{"id":6391,"date":"2026-07-08T17:54:47","date_gmt":"2026-07-08T12:24:47","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=6391"},"modified":"2026-07-08T17:54:48","modified_gmt":"2026-07-08T12:24:48","slug":"nifty-share-price-below-24400-sensex-drops-104-points","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/nifty-share-price-below-24400-sensex-drops-104-points\/","title":{"rendered":"Nifty Share Price Below 24,400; Sensex Drops 104 Points"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.eqwires.com\/tutorials\/wp-content\/uploads\/2026\/07\/image-1-1024x683.png\" alt=\"Nifty Share Price Below 24,400; Sensex Drops 104 Points\" class=\"wp-image-6392\" srcset=\"https:\/\/www.eqwires.com\/tutorials\/wp-content\/uploads\/2026\/07\/image-1-1024x683.png 1024w, https:\/\/www.eqwires.com\/tutorials\/wp-content\/uploads\/2026\/07\/image-1-300x200.png 300w, https:\/\/www.eqwires.com\/tutorials\/wp-content\/uploads\/2026\/07\/image-1-768x512.png 768w, https:\/\/www.eqwires.com\/tutorials\/wp-content\/uploads\/2026\/07\/image-1.png 1200w\" sizes=\"(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The Nifty share price slipped below the crucial 24,400 mark on Tuesday, July 7, 2026, as profit booking in the final hour of trade brought an end to Dalal Street&#8217;s four-session winning streak. Despite opening on a positive note, Indian benchmark indices lost momentum amid selling pressure in realty, metal, and energy stocks, while investors remained cautious ahead of the upcoming June-quarter earnings season.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The BSE Sensex declined 104.35 points (0.13%) to settle at 78,180.72, while the NSE Nifty 50 dropped 31.65 points (0.13%) to close at 24,398.70, after touching an intraday high of 24,531.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Market at a Glance<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Index<\/strong><\/td><td><strong>Closing<\/strong><\/td><td><strong>Change<\/strong><\/td><\/tr><tr><td><strong>Sensex<\/strong><\/td><td>78,180.72<\/td><td>\u25bc 104.35 (-0.13%)<\/td><\/tr><tr><td><strong>Nifty 50<\/strong><\/td><td>24,398.70<\/td><td>\u25bc 31.65 (-0.13%)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Profit Booking Ends the Rally<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The trading session began with optimism as benchmark indices extended their previous gains. However, strong profit booking by institutional investors during the last trading hour reversed the day&#8217;s momentum.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The cautious sentiment was largely driven by expectations surrounding the upcoming corporate earnings season, prompting traders to lock in profits after the recent rally. At one stage, the Sensex dropped more than 630 points from its intraday high before recovering some losses by the closing bell.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The overall stock and market sentiment remained weak, with 2,554 stocks declining, 1,492 advancing, and 155 remaining unchanged, indicating broad-based selling across sectors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Broader markets also underperformed the benchmark indices. The Nifty Midcap 100 fell 0.40%, while the Nifty Smallcap 100 declined 0.55%, reflecting continued pressure in the broader market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>IT Stocks Outperform Despite Market Weakness<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">While most sectors closed lower, the Nifty IT Index emerged as the biggest gainer of the session, rising approximately 2.4%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strong buying interest in Infosys share price, along with gains in Tech Mahindra and HCL Technologies, supported the technology sector as investors positioned themselves ahead of quarterly earnings announcements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Consumer Durables Index also ended 0.9% higher, led by Titan Company after the company reported an encouraging first-quarter business update.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Realty, Metal and Energy Stocks Lead the Decline<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Selling pressure was most visible across cyclical sectors.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Nifty Realty:<\/strong> \u25bc 1.58%<\/li>\n\n\n\n<li><strong>Nifty Metal:<\/strong> \u25bc 1.10%<\/li>\n\n\n\n<li><strong>Nifty Energy:<\/strong> \u25bc 0.70%<\/li>\n\n\n\n<li><strong>Nifty Pharma:<\/strong> \u25bc 0.70%<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Among individual stocks, Trent was the biggest loser on the Nifty 50, falling more than 12% after its business update failed to meet market expectations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, heavyweight stocks including Reliance share price, HDFC Bank share price, and SBI share price remained in focus as investors adjusted their portfolios ahead of the earnings season.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Why Did the Market Fall?<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Key Reason<\/strong><\/td><td><strong>Impact on Market<\/strong><\/td><\/tr><tr><td>Profit Booking<\/td><td>Ended the four-day rally<\/td><\/tr><tr><td>Earnings Season Caution<\/td><td>Investors reduced risk exposure<\/td><\/tr><tr><td>Weak Global Cues<\/td><td>Increased selling pressure<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Global Markets Add to Investor Caution<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Global markets also provided little support to domestic equities. Most Asian markets ended lower, with Japan&#8217;s Nikkei falling more than 2%, while South Korea&#8217;s KOSPI also witnessed sharp declines due to weakness in technology stocks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The mixed global outlook further encouraged investors to book profits after the recent gains in Indian equities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Market Insights by Eqwires<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Volatile markets often create opportunities for disciplined traders and investors. Eqwires, a SEBI-registered Research Analyst, provides research-backed market insights designed to help traders make informed decisions across changing market conditions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whether you are looking for intraday trading calls, swing trading ideas, options and F&amp;O strategies, or long-term equity recommendations, Eqwires offers professional research supported by technical and fundamental analysis. With timely market updates and expert guidance, traders can better navigate volatility while managing investment risks effectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.eqwires.com\/tutorials\/who-is-the-best-sebi-registered-investment-advisor-in-i\"><strong>Eqwires Research Analyst<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.eqwires.com\/\"><strong>Top-notch SEBI registered research analyst<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.eqwires.com\/\"><strong>Best SEBI registered Intraday tips provider<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>info@eqwires.com<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/t.me\/eqwires\"><strong>Telegram <\/strong><\/a><strong>| <\/strong><a href=\"https:\/\/www.facebook.com\/eqwires\/\"><strong>Facebook <\/strong><\/a><strong>| <\/strong><a href=\"https:\/\/instagram.com\/Eqwires\"><strong>Instagram<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Call: +91 9624421555 \/ <\/strong><strong><em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"http:\/\/www.eqwires.com\/\"><strong>www.eqwires.com<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nifty share price slipped below the crucial 24,400 mark on Tuesday, July 7, 2026, as profit booking in the final hour of trade brought an end to Dalal Street&#8217;s four-session winning streak. Despite opening on a positive note, Indian benchmark indices lost momentum amid selling pressure in realty, metal, and energy stocks, while investors remained cautious ahead of the upcoming June-quarter earnings season. The BSE Sensex declined 104.35 points (0.13%) to settle at 78,180.72, &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/nifty-share-price-below-24400-sensex-drops-104-points\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nifty Share Price Below 24,400; Sensex Drops 104 Points&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-6391","post","type-post","status-publish","format-standard","hentry","category-best-sebi-registered-advisory-company"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/6391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=6391"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/6391\/revisions"}],"predecessor-version":[{"id":6393,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/6391\/revisions\/6393"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=6391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=6391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=6391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}