Stock Market Today Live Updates: Closing Bell | Nifty Crashes Below 24,600, Sensex Loses 586 Points; Pharma Sectore Bears Roar Loud

On August 1, Indian markets ended on a weak note with the Nifty slipping below 24,600. The Sensex dropped 585.67 points, or 0.72%, closing at 80,599.91, while the Nifty fell 203 points, or 0.82%, to 24,565.35. More shares declined (2,582) than advanced (1,264), signaling broad selling pressure.Pharma stocks like Sun Pharma, Dr Reddy’s Labs, and Cipla were among the biggest losers. Other major decliners included Adani Enterprises and Tata Steel. On the upside, companies like Trent, Asian Paints, Hero MotoCorp, HUL, and Nestle showed gains.Almost all sectors closed in the red except FMCG. Auto, realty, pharma, IT, metals, oil &...

India-US Export Snapshot:

• India exports about Dollar 85 billion worth of goods to the US.
• Around Dollar 40 billion worth will face tariffs due to Section 232 exemptions.
• Pharmaceuticals, electronics, and energy products remain tariff-exempt.
• Sensitive areas in negotiations include animal feed for US dairy, dairy products, and agriculture.

Are you an exporter or business owner impacted by these changes? How will these tariffs affect your plans? Keeping track of exemptions could help you navigate this evolving trade landscape.

Read More: U.S. Imposes 25% Tariff On All Indian Goods From August 7, 2025- Pharma, Electronics Hit Hard, No Exception!

• Nifty Bank down 0.6%
• Top losers (intra-day):
  • Federal Bank: ₹196.28, down 3.04%, volume 9.11 million
  • PNB: ₹103.07, down 2.19%, volume 14.16 million
  • IndusInd Bank: ₹782.60, down 2.04%, volume 4.33 million
  • IDFC First Bank: ₹67.51, down 1.82%, volume 12.55 million
  • Bank of Baroda: ₹234.64, down 1.36%, volume 4.46 million
  • Canara Bank: ₹105.81, down 1.34%, volume 12.26 million
  • ICICI Bank: ₹1,470.80, down 0.72%, volume 3.81 million
  • Axis Bank: ₹1,060.90, down 0.7%, volume 5.05 million
  • SBI: ₹792.95, down 0.45%, volume 12.42 million
  • HDFC Bank: ₹2,011.90, down 0.31%, volume 4.96 million
  • AU Small Finance Bank: ₹739.45, down 0.28%, volume 2.15 million

The Nifty index extended its losses on Thursday, dropping over 200 points to break below Tuesday’s low of 24,598. Market sentiment remained weak as investors reacted to mixed global cues and ongoing concerns about inflation and interest rate hikes. The broader market saw selling pressure across key sectors, including banking, IT, and auto stocks. Traders remained cautious ahead of upcoming corporate earnings and key economic data releases. The Nifty’s fall below 24,598 raises concerns of further downside, with analysts watching closely for support levels. Investors are advised to monitor market trends carefully as volatility persists.

The stock market faced a sharp decline as the Sensex fell over 350 points, reflecting a cautious investor mood. The Nifty hovered just below the 24,700 mark, showing signs of weakness amid global economic concerns and mixed domestic cues. Selling pressure intensified in sectors like banking, IT, and energy, dragging the indices down. Traders remain watchful as uncertainties around inflation and international trade tensions weigh on market sentiment. Investors are advised to stay alert and monitor key support levels in the coming sessions to navigate this volatile phase effectively.