Stocks to trade: Raja Venkatraman recommends 3 stocks for 27 April
Subscribe to enjoy similar stories.Stock market recap: The Indian stock market selloff extended to the third straight session on Friday, 24 April, with the benchmarks — the Sensex and the Nifty 50 — crashing by over 1% each.The 30-share pack tumbled 1,000 points, or 1.29%, to end at 76,664, while the Nifty 50 plunged by 275 points, or 1.14%, to close at 23,898. The Nifty Midcap 100 index fell 0.96%, while the Smallcap 100 index dropped 0.87%.VTL (Cmp ₹590.05) POLYPLEX (Cmp ₹889.65) On 24 April 2026, Indian equity markets witnessed a sharp sell-off, with benchmarks tumbling under heavy pressure from global and domestic headwinds.
The Sensex plunged nearly 1,000 points to close at 76,664, while the Nifty slipped below the 24,000 mark, ending at 23,897, down 275 points. The rout was led by IT stocks, as Infosys crashed over 7%, dragging peers HCL Tech, TCS, and Tech Mahindra lower.Weakness also spread to financials and defensives, with ICICI Bank, Asian Paints, and Sun Pharma among notable laggards.
However, select counters such as Trent, Bajaj Finance, SBI, HDFC Bank, and Kotak Mahindra Bank managed to buck the trend. Investor sentiment was rattled by escalating West Asia tensions, a weakening rupee at 94.23 against the dollar, and rising crude prices, with Brent climbing above $107 per barrel.
Foreign institutional investors added to the pressure, offloading equities worth ₹3,254 crore, deepening the market’s decline. On Friday, we witnessed sharp profit-taking as Nifty Futures rushed to fill the gap; however, the trend remained fickle, as the buyerless market witnessed long liquidation.
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