Indian Stock Market Opens Lower Amid Mixed Global Sentiment
Barometers nudge lower; breadth positive
Business Standard
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Indian equity benchmarks opened with modest losses, with the Nifty 50 index slipping to 24,024.50. Despite losses in realty and financial sectors, the market breadth remained positive, with 1,687 shares rising. Foreign portfolio investors sold shares worth ₹8,047.86 crore on April 30, 2026.
- 01Nifty 50 index fell to 24,024.50, down 0.39%.
- 02Market breadth was positive with 1,687 shares gaining.
- 03Foreign portfolio investors sold shares worth ₹8,047.86 crore.
- 04Wockhardt's stock surged 10.23% after reporting a profit.
- 05Global markets reacted negatively to tensions in the Strait of Hormuz.
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The Indian stock market opened lower on April 30, 2026, with the Nifty 50 index declining by 94.80 points or 0.39%, settling at 24,024.50. The S&P BSE Sensex also fell, down 301.49 points or 0.38% to 76,967.51. Losses were primarily driven by sectors such as realty, financial services, and private banks. However, the market breadth was positive, with 1,687 shares rising compared to 1,411 shares that fell. Notably, Wockhardt's stock surged 10.23% following a strong quarterly profit report. Foreign portfolio investors sold shares worth ₹8,047.86 crore, while domestic institutional investors purchased shares worth ₹3,487.10 crore. In global markets, heightened tensions in the Strait of Hormuz affected investor sentiment, leading to declines in U.S. stocks, with the Dow Jones Industrial Average dropping 557.37 points.
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The decline in the stock market may affect investor confidence and could lead to fluctuations in stock prices, impacting individual investors and their portfolios.
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