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Market Carnage: Nifty Slides to 23,898 as IT Sector Bleeds and Oil Hits $107
Infosys Crash and Hormuz "Shoot-to-Kill" Order Shatter Market Sentiment; Investors Lose ₹4 Lakh Crore in Single Day
The Indian equity markets faced their worst single-day rout in over a month on Friday, April 24, 2026. The NSE Nifty 50 plummeted 275.10 points (1.14%) to close at 23,897.95, while the BSE Sensex crashed 982.71 points (1.27%) to end at 76,681.29.
The day was defined by a double-whammy of a 5.3% crash in IT stocks and escalating naval tensions in the Middle East. With the India VIX jumping over 6% to 19.71, the "fear factor" has returned to Dalal Street, wiping out all gains made earlier in the week.
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