Websol Energy System share price hits 10% upper circuit after Vijay Kedia acquires a 1.02% stake in Q4 FY26, boosting investor sentiment and driving strong rally in the small-cap solar stock.

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Indian stock market on April 23, 2026 closed lower with Nifty at 24,173.05 down 205.01 points (-0.84%). Pharma stocks like Dr. Reddy’s and Cipla surged, while banking and IT stocks dragged indices.

Union Bank of India Q4 FY26 results show steady profit growth and improving asset quality, but the stock fell 6.6% due to rising provisions, weak NII, and flat revenue growth.

Jio Financial Services shares rise after announcing a 50:50 insurance joint venture with Allianz Group, aiming to expand general and health insurance access across India.

Dr. Reddy's Laboratories jumps 7% as NIFTY Pharma rises 2.33%. Explore key reasons behind the rally, including rupee weakness, export gains, and defensive sector rotation.

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Tech Mahindra reports strong Q4 results with profit growth and margin expansion, but weak constant currency revenue and soft demand in key markets like the Americas weigh on sentiment.