Home » Market Spotlight » What happened in the Indian stock market today (26th Apr 2024)?

What happened in the Indian stock market today (26th Apr 2024)?

Today Stock Market News (26-Apr-2024)

On 26th Apr 2024,  Indian equity indices closed lower after a volatile session, snapping a five-day gaining streak as Nifty dropped below 22,400.

The Sensex concluded at 73,730.16, down by 609.28 points or 0.82%, while the Nifty closed at 22,420, marking a decline of 150.30 points or 0.67%.

Despite the setback, the BSE Sensex recorded a 0.9% rise, and the Nifty50 added 1.2% over the week.

The market started positively but later reversed gains, influenced by concerns over elevated valuations and lacklustre March quarter earnings. Mixed global cues and ongoing geopolitical tensions contributed to the cautious sentiment in the market, overshadowing early gains and leading to a negative close for the day.

You may also like: Tata Consumer results: Profit misses estimates, revenue grows

Impact on the stock market

Nifty Bank, Infra, and Auto witnessed the most significant losses during the trading session.

Notable gainers included Nifty Consumer Durables (up 1.72%) and Media (up 1.18%), while Nifty Bank (down 0.61%), Financial Services (down 0.89%), Private Bank (down 0.45%), and PSU Bank (down 0.31%) ended among the losers.

Information Technology+0.33%
Oil & Gas+0.37%
PSU Banks-0.31%

Top gainers today

CompanyPriceChange (%)
Tech Mahindra 1,278.75+7.43
Divis Labs 4,016.35+4.49
LTIMindtree 4,788.05+3.31
Bajaj Auto 8,974.30+2.74
BPCL 609.45+1.00

Top losers today

CompanyPriceChange (%)
Bajaj Finance 6,731.20-7.73
Bajaj Finserv 1,597.35-3.52
Bajaj Finserv 1,597.35-3.52
IndusInd Bank 1,446.40-3.32
Nestle 2,482.75-3.12

Market aftermath: Impact on stocks

L&T Technology Services faces 9% slump after Q4 results

L&T Technology Services saw its shares drop over 9% on April 25 as the IT firm projected a 100 basis points (bps) decrease in its FY25 EBIT margin to invest in future growth capabilities.

Despite reporting positive results for the March quarter, the company’s moderate revenue guidance and margin concerns contributed to the decline in share price.

L&T Tech reported a modest 0.2% increase in net profit at ₹340 crore due to slower revenue growth and margin compression. Revenue grew by 5% to ₹ 2,537.5 crore.

Also Read: IndiGo: Dominating the skies and soaring high

IndiGo hits 52-week high on Airbus aircraft order

Interglobe Aviation, the parent company of IndiGo Airlines, witnessed a more than 4% surge in its shares, reaching a new 52-week high of ₹3,598. The spike followed the announcement of an order for 30 Firm A350-900 aircraft from Airbus, aimed at expanding IndiGo’s network.

With a current fleet exceeding 350 aircraft, IndiGo is on a growth trajectory. In June 2023, the airline made headlines by placing the largest single aircraft order in industry history, securing 500 aircraft from Airbus, including models like the A320NEO, A321NEO, and A321XLR.

Kirloskar Pneumatic stock hits record high after stellar Q4 results;

Kirloskar Pneumatic’s stock soared 18% on April 26, marking a fresh all-time high at ₹1,076.7 for the second consecutive day, following a stellar performance in Q4FY24.

The company reported a remarkable 86.82% increase in net profit, reaching ₹ 60.23 crore in the quarter ended March 2024, compared to ₹32.24 crore in the same period last year. Revenue from operations also surged by 36.26% to ₹ 489.96 crore.

Management attributed the robust performance to strong demand for the company’s products, evidenced by new order bookings reaching a record high of ₹1,770 crore for the year, nearly ₹500 crore higher than the previous year.

Also Read: Beauty and the e-commerce beast: The Nykaa vs. Mamaearth showdown

Oil prices surge on reassuring US statements

Oil prices rose in early trade after the U.S. Treasury secretary’s comments reassured investors about the country’s economic strength despite weak first-quarter data. Concerns over Middle East conflicts also supported the price surge.

WTI crude prices are at $83.92, up by 0.19%, while Brent crude prices are at $89.33, up by 0.25%, on Friday morning. Brent crude futures climbed by 34 cents (0.38%) to $89.35 a barrel, while U.S. West Texas Intermediate crude futures rose by 33 cents (0.39%) to $83.90 a barrel.


In today’s market roundup for April 26, 2024, the Indian stock market witnessed a shift in momentum, with Nifty and Sensex closing lower after a volatile session, marking an end to a five-day gaining streak.

However, individual stocks showcased mixed performances. L&T Technology Services faced a 9% slump after reporting Q4 results, citing a decrease in FY25 EBIT margin projections. Conversely, IndiGo’s shares surged to a 52-week high following an aircraft order with Airbus, while Kirloskar Pneumatic’s stock soared to a record high after reporting stellar Q4 results, demonstrating robust growth in net profit and revenue. 

Amidst market fluctuations, oil prices surged on reassuring statements from U.S. officials

Stay updated with StockGro for further insights and developments in the market.

Enjoyed reading this? Share it with your friends.

Hunny Meghani

A curious mind, a love for writing, and a passion for all things finance - that's me in a nutshell. Whether I'm exploring the latest stock market trends or diving into the nitty-gritty of personal finance, marketing, and AI. I'm always on the hunt for the next big story.

Post navigation

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *