Barometers slide for 4th day, Nifty ends below 24,450, banks drag

On July 24, 2024, the Indian stock market continued its downward trend for the fourth consecutive day, with the Nifty index closing below 24,450. Banks led the decline, contributing significantly to the market's drop. Investor sentiment remained weak, driven by concerns over rising interest rates and economic uncertainties. The broader market faced selling pressure, affecting various sectors beyond banking. The overall market breadth was negative, reflecting widespread caution among investors. This persistent decline underscores ongoing challenges and market volatility.