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Mint
2 days ago
- Business
- Mint
Nifty 50 closes below 25k, investors lose ₹3 lakh crore— 10 key highlights from Indian stock market today
The Indian stock market ended in the negative territory for the second consecutive session on Friday, July 18, as investors continued trimming exposure to equities amid unimpressive earnings, stretched market valuation and persisting tariff-related uncertainties. The Sensex lost 502 points, or 0.61 per cent, to close at 81,757.73, while the Nifty 50 settled at 24,968.40, down 143 points, or 0.57 per cent. The BSE Midcap index ended 0.62 per cent lower, and the Smallcap index dropped 0.64 per cent. The cumulative market capitalisation of the firms listed on the BSE dropped to over ₹ 458 lakh crore from nearly ₹ 461 lakh crore in the previous session, making investors poorer by almost ₹ 3 lakh crore in a single session. Weak start of Q1 earnings, elevated valuations and foreign capital outflow are among the key factors keeping the market down. Lingering uncertainty over an India-US trade deal is also among key factors behind the market's downtrend. "A broad-based sell-off was observed in the national market amidst a disappointing initial set of earnings from the finance and IT sectors. Elevated valuations in large-cap stocks, coupled with significant net short positions held by FIIs, have contributed to a cautious sentiment among investors. Additional tariff threats are also casting a shadow on India over its trade relationship with Russia," said Vinod Nair, Head of Research, Geojit Investments Limited. Wipro (up 2.21 per cent), Bajaj Finance (up 1.97 per cent), and Tata Steel (up 1.63 per cent) closed as the top gainers in the Nifty 50 index. Some 33 stocks ended in the red in the Nifty 50 index, among which, Axis Bank (down 5.27 per cent), Shriram Finance (down 3.06 per cent) and BEL (down 2.38 per cent) ended as the top losers in the index. All sectoral indices ended in the negative, except for the Nifty Media and Metal indices, which rose 0.96 per cent and 0.37 per cent, respectively, and the Nifty IT, which ended flat. Nifty Bank and Financial Services indices dropped almost 1 per cent each, while the Private Bank index crashed 1.46 per cent. The PSU Bank index slipped 0.66 per cent. Vodafone Idea (28.52 crore shares), Jaiprakash Power Ventures (19.19 crore shares), and GTL Infrastructure (11.33 crore shares) were the most active stocks in terms of volume on the NSE. Astec LifeSciences-RE, Viji Finance, Bhagyanagar India, Gujarat Mineral Development Corporation, Manali Petrochemicals, Vimta Labs, and Cupid were the seven stocks that jumped over 10 per cent on the NSE. Prostarm Info Systems, Rajoo Engineers, Vertoz, Rama Phosphates, and Felix Industries were among the 66 stocks that hit their upper circuits on the NSE during the session. On the other hand, 33 stocks, including Diamond Power Infrastructure, Smarten Power Systems, and Venus Remedies, hit their lower circuits. Out of 4,208 stocks traded on the BSE, 1,657 advanced, while 2,394 declined. Some 157 stocks remained unchanged. HDFC Asset Management Company, Biocon, RBL Bank, Piramal Enterprises, and JK Cement were among the 143 stocks that hit their 52-week highs in intraday trade on the BSE. On the other hand, 45 stocks, including HDB Financial Services, Bharat Global Developers, Sukhjit Starch & Chemicals, Network People Services Technologies, and Jindal Worldwide, hit their 52-week lows on the BSE. Vishnu Kant Upadhyay, Assistant Vice President – Research & Advisory Master Capital Services, underscored the index took support at the 50-day EMA, indicating a temporary halt in selling pressure. Going forward, Upadhyay believes sustained trade below 24,900 could lead the index toward the next key support at 24,800-24,750, while a recovery above 25,000 may attract fresh buying interest. Rupak De, Senior Technical Analyst at LKP Securities, underscored that the Nifty 50 remained under selling pressure, falling towards 24,900, where it found initial support. De further said that the index stayed above the 50-day exponential moving average (50EMA) and appears poised for a short-term pullback after a sharp correction. However, it remains a 'sell on rise' as long as it trades below 25,260. On the downside, selling may intensify if it breaks below 24,900, De said. Read all market-related news here Read more stories by Nishant Kumar
