Top Gainers and Losers on July 18: Alok Industries, Axis Bank, Data Patterns, Atul, BEML among top losers today
The pressure on banking heavyweights, coupled with continued weakness among PSU stocks, led the Nifty 50 to lose 0.56%, settling below 25,000 at 24,968 points, while the S&P BSE Sensex closed the session with a drop of 0.61% at 81,757. Both indices finished the week lower, losing up to 0.90%, which is a third losing week for the indices.
Investors had hoped for a turnaround in earnings by Indian Inc. in Q1FY26, but the initial set of results has been largely muted, leaving little hope for a strong performance in the ongoing earnings season, turning investors to take a selective approach.
In addition, the lack of fresh triggers and ongoing uncertainty around a potential India–US trade deal are also weighing on investor sentiment, which is also clearly reflected in the continued sell-off by foreign portfolio investors (FPIs), who have remained net sellers in most sessions so far in July.
Although optimism emerged earlier this week after domestic inflation fell to a six-year low, raising expectations of another rate cut by the RBI, the softness in credit demand has raised concerns about urban consumption.
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