Market Midday, 24 August 2026: Sensex, Nifty 50 Trade Lower
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Sensex and Nifty 50 traded lower after giving up their early gains. About 2,090 shares advanced, while 1,681 declined as sectoral weakness weighed on the market. Read more.
The Sensex and the Nifty 50 traded lower in late-morning trade after giving up their early gains. The benchmarks slipped into the red during the session. At 11:52 AM, the Sensex was trading at 77,364.80, down 176 points, or 0.23%. The Nifty 50 stood at 24,194.05, lower by 58 points or 0.24%. Both indices had opened higher earlier in the session before moving below the previous close.
Broader market participation remained mixed. At the same time, about 2,090 shares advanced, while 1,681 shares declined and 201 shares remained unchanged. Earlier in the session, Nifty Metal, Nifty IT, and Nifty Energy traded higher, while Nifty PSU Bank, Nifty Consumer Durables, and Nifty FMCG remained under pressure.
Top Stocks On Nifty 50 Today
Stocks of the following companies were the top five performers on the Nifty 50 index at 11:52 AM:
Stock-Specific Action
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Zee Entertainment Enterprises shares fell 1.58% after the company allotted 20.94 crore convertible warrants at ₹126 per warrant on a preferential basis to promoter-group entity Sunbright Mauritius. The company received ₹659.76 crore upfront.
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Vishal Mega Mart shares jumped 10% after the company re-appointed Gunender Kapur as its Managing Director and Chief Executive Officer.
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BSE shares rose 2.24%, snapping a two-day losing streak. The stock was trading at ₹3,313.90 at around 12 PM.
Outlook For The Remaining Session
The Sensex and Nifty 50 moved into negative territory after giving up their early gains. The Nifty was earlier trading in the 24,250–24,350 range, with both levels remaining important for the next move. A rise above 24,350 could take the index towards 24,500 and 24,650, while a fall below 24,250 could drag it towards 24,150 and 24,080.
Stock-specific activity may remain in focus ahead of Tuesday's derivatives expiry. Strength in Metal and IT stocks could offer some support, while weakness in PSU Bank, Consumer Durables and FMCG stocks may continue to weigh on the broader market.
Also Read - Gold Loan Stocks In Focus: Muthoot Finance, Manappuram Shares Jump Up To 5% As Gold Prices Rally
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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