Indian benchmark indices came under significant selling pressure on April 24, extending losses for a third consecutive session, with the Nifty slipping below the 23,900 mark amid broad-based weakness across sectors led by IT stocks.

The market opened on a subdued note and continued to decline through the session as rising crude oil prices—driven by escalating tensions in West Asia—dampened investor sentiment.

At close, the Sensex was down 982.71 points or 1.27 percent at 76,681.29, and the Nifty was down 275.10 points or 1.14 percent at 23,897.95.

For the week, Sensex and Nifty down 2 percent each, snapping two-week gaining streak.

Broader indices also ended lower with Nifty Midcap and Smallcap indices falling nearly 1% each.

Biggest Nifty losers were Infosys, HCL Tech, TCS, Tech Mahindra and Sun Pharma, while gainers included Hindalco, Coal India, Nestle, SBI, Trent.

On the sectoral front, IT stocks were among the worst performers, weighed down by weak guidance from Infosys, with IT index fell 5%, hitting lowest level since June 2023.

Among other sectors, Healthcare, Consumer Durables, Realty, Telecom, Pharma, Media down 1% each.

More than 100 stocks touched their 52-week high on the BSE, including Himadri Speciality, ABSL AMC, Nestle, AU Small Finance Bank, Glenmark Pharma, Adani Ports, Hitachi Energy, Torrent Power, CG Power, among others.

In stock-specific developments, Infosys shares slipped 7% amid weak guidance. Himadri Speciality Chemical surged 5% as its Q4 profit rose 29%.

Adani Energy Solutions up 4.5% despite robust Q4 earnings, Waaree Energies fell 2% following reports of the US imposing anti-dumping duties on solar imports from India. Sun Pharma also declined over 3% amid reports related to a potential $13 billion bid for Organon.