Mumbai: Indian equity markets closed in the red on 24 July 2025, with the benchmark Nifty 50 settling at 25,062.10, down 157.80 points or 0.63%. The index opened at 25,243.30, touched a high of 25,246.25, and fell to an intraday low of 25,018.70, indicating persistent selling pressure through the day.
Other major indices also ended weaker:
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Nifty Next 50: 68,207.30 (−155.70 / −0.23%) -
Nifty Financial Services: 27,046.30 (−169.55 / −0.62%)
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Nifty Bank: 57,066.05 (−144.40 / −0.25%)
Nifty Next 50: 68,207.30 (−155.70 / −0.23%)
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Top Gainers: INDOBORAX and OLECTRA Outperform Amid Broader Weakness
Despite the bearish tone, select counters recorded strong gains driven by sector-specific news and volume interest:
| Symbol | LTP (₹) | Change (₹) | % Change | Volume (Lakhs) | Value (₹ Cr) |
|---|---|---|---|---|---|
| INDOBORAX | 293.42 | +48.90 | +20.00% | 46.92 | 131.51 |
| OLECTRA | 1,550.00 | +222.70 | +16.78% | 137.51 | 2,018.05 |
| POCL | 1,099.05 | +150.55 | +15.87% | 36.40 | 395.88 |
| FORCEMOT | 19,300.00 | +2,160.00 | +12.60% | 12.38 | 2,400.34 |
| SENORES | 681.50 | +72.55 | +11.91% | 77.48 | 530.42 |
INDOBORAX surged 20% on strong volume activity, while OLECTRA witnessed a rally supported by buying in EV and infrastructure-related stocks. Heavyweight FORCEMOT maintained momentum with continued investor interest.
Top Losers: IEX, VERANDA, and CIGNITITEC Under Heavy Selling Pressure
On the downside, multiple stocks faced steep cuts, led by disappointing fundamentals or negative news flow:
| Symbol | LTP (₹) | Change (₹) | % Change | Volume (Lakhs) | Value (₹ Cr) |
|---|---|---|---|---|---|
| IEX | 135.49 | −52.40 | −27.89% | 1,277.37 | 1,740.42 |
| EXICOM-RE | 19.00 | −2.58 | −11.96% | 1.37 | 0.27 |
| TTL-RE | 0.39 | −0.05 | −11.36% | 9.82 | 0.04 |
| VERANDA | 220.75 | −24.39 | −9.95% | 19.73 | 45.15 |
| CIGNITITEC | 1,573.80 | −168.40 | −9.67% | 6.61 | 106.50 |
IEX emerged as the day’s biggest loser, plummeting nearly 28% with massive trading volumes exceeding 1,270 lakh shares, possibly due to regulatory concerns or disappointing earnings. CIGNITITEC and VERANDA also faced sharp cuts on weak sentiment in the tech sector.
Conclusion: Market Awaits Fresh Triggers On 24 July 2025
Markets closed lower for the day, led by weakness in financials, energy, and IT counters. While mid-cap gainers like INDOBORAX and OLECTRA attracted attention, broader sentiment remained cautious amid global headwinds. With high volatility, investors are likely to remain watchful ahead of corporate earnings, macroeconomic data releases, and central bank policy signals.
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