Stock Market Live Highlights: Closing Bell | Nifty Falls Below 24,600 Amid Financial Sector Weakness

The stock market witnessed a decline today as the Nifty index was unable to sustain its earlier gains and slipped below the 24,600 level, closing 45 points lower at 24,580. Similarly, the Sensex dropped by 207 points to close at 80,158.

Financial sector stocks underperformed, with leading banking stocks closing in negative territory. This contributed to the Nifty Bank index falling sharply by 341 points to 53,661. Conversely, the Midcap index registered gains, rising 152 points to reach 56,977.

Among individual stocks, Mahindra & Mahindra (M&M) was the top loser, declining over 2%, influenced by recent developments in the automobile sector. Public Sector Undertaking (PSU) stocks, including Power Grid and NTPC, attracted buying interest and were among the day’s leading gainers.

Investors should monitor these trends closely for potential market movements.

Prime Minister Modi’s recent statement at the Semicon event marks a pivotal moment in India’s tech journey. “Oil was black gold, but chips are digital diamonds,” he said, adding that India is no longer just a backend hub—it’s aiming to become a full-stack semiconductor nation. This vision could redefine India’s role in global tech manufacturing. Are we ready to see India emerge as a semiconductor powerhouse? Could this be the turning point where India shapes the future of digital infrastructure? The digital diamond rush has begun. 

The Indian Rupee opened 5 paise higher at 88.15 against the US dollar amid ongoing uncertainty over US tariffs, reflecting cautious market sentiment despite global trade tensions.

Sensex closed strong on Monday, gaining 568 points to reach 80,377, while Nifty climbed nearly 200 points to 24,625.

Which sectors led the charge? Auto, IT, and metals showed impressive strength, driving the market higher.

Did you notice the market breadth? With 2,681 shares advancing compared to 1,320 declining, optimism was clear. How did your portfolio perform? This positive momentum sets a promising tone for the week ahead.

Stay tuned, and let’s see if the rally continues!

Markets are starting the week with a cautiously optimistic tone. GIFT Nifty is pointing to a gap-up opening, hinting at strong domestic momentum. In Asia, most markets are trading higher as investors track developments from the SCO Summit while keeping an eye on new tariff tensions.

Meanwhile, US futures are mixed, and Wall Street was closed for Labor Day, offering limited overnight cues. On the commodities front, gold is inching up, and silver just hit a 14-year high, reflecting safe-haven demand. Oil prices are also rising amid concerns over increasing global output.

Are you positioned for the week?

GIFT Nifty is trading at 24,751, up 6.50%, signaling strong market sentiment and a potentially positive opening for indices.