Sensex, Nifty fall for fourth day on selling in IT shares, foreign fund outflows
The 30-share BSE Sensex dropped by 247.01 points or 0.30%, to settle at 82,253.46. During the day, it fell 490.09 points or 0.59% to 82,010.38 but recovered some of the losses towards the close.
The 50-share NSE Nifty settled lower by 67.55 points or 0.27%, to 25,082.30.
Sensex has dropped nearly 1,460 points or 1.75% and Nifty by 440 points or 1.73%, in the four days of fall since July 9. Among Sensex firms, Asian Paints fell the most by 1.58%. Tech Mahindra, Bajaj Finance, Infosys, HCL Tech, Tata Consultancy Services, Larsen & Toubro and Tata Motors were among the laggards.
However, Eternal, Titan, Mahindra & Mahindra and ITC were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,104.22 crore on Friday (July 11, 2025), according to exchange data.
The broader indices, however, outperformed the benchmark, with midcap and smallcap indices gaining between 0.71% and 1.04%.
'Consolidation continued in the domestic market as the tariff headlines and a subdued start to the earnings season are influencing investors to be more sensitive with valuation trading at 3 yrs high level,' Vinod Nair, Head of Research, Geojit Investments, said.
However, stock-specific action continues with sector-wise pick-up in healthcare, realty, consumer & discretionary, while IT remains the laggard due to the risk of earnings downgrades in FY26, Nair added.
An Indian commerce ministry team has reached Washington for another round of talks on the proposed bilateral trade agreement (BTA), which will begin on Monday (July 14, 2025), an official said.
In Asian markets, South Korea's Kospi, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled in the positive territory while Japan's Nikkei 225 index ended lower.
European markets were trading in negative territory. The US markets ended lower on Friday (July 11, 2025).
Wholesale price inflation (WPI) turned negative after a gap of 19 months, declining 0.13% in June as deflation widened in food articles and fuel, along with a softening in manufactured product costs, government data showed on Monday (July 14, 2025).
Global oil benchmark Brent crude climbed 0.99% to USD 71.06 a barrel.
On Friday (July 11, 2025), the Sensex tanked 689.81 points or 0.83%, to settle at 82,500.47. Similarly, the Nifty dropped 205.40 points or 0.81%, to 25,149.85.
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