Share Market Highlights: Sensex, Nifty decline sharply on Axis Bank slump and growing geopolitical tensions

BUSINESS

Share Market Highlights: Sensex, Nifty decline sharply on Axis Bank slump and growing geopolitical tensions

AIMPWA

April 25, 2025

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Sensex, Nifty updates on 25 April 2025: Equity benchmark indices Sensex and Nifty saw significant losses on Friday, driven by a sharp decline in Axis Bank’s stock and rising geopolitical tensions following a terror attack in Jammu & Kashmir. The 30-share BSE Sensex dropped 588.90 points to close at 79,212.53, erasing earlier gains, while the NSE Nifty fell 207.35 points to settle at 24,039.35. Market sentiment soured due to growing concerns over border tensions with Pakistan and disappointing earnings reports. Axis Bank, which reported a rise in loan loss provisions and a dip in trading income, saw its stock plunge over 3%. Small and mid-cap stocks were especially hit, with investors cautious amid geopolitical instability. However, large-cap stocks like TCS, Infosys, and ICICI Bank posted gains. Global markets showed resilience, with European and US stocks performing positively.

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