Stock Market Update 24 April 2026: Sensex Falls Over 300 Pts; Nifty Below 24,100

Amid prevailing global uncertainties and elevated volatility, most Indian stock market indices traded lower after market opening on Friday, 24 April 2026.

At around 9:25 AM, the Sensex was down by around 380 points (0.49%) to trade at 77,274.25. The Nifty 50 was also down by around 100 points (0.4%) to trade at 24,079.30.

Notably, markets are under pressure due to the escalating tensions in West Asia. There is no clarity on how the situation may unfold. The latest developments, such as stalled US-Iran peace talks, ongoing naval blockade in the Strait of Hormuz, and Iran’s seizure of two ships, are keeping the markets fragile.

How Other Indices Are Performing?

Not just the Sensex and Nifty, but most other indices were trading in the red during early trade on Friday.

At around 9:30 AM, Bank Nifty was down by around 0.21% to trade at 56,184.55. The Fin Nifty was also down by around 0.28% to trade at 26,174.50.

Most sectoral indices were also trading in the red. Nifty IT was the worst-hit, falling as much as 1.9%. The only index in the green was Nifty FMCG, up by 0.15%.

Top Gainers And Losers

The top gainers on Nifty were Coal India, Nestle, HDFC Asset Management, Varun Beverages, and Max Healthcare. The top losers were Adani Energy Solutions, LTM, Infosys, TCS, and the Union Bank of India.

Developments Shaping The Market

• US-Iran Conflict: The ongoing conflict between the US and Iran in the Middle East continues to impact the global markets. For now, the peace talks have taken the backseat, and the US Navy continues to implement the blockade in the Strait, which has led to escalating tensions.

• Weak Global Markets: Most global markets reacted cautiously to the ongoing geopolitical tensions. As of 9:33 AM, Gift Nifty was down by 82 points to trade at 24,042.50. Dow futures were trading lower by 0.28%. Hong Kong’s HANGSENG was also down by 0.30%. Japan’s NIKKEI was, however, up by 0.48%.

• Rupee Declines: The Indian National Rupee (INR) continued to slump. It opened lower by 0.1% at 94.2125 per US dollar on Friday. The decline in the value of the rupee impacts export businesses significantly.

Also Read - Stocks to Watch on 24 April 2026: RIL, Infosys, Hindustan Zinc & More

Investor Takeaway

The ongoing geopolitical developments have led to significant market volatility, which could continue for the time being. Long-term investors must analyse a company’s fundamentals carefully before investing.

Sources:

The Economic Times

Moneycontrol