Closing Bell: Nifty 50 Dips as Financials Drag; Metals, IT Show Resilience | 24 Aug 2026, 03:45 PM IST
By ThePip Desk
Nifty 50 finished Monday’s session lower at 24182.80, declining by 69.20 points. Financial stocks were the primary drag, while Metal and IT sectors offered some support. This marked a cautious start to the week for Indian equities.
Indian equity benchmarks concluded Monday’s session on a subdued note, with key indices recording declines. These are the final settled closing figures for Monday, 24 August 2026.
The Nifty 50 settled at 24182.80, marking a decline of 69.20 points or 0.29%. The broader market sentiment was also reflected in the Nifty Bank, which finished lower at 57419.45, down 342.50 points or 0.59%. In contrast, the NIFTY Midcap 100 showed marginal stability amidst the broader weakness, ending at 63733.15, with a negligible decline of 2.60 points or 0.00%, indicating resilience in mid-cap segments.
Key Index Performance
| Index | Close | Change | Change % |
|---|---|---|---|
| Nifty 50 | 24182.80 | −69.20 | −0.29% |
| Nifty Bank | 57419.45 | −342.50 | −0.59% |
| NIFTY Midcap 100 | 63733.15 | −2.60 | −0.00% |
Top Gainers and Losers
The market witnessed a divergence in performance across individual stocks. Metal sector heavyweights were among the top performers, with Hindalco Industries Ltd. leading the charge, gaining +1.89% to close at ₹1053.5. JSW Steel Ltd. also saw robust gains, rising +1.72% to ₹1316, followed by Tata Steel Ltd. which advanced +1.26%. Technology stocks like HCL Technologies Ltd. and Infosys Ltd. also posted modest gains, indicating selective buying interest in these segments.
Conversely, financial services stocks, particularly those in the insurance and non-banking financial company (NBFC) space, experienced significant selling pressure. SBI Life Insurance Company Ltd. was the top loser, declining −1.62% to ₹1763.9. Bajaj Finance Ltd. and Bajaj Finserv Ltd. also saw notable drops of −1.47% and −1.40% respectively. State Bank Of India (SBIN) also closed lower by −1.20%.
| Company | Close (₹) | Change % |
|---|---|---|
| Gainers | ||
| Hindalco Industries Ltd. (HINDALCO) | 1053.5 | +1.89% |
| JSW Steel Ltd. (JSWSTEEL) | 1316 | +1.72% |
| Dr. Reddy’s Laboratories Ltd. (DRREDDY) | 1190.9 | +1.38% |
| Tata Steel Ltd. (TATASTEEL) | 185.31 | +1.26% |
| HCL Technologies Ltd. (HCLTECH) | 1318 | +1.19% |
| Tata Consumer Products Ltd. (TATACONSUM) | 1057.9 | +0.85% |
| Bajaj Auto Ltd. (BAJAJ-AUTO) | 11795 | +0.81% |
| Infosys Ltd. (INFY) | 1129.5 | +0.76% |
| Sun Pharmaceutical Industries Ltd. (SUNPHARMA) | 1913.1 | +0.56% |
| Hindustan Unilever Ltd. (HINDUNILVR) | 2025.4 | +0.52% |
| Losers | ||
| SBI Life Insurance Company Ltd. (SBILIFE) | 1763.9 | −1.62% |
| Bajaj Finance Ltd. (BAJFINANCE) | 1078.9 | −1.47% |
| Bajaj Finserv Ltd. (BAJAJFINSV) | 2004 | −1.40% |
| Tata Motors Passenger Vehicles Ltd. (TMPV) | 313.55 | −1.37% |
| Max Healthcare Institute Ltd. (MAXHEALTH) | 986.4 | −1.36% |
| Hero MotoCorp Ltd. (HEROMOTOCO) | 5659 | −1.33% |
| Bharat Electronics Ltd. (BEL) | 408.65 | −1.29% |
| Shriram Finance Ltd. (SHRIRAMFIN) | 1115.6 | −1.27% |
| Adani Ports and Special Economic Zone Ltd. (ADANIPORTS) | 1678.6 | −1.26% |
| State Bank Of India (SBIN) | 1036.1 | −1.20% |
Institutional Flow
Foreign Institutional Investors (FIIs) continued their selling streak, registering net outflows of ₹542.71 crore on Monday. This marks the second consecutive session of FII selling, following outflows of ₹583.36 crore on August 20. In contrast, Domestic Institutional Investors (DIIs) remained strong buyers, providing crucial support to the market with net purchases amounting to ₹2124.14 crore. DII activity has been consistently positive, including net buying of ₹3537.71 crore on August 20 and ₹3973.72 crore on August 19, largely absorbing the FII selling pressure.
Corporate News Highlights
Among individual stock developments, Dr. Reddy’s Laboratories Ltd. (DRREDDY) was in focus after informing about a newspaper publication. Significantly, the USFDA completed its Good Manufacturing Practices (GMP) inspection at the company’s Hyderabad manufacturing facility. This inspection, conducted from August 6, 2026, to August 14, 2026, is a key regulatory event for the pharmaceutical major. Additionally, Hindalco Industries Ltd. (HINDALCO) released a press statement and provided an update, the specifics of which were not detailed in the available information.
As the market looks towards Tuesday’s session, participants will be closely watching for any further corporate announcements, particularly regarding regulatory outcomes and global market trends, which could influence early trading.