Market Midday, 24 July 2026: Benchmarks Feel West Asia Heat

Escalating tensions in West Asia and a subsequent surge in oil prices ensured benchmarks, the Sensex and Nifty 50, continued to trade in the red zone in the afternoon trade. At 12:09 pm, the Sensex was down 0.73%, while the Nifty 50 was down 0.66% during the same time. Even broader markets felt the heat and were trading in the negative. At 12:10 pm, the:

• Nifty Midcap 100 index was down by 0.58%.

• Nifty Smallcap 100 index was down by 0.76%.

Top Stocks On The Nifty 50

Stocks of the following companies were the top five performers on the Nifty 50 index at around 12:10 pm:

• Cipla Ltd.

• HDFC Life Insurance Company Ltd.

• ITC Ltd.

• Trent Ltd.

• HCL Technologies Ltd.

Stock-Specific Action

• IndiGo shares fell 2% in early trade after reporting a net loss of ₹238 crore for Q1 FY27.

• Meesho shares declined as much as 5% in early trade after the company announced an expected dip in its net merchandise value (NMV) in the July-September quarter.

• Swiggy shares declined 5.4% in intraday deals after the company proposed a foreign ownership ceiling that raised the prospect of its deletion from global indices.

Dividend Alert

Around 12 companies have fixed Monday, i.e., 27 July, as the record date for dividends. It means today is the last day for interested investors to buy these shares in order to become eligible for dividend payments. Some prominent ones include:

Firms Likely To Declare Q1 FY27 Results Today

The following entities are likely to declare their Q1 FY27 results today, including:

• ACC

• Bank of Baroda

• Apar Industries

• Container Corporation of India

• Greenply Industries

• Hindustan Zinc

• Jindal Steel

• Steel Authority of India

• SBI Life Insurance Company

Investors are likely to remain cautious through the rest of the trading session amid ongoing developments in West Asia and uncertainty over crude oil prices. Quarterly earnings and upcoming results from major companies are expected to influence stock-specific movements.

Also Read - India Relaxes FDI Rules To Allow Inventory-Based E-Commerce For Exports