Nifty below 24,200, Sensex down 852 pts amid surging crude prices

The Indian share market indices traded lower for the second consecutive session on Thursday, weighed by a surge in crude oil prices past $100 amid lack of progress in US–Iran negotiations.At close, the Sensex was down 852.49 points or 1.09 percent at 77,664, and the Nifty was down 205.05 points or 0.84 percent at 24,173.05.
Dr Reddy's Labs, Cipla, Jio Financial, Adani Enterprises, Apollo Hospitals were the top gainers on the Nifty, while losers included Trent, M&M, Shriram Finance, SBI Life Insurance, Tech Mahindra.On the sectoral front, capital goods gained 0,4%, healthcare index rose 1.6%, energy index gained 0.25% and media index surged 0.9 percent. On the other hand, auto, consumer durables and PSU Bank down 2% each, while IT, realty, metal, private bank down 1% each, according to information.Broader indices also ended lower with Nifty smallcap index losing 0.6%, snapping 2-day gains, while Midcap index shed 0.4%.
Rupee Close: 
On 23 Apr'26,the Indian rupee declined 33 paise to close at 94.11 against the U.S. dollar on Thursday.The domestic currency fell for the fourth consecutive session on Thursday, its longest losing streak since mid-January, as stalled peace talks between the U.S. and Iran lifted oil prices over $100 per barrel.
Trading Guide: 
Market experts recommended five shares to buy on Thursday-NCC, Timken India, Wockhardt, Netweb Technologies India, and Global Health.

(Business Correspondent)