The Nifty 50 ended at 23,995.70 on April 30, down 97 points or 0.4%, as a sharp mid-session selloff erased morning gains. The Sensex tumbled over 500 points before paring losses into the close. Broader markets underperformed, with the Nifty Midcap 100 index sliding 1.4%.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 23,995.70 | -97.00 | -0.40% |
| Sensex | 76,500 (approx) | -500+ (approx) | — |
The Indian market opened firm, with the Nifty 50 hitting an intraday high of 24,181.80 in early trade before reversing sharply. The index fell to a session low of 23,957.05 as selling pressure intensified across sectors during the mid-session.
Sectoral Action and Stock Movers
Market data showed selective strength in IT and pharma counters. Infosys closed at ₹1,167.50, trading in a range of ₹1,159.60 to ₹1,189.80. Sun Pharma ended at ₹1,778.70, up from its intraday low of ₹1,761.40, after touching ₹1,807.80 earlier in the session.
Among active stocks, HDFC Bank finished at ₹776.40, down 0.33%, while Bajaj Finance gained 1.02% to close at ₹939.50. Reliance Industries added 0.41% to end at ₹1,431.20. Eternal led the most active list, falling 2.41% to ₹247.92.
Waaree Energies emerged as a top gainer at ₹3,107.20, while Roadstar Infra and Emmvee Photovoltaic also featured among outperformers. On the downside, heavyweights including Tata Power (₹443.50), Larsen & Toubro (₹4,024.70), TVS Motor (₹3,492.80), and Hindalco (₹1,049.00) closed flat or lower.
FII and DII Activity
Domestic institutional investors remained net buyers with inflows of ₹4,607.04 crore on April 24, purchasing ₹20,346.06 crore worth of equities and selling ₹15,739.02 crore. Foreign portfolio investors recorded net outflows of ₹8,477.60 crore, selling ₹17,932.55 crore against purchases of ₹9,454.95 crore on the same date.
GIFT NIFTY Session Snapshot
GIFT NIFTY opened Session I at 24,151.5 and climbed to an intraday high of 24,200.0 during morning trade before sharp selling pulled the contract down to a low of 23,821.5 around midday. The derivative index staged a gradual recovery through the afternoon, ending at 24,128.5, up 18.5 points or 0.08% from the previous close of 24,110.0.
| Metric | Level |
|---|---|
| Open | 24,151.5 |
| High | 24,200.0 |
| Low | 23,821.5 |
| LTP | 24,128.5 |
| Change | +18.5 (+0.08%) |
The 378.5-point intraday range reflected heightened volatility as GIFT NIFTY mirrored the cash market's sharp reversal from early highs.
Outlook for Session II
GIFT NIFTY heads into the evening session at 24,128.5, trading marginally above its previous close as global cues and overnight developments in Asia will dictate the next directional move.