Indian Stock Market Update: Nifty 50 Declines Amid Global Tensions; Key Stocks to Watch
Stock market today: Gift Nifty up; US-Iran news, Reliance Q4 results to gold, silver rates — 8 stocks to buy or sell
Mint
Image: Mint
On April 24, 2026, the Indian stock market faced declines, with the Nifty 50 dropping 205 points to close at 24,173 due to global uncertainties, particularly around the Strait of Hormuz. Analysts expect a potential trend reversal, with key stocks like Reliance Industries set to report earnings that could influence market sentiment.
- 01Nifty 50 index fell by 205 points to close at 24,173.
- 02BSE Sensex dropped 852 points, ending at 77,664.
- 03Bank Nifty index decreased by 819 points, finishing at 56,305.
- 04Expectations of a trend reversal signal potential gains in the upcoming session.
- 05Key stocks to watch include Reliance Industries, IndusInd Bank, and others due to earnings announcements.
Advertisement
In-Article Ad
On April 24, 2026, the Indian stock market continued its downward trend, with the Nifty 50 index falling 205 points to close at 24,173. The BSE Sensex experienced a significant drop of 852 points, ending at 77,664, while the Bank Nifty index nosedived 819 points to finish at 56,305. The decline was primarily driven by concerns over global tensions, especially regarding the Strait of Hormuz, which has affected market sentiment. Analysts are observing a potential trend reversal as the Gift Nifty indicates a positive start for the following day, with expectations of the Nifty opening around 24,200 to 24,225. Key stocks such as Reliance Industries, which is set to announce its Q4 results, are anticipated to influence market dynamics significantly. Additionally, volatility indicators suggest that the market may experience fluctuations, with the India VIX currently elevated near 18.6. Market experts have recommended several stocks for intraday trading, including AU Small Finance Bank and Tata Communications, among others, with specific buy targets and stop-loss levels outlined.
Advertisement
In-Article Ad
The decline in the stock market may affect investor sentiment and trading strategies, particularly for those holding positions in banking and auto sectors.
Advertisement
In-Article Ad
Reader Poll
How do you feel about investing in the stock market amid current global tensions?
Connecting to poll...
Read the original article
Visit the source for the complete story.


