Market News

3 min read | Updated on July 24, 2026, 17:25 IST
SUMMARY
On July 24, the SENSEX declined by 331.62 points or 0.43% to close at 76,059.77. Meanwhile, NIFTY50 ended at 23,767.45, down by 102.15 points or 0.43%.

The SENSEX tanked as much as 1.2% to hit an intraday low of 75,474.43 on July 24. | Image: Shutterstock
The SENSEX tanked as much as 1.2% to hit an intraday low of 75,474.43, while the NIFTY50 slumped as much as 1.1% to touch the session’s low of 23,606.30.
On July 24, the SENSEX declined by 331.62 points or 0.43% to close at 76,059.77. Meanwhile, NIFTY50 ended at 23,767.45, down by 102.15 points or 0.43%.
The top losers included Eternal, which closed 2.47% lower, as Flipkart decided to enter the food delivery business. Walmart-owned e-commerce giant Flipkart plans to launch pilot operations in Bengaluru for its online food delivery within 30 days. As per the company’s CEO, Flipkart is exploring a separate app for food delivery while also making the service available through the Open Network for Digital Commerce (ONDC).
The entry of Flipkart would only increase the competition intensity within the online food delivery space, which is currently dominated by Zomato and Swiggy.
It was followed by Mahindra & Mahindra (-2%), Bajaj Finance (-2%), Shriram Finance (-1.93%), and Bajaj Auto (-1.63%).
Shares of Shriram Finance declined despite reporting a net profit of ₹3,445 crore in the first quarter of the current financial year, marking an increase of 60% from ₹2,154 crore in the same period last year.
On the flipside, HCL Technologies (1.95%), Cipla (1.15%), Wipro (0.99%), ITC (0.96%) and HDFC Life Insurance Company (0.88%) were among the top gainers of the day.
The stock of Cipla advanced a day after reporting strong sequential performance in the June quarter of the 2026-27 financial year (Q1 FY27). The pharmaceutical company recorded a consolidated net profit of ₹789 crore in the first quarter of FY26, reflecting a 42% quarter-on-quarter (QoQ) growth from ₹555 crore seen in the previous quarter of the last fiscal year (Q4 FY26).
NSE’s NIFTY Midcap 100 gauge ended at 61,622.35, down by 62.65 points ot 0.10%.
Its top laggards were Motilal Oswal Financial Services (-7.15%), Swiggy (-3.84%), Mahindra & Mahindra Financial Services (-3.24%), Hitachi Energy India (-2.85%), and GE Vernova T&D India (-2.71%).
On the other hand, KPIT Technologies (5.88%), Tata Elxsi (4.41%), Godfrey Phillips India (4.13%), Persistent Systems (3.86%), and AU Small Finance Bank (3.51%) were among its top winners.
The NIFTY Smallcap 100 index fell by 0.32% or 61.40 points to close at 18,874.95.
The top gainers in the pack were Physicswallah (-4.69%), Mangalore Refinery and Petrochemicals (-3.58%), Amber Enterprises India (-2.42%), Aptus Value Housing Finance India (-2.07%), and Sagility (5.86%).
Shares of JSW Cement surged after it reported a 991% YoY increase in its consolidated net profit at ₹371 crore in Q4 FY26, on Thursday, May 21. In the corresponding period last year, the firm had clocked a profit of ₹34 crore.
On the contrary, the top gainers included Dr. Lal Path Labs, which ended 5.21% higher, as it posted a 28.02% YoY surge in its consolidated net profit (attributable to the owners of the company) to ₹169.5 crore during the quarter under review, compared with ₹132.4 crore in Q1 FY26.
It was followed by Zensar Technologies (3.66%), Reliance Power (3.20%), Signatureglobal (2.31%) and Tata Technologies (2.03%), which were among the top gainers.
Related News
About The Author

Next Story