Sensex and Nifty News: Markets End 7-Day Rally, Snap Streak with Mild Losses

Market Performance

India’s benchmark indices, Sensex and Nifty, saw profit booking on Thursday, April 24, ending their impressive seven-day winning streaks.

• Sensex dropped 315.06 points or 0.39%, closing at 79,801.43
• Nifty 50 fell 82.25 points or 0.34%, finishing at 24,246.70

Despite this minor dip, both indices had gained nearly 9% over the past seven sessions.

The BSE Midcap slipped 0.16%, while Smallcap indices ended nearly flat. Most sectoral indices were red, with FMCG and Realty dragging the market down.

Main News

The market paused after a strong rally as investors opted for profit booking. Key drivers behind this dip included:

• Weak global cues and lack of fresh domestic triggers
• Escalating geopolitical tensions:
  • Russia’s missile attack on Kyiv
  • India-Pakistan tensions following the Pahalgam terror incident
• Uncertainty around US tariff moves under the Trump administration

Sector-wise Performance

• Losers:
  • Nifty FMCG: -1.06%
  • Nifty Realty: -1.41%
  • Nifty Auto: -0.25%
  • Nifty Financial Services: -0.53%
• Gainers:
  • Nifty Pharma: +1.08%

Company Highlights

Top Nifty 50 Gainers

• IndusInd Bank: +3.17%
• UltraTech Cement: +1.89%
• Grasim Industries: +1.67%

Top Nifty 50 Losers

• Hindustan Unilever (HUL): -4.12% (weak Q4 earnings)
• Bharti Airtel: -1.89%
• Eicher Motors: -1.88%

Most Active Stocks (by volume)

• Vodafone Idea: 43.62 crore shares
• GTL Infrastructure: 17.8 crore shares
• Reliance Power: 10.9 crore shares

Other Market Movers

• 12 stocks surged over 10%, including Eldeco Housing and Repro India
• 17 stocks fell over 5%, including Syngene International and Digicontent
• 117 stocks hit the upper circuit on the NSE
• 75 stocks marked 52-week highs, including Bajaj Finserv, UltraTech Cement, and SBI Cards

Summary

After a strong week of gains, Sensex and Nifty News took a cautious turn on April 24, with profit booking dominating investor sentiment. Weak global cues and geopolitical uncertainties influenced the dip in Indian markets. While the short-term trend remains optimistic, investors may continue to witness range-bound movement until new triggers emerge. Pharma stood out as a defensive bet, while FMCG bore the brunt of the selling pressure.

Stay tuned for more Sensex and Nifty News as markets react to global trends and corporate earnings in the upcoming sessions.