7 August 2025 (Midcap) Nifty 50 Slips Below 24,500 Mark; Broader Markets in Red | DNAMEDIA, BLBLIMITED Among Top Gainers, PRAXIS-RE2 Tanks 40%

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Mumbai: The Indian stock market witnessed a sharp decline on Thursday, 7 August 2025, with the Nifty 50 slipping 151.25 points (-0.62%) to close at 24,422.95, as investor sentiment remained cautious amidst global uncertainties and mixed earnings reports. The broader indices also followed suit, indicating a broad-based correction across sectors.

  • Screenshot 2025 08 07 114739Nifty Next 50 closed at 65,813.50, down 367.85 points (-0.56%)

  • Nifty Financial Services declined 132.45 points (-0.50%) to end at 26,238.70

  • Nifty Bank dropped 303.90 points (-0.55%), closing at 55,107.25

The benchmark index saw an intraday high of 24,542.90 and a low of 24,387.55, opening at 24,464.20.

Also Read: Indian Stock Market Update – 5 August 2025: Nifty Slides, Volatility Prevails Amid Profit Booking


Top Gainers: Small Caps Lead the Rally in Pockets

7 august 2025Despite the broad market downturn, some small- and mid-cap stocks delivered impressive gains:

Stock LTP (₹) Change (₹) % Change Volume (Lakhs) Value (₹ Cr)
DNAMEDIA 5.65 +0.76 +15.54% 18.56 1.00
BLBLIMITED 17.21 +2.21 +14.73% 14.11 2.44
INDOFARM 208.99 +22.57 +12.11% 2.78 5.59
IZMO 396.80 +36.80 +10.22% 4.50 17.90
BGRENERGY 123.26 +11.20 +9.99% 1.83 2.25

These counters attracted strong volumes, with DNAMEDIA and IZMO witnessing significant investor interest, possibly on the back of positive developments or sectoral tailwinds.




Top Losers: PRAXIS-RE2 and GPTHEALTH Drag Down Sentiment

Screenshot 2025 08 07 114825Several stocks saw sharp declines, particularly in the real estate and healthcare segments:

Stock LTP (₹) Change (₹) % Change Volume (Lakhs) Value (₹ Cr)
PRAXIS-RE2 0.39 -0.26 -40.00% 0.45 0.00
GPTHEALTH 160.20 -18.22 -10.21% 9.70 15.66
INOXWI-RE 24.55 -2.60 -9.58% 9.32 2.36
AROGRANITE 37.83 -3.46 -8.38% 2.94 1.17
PRINCEPIPE 298.50 -27.20 -8.35% 6.10 18.48

PRAXIS-RE2 suffered a steep 40% loss, likely due to speculative activity and weak fundamentals. GPTHEALTH also saw a double-digit decline, perhaps on profit booking or disappointing earnings.


Market Sentiment and Outlook on 7 August 2025

The decline in major indices reflects a cautious undertone among investors amid ongoing global economic concerns, rate cut speculations, and mixed corporate earnings. Despite the fall, select small-cap stocks continue to deliver strong returns, suggesting opportunities in niche sectors.

Traders are advised to stay vigilant as the market may continue to remain volatile in the near term, ahead of domestic macroeconomic data and international cues. Support for Nifty 50 is expected near 24,300 levels, while resistance remains around 24,600.


Conclusion

The Indian equity market on 7 August 2025, witnessed a broad correction led by banking, financial, and mid-cap stocks. While frontline indices ended in the red, certain small-cap stocks bucked the trend, offering gains for discerning investors. The overall sentiment remains cautious with a focus on fundamentals and global developments.

For real time stock Updates, visit NSE website.

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