We present the results of a commissioning campaign to observe Galactic globular clusters for the search of microlensing events. The central 10 X 10 region of the globular cluster NGC 5024 was monitored using the 2-m Himalayan Chandra Telescope in R-band for a period of about 8 hours on 24 March 2010. Light curves were obtained for nearly 10,000 stars, using a modified Difference Image Analysis (DIA) technique. We identified all known variables within our field of view and revised periods and status of some previously reported short-period variables. We report about eighty new variable sources and present their equatorial coordinates, periods, light curves and possible types. Out of these, 16 are SX Phe stars, 10 are W UMa-type stars, 14 are probable RR Lyrae stars and 2 are detached eclipsing binaries. Nine of the newly discovered SX Phe stars and two eclipsing binaries belong to the Blue Straggler Star (BSS) population.
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