# The Indian equity markets came under pressure on April 9, dragging Nifty 50 below the 23,700 mark.

*business · news · 2026-04-09 · Moneycontrol*

## Key points

- Nifty 50 fell below 23,700, ending a five-day winning streak due to financial stock selloff.
- Broader indices outperformed, with Nifty Midcap up 0.3% and Smallcap index closing flat.
- Antony Waste Handling Cell shares surged 13% after securing ¥750 million funding from JFE Engineering.
- Embassy Developments reported an 89% rise in Q4 pre-sales and 39% increase in collections.
- BHEL shares rose 4% after signing a technology collaboration agreement with Korea-based E2S Company.

**Companies:** L&T, Interglobe Aviation, Shriram Finance, Jio Financial, Dr Reddy's Labs, Hindalco, Bajaj Auto, Bharat Electronics, Max Healthcare, Bosch, Antony Waste Handling Cell, Embassy Developments, Info Edge (India), BHEL, RITES, BEML
**Countries:** India, Japan, South Korea

[Read the full story on Moneycontrol](https://www.moneycontrol.com/news/business/markets/taking-stock-markets-retreat-after-5-day-rally-nifty-below-23-800-on-financials-drag-13884604.html)

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