Markets slump for 3rd day on surging oil prices, massive selling in IT stocks; Sensex drops 1k points

Equity benchmark indices Sensex and Nifty tumbled over 1% on Friday (April 24, 2026), falling for the third consecutive day, as a sharp rally in crude prices and massive selling in IT counters weighed heavily on investors’ sentiment.

Unabated foreign fund outflows, a negative trend in global markets amid prolonged conflict and continued disruption in the Strait of Hormuz added to the gloom.