Introduction: Key Highlights from the Stock Market 24 July
The stock market on 24 July 2025 witnessed a sharp correction, snapping a two-day gain streak as multiple headwinds converged. Benchmark indices—Sensex and Nifty 50—ended significantly lower, pulled down by a bloodbath in the IT sector, a massive regulatory shock to Indian Energy Exchange (IEX), and global uncertainties.
- Nifty 50 closed at 25,054.80, down 165.10 points or −0.65%
- Sensex ended at 82,149.78, falling 576.86 points or −0.70%
- Nifty IT plunged 2.20%
- IEX hit a fresh 52-week low, losing nearly 30% in a single session
This blog will break down how the stock market 24 July moved, the top gainers and losers, the reasons behind the fall, and what it means for investors in the short term.
How the Stock Market Moved on 24 July
The trading day began cautiously with mixed global cues, but selling pressure intensified as IT companies reported disappointing quarterly results and regulatory news triggered panic in specific sectors.
Major Index Performance:
| Index | Closing Level | Change | % Change |
|---|---|---|---|
| NIFTY 50 | 25,054.80 | -165.10 | -0.65% |
| SENSEX | 82,149.78 | -576.86 | -0.70% |
| Nifty Bank | 57,034.30 | -176.15 | -0.31% |
| Nifty IT | 36,140.30 | -811.20 | -2.20% |
| BSE SmallCap | 54,947.17 | -267.73 | -0.48% |
While banking and pharma stocks offered some support, sharp declines in tech, energy, and FMCG stocks weighed heavily on overall sentiment.
Top Gainer Stocks – 24 July
Despite the broader sell-off, a few stocks managed to shine. These gainers were largely driven by positive earnings or structural tailwinds.
1. Olectra Greentech (+15.45%)
Riding high on electric mobility optimism and strong volume, Olectra was the biggest gainer. Investors cheered fresh order wins and rising EV adoption.
2. Vijaya Diagnostic Centre (+10.16%)
The company posted strong quarterly results with better-than-expected revenue growth and operational efficiency.
3. Rainbow Children’s Medicare (+5.83%)
Another healthcare stock that saw gains post solid earnings and increasing demand for pediatric services.
4. Ipca Laboratories (+5.54%)
Ipca rose on the back of improved EBITDA margins and strong export performance.
5. Canara Bank (+5.30%)
A consistent performer in the PSU banking space, Canara Bank beat analyst expectations in its quarterly numbers and saw increased institutional interest.
Top Loser Stocks – 24 July
The day belonged to the bears in certain pockets, especially within IT and energy stocks.
1. Indian Energy Exchange (IEX) (−29.58%)
The worst hit, IEX shares nosedived nearly 30% after the CERC cleared market coupling, a move seen as structurally damaging to IEX’s monopoly on power price discovery.
2. Coforge (−9.39%)
A disappointing Q1 with revenue and margin misses dragged Coforge down sharply, erasing months of gains.
3. Persistent Systems (−7.7%)
Weaker-than-expected deal momentum and margin pressure saw Persistent Systems tumble.
4. Godfrey Phillips (−6.16%)
Despite no specific news, this stock was a victim of broader selling in FMCG.
5. Nestle India (−5.32%)
A rare big decline for Nestle, triggered by weaker-than-expected consumer volume growth and investor disappointment with guidance.
Gainers and Losers Summary Table
| Gainers | Change (%) | Closing Price (₹) | Reason |
|---|---|---|---|
| Olectra Greentech | +15.45% | 1,532.4 | EV optimism, high volume |
| Vijaya Diagnostic Centre | +10.16% | 1,121.15 | Strong Q1 results |
| Rainbow Children’s Medicare | +5.83% | 1,623.9 | Healthcare sector momentum |
| Ipca Laboratories | +5.54% | 1,540.8 | Export growth, margin improvement |
| Canara Bank | +5.30% | 113.51 | Estimates beat, high delivery |
| Losers | Change (%) | Closing Price (₹) | Reason |
|---|---|---|---|
| Indian Energy Exchange (IEX) | −29.58% | 132.32 | Market coupling regulatory impact |
| Coforge | −9.39% | 1,676 | Earnings miss |
| Persistent Systems | −7.70% | 5,174 | Margin squeeze |
| Godfrey Phillips | −6.16% | 8,806 | Sector-wide selloff |
| Nestle India | −5.32% | 2,322.1 | Weak volumes, earnings miss |
Why Did the Stock Market Fall on 24 July?
1. IT Sector Bloodbath
The Nifty IT index fell over 2.2%, the steepest among sectoral indices. This came on the back of:
- Poor Q1 earnings from Coforge and Persistent Systems
- Slow order book growth and uncertain global tech demand
- Margin compression due to high wage costs and weak rupee gains
Tech stocks hold significant weight in indices like Nifty and Sensex, amplifying their impact.
2. Indian Energy Exchange Crash
The CERC’s decision to approve market coupling was a big regulatory blow to IEX. With market coupling, price discovery will move to a central platform, limiting IEX’s core revenue source. The stock crashed nearly 30%, triggering a ripple effect across other energy-related names.
3. Global Uncertainty & Trump Fed Drama
In an unusual move, former U.S. President Donald Trump made an unexpected visit to the Federal Reserve, creating policy anxiety. This rattled global markets and introduced fresh uncertainty about interest rates and Fed independence.
In addition, trade negotiations between India and the U.S. hit a pause, with diplomatic remarks suggesting friction. While the India–UK trade deal offers hope, short-term sentiment took a hit.
4. Profit Booking Ahead of F&O Expiry
With the monthly F&O expiry nearing, traders resorted to profit booking. High valuations in IT, FMCG, and midcap segments prompted tactical exits, increasing intraday volatility.
Conclusion
The stock market 24 July clearly reflected investor anxiety amid poor earnings, disruptive regulation, and global geopolitical surprises. Both benchmark indices lost over 0.6%, while sectoral underperformance—especially in IT and energy—amplified the decline.
While strong performers like Canara Bank and Olectra Greentech showed resilience, the overwhelming pressure from heavyweights like IEX, Coforge, and Persistent Systems dictated the day’s trend.
What Should Investors Do?
- Stay stock-specific: Avoid blanket bets and focus on companies with strong earnings visibility.
- Watch global developments: Geopolitical headlines and Fed moves can cause sharp market reactions.
- Track sectoral regulation: As seen with IEX, regulatory moves can cause sudden devaluation.
The market correction might be short-lived, provided earnings stabilise and global sentiment improves. Long-term investors could use dips to accumulate quality stocks, especially in banking, healthcare, and select industrials.
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