India Today
2 days ago
- Business
- India Today
Sensex opens 100 points lower, Nifty below 25,100; Wipro jumps 3%
Benchmark stock market indices opened lower on Friday as stocks from private bank and heavyweight financials sectors dragged the market S&P BSE Sensex lost 199 points to 82,060.24, while the NSE Nifty50 was down by 40.50 points to 25,070.95, as of 9:28 VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that in July, so far, India has been underperforming most markets, with a dip of 1.6% in Nifty."A significant contributor to the decline is the selling by FIIs. There is a clear pattern in FII activity this year so far. They were sellers in the first three months. For the next three months they turned buyers. And in the seventh month the trends so far indicate further selling unless some positive news reverse the downtrend in the market," he the top gainers in early trade were Power Grid Corporation, which rose by 1.47%, followed by Tata Steel gaining 1.22%. Mahindra & Mahindra was also up by 1.17%, while Tata Consultancy Services added 0.48% and Larsen & Toubro gained 0.43%.However, on the losing side, Axis Bank saw the biggest drop, falling by 4.54%. Bharti Airtel was down 1.28%, Kotak Mahindra Bank slipped by 0.87%, Eternal saw a cut of 0.67%, and Tech Mahindra dropped 0.53%.advertisementThe Nifty Midcap100 gained 0.10% while Nifty Smallcap100 rose 0.05%, but India VIX fell 0.06%.Among the sectoral indices, several showed positive momentum with Nifty Metal leading at 0.71%, followed by Nifty Auto at 0.55%, Nifty Financial Services at 0.45%, Nifty Realty at 0.44%, Nifty Media at 0.38%, Nifty Oil & Gas at 0.26%, Nifty IT at 0.22%, and Nifty PSU Bank at 0.13%. Nifty Private Bank faced the biggest decline at 1.15%, followed by Nifty Healthcare which dropped 0.31%. Nifty FMCG fell 0.22%, Nifty Pharma declined 0.08%, and Nifty Consumer Durables slipped 0.01%."Along with selling in the cash market FIIs have been increasing short positions in the derivatives market too, which reflect a bearish outlook," said Vijayakumar. "Elevated valuations in India and cheaper valuations in other markets will continue to influence FII activity," he added. (Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
India Today
3 days ago
- Business
- India Today
Sensex ends 375 points lower, Nifty below 25,200; Infosys down 2%
Benchmark stock market indices closed lower on Thursday, weighed down by a fall in IT sector stocks as they offset gains by metal sector S&P BSE Sensex was down by 375.24 points to close at 82,259.24, while the NSE Nifty50 lost 100.60 points to end at 25, Nair, Head of Research, Geojit Investments Limited, said that Indian equity benchmarks ended marginally lower as investors exercised caution amid subdued Q1 earnings announcements, particularly in the technology and banking sectors."Market participants remained sidelined due to elevated valuations of large-cap stocks and FII outflows owing to the uncertainty regarding US-India trade deal; however, any positive developments could amplify market sentiment," he the top gainers, Tata Steel led with a strong rise of 1.62%, followed by Trent which gained 0.68%. Titan climbed 0.45%, while Tata Motors advanced 0.41% and UltraTech Cement rose 0.30%. Tech Mahindra faced the biggest decline, dropping 2.76%. Infosys fell 1.61%, while HCL Technologies went down 1.20%. Eternal lost 0.97% and Larsen & Toubro declined 0.78%.The Nifty Midcap100 fell 0.17% while Nifty Smallcap100 declined 0.12%, but India VIX rose 0.02%.Among the sectoral indices, several showed positive momentum with Nifty IT leading at 1.39%, followed by Nifty Realty at 1.24%, Nifty PSU Bank at 0.79%, Nifty Metal at 0.67%, Nifty Consumer Durables at 0.50%, Nifty Pharma at 0.38%, Nifty FMCG at 0.26%, and Nifty Healthcare at 0.18%.Nifty Private Bank faced the biggest decline at 0.58%, followed by Nifty Financial Services which dropped 0.33%. Nifty Media fell 0.25%, Nifty Oil & Gas declined 0.20%, and Nifty Auto slipped 0.04%."Despite the muted trend, strong domestic liquidity and selective buying in realty and consumption theme stocks helped to limit the downside, keeping the broader market in a range-bound phase. The domestic macro fundamentals, like GDP growth and the stable inflationary trend, remain supportive in the medium to long-term," said Nair.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
