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The BSE Sensex closes at 76,059.77, down 331.62 points or 0.43%, while the NSE Nifty settles at 23,767.45, losing 102.15 points or 0.43%.
Stock Market Today.
Stock Markets Today, July 24: The domestic markets ended lower for the fifth consecutive session on Friday as investors remained cautious amid geopolitical tensions in West Asia, concerns over global inflation and uncertainty surrounding US trade tariffs. Although the market recovered sharply from the day’s lows, benchmark indices failed to end in positive territory.
The BSE Sensex closed at 76,059.77, down 331.62 points or 0.43%, while the Nifty 50 settled at 23,767.45, losing 102.15 points or 0.43%.
After opening sharply lower, the Sensex fell to an intraday low of 75,474.43, down more than 900 points from the previous close. However, strong buying in the second half helped the index recover nearly 585 points from the day’s low before closing with moderate losses. The index also touched an intraday high of 76,210.95.
Benchmarks Recover From Lows; Bank Nifty Ends Higher
Despite weakness in the headline indices, the recovery in the latter half of the session reflected buying in select heavyweight banking and IT stocks.
The Nifty Bank outperformed the broader market, rising 0.18% to 56,693.50, while the Nifty Midcap 50 also ended marginally higher. Broader markets, however, remained subdued, with the Nifty Midcap 100 falling 0.10% and the Nifty Smallcap 100 declining 0.32%.
India VIX rises 4.1%
The India VIX ended at 14.03, up 4.11%, indicating that volatility remains elevated despite the market’s recovery from intraday lows.
IT and Banking Stocks Support Recovery
Buying in technology and banking stocks helped reduce losses during the second half of the session. The Nifty IT index gained 0.82%, while the Nifty PSU Bank index rose 0.58%. The Media index climbed 1.86%, making it the best-performing sector of the day.
On the other hand, Auto (-1.10%), Oil & Gas (-0.46%), Pharma (-0.41%), Metals (-0.55%) and Realty (-0.55%) remained under pressure.
Among Sensex stocks, HCLTech emerged as the top gainer, rising 1.94%, followed by ITC (+0.85%), Axis Bank (+0.58%), Trent (+0.48%), Maruti Suzuki (+0.46%), Reliance Industries (+0.33%) and TCS (+0.29%).
The biggest losers included Eternal (-2.15%), Bajaj Finance (-2.07%), Mahindra & Mahindra (-1.88%), Bharti Airtel (-1.52%), Infosys (-1.12%), Asian Paints (-1.09%), Tata Steel (-0.76%) and Sun Pharma (-0.72%).
Oil, Tariffs and Global Tensions Keep Investors Cautious
Markets remained volatile throughout the session as investors tracked developments in the Middle East and their impact on global energy markets.
Although crude oil prices eased from recent highs during the day, concerns over supply disruptions and inflation remained. Investors also remained wary after the US announced fresh tariffs on imports, while expectations of higher interest rates in the US continued to weigh on global sentiment.
Expert View
Vinod Nair, Head of Research at Geojit Investments Limited, said elevated oil prices and rising global bond yields continue to pose risks for equity markets. “Market sentiment is likely to remain under pressure in the near term, as sustained oil prices in a higher range could begin to adversely impact key macroeconomic indicators and growth dynamics. The US 10-year yield has climbed to a 52-week high despite crude oil trading well below its crisis-era peak, reflecting the bond market’s concerns over energy-led inflation risks, resilient labour market conditions, and a persistently hawkish Fed.”
He added that expectations of a US rate hike and new tariff measures are creating additional pressure on markets.
“These factors have pushed the implied probability of a rate hike in September. Washington’s new tariffs on imports added another headwind for export-driven economies, with technology-heavy markets having been hit the most as higher rates weigh on growth. Bank Nifty outperformed, supported by favourable valuations and credit growth outlooks,” Nair said.
Ponmudi R, CEO of Enrich Money, said Indian markets remained under pressure due to a combination of geopolitical uncertainty and global trade concerns.
“Indian equity markets extended their losing streak to a fifth consecutive session as investors remained cautious amid lingering geopolitical tensions in the Middle East and renewed concerns over U.S. trade tariffs,” he said.
He noted that benchmark indices recovered from their intraday lows as crude prices eased and selective buying emerged in banking and IT stocks.
“The Nifty opened with a sharp gap-down and remained under pressure in early trade before recovering part of its losses as easing crude oil prices and selective strength in banking and IT stocks provided support. However, the rebound proved insufficient to offset the broader weakness,” Ponmudi said.
On the macroeconomic front, he said elevated crude prices and a weaker rupee remain key concerns. “Despite the pullback in oil prices, energy prices remain elevated, leaving India’s import bill, inflation outlook and external balances vulnerable to any renewed escalation in geopolitical tensions. The Indian rupee also remained under pressure after weakening to around ₹96.67 against the US dollar before recovering modestly.”
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