Closing Bell 24th August: Nifty 50 down by 0.14% & Sensex by 0.22%

On Monday, the Indian stock market ended the day with negative sentiment, with the Nifty 50 opening at 24,285.05 reaching a high of 24,313.00, and closing at 24,219.05, down by 0.14%. Similarly, the BSE Sensex opened at 77,629.56, reached a high of 77,789.40 and ended at 77,369.11, down by 0.22%.

The Indian markets traded with negative sentiment amid cautious market sentiment as Iran warned of further escalation as the U.S prepares to announce new sanctions against Tehran, with a senior Iranian security official accusing President Donald Trump of creating “nuclear insecurity” through attacks on the country.

Reasons for the negative sentiment

The following are the reasons for the negative sentiment in the stock market:

• Negative cues from the Asian markets.
• Foreign Institutional Investors (FIIs) remained as net sellers in the Indian markets.
• India VIX, the volatility indicator of domestic markets rose by 3.21% at 11.53, signalling rising uncertainty among investors.

Major Indices Today

• The benchmark indices, Nifty 50 and Sensex, traded lower, dragged by losses in Reliance Industries, SBI, ICICI Bank, and Bharti Airtel.
• Nifty Next 50 traded in the green amid gains in Muthoot Finance, Siemens, Cummins, and Jindal Steel.
• Nifty Bank traded in the red amid selling pressure across the sector.

Sectoral Indices Today

• Nifty IT traded higher after reports on Nvidia’s potential server price hikes revived concerns over rising AI infrastructure costs and stretched valuations, which will be beneficial for Indian IT companies which offers an ‘anti-AI’ advantage.
• Nifty Auto traded in the red amid selling pressure across the sector.
• Nifty FMCG traded higher led by gains in Tata Consumer Products after brokerage firm Motilal Oswal expects 43% rally.
• Nifty Pharma traded in the red dragged by losses in Aurobindo Pharma after receiving one observation from USFDA for its Telangana facility.
• Nifty Oil & Gas traded higher after the Petroleum and Natural Gas Regulatory Board (PNGRB) approved three strategically important LPG pipeline projects across Telangana, Maharashtra, Uttar Pradesh, Uttarakhand, Karnataka and Goa and amid decline in crude prices.

Market Movers Today

• Caplin Point Laboratories shares dropped by 2% after company received Form 483 with 10 observations from US FDA following an unannounced inspection of company's injectable and ophthalmic manufacturing facility located at Gummidipoondi.
• Blue Cloud Softech Solutions shares rose by 4.75% after the company commenced delivery of services under its $150 million Master Services Agreement with SpaceX International, MY, with execution under Statement of Work No. 1 beginning on August 24.
• Sugar stocks like, Bajaj Hindusthan Sugar shares hit their 52-week high, rising more than 12%, and Avadh Sugar & Energy, Dalmia Bharat Sugar and Industries, Dhampur Sugar Mills, Dwarikesh Sugar Industries, Magadh Sugar & Energy, Mawana Sugars, Ponni Sugars (Erode), Ugar Sugar Works and Uttam Sugar Mills also hit their respective 52-week highs afterthe government tightened stockholding limits led by a rise in sugar prices.
• Vishal Mega Mart shares rose by 9.5% after the board re-appointed Gunender Kapur as managing director (MD) and chief executive officer (CEO) for a five-year term.
• Urban Company’s shares rose by 7% after brokerage firm Emkay initiated coverage with a ‘Buy’ rating and a target price of ₹190 as increasing demand density in micromarkets is driving consumer satisfaction as well as partner wages, thereby reinforcing the flywheel led to accelerating growth.

Top Gainers

Top Losers

52W High Stocks

52W Low Stocks

High Volume Stocks Today

IPO

• Hy-Tech Engineers IPO opened today and will close on 27th August 2026. The price band set for the IPO is from ₹50 to ₹53 per equity share.
• Skyways Air Services IPO opened today and will close on 27th August 2026. The price band set for the IPO is from ₹131 to ₹138 per equity share.
• Symbiotec Pharmalab IPO opened today and will close on 27th August 2026. The price band set for the IPO is from ₹938 to ₹988 per equity share.
• Augmont Enterprises IPO is open and will close on 25th August 2026. The price band set for the IPO is from ₹750 to ₹788 per equity share.
• Tempsens Instruments IPO closed today. The price band set for the IPO was from ₹285 to ₹300 per equity share.

Allotted today

• Gaja Alternative Asset Management IPO shares allotted today. Investors can check their allotment status on the BSE and NSE websites.

Listed today

• Lalithaa Jewellery shares listed today at ₹265 per share on the NSE, at a premium of 31.84% and on the BSE at ₹265.30 per share, a premium of 31.99%. The price band set for the IPO was from ₹190 to ₹201 per equity share.
• Horizontal Industrial Parks shares listed today at ₹60.25 per share on the NSE, a premium of 0.42%, and on BSE at ₹59.65 per share, a discount of 0.58%. The price band set for the IPO was from ₹57 to ₹60 per equity share.

Market Announcements

• Oriental Hotels shares rose by 5% after the announcement its merger with The Indian Hotels Company (IHCL) through a Scheme of Arrangement, which proposed a share exchange ratio of 25 IHCL shares for every 117 Oriental Hotels shares and is an all-stock transaction, with completion targeted in the H2 FY2028 and Appointed Date of April 1, 2027. 
• Heranba Industries shares rose by 3% after the company’s Q1 profit jumped by  17% YoY to ₹7.14 crore from ₹6.1 crore same quarter previous year.