Sensex down 600 points, trading at 77,000: Nifty down 150 points, at 24000; Highest selling in IT shares

Sensex down 600 points, trading at 77,000: Nifty down 150 points, at 24000; Highest selling in IT shares




Today i.e. Friday, April 24, the Sensex is trading at 77,000 with a decline of 600 points (0.80%). Nifty has also fallen by 150 points (0.60%), it has reached the level of 24,000. In today’s business, there is maximum buying in realty, while there is maximum selling in IT shares. Market fell due to increasing tension between America and Iran. US President Donald Trump has extended the ceasefire deadline of April 22, but the tension is not over yet. The US Navy continues its siege of Iranian ports, while Iran has captured two ships in the Strait of Hormuz. The previous round of talks between the two countries could not reach any agreement, after which it was expected that a second round of talks would be held in Pakistan. However, now investors do not expect any such talks. Vice President JD Vance’s visit to Islamabad has also been postponed. Mixed business in Asian markets. American market is declining on April 23. Foreign investors sold shares worth Rs. 3200 crores on April 23. This month, foreign investors sold shares worth Rs. 47 thousand crores. Crude oil is trading beyond 100 dollars. Prices of Brent crude oil have crossed 100 dollars per barrel. There has been strong demand for oil in the market and increased concern about the ‘Strait of Hormuz’ due to which this rise has occurred. Hormuz is considered the most important route for oil supply. A day earlier, the Sensex had fallen by 852 points and closed at 77,664. On April 23, the Sensex had fallen by 852 points (1.09%) and closed at 77,664. Nifty also declined by 205 points (0.84%), it came to 24,173. There was buying in pharma and media stocks in yesterday’s trade, while there was maximum selling in auto.



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