Indian stock markets had a weak day on April 30, with heavy selling dragging both key indices lower. The Sensex fell over 1,100 points at one stage, while the Nifty slipped below the 24,000 mark, reflecting nervousness among investors.
Markets opened on a negative note and remained under pressure through most of the session. Although there was a slight recovery later in the day, it wasn’t enough to erase the earlier losses.
One of the main reasons behind the fall was rising global uncertainty. Concerns around tensions involving the United States and Iran pushed crude oil prices higher. This worried investors, as higher oil prices can increase inflation and impact economic growth.
Most sectors saw declines, including banking, metals, and real estate. The broad-based fall showed that investors were cautious across the board rather than focusing on specific stocks.
Despite the overall weakness, a few stocks managed to hold their ground. Bajaj Finance and ONGC were among the gainers, attracting buying interest during the session. Some defensive stocks also showed resilience.
Foreign investors also continued to pull money out of Indian markets, adding to the selling pressure. At the same time, the rupee weakened against the US dollar, which further affected sentiment.
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