Mumbai/IBNS, April 22 -- The Indian stock market opened in the red on Wednesday despite a temporary easing of tensions in West Asia, according to media reports.

Losses deepened soon after, with the Sensex falling nearly 800 points and the Nifty declining over 200 points in early trade.

Among major laggards, Tech Mahindra fell 4 percent, while Infosys dropped 3 percent.

The market reaction came even as US President Donald Trump announced an extension of his April 22 deadline related to a potential ceasefire involving Iran.

In a post on Truth Social, Trump said he had decided to delay further military action following a direct appeal from Pakistan's leadership, including Army Chief Asim Munir and Prime Minister Shehbaz Sharif.

He added...