Market Close: Sensex slumps 1,000 points, Nifty ends below 23,900 on escalating West Asia tensions | Markets News

Stock Market LIVE Updates: Nifty opened with a gap down for the second consecutive session and continued to drift lower through the day, with sellers firmly in control. The index eventually closed at 23,898, down 1.14 per cent. Notably, this marks the first instance in April where Nifty has declined by more than 1 per cent in a single session.

Technically, Nifty has slipped below its key short-term moving average, the 20-day EMA, which had previously acted as strong support on April 13. The index has also filled the 238-point gap formed between April 13–15, 2026. Momentum indicators are showing signs of fatigue, with the RSI witnessing a sharp drop from the 60 zone, suggesting a pause in bullish momentum.

View by: Sudeep Shah, head – technical and derivatives research at SBI Securities

Stock Market LIVE Updates: The Indian equity market extended its profit-booking streak, pressured by heightening geopolitical tensions in West Asia, a sharp rally in crude oil prices, and a weakening rupee. IT stocks led the decline following disappointing quarterly earnings, while selling pressure was broad-based across sectors. FIIs returned to net selling again after a brief spell of inflows. Sentiment was further dented by global rating agencies downgrading India on inflation and macro concerns, along with the RBI flagging early signs of slowing growth. While valuations have corrected, investors are expected to closely monitor the ongoing results for any potential earnings downgrade, given the wobbling geopolitical uncertainties.

View by: Vinod Nair, head of research, Geojit Investments

Stock Market LIVE Updates: India VIX, the fear gauge index, spiked 6 per cent to 19.7, indicating a rise in market volatility and growing caution among investors. 

Stock Market LIVE Updates: In the broader, both the Nifty Midcap 100 and Nifty Smallcap 100 indices settled lower, down 0.9 per cent and 0.8 per cent, respectively. 

 

Stock Market LIVE Updates: On the sectoral front, all the indices closed in the red. The Nifty IT was the worst hit as it crashed more than 5 per cent.

 

Stock Market LIVE Updates: From the 30-share Sensex pack, only five counter closed in the green — Trent, Bajaj Finance, SBI, HDFC Bank and Kotak Mahindra Bank. Infosys was the top loser as it lost 7 per cent.

 

Stock Market LIVE Updates: The Nifty 50 index closed below 24,000 mark. The 50-share pack cracked 275.10 points, or 1.14 per cent, to settle at 23,898.95. 

 

Stock Market LIVE Updates: The BSE Sensex fell 999.79 points, or 1.29 per cent, to close at 76,664.21 as escalating US–Iran tensions and a sharp rise in crude oil prices kept sentiment fragile.