Sensex, Nifty Slip at Open Despite Positive GIFT Nifty; Oil Spike & FII Selling Weigh

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Price Band and Valuation

Meesho sets its IPO price band at Rs 105-111 per share, valuing the company at nearly Rs 50,096 crore at the upper end.

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Oil Surges Past $102

Brent crude rose to $102.45 per barrel, extending gains for a fourth consecutive session, driven by supply concerns linked to disruptions in the Strait of Hormuz — a key global oil transit route.

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Hormuz Tensions Escalate

Iran's Revolutionary Guard seized two container ships and fired on another vessel near the Strait of Hormuz, citing maritime violation, highlighting the fragility of the US-Iran ceasefire and rattling global markets.

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FIIs Continue to Sell

FIIs sold equities worth ₹3,254.71 crore on April 23, while DIIs bought ₹941.35 crore, providing only partial support. FII outflows in April 2026 have totalled over ₹40,000 crore, keeping markets under sustained pressure.

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Key Levels to Watch

Sensex closed at 77,664, down 1.09%, while Nifty settled at 24,173, down 0.84%, on April 23. Bank Nifty fell 1.43% to 56,305. Markets remain news-driven, oscillating between oil shock fears and ceasefire hopes.

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Sensex, Nifty Slip at Open Despite Positive GIFT Nifty; Oil Spike & FII Selling Weigh

Price Band and ValuationMeesho sets its IPO price band at Rs 105-111 per share, valuing the company at nearly Rs 50,096 crore at the upper end.

Oil Surges Past $102 Brent crude rose to $102.45 per barrel, extending gains for a fourth consecutive session, driven by supply concerns linked to disruptions in the Strait of Hormuz — a key global oil transit route.

Hormuz Tensions Escalate Iran's Revolutionary Guard seized two container ships and fired on another vessel near the Strait of Hormuz, citing maritime violation, highlighting the fragility of the US-Iran ceasefire and rattling global markets.

FIIs Continue to Sell FIIs sold equities worth ₹3,254.71 crore on April 23, while DIIs bought ₹941.35 crore, providing only partial support. FII outflows in April 2026 have totalled over ₹40,000 crore, keeping markets under sustained pressure.

Key Levels to Watch Sensex closed at 77,664, down 1.09%, while Nifty settled at 24,173, down 0.84%, on April 23. Bank Nifty fell 1.43% to 56,305. Markets remain news-driven, oscillating between oil shock fears and ceasefire hopes.