On Friday, April 25, the stock market faced significant decline. Sensex is trading at 78,700 levels, falling 1,100 points or 1.40%. Similarly, the Nifty is about 350 points or less than 1.40%, trading at 23,850 levels. In 30 sense stock, 26 are below, with major stocks such as Axis Bank, Adani Port, and Bajaj Finance look at up to 4.50%. On the positive side, Tech Mahindra, Infosys, TCS and HCL Tech showed marginal benefits.
In the Nifty 50 index, 45 out of 50 shares have fallen, with a 3%decline in the NSE Nifty Media Index. Meanwhile, regional indices such as PSU Bank, Pharma, Metal and Auto have declined by about 2%, while the IT index has seen a small crowd of 1%.
Reasons Behind the Fall in the Stock Market
Profit Booking After Recent Gains
Before yesterday, i.e. 24 April, the market rose 6269 points (8.50%) in seven consecutive days. After this rise, investors have started booking profits. This may be due to excessive selling especially in sectors like banking. The banking sector has performed strongly recently.
Geopolitical Tensions – Indus Water Treaty
India suspended the Indus Water Treaty after the terrorist attack in Pahalgam, Jammu and Kashmir on 22 April.After this, Pakistan also announced to suspend almost all bilateral agreements and said that if India stops Indus water, it would be an act of war. Due to this tension between the two countries, investors have become cautious, due to which selling in the market has increased.
Global Market Performance
- On 24 April, America’s Dow Jones closed up by 487 points (1.23%), Nasdaq Composite by 458 points (2.74%) and S&P 500 index by 109 points (2.03%).
- In Asian markets, Japan’s Nikkei is trading at 35,527, up by 488 points (1.39%). Korea’s Kospi is up by 28 points (1.10%), it is trading at 2,550.
- China’s Shanghai Composite is up 0.15%, it is trading at 3,302. Hong Kong’s Hang Seng Index is up 1.30%, it is trading at 22,195.
- On April 24, foreign investors (FIIs) bought shares worth Rs 8,250.53 crore. Whereas, Indian i.e. domestic investors (DIIs) sold net shares worth Rs 534.54 crore.
Stock Market Performance on 24 April 2025
After 7 consecutive days of rise, the stock market declined yesterday i.e. on Thursday, 24 April. Sensex fell by 315 points and closed at 79,801. Nifty fell by 82 points and closed at 24,247.Out of the 30 Sensex stocks, 17 fell. Hindustan Unilever’s stock fell by more than 4%. Apart from this, Zomato, Airtel and ICICI Bank shares closed down by 1%. At the same time, Indusind Bank, UltraTech Cement, Tata Motors, Tech Mahindra shares fell by 3.3%.
Out of 50 Nifty stocks, 31 stocks declined. NSE’s Nifty Realty and FMCG index fell the most by 1.41%. Apart from this, auto, IT and banking also saw a slight decline.
