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In the cash market, the Nifty 50 index declined 225.10 points or 0.90% to 24,837.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 5.15% to 11.28.
Bajaj Finance, Shriram Finance and Axis Bank were the top traded individual stock futures contracts in the F&O segment of the NSE.
The June 2025 F&O contracts will expire on 31 July 2025.
Axis Bank has allotted 67,820 equity shares of Rs. 2/- each of the Bank on 24 July 2025, pursuant to exercise of stock options / units under its ESOP / RSU Scheme.
The paid-up share capital of the Bank has accordingly increased from Rs. 6,203,045,594 (3,101,522,797 equity shares of Rs. 2/- each) to Rs. 6,203,181,234 (3,101,590,617 equity shares of Rs. 2/- each).