Closing Bell 24th April: Nifty 50 down by 1.14% and Sensex by 1.27%
Nifty closed at 23,897 as IT stocks bleed, Infosys hit 52-week low. Here's what dragged the market down on April 24, 2026.
Team Dhan
|Apr 24, 2026, 04:00 PM
On Friday, the Indian equity market closed the week in negative territory with the Nifty 50 opening at 24,100.55, reaching a high of 24,206.00, and closing at 23,897.95, down by 1.14%. Similarly, the BSE Sensex opened at 77,483.80, reached a high of 77,710.82, and ended at 76,681.29, down by 1.27%
The Indian share market traded in red due to selling pressure across various sectors amid weak earnings and due to cautious sentiment after U.S President Donald Trump ordered the Navy to “shoot and kill any boat” laying mines along the strait.
Reasons for the negative sentiment
The following are the reasons for the negative sentiment in the stock market:
- The rise in crude oil prices amid rising geopolitical uncertainties.
- Weak cues from Global markets.
- India VIX rose by 4.57% at 19.45, indicating rising uncertainty in the market.
Major Indices Today
- The major indices, Nifty 50 and Sensex, traded in red, dragged by Banking, IT, FMCG, and Automobile stocks.
- Nifty Next 50 traded lower, dragged by Metal, Power, and FMCG stocks.
- Nifty Bank traded in the red amid rising crude oil prices and weak earnings from Union Bank.
Sectoral Indices Today
- Nifty IT traded in the red due to a weak growth outlook from Infosys, and continued global uncertainty weighed on sentiment.
- Nifty Auto traded lower on broader market sentiment.
- Nifty FMCG traded lower as the Gulf War triggered unprecedented inflation across raw material inputs.
- Nifty Pharma traded in red amid profit booking after the recent rally.
- Nifty Oil and Gas traded lower due to cautious investor sentiment ahead of Reliance’s Q4 earnings.
Market Movers Today
- InterGlobe Aviation, the parent company of IndiGo’s shares, dropped by 3% after global brokerage Morgan Stanley cut its target price.
- Sun Pharma shares dropped by 3% after the report that the company is competing with Swedish private equity firm EQT and German drugmaker Gruenthal for Organon.
- IDBI Bank shares rose by 8% after the Finance Minister Nirmala Sitharaman said the government will divest its stake in the bank.
- Dr Reddy’s Laboratories shares dropped by 1.13% after brokerage firms like Goldman Sachs and Citi downgraded their ratings.
Top Gainers
Top Losers
52W High Stocks
52W Low Stocks
High Volume Stocks Today
Market Announcements
- LTI Mindtree shares dropped by 6% after the company’s Q4 FY26 earnings missed analysts’ estimates.
- Infosys shares dropped by 5% after the company’s FY27 guidance came in at 1.5-3.5% constant currency growth, indicating continued demand uncertainty.
