The Indian stock markets suffered on April 24, 2025, as profit-booking set in around heavyweight stocks, ending a seven-day gain. The BSE Sensex slid 315 points to stand at 79,801. The NSE Nifty 50 fell by 82 points to...the level of 24,246. After days of continuous rally amid earnings announcements in the happening week and some global cues, there was a marked apprehension in market sentiment.
Profit Booking in Heavyweights
Biggest losers: Heavy selling in blue-chip counters dragged the indices down: ICICI Bank, Bharti Airtel, and Reliance Industries. Profit booking is bound to take place after a huge up-move, say analysts.
Sectoral Trends
On the downside, Realty and FMCG saw among the hardest hits downward sector indices, easing down over 1% each. The advancements in Tata Steel and Hindalco provided some respite to the Nifty Metal index.
To the contrary, mid-focused strategies seem to have performed well, and small-cap stocks also have risen. The BSE MidCap and SmallCap indices increased by 0.92% and 0.79%, respectively, illustrating the continued infusion of retail interest into stocks not represented on the indices.
Impacts of Global Markets
A somewhat mixed bag so far as global markets are concerned. US indices continued their steep rising trend while Asian and European markets remained rather comatose. The entire world is waiting for macroeconomic signals, especially inflation statistics and interest rate outlooks from major economies.
Market Outlook
Market analysts think that the current drop is a healthy breather for the markets." It was expected such that after a strong rally, there would be some small correction. That's a good opportunity for long-term investors to accumulate quality stocks," said an equity strategist from a leading brokerage house.
The future course of direction for the markets would depend on corporate earnings results and important macroeconomic statistic announcement. Meanwhile, traders are also glancing at crude oil as well as foreign institutional investor (FII) flow into the country.
Top Gainers and Losers
Among the Nifty 50 were Tata Steel, Hindalco as well as JSW Steel gainers, whereas ICICI Bank, Bharti Airtel and Reliance Industries topped the list of losers. In the near term, volatility is bound to remain very high as markets react to earnings and global triggers.
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