India’s share market indices, Sensex and Nifty50, ended the day’s trade in red on Thursday, April 24, 2025. The Sensex (index with top 30 firms) tumbled 315.06 points to close at 79,801.43 on Thursday. Meanwhile, Nifty50 (index with top 50 firms) was down 82.25 points to close at 24,246.70 points.
Sensex and Nifty50, opened in red on Thursday. The Sensex tumbled 134.31 points to open at 79,982.18 points on Thursday. Meanwhile, Nifty50 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 at least 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.
Investors also eyed on a slew of fourth-quarter earnings scheduled for the day. Major companies announced their financial performance for the quarter ended March.
ALSO READ: Share Market Today: Sensex And Nifty Open In Red As India Takes Diplomatic Measures Against Pakistan
What Else?
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,” said Bagga, adding, “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.”
