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Sensex Today Tanks 715 Points | Nifty Below 24,000 | Marksans Pharma Down 7%
Wed, 22 Jul Closing

Sensex Today Tanks 715 Points | Nifty Below 24,000 | Marksans Pharma Down 7%Image source: DNY59/www.istockphoto.com

Although the benchmark indices opened lower, they traded negative throughout the session and ultimately closed red.

Indian equity benchmarks indices, Sensex and Nifty50 extended losses to the third session as realty and PSU bank shares weighed. Further, higher oil prices, due to West Asia tension, also dented risk sentiment.

At the closing bell, the BSE Sensex  closed points 715 lower (down 0.9%)

Meanwhile, the NSE Nifty closed 191 points lower (down 0.8%)

You can also visit our live blog section for real-time updates and deeper insights into the market.

HUL, NTPC, Titan Company were the top gainers today.

Axis Bank, SBI, ICICI Bank on the other hand, were among the top losers today.

The GIFT Nifty was trading at 23,966 with 203 points lower at the time of writing.

The BSE 150 Midcap index is trading 1% lower and the BSE 250 SmallCap index is trading 1.4% lower.

Sectoral indices were trading negative today with banking sector and realty sector selling pressure.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at Rs 96.5 against the US$.

Gold prices for the latest contract on MCX are trading 1.1% higher at Rs 1,44,534 per 10 grams.

Meanwhile, silver prices were trading 0.6% higher at 2,25,092 per 1 kg.

3 reasons why Indian share markets are falling:

#1 Pharma Stocks Fall on US Tariff Concerns

Pharma stocks fell after US President Donald Trump announced plans to impose tariffs on imported generic medicines in the coming years. The announcement raised concerns about the future earnings of Indian drugmakers, leading to selling across the sector.

#2 Brent Crude Rises Above $92

Crude oil prices climbed above $92 per barrel due to rising tensions in the Middle East. Higher oil prices could increase India's import bill, fuel inflation and raise costs for several businesses.

#3 Selling Pressure Across Sectors

Selling was seen across banking, IT and other sectors, pulling the broader market lower. However, auto stocks bucked the trend and gained after reporting strong quarterly business updates.

Speaking of stock markets, Rahul Shah, Research Analyst at Equitymaster, highlights the risks of rising valuations as investor money continues to flow into popular stocks and index funds.

He emphasizes that while passive investing is effective, investors should not ignore valuations, as even great assets can become poor investments when bought at excessive prices.

Watch the video below to know more.

HFCL Q1 Business Update

Shares of HFCL came into focus after the company reported its Q1 business update.

HFCL Ltd reported a strong performance in Q1FY27, with revenue increasing 119.85% year-on-year to Rs 19.15 bn compared with Rs 8.71 bn in Q1FY26. EBITDA surged over 930% to Rs 4.45 bn, while EBITDA margin expanded by 1,832 basis points to 23.25%.

The company's order book reached an all-time high of Rs 26.67 bn as of June 30, 2026, nearly five times its FY26 revenue.

HFCL is also expanding its Optical Fiber and Optical Fiber Cable manufacturing capacity through a new greenfield preform facility as part of its backward integration strategy.

HFCL continues to strengthen its Defence & Aerospace business through indigenous technology development, increased manufacturing capabilities, and strategic acquisition plans.

Cyient DLM Q1 Business Update

Shares of Cyient DLM came into focus after the company reported its Q1 business update.

Cyient DLM reported a strong Q1FY27 performance, with revenue rising 34.3% year-on-year to Rs 3,738 million, supported by strong growth in the aerospace and industrial segments.

EBITDA increased 56.2% YoY to Rs 392 million, with margins improving by 149 basis points to 10.5%, while profit after tax (PAT) surged 119% YoY to Rs 163 million.

The company achieved a record order book of Rs 25.99 bn, with a book-to-bill ratio of 1.5x and order inflows of Rs 5,519 million during the quarter.

Cyient DLM also added two new customers, completed NADCAP cable harness certification, and expects growth from the Honeywell Aerospace ramp-up over the next 18 months.

To know what's moving the Indian stock markets today check out the most recent share market updates here.

Read the latest Market Commentary


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