Stock market today (April 30, 2026): Sensex drops 583 points, Nifty slips below 24,000; check top gainers and losers list?

Benchmark equity indices Sensex and Nifty closed nearly 1 per cent lower on Thursday as elevated crude oil prices, weak global cues and continued foreign fund outflows hurt investor sentiment.The 30-share BSE Sensex fell 582.86 points, or 0.75 per cent, to settle at 76,913.50. During the session, it plunged as much as 1,237.5 points, or 1.59 per cent, to touch 76,258.86 before recovering part of the losses in the second half.The NSE Nifty50 declined 180.10 points, or 0.74 per cent, to close at 23,997.55, slipping below the key 24,000 mark, PTI reported.

Nifty50 top gainers

Nifty50 top losers

BSE Sensex top gainers

BSE Sensex top losers

Why did markets fall today?

Rising geopolitical tensions in West Asia and a spike in crude oil prices weighed heavily on sentiment.Brent crude, the global benchmark, was trading 1.52 per cent lower at $116.2 a barrel after earlier crossing the $120 mark, fuelling concerns around inflation, India’s import bill, rupee weakness and foreign capital outflows.Foreign Institutional Investors (FIIs) sold equities worth Rs 2,468.42 crore on Wednesday, according to exchange data.“Indian markets closed a volatile session with a clear shift in intra-day sentiment, where early panic selling was gradually absorbed, leading to a disciplined recovery from the lows,” said Hariprasad K, Research Analyst and Founder, Livelong Wealth.He added that fears around inflation, currency stability and margin pressure had triggered the early sell-off.Vinod Nair, Head of Research at Geojit Investments Limited, said rising crude prices and a firm US Federal Reserve stance tightened conditions for emerging markets.South Korea’s Kospi fell over 1%, Japan’s Nikkei 225 dropped over 1%. Hong Kong’s Hang Seng declined over 1% while Shanghai Composite ended marginally higher. European markets were trading mixed, while US markets had ended mostly lower on Wednesday.On Wednesday, markets had rebounded strongly. The Sensex gained 609.45 points to close at 77,496.36, while the Nifty rose 181.95 points to settle at 24,177.65.