Top Gainers & Losers Today: BLS International, Balrampur Chini, HAL and Bank of Baroda Among Major Decliners

Top Gainers & Losers on August 24, 2026

The Indian stock market ended lower on Monday, August 24, as weakness in global markets, elevated crude oil prices and geopolitical uncertainty continued to influence investor sentiment.

The Nifty 50 closed 0.14% lower at 24,219, while the S&P BSE Sensex declined 0.22% to 77,370.

Broader market indices also reflected the weak sentiment, with the Nifty Midcap 100 and Nifty Smallcap 100 ending the session in negative territory.

Financial stocks faced notable selling pressure during the session, while auto and FMCG shares also remained under pressure.

Market Snapshot

Nifty 50: 24,219, down 0.14%

Sensex: 77,370, down 0.22%

Broader Market: Nifty Midcap 100 and Nifty Smallcap 100 ended lower

Major Concerns: Elevated crude oil prices, geopolitical uncertainty, global bond market pressure and mixed global cues

Why Did the Indian Stock Market Decline?

The market remained cautious as investors tracked developments in global bond markets and the Middle East geopolitical situation.

Elevated government borrowing concerns and inflation-related uncertainty continued to keep global bond yields under pressure. Higher bond yields can influence risk appetite across global equity markets.

Meanwhile, crude oil prices remained elevated despite a modest decline during the session. Investors continued to monitor developments surrounding the US and Iran, including potential new economic measures and their possible impact on global energy supplies.

Domestic market sentiment was also affected by selling in major sectors, particularly financial stocks.

Nifty 50 Technical Levels to Watch

According to the market commentary referenced in the source analysis, several key levels are being closely watched.

Important Nifty 50 Levels

Immediate Support: 24,150

First Resistance: 24,200

Important Higher Zone: 24,200–24,300

Lower Psychological Zone: 24,000

Market behaviour around these levels may provide additional clarity regarding short-term momentum.

A sustained move above the 24,200–24,300 zone may improve the recovery structure, while a decisive move below 24,150 could increase pressure towards the 24,000 region.

Major Losers on August 24

1. BLS International Leads the Declines

BLS International emerged as one of the biggest decliners among the major stocks mentioned in the market session.

The stock declined approximately 10.5% to ₹242, following media reports alleging visa fraud.

The sharp movement placed BLS International among the most closely watched stocks on the losing side during the session.

2. Aegis Logistics

Aegis Logistics also witnessed renewed selling pressure and declined approximately 5.4% to ₹1,342.

The stock was among the notable laggards in the broader market.

3. Schneider Electric

Schneider Electric continued its recent losing streak, declining approximately 5% to ₹1,155.

The decline extended the stock's weakness for the fourth consecutive session and took it to its lowest level in more than two months.

4. Gabriel India

Gabriel India also extended its losing streak to a fourth consecutive session.

The stock declined approximately 4.3% to ₹1,359 during the session.

Other Notable Decliners

Several other stocks declined more than 3%, including

• Tenneco Clean Air
• Coromandel International
• Balrampur Chini Mills
• CreditAccess Grameen
• Godrej Industries
• KPR Mill
• Five-Star Business Finance
• Cohance Lifesciences
• Tata Technologies
• Poonawalla Fincorp
• Zee Entertainment

The broad-based weakness reflected continued caution across several segments of the market.

PSU Bank Stocks Under Pressure

PSU banking stocks also remained under pressure during the session.

Bank of Baroda

Bank of Baroda was among the weaker PSU bank stocks, declining approximately 2.4%.

Canara Bank

Canara Bank also ended lower, declining approximately 2.2%.

The movement in banking stocks contributed to the broader pressure on the financial sector.

Top Gainers on August 24

Despite the weak overall market environment, several stocks attracted buying interest and ended the session higher.

1. Vishal Mega Mart

Vishal Mega Mart was among the notable gainers, rising approximately 9.4%.

The stock gained attention after the company announced the reappointment of Gunender Kapur as its managing director and chief executive officer.

