Closing Bell: Sensex Falls 592 Points, Nifty Ends Below 24,700; Hero MotoCorp, HUL, Asian Paints Shine

Stock market closed in the red on Monday, with benchmark indices retreating from previous gains due to profit booking. The BSE Sensex ended the day down 592.62 points or 0.73% at 80,870.48, while the NSE Nifty slipped 156.10 points or 0.63% to close at 24,680.90.

The Indian equity market is opened on lower on Monday, July 28, amid mixed global signals and continued investor caution. At the market open, the BSE Sensex index traded lower at 81,155 points, reflecting a decline of 306 points, or 0.38 percent. Similarly, the Nifty 50 index opened in the red, hovering around 24,744 points, down by 93 points, which translates to a 0.37 percent drop.

Early trends on the GIFT Nifty indicate a flat-to-negative start for domestic indices, with the Nifty futures trading at 24,833.50, down 8.5 points or 0.03%.

Indian Stock Market Recap

This comes after a sharp fall in the Indian stock market on Friday, where both benchmark indices closed at a one-month low. The BSE Sensex dropped 721 points, or 0.88%, to settle at 81,463, while the NSE Nifty 50 ended lower, extending what has now become the longest weekly losing streak of 2025. The decline was driven by weak Q1 earnings, persistent foreign institutional investor (FII) outflows, and rising global trade tensions.

Global Markets: Mixed Asian Trends, Positive Wall Street Close

Asian equities traded mixed on Monday morning as investors remained cautious over global trade developments and upcoming central bank decisions. On the other hand, Wall Street closed the previous week on a positive note. US stock futures edged higher after former President Donald Trump signed a framework trade agreement with the European Union, boosting investor sentiment.

Currency Market Update

In the currency markets, the US dollar edged slightly lower while the euro gained ground following the US-EU trade accord. The US Dollar Index dipped 0.1% to 97.534. Against the Japanese yen, the dollar remained largely flat at 147.68. The euro rose to $1.1763, up 0.2%, while the British pound traded marginally lower at $1.3438, down 0.1%.