Sensex, Nifty 50 | Stock Market LIVE: Sensex crashes over 700 points, Nifty 50 below 24,000; IT stocks bleed

Sensex, Nifty 50 | Stock Market LIVE Updates: The Indian stock market traded sharply lower on Friday, extending its losing run, as soaring crude oil prices and escalating US-Iran war in the Middle East dented sentiment.

The Sensex opened 180.20 points, or 0.23%, lower at 77,483.80, while the Nifty 50 opened at 24,100.55, down by 72.50 points, or 0.30%.

However, selling intensified and the Sensex crashed over 700 points, while the Nifty 50 slipped below 24,000 level. Bank Nifty also slipped over half a percent.

Broader markets succumbed to selling pressure, with the Nifty Smallcap 100 and the Nifty Midcap 100 indices falling over 0.5% each.

All the sectoral indices were trading the red, with Nifty IT, Nifty Metal, Nifty Pharma, Nifty Media, Nifty Auto and Nifty Private Bank falling the most.

Globally, Asian markets traded mixed, while the US stock market ended lower, with the Wall Street benchmark indices retreating from record highs.

US President Donald Trump said Israel and Lebanon have agreed to extend a ceasefire between Israel and the Hezbollah militant group by three weeks. Trump also said that the US has full control over its blockade of measures against Iran, calling them effective.

Crude oil prices rose over fears of renewed military escalation in the Middle East. Brent crude futures rallied 1.17% to $106.3 a barrel, while West Texas Intermediate futures gained 1.12% to $96.92.

Gold prices were steady, but on track for a weekly drop as elevated oil prices fuelled fears of inflation and higher-for-longer interest rates. Spot gold price rose 0.1% at $4,697 per ounce. The metal is down 2.6% so far this week after a four-week winning run, Reuters reported. US gold futures for June delivery fell 0.2% to $4,712.50. Spot silver fell 0.1% to $75.36 per ounce.

Stay tuned to this segment for live updates on Indian stock market today.

Chandan Taparia Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services has recommended three stocks to buy today -

Glenmark Pharmaceuticals | Buy | Target Price: ₹2,475 | Stop Loss: ₹2,265

Glenmark Pharmaceuticals share price has given a rounding bottom breakout along with a fresh ATH closing indicating strong bullish continuation. The stock has formed a Bullish Marubozu candle while RSI is hovering near 70 reflecting strong momentum, Taparia said.

Bharat Dynamics | Buy | Target Price: ₹1,508 | Stop Loss: ₹1,380

Bharat Dynamics share price has given a breakout above its falling trendline resistance and has also surpassed its 200 DEMA hurdle. The RSI oscillator on the daily as well as the weekly charts are hinting at a positive momentum and thus expect an upmove in the stock in the near term.

PB Fintech | Buy | Target Price: ₹1,770 | Stop Loss: ₹1,620

PB Fintech share price is witnessing a strong upside move after a base formation with price pushing above key resistance levels. The rally is backed by rising volumes indicating active buying participation. Momentum indicators are also inching higher, Taparia said.

For day traders, the 50-day SMA (Simple Moving Average) or 24,300 / 78,200 would act as an immediate resistance zone for Nifty 50 / Sensex. Below this level, the correction wave is likely to continue. On the downside, the indices could slip to 24,000 / 77,000. Further downward movement may continue, potentially dragging the index to 23,900 / 76,700. On the upside, a move above 24,300 / 78,200 could lead to a bounce back towards 24,450 – 24,500 / 78,500 - 78,800, said Shrikant Chouhan, Head Equity Research, Kotak Securities.

Tata Capital share price gained over a percent after the company reported Q4 results. The Tata group’s non-banking finance company (NBFC), Tata Capital reported 42.8% YoY growth in its Q4FY26 consolidated net profit to ₹1,502.02 crore, while revenue from operations rose 9% YoY to ₹8,160 crore.

Tata Capital share price was trading 0.43% higher at ₹341.85 apiece on the BSE.

Nifty IT index slipped 3%. Tech Mahindra, Mphasis, Infosys, LTIMindtree and Coforge were the top index losers.

The Indian stock market traded sharply lower on Friday, extending its losing run, as selling intensified. The Sensex crashed over 700 points, while the Nifty 50 slipped below 24,000 level. Bank Nifty also slipped over half a percent. Broader markets succumbed to selling pressure, with the Nifty Smallcap 100 and the Nifty Midcap 100 indices falling over 0.5% each.

Bitcoin prices moved close to the $80,000 mark before easing back below $79,000, with ongoing US–Iran war continuing to drive short-term moves. The recent ~12% monthly rise toward $79,000 shows momentum, although much of the move has been supported by activity in futures markets rather than steady spot buying. At the same time, some short-term investors are taking profits after the rally, which is a normal part of market cycles. The $80,000 level remains important, and if demand continues to build, Bitcoin price could touch $80,000 and gradually attempt another move higher in the near term, said CoinSwitch Markets Desk.

