Stock Market Crash Today:
After opening on a positive note, the Indian stock market witnessed a sharp decline. The Sensex plunged over 1100 points, while the Nifty lost more than 350 points, falling below the 24,000 mark. Due to this heavy fall, investors saw their wealth erode by ₹10.72 lakh crore.
Heavy Fall in Small-cap and Mid-cap Stocks
In the midst of a broad market sell-off, small-cap and mid-cap indices also took a major hit. The Small-cap index dropped by 1765 points and the Mid-cap index by 1424 points. Major sectors like banking, realty, power, oil & gas, and telecom witnessed strong selling, pushing sectoral indices down by over 2%.
Top Losers in the Sensex Pack:
| Stock | Last Price | % Fall |
|---|---|---|
| Axis Bank | ₹1149.05 | -4.82% |
| Adani Ports | ₹1186.55 | -4.06% |
| Bajaj Finserv | ₹2028.75 | -3.64% |
| Power Grid | ₹304.15 | -3.23% |
| NTPC | ₹352.50 | -2.91% |
Only 464 Stocks in Green on BSE
Following the terrorist attack in Pahalgam, all eyes are on the Indian government’s response. This uncertainty has led investors to adopt a wait-and-watch approach. Out of 3877 traded stocks on BSE, only 464 saw gains, while 3282 declined. 329 stocks hit their lower circuit limits.
Impact of Monthly Expiry
The upcoming F&O expiry on April 28, 2025, has also led to market volatility. Investors are currently settling their positions ahead of expiry, leading to widespread profit-booking and a pause in fresh buying. This has intensified the overall selling pressure in the market.
Foreign Investors Increasing Investments
Despite domestic volatility, foreign investors have shown increased interest due to positive global cues and hopes of a bilateral trade agreement between India and the U.S. Over the last seven days, Foreign Institutional Investors (FIIs) have bought ₹29,513 crore worth of Indian equities. Global markets have also shown signs of recovery, while locally, reports suggest GDP and inflation remain under control.