NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

Domestic Stock Market Continues to Reel Under Selling Pressure

The domestic stock market has been experiencing a downward trend for the third consecutive session on Friday, 24 April, due to various factors such as elevated crude oil prices, persisting uncertainties over a potential US-Iran peace deal, and foreign capital outflows. As a result, the Sensex and the Nifty 50 both crashed more than 1% during Friday's session.

Stock% ChangeVolume
Vodafone Idea-2%23 crore
JP Power-5%6 crore
Himadri Speciality Chemical13%6 crore
Reliance Power-6%6 crore

In just three consecutive sessions, the Sensex and the Nifty 50 have plunged by 3%, resulting in a significant loss for investors. The total loss incurred by investors in the same period stands at ₹9 lakh crore.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

The most traded stocks on the NSE on Friday, 24 April, were Vodafone Idea, Jaiprakash Power Ventures (JP Power), Himadri Speciality Chemical, Reliance Power, Suzlon Energy, Ola Electric Mobility, HCC, Billionbrains Garage Ventures (Groww), YES Bank, and IDBI Bank. Other notable stocks included Adani Power, Kotak Nifty IT ETF, Kotak Nifty Bank ETF, Vidya Wires, Tata Silver Exchange Traded Fund, Tata Gold Exchange Traded Fund, Nippon India ETF Nifty IT, IRM Energy, GTL Infrastructure, and Delta Corp.

Notably, Vodafone Idea saw a significant trading volume with over 23 crore shares changing hands, as the stock declined more than 2% in intraday trade. The company received a GST order for ₹16,42,918 along with the demand and interest as applicable, prompting it to take appropriate legal action.

JP Power also experienced a substantial trading volume with more than 6 crore shares changing hands, despite the company's stock declining by 5% during the session. CRISIL Ratings had reaffirmed its ratings on long-term bank facilities worth ₹5,600 crore as "CRISIL BBB/WATCH NEGATIVE" on 24 April.

Himadri Speciality Chemical's stock jumped 13% in intraday trade to hit its 52-week high of ₹605 after the company announced its Q4 results. The company's Q4FY26 consolidated revenue from operations rose by 14% year-on-year to ₹1,288 crore, while profit jumped 29% year-on-year to ₹200.79 crore.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Reliance Power saw a significant trading volume with more than 6 crore shares changing hands, as the stock declined more than 6% in intraday trade on profit booking. The stock has surged 39% so far in April.

Investor Takeaway

Investors should be cautious and consider diversifying their portfolios due to the current market volatility.

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