Indian Markets Experience Volatility as Nifty Falls Below 24,350 Amid Profit Booking
Markets erase early gains; Nifty slides below 24,350 mark
Business Standard
Image: Business Standard
Indian equity markets faced a downturn on Thursday, with the Nifty 50 index slipping below the 24,350 mark due to profit booking in major stocks. The S&P BSE Sensex also declined, reflecting investor sentiment amid volatility ahead of the weekly derivatives expiry.
- 01Nifty 50 index fell 25.60 points to 24,306.40.
- 02S&P BSE Sensex lost 223.29 points, reaching 77,735.13.
- 03Consumer durables stocks declined after a previous session's gain.
- 04Bajaj Auto reported a 34% increase in net profit for Q4 FY26.
- 05Global markets rallied, with Japan's Nikkei 225 reaching a milestone.
Advertisement
In-Article Ad
On Thursday, Indian equity benchmarks experienced a decline as profit booking in major stocks impacted investor sentiment. The Nifty 50 index fell 25.60 points to close at 24,306.40, slipping below the 24,350 mark. The S&P BSE Sensex also decreased by 223.29 points, settling at 77,735.13. Consumer durables stocks faced a downturn, with the Nifty Consumer Durables index dropping 0.83%. In contrast, the broader market showed resilience, with the BSE 150 MidCap Index rising 0.40% and the BSE 250 SmallCap Index gaining 0.75%. Notable performers included Bajaj Auto, which reported a 34% increase in consolidated net profit for Q4 FY26, while stocks like IIFL Capital Services and CG Power saw significant gains. Internationally, Asian markets rallied, with Japan's Nikkei 225 hitting 62,000 for the first time, amid easing tensions in the Middle East. The U.S. markets also closed at record highs, reflecting positive investor sentiment.
Advertisement
In-Article Ad
The decline in the Nifty and Sensex may affect investor confidence and trading strategies, particularly in consumer durables and heavyweight stocks.
Advertisement
In-Article Ad
Reader Poll
Do you think the Indian markets will recover in the next week?
Connecting to poll...
Read the original article
Visit the source for the complete story.



