Archive · 24 Jul 2026
Indian Stock Market Faces Selloff Amid Global Uncertainty
The Indian stock market is expected to have a bad day on Friday because of problems happening around the world.
The main stock indexes, Nifty 50 and Sensex, have been going down for four days in a row.
An expert named Chandan Taparia thinks that the market will keep going down unless it goes above certain levels.
However, he also recommends buying shares of three companies: Manappuram Finance, Eicher Motors, and Sun Pharmaceutical Industries because they are doing well.
Indian stock market is poised for a selloff on Friday due to global uncertainties and rising crude oil prices.
Nifty 50 and Sensex have been falling for four consecutive sessions.
Chandan Taparia predicts further weakness in Nifty 50 and Bank Nifty unless they surpass certain levels.
Taparia recommends buying Manappuram Finance, Eicher Motors, and Sun Pharmaceutical Industries shares.
Manappuram Finance shows a range breakout with strong volume support, Eicher Motors has a consolidation breakout, and Sun Pharmaceutical Industries is in an uptrend.
- Who
- Chandan Taparia, Head Derivatives & Technicals at Motilal Oswal Financial Services Ltd
- What
- Indian stock market faces selloff due to global uncertainties and rising crude oil prices
- When
- 24 July 2026
- Where
- India
- Why
- Escalating US-Iran war and sharp surge in crude oil prices have dented investor sentiment
Bullish Outlook
Bearish Outlook
Market Sentiment
Bullish Outlook
Some stocks like Manappuram Finance, Eicher Motors, and Sun Pharmaceutical Industries show bullish trends with strong volume support.
Bearish Outlook
Overall market sentiment is bearish due to global uncertainties and falling indices.
- Date
- 24 July 2026
- Gift Nifty Level
- 23,667
- Nifty 50 Close
- 23,869.60
- Sensex Close
- 76,391.39
- Bank Nifty Close
- 56,592.00
- Recommended Stocks
- Manappuram Finance, Eicher Motors, Sun Pharmaceutical Industries