Reliance Industries, IndusInd Bank, Adani Green Energy, Shriram Finance, DCB Bank, Hindustan Zinc, Mahindra & Mahindra Financial Services, L&T Finance, Can Fin Homes, Lodha Developers, Chennai Petroleum Corporation, Mangalore Refinery and Petrochemicals, Supreme Petrochem, Tanla Platforms, and Zensar Technologies will announce their Q4 results today.

HCL Technologies, Infosys, TCS, Sun Pharmaceutical Industries and Titan Company were the top losers in Sensex, while M&M, SBI and Hindustan Unilever were the top index gainers.

Infosys share price declined over 3% after the IT major reported its Q4 results. Infosys shares fell as much as 3.52% to ₹1,198.80 apiece on the BSE.

Infosys Q4 net profit rose 27.8% QoQ to ₹8,501 crore, while revenue increased 2% QoQ to ₹46,402 crore. Dollar revenue declined 1.2% QoQ to $5,040 million. EBIT grew 2.8% QoQ to ₹9,743 crore, while margin improved to 21% from 20.80%, QoQ. Infosys recommended a final dividend of ₹25 per share.

Among sectors, Nifty IT, Nifty Pharma, Nifty Media and Nifty Metals were the top laggards, while gains were seen in Nifty Realty, Nifty PSU Bank, Nifty FMCG and Nifty Auto.

The Indian stock market opened lower on Friday, following mixed global market cues, amid soaring crude oil prices and escalating US-Iran war in the Middle East.

The Sensex opened 180.20 points, or 0.23%, lower at 77,483.80, while the Nifty 50 opened at 24,100.55, down by 72.50 points, or 0.30%.

The Indian rupee opened 11 paise lower at 94.22 per US dollar as against its Thursday’s close of 94.11 level.

The US dollar was on track for its first weekly gain in three weeks. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was little moved at 98.81 and remained on track for a weekly gain of 0.59%, Reuters reported. The euro rose 0.02% to $1.1685, while sterling edged down 0.01% to $1.3466. The yen weakened 0.01% to 159.75 per dollar, its fifth straight day of losses.

Raja Venkatraman is Co-founder of NeoTrader, and stock research platform MarketSmith India, recommended buying these five shares - Praj Industries Ltd, Mankind Pharma Ltd, Computer Age Management Services Ltd, Sai Life Sciences Ltd, and Garware Hi-Tech Films Ltd.

Vaishali Parekh recommended these three intraday stocks to buy or sell: Jio Financial Services, NOCIL, and Colgate Palmolive (India).

1] Jio Financial Service: Buy at ₹248.60, Target ₹262, Stop Loss ₹242

2] NOCIL: Buy at ₹182.60, Target ₹192, Stop Loss ₹178

3] COLPAL: Buy at ₹2,150, Target ₹2,250, Stop Loss ₹2,105

Amid ongoing tensions in US-Iran, Sumeet Bagadia recommends five breakout stocks to buy on Friday, April 24: Sai Life Sciences, Black Box, Nocil, Privi Speciality Chemicals, and Granules India.

1] Sai Life Sciences: Buy at ₹1,041, Target ₹1,111, Stop Loss ₹1,000

2] Black Box: Buy at ₹548, Target ₹585, Stop Loss ₹525

3] Nocil: Buy at ₹182.5, Target ₹195, Stop Loss ₹174

4] Privi Speciality Chemicals: Buy at ₹3,250, Target ₹3,450, Stop Loss ₹3,115

5] Granules India: Buy at ₹686, Target ₹725, Stop Loss ₹665

Crude oil prices rose over fears of renewed military escalation in the Middle East. Brent crude futures rallied 0.85% to $105.96 a barrel, while West Texas Intermediate futures gained 0.8% to $96.62.

US stock market ended lower on Thursday on signs of escalation of war in the Middle East, while investors parsed mixed corporate earnings.

The Dow Jones Industrial Average fell 180.70 points, or 0.37%, to 49,309.33, while the S&P 500 declined 29.60 points, or 0.41%, to 7,108.30. The Nasdaq Composite closed 219.06 points, or 0.89%, lower at 24,438.50.

Sensex is forming a continuation of the correction on intraday charts, and on daily charts, a bearish candle has been formed, which is largely negative. Nifty 50 index formed a bearish candlestick pattern signalling consolidation with corrective bias for the second session in a row after recent strong up move.

A small negative candle was formed on the daily chart with minor upper shadow. The opening downside gap of Thursday remains unfilled. Technically, this market action indicates a short-term reversal pattern after a hefty upmove from the lows in the last couple of weeks. The bullish pattern like higher tops and bottoms is intact on the daily chart and present weakness could possibly open a new higher bottom of the pattern,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

According to him, the short-term trend of Nifty 50 remains subdued, but the overall near-term pattern remains positive.

“Present weakness is likely to find support around 24,000 - 23,900 levels before bouncing back. Immediate resistance is placed at 24,400,” said Shetti.Ankit Gohel is the Deputy Chief Content Producer at Livemint, specialising in financial markets, macroeconomics, and regulatory developments. With a strong focus on equity markets, primary issuances, and policy-driven market movements, he brings clarity to complex financial developments for investors and market participants.

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