Closing Bell: Nifty 50 Slumps 1.54% as Financial Stocks Lead Broad Market Sell-off | 24 Sept 2026, 03:45 PM IST
By ThePip Desk
The Nifty 50 closed at 23085.60 on Thursday, 24 September 2026, as a sharp decline in financial and midcap stocks weighed heavily on investor sentiment.
Market Overview
Indian equity markets witnessed a sharp correction during the trading session on Thursday, 24 September 2026. The Nifty 50 settled at 23085.60, marking a decline of -361.20 points or -1.54%. The Nifty Bank index mirrored this weakness, finishing at 55464.70, down -1084.20 points or -1.92%. The broader market sentiment was even more subdued, with the NIFTY Midcap 100 index closing at 60940.25, reflecting a loss of -1456.20 points or -2.33%.
| Index | Close | Change | Change % |
|---|---|---|---|
| Nifty 50 | 23085.60 | -361.20 | -1.54% |
| Nifty Bank | 55464.70 | -1084.20 | -1.92% |
| NIFTY Midcap 100 | 60940.25 | -1456.20 | -2.33% |
Top Movers
In a session dominated by selling pressure, only a few stocks managed to stay in the green. Cipla Ltd. (CIPLA) gained +1.16% to close at ₹1399, while NTPC Ltd. (NTPC) finished marginally higher at ₹326.2, up +0.06%. Conversely, Bajaj Finance Ltd. (BAJFINANCE) saw a significant drop of -5.87%, closing at ₹982. HDFC Life Insurance Company Ltd. (HDFCLIFE) also faced selling pressure, ending at ₹529.25, down -5.74%.
Corporate Developments
Cipla Ltd. (CIPLA) remained in focus as its arm partnered with Qilu for the licensing and supply of QL2107. Meanwhile, Bajaj Finance Ltd. (BAJFINANCE) announced raising ₹2050.02 crore and ₹5000 crore via Non-Convertible Debentures, which are proposed for listing on the Wholesale Debt Market Segment of the BSE.