Stock market today: The Indian stock market fell for the second consecutive session on Friday, April 25, on profit booking amid growing tensions between India and Pakistan after the Pahalgam terror attack. The Sensex ended the day 589 points, or 0.74 per cent, lower at 79,212.53, while the Nifty 50 settled at 24,039.35, down 207 points, or 0.86 per cent.

The BSE Midcap and Smallcap indices suffered deeper cuts, closing with losses of 2.44 per cent and 2.56 per cent, respectively.

The cumulative market capitalisation of BSE-listed firms plunged to nearly ₹421 lakh crore from nearly ₹430 lakh crore in the previous session, making investors poorer by about ₹9 lakh crore on Friday alone.

In two sessions, the Sensex has declined 904 points, or 1.1 per cent, while the Nifty 50 has retreated 290 points, or 1.2 per cent.

“Nifty has slipped after a consolidation on the daily chart, indicating a rise in bearish sentiment. Additionally, the index has fallen below its 200-DMA, signalling a potential re-entry into a bearish trend,” Rupak De, Senior Technical Analyst at LKP Securities, observed.

“Investor sentiment remains weak, with a clear risk-off approach ahead of the weekend, amid rising tensions between India and Pakistan. In the short term, sentiment will likely continue driving the market trend, with the possibility of the index heading lower. Support on the lower end is placed at 23,800 and 23,515,” De said.