On April 24, 2026, Indian stock markets continued their downward trend, with the Nifty 50 index closing at 24,173, down 205 points, and the BSE Sensex dropping 852 points to 77,664. The Bank Nifty also faced a significant decline, finishing at 56,305, as selling pressure impacted banking and auto sectors, particularly Union Bank of India, which suffered due to weak core income and increased provisions. Despite the overall market weakness, the pharmaceutical sector saw some defensive buying, with Dr. Reddy's Laboratories performing well due to expectations of regulatory progress. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, noted that the Nifty 50 is facing resistance around 24,500 and has strong support at 23,900. She anticipates further downward movement unless the index decisively breaches the 24,300-24,400 range. Parekh also provided stock recommendations, advising to buy Jio Financial Services at ₹248.60 with a target of ₹262, NOCIL at ₹182.60 with a target of ₹192, and COLPAL at ₹2150 with a target of ₹2250.