India’s share market indices, Sensex and Nifty50, opened in red on Thursday, April 24, 2025. The Sensex (index with top 30 firms) tumbled 134.31 points to open at 79,982.18 points on Thursday. Meanwhile, Nifty50 (index with top 50 firms) opened 51.05 lower at 24,277.90 points.
The Indian share market witnessed the decline as geopolitical tensions weighed on investor sentiment. This comes after India took diplomatic measures against Pakistan in response to the recent terror attack in Pahalgam in which 26 people were killed.
Market experts noted that while the underlying fundamentals of the Indian economy remain strong and foreign portfolio investment (FPI) inflows continue, the escalating tension with Pakistan may pose a risk to capital inflows in the near term.
Among the sectoral indices, Nifty PSU Bank, Nifty Media, and Nifty Auto opened in the red. On the other hand, Nifty FMCG, Nifty IT, and Nifty Pharma started the session in the green, indicating selective buying across defensive and technology-driven sectors.
Investors are also eyeing a slew of fourth-quarter earnings scheduled for the day. Major companies including Hindustan Unilever, Axis Bank, Nestle India, SBI Life Insurance Company, Tech Mahindra, Macrotech Developers, Adani Energy Solutions, SBI Cards & Payment Services, Persistent Systems, MphasiS, and LT Technology Services are set to announce their financial performance for the quarter ended March.
Meanwhile, the broader Asian markets presented a mixed picture. Japan’s Nikkei 225 index surged over 1 per cent, while Singapore’s Straits Times remained flat but in the green, gaining 0.13%. Taiwan’s Taiwan Weighted declined by 0.62%, South Korea’s KOSPI dropped by 0.45%, and Hong Kong’s Hang Seng Index was down by 1.51%.
What Else For Share Market?
Ajay Bagga Banking and Market Expert told ANI, “Global cues are positive, FPI inflows are positive, earnings in pockets are positive, and the Indian market breadth has turned decidedly positive. The overhang remains for the next 10 days to 15 days, the time it took in the previous two instances from the terrorist strike to the retaliatory Uri and Balakot strikes. Diplomatic measures have been announced and the Indus Water Treaty related measures, though significant, will require major infrastructure execution to make an impact on the ground.”
Akshay Chinchalkar, Head of Research, Axis Securities said, “The nifty rose for the seventh day yesterday, for the first time in a month. The intraday recovery saw the day end with a “hanging man” candle alongside Tuesday’s “doji” which means the rally may stall somewhat as indecision seeps in. 24120 is immediate support while immediate resistance sits at 24500. We are inside an important time cluster now, so a volatility pickup may be seen over the next two sessions.”
