Why did the stock market sink even after the ceasefire? Sensex fell by 800 points, investors lost crores, these are the 5 big reasons for the fall

News India Live, Digital Desk: On Wednesday, 22 April 2026, there was an uproar in the Indian stock market. Investors were hoping that the market would be green after US President Donald Trump announced indefinitely extending the ceasefire with Iran, but exactly the opposite happened. Sensex fell by almost 800 points and Nifty by more than 200 points. This decline has created silence in the corridors of the market and investors are trying to understand how this ‘disaster’ has come amid the news of ‘relief’.

‘Fear’ and naval blockade hidden in Trump’s announcement

The biggest reason behind the market decline is a hidden twist in Trump’s announcement. Although Trump has extended the ceasefire, he has made it clear that the naval trade blockade of Iran will continue. Iran has directly termed it an ‘act of war’. Investors fear that this ceasefire is only on paper and the tension on the ground remains the same. This uncertainty increased the demand for ‘safe haven’ i.e. dollar, due to which selling pressure increased in global markets as well as in India.

Tsunami of ‘HCL Tech’ in IT sector

A major reason for the fall of the Indian market was also domestic. The disappointing fourth quarter results and weak future guidance of IT giant HCL Tech sent the entire IT index crashing. HCL Tech shares themselves fell by 10%, wiping off around Rs 38,000 crore from the company’s market cap. Along with this, heavy selling was also seen in stocks like Infosys and TCS, which played a major role in pulling down the Nifty.

Crude oil prices and falling rupee

Despite the ceasefire, the prices of Brent Crude in the international market have reached close to $ 98 per barrel. India imports most of the oil it needs, so high oil prices increase the risk of inflation. On the other hand, the rupee fell to a record level of 93.68 against the dollar. Weak rupee and expensive oil are proving to be a double blow to the Indian economy, which has a direct impact on the stock market sentiment.

FII selling and profit booking

The market had shown good growth in the last three sessions, after which today traders thought it better to book profits. At the same time, foreign institutional investors (FIIs) have again adopted a selling stance. On Tuesday itself, FIIs had made a net sale of about Rs 1,918 crore. In view of global instability, foreign investors are withdrawing money from emerging markets and turning to safer options, which remains a matter of concern for the Indian market.