Markets slip in late trade: Nifty falls below 24,500; Nifty Financial Services Index slides 1%- 4 key highlights

The Indian stock market ended the day on a cautious note, with key indices closing in the red. The Sensex settled at 80,252.75, slipping by 0.44%, while the Nifty dropped to 24,487.40, down by 0.4%. The banking index, Nifty Bank, also followed the trend, closing at 55,043.70, lower by 0.84%.

Let’s take a look at the 4 key highlights of today’s trading session –

Stocks on the rise

Despite the overall dip, several stocks managed to post gains. Maruti Suzuki, Tech Mahindra, Mahindra & Mahindra, NTPC, and Tata Steel were among the top performers.

Stocks under pressure

On the other hand, some heavyweight names weighed on the indices. Bajaj Finance, Trent, Hindustan Unilever, and HDFC Bank faced selling pressure.

ALSO READStocks making the biggest moves midday: MRF, PN Gadgil Jewellers, Astral and more Midday market movers

Midway through the session, several stocks caught investor attention. Shares of tyre maker MRF bounced back slightly after slipping to session lows; the company reported a 14% decline in net profit to Rs 484 crore for the June quarter compared to last year. PN Gadgil Jewellers gained nearly 6% following a strong quarterly performance with net profit nearly doubling year-on-year to Rs 69.3 crore.

In contrast, Action Construction Equipment’s shares tumbled up to 12% after reporting lower revenue and profit sequentially. Astral saw its stock fall 8% after a 32.6% year-on-year drop in consolidated profit for Q1 FY26. Meanwhile, Titagarh Rail Systems climbed 5.2%, hitting an intraday peak of Rs 818, even as the company’s net profit plunged 54% year-on-year.

ALSO READMotilal Oswal’s 5 large cap picks for August, with up to 23% upside Top sectors in Tuesday’s trade

Some sectors showed positive momentum. Aquaculture led the gainers with a 2.48% increase in market capitalisation. The Automobiles sector also edged higher by 0.83%, followed closely by the Transport sector at 0.74%. The Beverages – Non-Alcoholic segment recorded a modest rise of 0.71%.

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