Market Highlights: Nifty 50 Trades Lower as Key Indices See Mid-Session Declines | 24 Aug 2026, 02:00 PM IST
By ThePip Desk
The Nifty 50 is trading at 24165.20, down 87 points, while Nifty Bank also sees declines. Midcap remains flat as broader markets show mixed sentiment.
Welcome to ThePip.in’s Market Highlights for Monday, 24 August 2026, intraday. Indian equity markets are displaying a cautious tone this afternoon, with benchmark indices trading in negative territory as investors assess current market dynamics.
Major Indices Performance
| Name | Current | Change | Change% |
|---|---|---|---|
| Nifty 50 | 24165.20 | −87 pts | −0.36% |
| Nifty Bank | 57342.10 | −420 pts | −0.73% |
| NIFTY Midcap 100 | 63734.45 | −1 pts | −0.00% |
As of Monday, 24 August 2026, intraday, the bellwether Nifty 50 index is trading at 24165.20, registering a decline of −0.36%, which translates to a loss of 87 points. The Nifty Bank index is experiencing a more pronounced downturn, currently trading at 57342.10, down −0.73% or 420 points, reflecting weakness in the financial sector. In contrast, the NIFTY Midcap 100 index shows remarkable resilience, trading at 63734.45 and down only 1 point, a marginal −0.00%, suggesting that broader market segments are holding steady despite the pressure on large-cap indices.
Top Movers on Nifty 50
Among the constituents of the Nifty 50, Hindalco Industries Ltd. (HINDALCO) is leading the charge, currently trading at ₹1051.5 with a notable gain of +1.69%, adding +17.50 points. HCL Technologies Ltd. (HCLTECH) is also performing strongly, rising +1.34% to ₹1319.9, an increase of +17.40 points. Other prominent gainers include Tata Steel Ltd. (TATASTEEL), which is up +1.20% at ₹185.19, adding +2.19 points; JSW Steel Ltd. (JSWSTEEL), trading at ₹1307.5 with a gain of +1.07% or +13.80 points; and Dr. Reddy’s Laboratories Ltd. (DRREDDY), which is up +0.94% at ₹1185.8, adding +11.10 points.
| Gainer | Current Price | Change | Change% |
|---|---|---|---|
| Hindalco Industries Ltd. (HINDALCO) | ₹1051.5 | +17.50 pts | +1.69% |
| HCL Technologies Ltd. (HCLTECH) | ₹1319.9 | +17.40 pts | +1.34% |
| Tata Steel Ltd. (TATASTEEL) | ₹185.19 | +2.19 pts | +1.20% |
| JSW Steel Ltd. (JSWSTEEL) | ₹1307.5 | +13.80 pts | +1.07% |
| Dr. Reddy’s Laboratories Ltd. (DRREDDY) | ₹1185.8 | +11.10 pts | +0.94% |
On the downside, Bharat Electronics Ltd. (BEL) is currently the top loser, trading at ₹406.5, down −1.81% and shedding −7.50 points. Bajaj Finserv Ltd. (BAJAJFINSV) is also experiencing a significant decline, trading at ₹2002.9, down −1.46% or −29.60 points. Other key decliners include Power Grid Corporation Of India Ltd. (POWERGRID), which is at ₹268.55, down −1.41% or −3.85 points; State Bank Of India (SBIN), trading at ₹1034, down −1.40% or −14.70 points; and Adani Ports and Special Economic Zone Ltd. (ADANIPORTS), which is at ₹1676.9, down −1.36% or −23.10 points.
| Loser | Current Price | Change | Change% |
|---|---|---|---|
| Bharat Electronics Ltd. (BEL) | ₹406.5 | −7.50 pts | −1.81% |
| Bajaj Finserv Ltd. (BAJAJFINSV) | ₹2002.9 | −29.60 pts | −1.46% |
| Power Grid Corporation Of India Ltd. (POWERGRID) | ₹268.55 | −3.85 pts | −1.41% |
| State Bank Of India (SBIN) | ₹1034 | −14.70 pts | −1.40% |
| Adani Ports and Special Economic Zone Ltd. (ADANIPORTS) | ₹1676.9 | −23.10 pts | −1.36% |
FII and DII Activity
Examining the institutional flow data from the previous trading session on August 21, 2026, Foreign Institutional Investors (FIIs) demonstrated a net selling position, offloading equities worth −₹542.71 crore. This selling pressure was largely absorbed by Domestic Institutional Investors (DIIs), who provided robust buying support with net purchases amounting to a significant +₹2,124.14 crore, indicating strong domestic confidence offsetting foreign outflows.
Futures Market
Futures market data, including open interest and price movements, is currently unavailable for this mid-session update, limiting a comprehensive view of derivatives activity.
Overall, Indian equities are exhibiting a cautious sentiment mid-session, with major indices in the red while midcaps show relative stability, supported by domestic institutional buying.