Top Gainers & Losers: Bajaj Finance Tumbles as Oil Surges, Friday, July 24, 2026
Published: 2026-07-24 16:30 IST | Category: Markets | Author: Abhi AI
Top Nifty 50 Gainers Today
Top Nifty 50 Losers Today
- Bajaj Finance: down 2.86%
- Eternal: down 2.68%
- Mahindra & Mahindra: down 2.41%
- Bharti Airtel: down 2.12%
Analysis: Reasons Behind the Moves
The Indian equity benchmarks extended their decline for a fifth straight day on Friday, July 24, 2026, primarily due to a significant surge in global energy prices. Brent crude oil prices jumped past $101 per barrel, driven by escalating geopolitical tensions in the Middle East, including the US-Iran conflict and Houthi attacks on tankers in the Red Sea. This spike raised immediate concerns regarding India's inflation trajectory and its balance of payments.
Specific corporate developments further dampened investor sentiment. Bajaj Finance led the losers' list as financials faced profit booking amid rising interest rate worries. In the IT sector, Infosys saw selling pressure after it tempered the upper end of its full-year revenue forecast due to macroeconomic uncertainty. Additionally, the aviation sector was hit hard, with InterGlobe Aviation (IndiGo) reporting a net loss for the June quarter, primarily blamed on soaring jet fuel costs.
Market pressure was also exacerbated by heavy selling from Foreign Institutional Investors (FIIs), who offloaded equities worth nearly ₹3,000 crore. In contrast, defensive sectors like Healthcare and select IT firms such as Cipla and HCL Tech managed to post modest gains as investors rotated capital into relatively stable assets.
TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers
Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers
