Nifty ends lower for third straight session

22 Jul 2026 Evaluate

Nifty continued its weak trend for the third consecutive day and closed Wednesday’s session below the crucial 24,000 mark, as ongoing West Asia tensions and a spike in crude oil prices weighed on investors’ sentiments. Market made a gap-down start and remained under pressure throughout the day, as traders were concerned with US President Donald Trump’s proposed tariffs of up to 200% on generic drug imports into the United States. Besides, heavy selling in almost all the sectors dragged the market lower. Meanwhile, traders took a note of Finance Minister Nirmala Sitharaman’s statement that the rupee's value against the US dollar is market-determined and there is no target or specific band for the domestic currency. Finally, Nifty ended lower with cut of 0.79%.

Most of the sectorial indices ended in red except FMCG and Auto stocks. The top gainers from the F&O segment were Bajaj Auto, Nestle India and TVS Motor Company. On the other hand, the top losers were Bandhan Bank, Oracle Financial Services Software and PG Electroplast. In the index option segment, maximum OI continues to be seen in the 23900 - 24100 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 increased by 5.49% and reached 13.29. The 50 share Nifty down by 191.45 point or 0.79% to settle at 23,996.25.

Nifty July 2026 futures closed at 23982.00 (LTP) on Wednesday, at a discount of 14.25 points over spot closing of 23996.25, while Nifty August 2026 futures ended at 24077.10 (LTP), at a premium of 80.85 points over spot closing. Nifty July futures saw an addition of 2,961 units, taking the total open interest (Contracts) to 2,23,471 units. The near month derivatives contract will expire on July 28, 2026. (Provisional)

From the most active contracts, HDFC Bank July 2026 futures traded at a premium of 0.50 points at 754.40 (LTP) compared with spot closing of 753.90. The numbers of contracts traded were 78,241. (Provisional)

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