Nifty slips below 24,500 as financials weigh; CPI data eyed
The Nifty 50 dropped 97 points to 24,487, dragged by financials ahead of July inflation data. Gains in pharma, auto, and energy capped losses, with retail sentiment staying bullish on Stocktwits. Alkem Labs jumped 7% on earnings, while Praj Industries hit a 2-year low. Analyst Priyank Sharma sees MCX testing ₹9,100-10,000 if support at ₹7,600 holds.