New Delhi, April 22 -- The Indian stock markets opened lower on Wednesday, following a cautious trend across Asian markets, despite US President Donald Trump extending the ceasefire with Iran. In a recent development, around the tensions between both countries, Tehran has rejected Washington's conditions for ceasefire talks.

The Nifty 50 slipped around 120 points to 24455.90 points in early trade, down 0.5 per cent , while the BSE Sensex shed around 480 points to 78,766.65 points. Most major sectoral indices traded lower with the Nifty IT index under pressure following weak earnings from HCL Tech and Tata Elxsi, mirroring the broader risk-off mood.

Asian markets opened mixed, with Japan's Nikkei 225 hitting a fresh record of 59,691 on s...