Time of India
3 days ago
- Business
- Time of India
Stock market today: Nifty50 opens on a flat note; BSE Sensex near 82,600
Market experts anticipate consolidation with an upward trend, backed by better rural and healthcare performance. Stock market today: Nifty50 and BSE Sensex , the Indian equity benchmark indices, started Thursday's trading session on a flat note. While Nifty50 was near 25,200, BSE Sensex was around 82,600. At 9:21 AM, Nifty50 was trading at 25,205.55, down 7 points. BSE Sensex was at 82,601.58, down 33 points. Market experts anticipate consolidation with an upward trend, backed by better rural and healthcare performance, alongside potential developments in India-US trade talks. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, 'There are no triggers for the market to break out of the consolidation range in which it has been stuck for two months now. Even an India-US interim trade deal has been discounted by the market, leaving no scope for a sharp rally decisively breaking the range. One positive and surprise factor that can trigger a rally is a tariff rate much below 20%, say 15%, which the market has not discounted. So, watch out for developments on the trade and tariff front. 'Results of the IT sector continue to disappoint and, therefore, this can remain a drag on the overall market. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Đây có thể là thời điểm tốt nhất để giao dịch vàng trong 5 năm qua IC Markets Tìm hiểu thêm Undo Leading private sector banks are in a defensive mode now. The market is discounting NIM compression in the Q1 results. But this will reverse from Q3 onwards making them good buys now. From the valuation perspective PSU banks are attractive." US indices finished slightly higher on Wednesday, with Nasdaq reaching a new peak, despite brief turbulence following reports suggesting US President Donald Trump might dismiss Federal Reserve Chair Jerome Powell. Asian equities showed mixed performance at opening following volatile US trading amid uncertainty regarding Powell's position. Crude oil prices advanced during early trading hours on Thursday, recovering from previous day's decline, supported by robust economic indicators from major oil consuming nations and improving trade relations. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Today
4 days ago
- Business
- India Today
Sensex closes 43 points higher, Nifty above 25,200; SBI gains 2%
Benchmark stock market indices closed marginally higher as banking sector stocks gained but were offset by losses in metal S&P BSE Sensex added 63.57 points to end at 82.634.48, while the NSE Nifty50 gained just 16.25 points to close at 25, Nair, Head of Research, Geojit Investments Limited, said that India's macroeconomic outlook remains strong, supported by easing inflation, lower interest rates, a healthy monsoon, and softer oil prices."A drop in inflation in eight straight months has provided a push to the market. However, investors are showing a mix of optimism and caution in the relief rally to assess the Q1 FY26 corporate earnings, as an upgrade in earnings is essential in the premium-valued stock market," he the top gainers for the day, Mahindra & Mahindra led with a strong rise of 2.10%, followed by Tech Mahindra which gained 1.84%. State Bank of India climbed 1.81%, while Infosys advanced 1.57% and Asian Paints rose 0.79%.Eternal faced the biggest decline, dropping 1.58%. Sun Pharma fell 1.49%, while Tata Steel went down 1.10%. Tata Motors lost 0.87% and Bajaj Finance declined 0.71%."Additionally, global sentiment is mixed amid tariff concerns, highlighted by the announcement of a 50% duty on copper, and fading hopes of a near-term U.S. Fed rate cut on account of sticky inflation, adding market uncertainty," said Nair.- Ends
