Everything that's happened at Indian market sell-off

Sumeet Industries acquired a CP plant under liquidation from Nakoda Ltd in Surat, Gujarat, to nearly double its production capacity of Bottle Grade PET Chips.

Jamna Auto Industries signed an agreement to acquire 100% stake in UK-based Owen Springs Ltd for GBP 2 million to expand its global presence in leaf and parabolic springs.

Atul Ltd approved a Rs 167 crore capital expenditure to build a new facility for Mecoprop-p and MCPA, adding annual capacities of 1,000 tonnes and 750 tonnes respectively.

The market extended its losing streak for a fifth session on July 24 due to rising crude oil prices, weak earnings, and geopolitical tensions.

Nifty 50's rally on Friday is too early to confirm a decisive breakout, according to Sudeep Shah of SBI Securities.

A close above 24,550 may open the path toward 24,800 and 25,000 for Nifty 50.

Nifty 50's crucial support zone is 24,100–24,050.

Shah shared views on stocks including Kalyan Jewellers, Tech Mahindra, and Sona BLW.

Sensex fell 442.93 points (0.57%) to 77,708.52, and Nifty 50 dropped 95.80 points (0.39%) to 24,238.50.

Bank Nifty slumped 0.98% due to mixed Q1 earnings from private sector banks.

Axis Bank was the worst performer, tumbling 5.37% after reporting a decline in Net Interest Margin to 3.46% and slower retail loan growth.

IT, banking, and auto sectors dragged the market, while Media, Pharma, and FMCG traded in green.

Asian markets were mixed: Japan's Nikkei 225 fell 4.03%, Hong Kong's Hang Seng gained 2.36%, and China's Shanghai Index rose 0.85% amid Middle East tensions.

The Sensex fell 443 points (0.6%) to 77,709 and the Nifty declined 96 points (0.4%) to 24,239 on July 21, 2026.

Banking stocks led declines: Axis Bank dropped 5.5%, HDFC Bank fell 5.1%, and Kotak Mahindra Bank declined 2% after mixed earnings.

The rupee weakened to 96.45 against the dollar from 96.28, pressured by rising oil prices and geopolitical tensions.

Brent crude briefly crossed $91 per barrel, a one-month high, due to US-Iran tensions raising fears of Strait of Hormuz disruption.

Indian markets fell with Sensex and Nifty opening lower.

Crude oil prices surged due to renewed US-Iran tensions.

US plans to impose steep tariffs on generic drugs hurt pharma stocks.

Investors reacted to both geopolitical and trade policy risks.