Sensex Prediction for Friday: Outlook cautiously negative for April 24 trading session - Key support, resistance levels to watch - Markets | Latest News Updates

Sensex Prediction for Friday, April 24: From a technical standpoint, Hitesh Tailor stated the index is witnessing rejection near higher levels and showing signs of short-term weakness.

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Sensex Prediction for Friday, April 24: Stock markets extended their losing streak for a second straight day on Thursday, with the benchmark Sensex tumbling 852.49 points. The decline was largely driven by renewed concerns over rising crude oil prices, which breached the USD 100 per barrel mark amid stalled US-Iran negotiations. Sustained foreign fund outflows, along with a weak trend in Asian and European equities, also unnerved investors.

Looking ahead to Friday’s session, the expert said the technical outlook for the Sensex remains cautiously negative to neutral.

Sensex at close today, April 23

In Thursday’s session, the 30-share BSE Sensex fell 852.49 points, or 1.09 per cent, to settle at 77,664. During the day, it slumped 942.31 points, or 1.20 per cent, to 77,574.18. The 50-share NSE Nifty dropped 205.05 points, or 0.84 per cent, to end at 24,173.05.

A total of 2,517 stocks declined, while 1,762 advanced and 170 remained unchanged on the BSE.

Sensex gainers and losers today, April 23

From the Sensex pack, Trent, Bajaj Finserv, Tech Mahindra, Mahindra & Mahindra, Infosys and HDFC Bank were among the major laggards.

In contrast, Adani Ports, Larsen & Toubro, Sun Pharma, Bharti Airtel and Bharat Electronics were the winners.

Hitesh Tailor, Technical Research Analyst at Choice Broking, said, “On 23rd April 2026, the BSE Sensex closed at 77,664, declining 852.49 points (-1.09%), as markets witnessed broad-based selling pressure amid cautious sentiment and weak global cues. The index opened gap-down at 77,983.66 and initially attempted a recovery, touching an intraday high of 78,178.54. However, failure to sustain higher levels led to renewed selling, dragging the index down to an intraday low of 77,574.18, before it closed near the lower end of the day’s range, indicating persistent weakness.”

Sector-wise, the trend remained largely negative, with Auto, Banking, Financial Services and Consumer Durables witnessing significant selling pressure, followed by weakness in IT, Metal and Oil & Gas sectors. PSU Banks and Realty also traded lower, reflecting broad-based decline, while Healthcare showed relative resilience with marginal gains, indicating limited defensive support, he said.

Sensex Prediction for Friday, April 24

From a technical standpoint, Tailor stated the index is witnessing rejection near higher levels and showing signs of short-term weakness, with selling pressure emerging on every rise.

For Friday’s trade, market participants should watch the following key technical zones:

Key technical levels suggest that support is placed in the 77,000–77,100 zone, which may act as a crucial demand area, while resistance is seen around 78,200–78,300, where upside is likely to face supply pressure, Tailor highlighted.

Tailor said the near-term outlook remains cautiously negative to neutral, with increased volatility expected due to global uncertainties. “Any bounce may face resistance unless supported by strong follow-through buying,” the analyst concluded.

Sectoral indices performance at Thursday, April 23

The BSE MidCap Select index declined 0.39 per cent, and the SmallCap Select index dipped 0.34 per cent.

On the sectoral front, PSU Bank dropped 2.36 per cent, Auto (2.27 per cent), Realty (1.91 per cent), Consumer Discretionary (1.71 per cent), Consumer Durables (1.63 per cent) and Bankex (1.46 per cent).

On the other hand, Healthcare jumped 1.66 per cent, Capital Goods (0.40 per cent), Power (0.40 per cent) and Industrials (0.11 per cent).

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,078.36 crore on Wednesday, according to exchange data.

The rupee extended its losing streak for the fourth consecutive session, settling 33 paise lower at 94.11 (provisional) on Thursday.

On Wednesday, the Sensex tanked 756.84 points, or 0.95 per cent, to settle at 78,516.49. The Nifty dropped 198.50 points, or 0.81 per cent, to end at 24,378.10.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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