitical tensions in West Asia, and domestic weather uncertainties, despite India's strong fundamentals.

Industrial conglomerate Honeywell International Inc. [HON] has lowered its second-quarter revenue outlook, citing the ongoing Middle East conflict as a significant factor affecting its global business operations.

Lululemon Athletica [LULU] saw its shares tumble significantly on Thursday after announcing a new CEO hire from Nike [NKE], a move that failed to reassure investors despite the executive's background.

Global markets saw a dip as Wall Street indices, including the Dow, S&P 500, and Nasdaq, registered declines amidst escalating Middle East tensions and a mixed corporate earnings season.

US equities began Thursday's trading session on a cautious note, with major indices declining as investors grappled with persistent geopolitical uncertainty in the Middle East and a mixed bag of corporate earnings reports.

End-of-day market summary for 2026-04-23

US stock futures, including S&P 500 and Nasdaq, are retreating as Brent crude surpasses $100 per barrel, fueling inflation concerns and potentially delaying Federal Reserve rate cuts.

US stock futures declined as investors reacted to escalating geopolitical tensions in the Middle East and a varied corporate earnings season, signaling increased caution in global markets.

Indian benchmark indices, Sensex and Nifty, concluded a recent trading session over 1% lower for the second consecutive day, primarily due to selling pressure in IT, auto, and financial sectors. Despite the broader market decline, stocks like Jio Financial Services [JIOFIN] and OFSS [OFSS] emerged as key gainers.

Russia's central bank has reportedly sold nearly 22,000 kilograms of gold recently to mitigate its growing budget deficit, which soared to $61.2 billion by March-end.

Larsen & Toubro [LT] has announced a significant contract win from Oberoi Realty [OBEROIRLTY] for the construction of seven high-rise residential towers in Gurugram, bolstering its robust order book.

The Indian Rupee has extended its losing streak to four consecutive sessions, marking its longest decline since mid-January, as global crude oil prices surge past $100 per barrel due to stalled US-Iran peace talks.