Stock market today, April 22 -- The domestic benchmark indices, Nifty 50 and Sensex, increased as investors purchased financial stocks following the central bank's easing of the deposit buffer rate for banks.

As of 11:15 IST, the Nifty 50 gained 0.38%, reaching 24,216.15, while the Sensex rose by 0.40% to 79,724.99. On Monday, the Reserve Bank of India (RBI) instructed lenders to apply a lower-than-previously suggested buffer rate of 2.5% on digitally linked deposits, allowing a one-year period for compliance. The central bank also lowered the 'run-off' factor for wholesale deposits from non-financial entities, such as partnership firms and trusts, from 100% to 40%.

Kotak Mahindra Bank and HDFC Bank experienced increases of 2.3% and 2.1...