Top Gainers & Losers on 23 July: SRF, IndusInd Bank, Adani Green Energy, HFCL, CarTrade Tech among top losers

The bears tightened their grip on Dalal Street as the headline indices closed lower for the fourth consecutive session on Thursday, 23 July, slipping to one-week lows. Market sentiment remained fragile as hostilities in the Middle East continued to escalate, pushing crude oil prices back to multi-month highs.

Domestic factors also remained unfavourable, with sustained weakness in private sector banks and limited support from index heavyweights, causing the market to erase all of its recent gains.

After declining 0.79% in the previous session, the Nifty 50 extended its losses by another 0.53%, slipping below the 24,000 mark to close at 23,869. The S&P BSE Sensex also ended 0.45% lower at 76,408, following a nearly 1% decline on Wednesday.

The broader market witnessed even sharper selling pressure, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices closing more than 1% lower.

Barring the Nifty Auto index, all sectoral indices ended in the red, led by the Nifty Chemicals, Nifty Realty, Nifty Oil & Gas, and Nifty PSU Bank indices, each of which declined more than 1%.

For the 12th night, the US launched missile strikes on Iran, while President Donald Trump warned that Washington would target Iranian infrastructure, including bridges and power plants, every time Tehran attacked ships transiting the Strait of Hormuz.

There were few signs of either side backing down, while diplomatic efforts remained uncertain after Trump said Washington had "no interest in meeting" with Iran.

Meanwhile, US Secretary of State Marco Rubio, speaking at a regional summit in the Philippines, said Iran wants to talk but has yet to demonstrate that it is serious about reaching a deal.

Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends.

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