Indian equity benchmark -- Nifty ended lower on Monday, due to escalating geopolitical tension between US-Iran and subsequent surge in cured oil prices. Index made a gap-down start following negative cues from other Asian Markets. Soon, index extended its losses and remained under pressure throughout the day as sentiment weakened following disappointing Q1 earnings from leading private banks. Besides, market participants remained cautious, as foreign institutional investors (FIIs) were net sellers on July 17, offloaded Indian equities worth Rs 376 crore. Meanwhile, traders overlooked Commerce and Industry Minister Piyush Goyal’s statement that India and the European Union (EU) are working on the proposed investment protection and GI (Geographical Indications) agreement after concluding a free trade agreement. Finally, Nifty ended below 24,250 mark.
Most of the sectorial indices ended in green led by PSU Bank, Pharma, and Media. The top gainers from the F&O segment were Punjab National Bank, JSW Energy and Torrent Pharmaceuticals. On the other hand, the top losers were Axis Bank, HDFC Bank and AU Small Finance Bank. In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 23900 - 24100 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 1.29% and reached 12.98. The 50 share Nifty down by 95.80 point or 0.39% to settle at 24,238.50.
Nifty July 2026 futures closed at 24269.00 (LTP) on Monday, at a premium of 30.50 points over spot closing of 24238.50, while Nifty August 2026 futures ended at 24364.00 (LTP), at a premium of 125.50 points over spot closing. Nifty July future
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: