Live Market Update - 22 April, 2026

Index opened weak and stayed under pressure, but the interesting part is beneath the surface, breadth isn’t collapsing. Defensives are taking charge. FMCG, energy, MNC names holding up well, while IT is getting aggressively sold off, dragging sentiment more than the index itself suggests. This is more of a sector rotation than broad panic. Midcaps relatively stable, banks not participating much either side. Market currently leaning on a few pockets while tech weighs heavy. Watch 24300 closely, that’s where structure either stabilizes or slips further.