The announcement helped the stock stand out despite the broader weakness in the market.

2. IDBI Bank

IDBI Bank shares closed approximately 7% higher at ₹88.50.

The stock had moved sideways for more than five weeks before showing strong movement during the session.

3. Urban Company

Urban Company continued its positive momentum, rising approximately 6.46%.

The stock settled around a 10-month high of ₹168.

Its performance was notable given the overall weakness across the broader market.

4. Muthoot Finance

Muthoot Finance gained approximately 5.6% to ₹3,199.

The continued strength in gold prices remained an important factor keeping the stock in market focus.

5. PTC Industries

PTC Industries remained higher for the second consecutive session and gained approximately 5% to ₹21,670.

Other Notable Gainers

Several other stocks gained more than 3%, including

• Capri Global Capital
• HFCL
• Hexaware Technologies
• Engineers India
• Siemens
• Zydus Wellness
• Redington
• Welspun Corp
• Prime Focus

Top Gainers and Losers: Quick Market Snapshot

Major Gainers

Vishal Mega Mart: Approximately +9.4%

IDBI Bank: Approximately +7%

Urban Company: Approximately +6.46%

Muthoot Finance: Approximately +5.6%

PTC Industries: Approximately +5%

Major Losers

BLS International: Approximately -10.5%

Aegis Logistics: Approximately -5.4%

Schneider Electric: Approximately -5%

Gabriel India: Approximately -4.3%

Bank of Baroda: Approximately -2.4%

Canara Bank: Approximately -2.2%

Key Market Factors to Watch

Several factors may continue to influence Indian market sentiment in the coming sessions.

Crude Oil Prices

Crude oil prices remain an important factor for the Indian market. Although prices eased modestly during the session, they remained elevated.

US-Iran Geopolitical Developments

Developments involving the US and Iran remain a significant source of uncertainty for global financial and commodity markets.

Global Bond Markets

Elevated global bond yields continue to influence risk appetite and equity market sentiment.

Banking Sector Movement

Financial stocks experienced selling pressure during the session, making the sector's future price behaviour an important factor to monitor.

Nifty 50 Technical Zones

The 24,150 support zone and the 24,200–24,300 resistance area remain important levels for the short-term market structure.

TrendRipperX Market View

The August 24 session reflected a cautious and selective market environment.

While the headline indices ended lower, individual stocks showed significant divergence. BLS International led the notable declines, while stocks such as Vishal Mega Mart, Urban Company, IDBI Bank and Muthoot Finance demonstrated relative strength.

This divergence highlights how company-specific developments and sector-level factors can create substantial differences in stock performance even when the broader market remains under pressure.

For the broader market, crude oil prices, geopolitical developments, global bond yields and the Nifty 50's behaviour around key technical zones may remain important factors in the coming sessions.

Key Takeaways

• The Nifty 50 closed at 24,219, down 0.14%.

• The Sensex ended at 77,370, down 0.22%.

• Financial, auto and FMCG stocks faced selling pressure.

• BLS International was among the biggest decliners, falling approximately 10.5%.

• Vishal Mega Mart was among the notable gainers, rising approximately 9.4%.

• Urban Company gained approximately 6.46% and reached a 10-month high.

• IDBI Bank rose approximately 7%.

• Elevated crude oil prices and geopolitical uncertainty continued to influence sentiment.

• The 24,150 level remains an important Nifty 50 support area.

• The 24,200–24,300 zone remains an important area to watch on the higher side.

Disclaimer

This article is published solely for educational and informational purposes.

TrendRipperX is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser or Research Analyst.

The market data, stock movements and technical levels mentioned in this article are intended for general market awareness and educational analysis only.

They should not be interpreted as a guarantee of future returns or a recommendation to buy, sell or hold any security.

This article does not constitute financial, investment, trading, legal or tax advice. Market conditions can change rapidly, and readers should conduct their own research and consult a SEBI-registered financial professional before making any financial or investment-related decisions.