The Indian stock market faced downward pressure, with the Nifty 50 and Sensex closing at 23,897.95 and 76,664.21, respectively, marking declines of 1.87% and 2.33%. This drop follows two weeks of gains and is attributed to rising geopolitical tensions and lackluster earnings from major IT firms. Analysts predict continued volatility, particularly with the upcoming US Federal Reserve meeting on April 28-29, where interest rates are expected to remain unchanged at 3.5% to 3.75%. Additionally, the ongoing US-Iran conflict and its implications for crude oil prices are critical factors. Brent crude futures settled at $105.33 per barrel, while US West Texas Intermediate futures closed at $94.40 per barrel. The earnings season is also in focus, with over 200 companies set to report their financial results, including industry leaders like Maruti Suzuki and Hindustan Unilever. Foreign institutional investors (FIIs) were net sellers of Indian equities worth ₹8,828 crore on April 24, marking their largest outflow since early April, while domestic institutional investors (DIIs) remained net buyers, purchasing shares worth ₹4,701 crore.