Top Gaines & Losers on 24 July: Syrma SGS Tech, HFCL, Swiggy, Eternal, Hero MotoCorp among top losers

The Indian stock market extended its losing streak for a fifth consecutive session on Friday, July 24, as investors continued to assess mounting geopolitical risks to global energy supplies. Weaker-than-expected June-quarter earnings from IT major Infosys and airline operator IndiGo further dampened market sentiment.

After declining 0.53% in the previous session, the Nifty 50 slipped another 0.43% to close below the 23,800 mark at 23,767. The S&P BSE Sensex also ended 0.43% lower at 76,408, extending its losing streak to a fifth straight session.

For the week, both the Nifty 50 and Sensex declined more than 2.5%, marking their worst weekly performance in four months.

The broader market also ended in the red, with the Nifty Midcap 100 and Nifty Smallcap 100 indices falling 0.10% and 0.32%, respectively.

Hostilities in the Middle East entered their 13th consecutive day, with tensions escalating further after Yemeni Houthi fighters reportedly struck two Saudi oil tankers in the Red Sea, extending the conflict to a second major global shipping chokepoint.

U.S. President Donald Trump vowed "major military punishment" for Iran and its Houthi allies over the attacks.

Meanwhile, crude oil prices remained under pressure to the upside and were on track for another double-digit weekly gain, after surging nearly 15% last week.

Persistently higher crude oil prices pose a significant risk to India—the world's third-largest importer and consumer of crude oil—as they could fuel inflation, widen the trade deficit, and weigh on economic growth and corporate profitability.

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.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Log in to our website to save your bookmarks. It'll just take a moment.

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.