On April 24, Indian equity markets faced a significant downturn, with the Nifty 50 index plunging 321 points (1.31%) to 23,851.35, while the BSE Sensex fell 1,113 points (1.44%) to 76,533.76. The selloff was broad-based, affecting large-cap, mid-cap, and small-cap stocks, indicating widespread risk aversion among investors. The technology sector was particularly hard hit, with the Nifty IT index crashing 5.19% due to disappointing earnings guidance from major companies like Infosys and Tata Consultancy Services. Foreign institutional investors continued to sell off shares, contributing to a net outflow of over ₹3,200 crore for the fourth consecutive session. Additionally, rising crude oil prices, which hovered near $106 per barrel, added to market concerns amid geopolitical tensions, particularly in the Middle East. Analysts noted that the combination of these factors has led to heightened volatility, with the India VIX rising 4.90% to 19.50, reflecting increased nervousness among traders. Despite the overall market decline, banking stocks showed relative resilience, with the Nifty Bank index slipping only 0.66%.