Sensex today | Stock Market Highlights: Sensex drops 442 pts to end at 77,708, Nifty closes below 24,240; Axis Bank, HDFC Bank fall most

Sensex Today, Nifty 50 | Stock Market Highlights: Benchmark indices Sensex and Nifty closed lower on Monday, dragged down by heavy selling in blue-chip bank stocks HDFC Bank and Axis Bank amid margin-related concerns and a flare-up in US-Iran tensions.

The 30-share BSE Sensex declined 442.93 points, or 0.57 per cent, to settle at 77,708.52. During the day, it tanked 783.16 points, or 1 per cent, to 77,368.29.

The 50-share NSE Nifty edged lower by 95.80 points, or 0.39 per cent, to end at 24,238.50.

Among Sensex shares, Axis Bank was the biggest loser, dropping by 5.48 per cent after its quarterly results over the weekend. HDFC Bank declined by 5.12 per cent.

“HDFC Bank has disappointed, particularly on the NIM front,” V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

Maruti, Kotak Mahindra Bank, Infosys, Tata Consultancy Services, Mahindra & Mahindra and Bharat Electronics were also among the laggards from the blue-chip pack.

Trent, Power Grid, NTPC and Bharti Airtel were among the gainers.

Sovereign Gold Bond investors enjoy 34-44% returns despite gold price corrections, though tax changes affect new investor appeal.

Hyundai Motor India has integrated 30,000 EV charging points into the myHyundai app and plans to expand its fast-charging network to 600 stations by 2030.

The rupee fell to a two-month low as Brent crude hovered near $90 amid Middle East tensions. RBI intervention helped limit losses against the dollar.

Bajaj Life Insurance has launched the Nifty 200 Value 30 Index Fund under its ULIPs, offering policyholders a value investing strategy alongside life insurance protection. Tracking the Nifty 200 Value 30 Index, the fund invests in 30 value-oriented companies selected through a transparent, rules-based methodology. The NFO, open from 14th to 27th July 2026 , is designed for long-term investors seeking disciplined wealth creation.

UltraTech Cement reports 17% profit rise and plans significant capacity expansion by fiscal 2028 amid strong sales volumes.

It has already raised $300 million in FCNR (B) deposits alone as of date.

Tata Elxsi has received the order from the Commissioner of Income Tax (Appeals) [CIT(A)] in respect of its appeal against the penalty levied under Section 271(1) of the Income Tax Act, amounting to Rs. 67 lakh.

Tata Motors will launch the India-made Nexon as the Tata Osprey in South Africa, highlighting the growing global role of Indian-built vehicles and exports.

Honeywell Aerospace secures avionics deal with IndiGo for 810 A320neo aircraft and runway safety tech for Aeromexico's fleet.

Smartworks leases 1,100 desks to L&T Technology Services in Pune, expecting ₹55 crore rental income over five years.

Aurum PropTech reports ₹45 crore net profit in Q1 2026-27, driven by higher revenue and property sales gains.

Lohia Corp's ₹1,102 crore IPO opens July 23 at ₹404-425 per share, entirely an OFS by existing shareholders.

Total income rose to ₹10,938 crore during the April-June period from ₹8,866.47 crore a year earlier, the bank said in a stock exchange filing

IL&FS Group repays ₹50,387 crore of debt by June 2026, achieving 82.6% of its resolution target amid ongoing asset resolution efforts.

Shares were down 4% to Rs 298.25 on the NSE.

Under this new agreement, DRF will train and facilitate the placement of 1,250 PwDs by March 2028. 

Nifty 50 ▼87.95 pts or 0.36% at 24,246.35.

Q1 Results Today, 20th July 2026 Live Updates: Find all the latest Q1 results 2026 updates of UltraTech Cement, Indian Overseas Bank, Authum Investment & Infrastructure, Karur Vysya Bank, Shyam Metalics & Energy, Central Mine Planning & Design Institute, Sobha, Canara HSBC Life Insurance Company, Action Construction Equipment, Jaiprakash Power Ventures, Transformers and Rectifiers India, Bluestone Jewellery and Lifestyle, SG MART, SML Mahindra, Rallis India, Swaraj Engines, Tourism Finance Corporation of India, Mahindra Logistics, D. P. Abhushan, Indo Thai Securities, Vi...