Mumbai, April 22 -- The domestic equity benchmarks snapped their three-day winning streak with a sharp jolt on Wednesday, as relentless selling in IT heavyweights and simmering geopolitical tensions dragged sentiment into the red. The Nifty 50 gapped down decisively to open at 24,470.85, mirroring weak global cues after the U.S.-Iran failed to clinch an agreement ahead of the ceasefire deadline.

Through the session, price action turned erratic and jittery, with the index swinging sharply between a high of 24,515.95 and a low of 24,352.90. Despite brief attempts to recover, the Nifty ultimately succumbed to selling pressure, slipping below the crucial 24,400 mark by the close.

Investor mood remained fragile and watchful, even as reports ...