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Sensex and Nifty End 7-Day Rally with Losses as Profit-Taking Sets In

Indian equity markets saw a pullback on April 24, with Sensex dropping 315 points and Nifty losing 82 points, driven by sectoral shifts and increased volatility.

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Overview

  • The S&P BSE Sensex closed at 79,801.43, down 315.06 points, while the NSE Nifty50 settled at 24,246.70, declining by 82.25 points.
  • The decline marks the end of a seven-day rally during which Sensex and Nifty gained over 8% on strong foreign inflows and positive economic cues.
  • Hindustan Unilever led the laggards, falling around 4% following its Q4 results, while IndusInd Bank emerged as the top gainer with a nearly 3% rise.
  • India VIX, the volatility index, climbed by 1.81%, highlighting heightened market uncertainty as investors shifted focus to stock-specific opportunities.
  • Muted trends in Asian markets and buoyant US market performance influenced trading sentiment, with sectoral divergence noted across FMCG, banking, and metals.