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Market Crash: Nifty Slips Below 24,000, Sensex Sheds Nearly 1,000 Points; Axis Bank Leads Declines

Date: 25-apr-2025 | By: Nuztrend Team

Market Crash: Nifty Slips Below 24,000, Sensex Sheds Nearly 1,000 Points; Axis Bank Leads Declines

Nifty 50 at 11:30 AM

Indian equity markets witnessed a sharp sell-off on Friday, April 25, 2025, as mounting geopolitical concerns and weak banking earnings triggered a broad-based correction. The benchmark Nifty 50 index slipped below the critical 24,000 mark, while the BSE Sensex plunged nearly 1,000 points in intraday trade.

At 11:25 AM IST, the Sensex was down by 1,009.44 points (1.26%) at 78,791.99, and the Nifty 50 had fallen 340.25 points (1.40%) to 23,906.45. The steep fall came after heightened tensions in Jammu and Kashmir and broader profit-booking across sectors following a strong market rally earlier in the week.

Axis Bank Emerges as Top Loser

Axis Bank led the pack of losers, sliding 4.79% to ₹1,149.30, after investor concerns grew over asset quality pressures highlighted in its recent Q4 earnings report. The stock's decline weighed heavily on both the Nifty Bank and overall indices.

Other notable laggards included HDFC Bank, ICICI Bank, Infosys, and Tech Mahindra, all contributing to the day's market weakness. The Nifty Bank index was down over 2% at mid-day.

Broad-Based Selling Across Sectors

The sell-off wasn’t limited to large caps. The Nifty Midcap 100 and Nifty Smallcap 100 indices dropped by 2% and 3% respectively, indicating widespread investor risk aversion.

All 13 sectoral indices traded in the red, with banking, financials, and IT stocks witnessing the steepest declines. Realty and metal stocks also came under pressure, reversing recent gains.

Geopolitical Pressures Mount

Market sentiment was further dampened by news of increased cross-border tensions following the Pahalgam terror attack in Jammu & Kashmir, which claimed 26 lives earlier this week. The Indian government's retaliatory measures and potential escalation in the region added a layer of uncertainty to already cautious investor sentiment.

Market Outlook

Analysts suggest that today’s correction is a reaction to both external geopolitical stress and overbought technical conditions. “We are witnessing a healthy correction after a strong rally. However, the geopolitical factor has amplified selling,” said a senior strategist at Kotak Securities.

With key earnings reports and global cues expected next week, volatility is likely to remain high. Investors are advised to maintain caution and avoid aggressive positions until stability returns.

Disclaimer: This article is based on publicly available information from various online sources. We do not claim absolute accuracy or completeness. Readers are advised to cross-check facts independently before forming conclusions.

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