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Below the Quote on Markets 21st April 2026 by Mr. Vikram Kasat, Head Advisory, PL Capital 

Volatility Returns Last week provided a large dose of optimism that the U.S. could be entering the final stretch of its war with Iran. But the story changed over the weekend and today vessel traffic in the Strait of Hormuz was back to a virtual standstill.

While peace talks seem to be moving forward, the latest developments sent oil higher and stocks lower.

Nasdaq closed down 0.3%, snapping the index’s longest wining streak since 1992.

Conversely, Brent crude oil was up 5.6% to around $95 a barrel, while WTI crude rose 6.9% to just under $90 a barrel.

?Apple announced that Tim Cook would step down as CEO in September. Insider John Ternus, currently Apple’s senior vice president of hardware engineering, has been tapped as the new CEO. The news should make for an exciting earnings conference call, which is set to take place on April 30.

Nifty 24364.85

Strong Support levels: 24300 and 23900

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