Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.
Indian equity benchmarks, Sensex and Nifty50, fell, tracking losses in global equities as Brent crude prices soared due to the tension between the US and Iran.
Please note markets will remain closed on Friday, 1 May 2026, on account of Maharashtra Day.
At the closing bell, the BSE Sensex closed lower by 582 points (down 0.7%)
Meanwhile, the NSE Nifty closed 180 points lower (down 0.7%)
Sun Pharma, Infosys, and Tech Mahindra are among the top gainers today.
HUL, Tata Steel, and Axis Bank, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 24,107, lower by 148 points at the time of writing.
The BSE 150 Midcap index is trading 0.9% lower, and the BSE 250 SmallCap index is trading 0.5% lower.
Baring IT sector and the telecommunication sector all other sectoral indices were trading negatively today, with stocks in the metal sector and the banking sector witnessing selling pressure.
The rupee is trading at Rs 94.9 against the US$.
Gold prices for the latest contract on MCX are trading 1.5% higher at Rs 1,51,319 per 10 grams.
Meanwhile, silver prices were trading 2.4% higher at 2,43,990 per 1 kg.
4 reasons why India's share markets are falling:
#1 US-Iran Tensions Rising
Tensions between the US and Iran are increasing as talks between them remain stalled. The US is putting more pressure by freezing funds linked to Iran and considering sending advanced weapons to the region. Iran is refusing to back down, and Russia has warned the US about serious consequences if the situation escalates further.
#2 Crude Oil Prices Rising
Crude oil prices have risen sharply, with Brent crude crossing $120 per barrel, reaching its highest level in a long time. This increase raises concerns about higher inflation worldwide. For India, which depends heavily on imported oil, rising prices can negatively impact economic growth and increase costs.
#3 Rupee Hitting Record Low
The Indian rupee has fallen to a record low against the US dollar, mainly due to rising crude oil prices and global economic pressures. The currency has been weakening continuously and may keep declining. A weaker rupee can lead to foreign investors pulling money out of Indian markets, affecting overall sentiment.
#4 Continuous Selling by FIIs
Foreign institutional investors have been selling Indian stocks continuously, putting pressure on the stock market. After briefly buying earlier in the month, they have turned into sellers again for several days in a row. This consistent selling is hurting investor confidence and contributing to the market decline.
Newgen Software Q4 FY26 Results
Shares of Newgen Software came into focus after the company reported its Q4 FY26 results.
Newgen Software reported a 5.29% year-on-year rise in revenue from operations to about Rs 4.53 billion (bn) in Q4FY26, compared to Rs 4.30 bn in the same quarter last year.
However, net profit slightly declined by 1.88% to around Rs 1.06 bn from Rs 1.08 bn.
Total comprehensive income increased 7.63% to Rs 1.19 bn, while total expenses rose 2.69% to Rs 3.11 bn during the quarter.
Geographically, revenue from the US grew 17% year-on-year, while the APAC region saw a 14% increase.
The company's board has recommended a dividend of Rs 6 per equity share for the financial year ended 31 March 2026. The record date has been set as 17 July 2026, to determine shareholder eligibility for the dividend, subject to approval.
HUL Q4 FY26 Results
Shares of Hindustan Unilever Ltd (HUL) came into focus after the company reported its Q4 FY26 results.
The company's revenue from operations rose by 8.13% year-on-year to Rs 161.72 bn, driven mainly by 6% growth in underlying volumes.
The company's EBITDA for the quarter stood at Rs 38.41 bn, reflecting a 6% increase compared to last year, with an EBITDA margin of 23.7%. This indicates stable operating performance despite rising costs.
Total expenses increased by 7.2% year-on-year to Rs 166.15 bn, while total income, including other income, grew by 5.01% to Rs 165.80 bn during the quarter.
HUL reported a consolidated net profit (PAT) of Rs 29.92 bn in the March quarter, compared to Rs 24.64 bn in the same period last year, showing strong growth.
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