Daily Derivative Report - 24th July, 2026 by Religare Broking Ltd
Market Outlook
The Indian market extended its losing streak for the fourth consecutive session, where the Nifty50 index opened on the negative note and witnessed a recovery towards the 24000 mark, but failed to hold at higher levels and fell towards the 23800 mark before settling the day with losses of half percent. The Banking index continued to underperform the broader market, ended the session lower by nearly one percent. From the derivatives perspective, significant Put unwinding at the 24,000 strike indicates weakening bullish sentiment and suggests that selling pressure may continue in the near term.

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