Stock Market Update 24 July 2026: Sensex Tumbles Over 450 Pts; Nifty 50 Below 23,750

The Indian benchmark indices were trading lower after the market opening on Friday, 24 July 2026. This was the third consecutive session when they opened in the red.

At around 9:18 AM, the Sensex was down by around 466 points (0.61%) to trade at 75,925.03. The Nifty 50 was also trading lower by around 136 points (0.57%) at 23,734.25.

On Thursday, 23 July 2026, the indices ended in the negative territory. At the closing bell, the Sensex stood at 76,391.39, down 0.47%. The Nifty 50 stood at 23,869.60, down 0.53%.

How Are Other Indices Performing?

Not just the Sensex and the Nifty 50, but most other Indian indices were in the red during early trading on Friday.

At around 9:22 AM, Bank Nifty was down by 272 points (0.48%) to trade at 56,320.15. The Nifty Financial Services index was also down by around 125 points (0.48%) to trade at 25,867.10.

Among the sectoral indices, Nifty Auto (down 0.79%), Nifty FMCG (down 0.16%), Nifty Metal (down 0.73%) and Nifty PSU Bank (down 0.54%) were trading in the red. Nifty IT (up 0.71%) and Nifty Pharma (up 0.03%) were the only indices in the green.

Top Gainers And Losers

At 9:19 AM, the overall market breadth was bearish. About 784 shares advanced, 1,615 shares declined and 141 shares remained unchanged.

The top gainers on the Nifty included Cipla, HCL Tech, ONGC, Adani Enterprises and Coal India.

The top losers were Infosys, Eternal, Bharti Airtel, Hindalco and Dr Reddys Laboratories.

What About The Global Markets?

Global markets were also bearish on Friday morning amid persistent Middle East conflict and rising oil prices.

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• S&P 500 futures were little changed as of 11:53 AM Tokyo time.

• Japan’s Topix fell 1%.

• Australia’s S&P/ASX 200 fell 0.9%.

• Hong Kong’s Hang Seng fell 1.3%.

• The Shanghai Composite fell 1%.

• Euro Stoxx 50 futures were unchanged.

Factors Impacting The Markets

Middle East Tension: Tensions in the Middle East have intensified. There were reports of Iran-backed Houthis making fresh attacks on Saudi tankers in the Red Sea.

FPI activity: With the rupee weakening again and persistent conflict, foreign portfolio investors (FPIs) have remained net sellers in Indian markets for most of this month.

Oil Prices Keep Rising: Crude oil prices are now reacting sharply to the ongoing Middle East conflict. Brent crude is about to touch $100 per barrel, causing fears among companies across the world.

Depreciating Rupee: A constantly depreciating rupee has kept the markets on edge. On Friday, the currency opened marginally lower at 96.63 per US dollar. The previous close was at 96.57.

Investor Takeaway

Factors like the ongoing Middle East conflict, increasing oil prices, and bulk selling by FPIs have taken a toll on the market. The volatility could continue without any signs of immediate respite. Investors must track the geopolitical developments closely before taking major positions.

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