Sensex, Nifty Slip Nearly 1% as Trade Worries and IT Blues Weigh Markets
Mumbai,11 July 2025
Indian equity markets faced a sharp sell‑off today, with the BSE Sensex plunging approximately 690 points (–0.83 %) to settle at 82,500.47, and the NSE Nifty 50 dropping 205 points (–0.81 %) to close at 25,149.85 The session saw over ₹3 lakh crore erased from market capitalisation in a single day, marking one of the steepest intraday losses this quarter. Weak Q1 numbers from IT major TCS.
Tata Consultancy Services’ first-quarter earnings fell short of estimates, triggering a broader tech sell‑off. The Nifty IT index slumped nearly 1.78%, with heavyweights Infosys, Wipro, and HCL Tech also under the scanner, Escalating global trade tensions.
The introduction of new US tariffs on Canada, announced by President Trump, rattled global trade sentiment and spilled over to India, unsettling investor confidence
Broad‑based selling.
Ten of 13 sectoral indices ended the session in red. Apart from IT, auto stocks, oil & gas, media, consumer durables, capital goods, realty, and telecom saw widespread declines. Only Pharma (+0.68%) and FMCG (+0.51%) offered marginal respite
Top losers: TCS (–3.47%), Mahindra & Mahindra (–2.92%), Hero MotoCorp (–2.74%).
Sectoral Setup: Who Excelled abd Recoiled
Surging counters: Hindustan Unilever (+4.63%), SBI Life (+1.37%), Sun Pharma (+0.71%)
Auto‑index: Nifty Auto dropped ~1.27% amid sectoral weakness
IT‑index bleed: Declined nearly 1.78%, heels drag by TCS & affiliates
Small‑ and mid‑caps: Fell roughly 0.7%, indicating a broad risk-off posture
Leading the charts in trade value: TCS (₹1,232 cr), Infosys (₹986 cr), HUL (₹877 cr)
Top Active Stocks by Value
Other high‑value movers: JP Power, Crizac, Mamata Machinery, BSE, Tata Elxsi, Mankind Pharma, Enviro Infra
This reflects elevated investor interest, even amid widespread selling.
Rupee weakened to ~₹85.80/$ near close, slipping ~16 paise
Macro Indicators: FX, Commodities & FII/DII Flows
Crude oil prices edged higher, pressuring market sentiment
FIIs/DIIs movement: Foreign investors net‑sold ~₹5,104 cr, while domestic institutions bought ~₹3,558 cr
Vinod Nair (Geojit Investments): Noted market vulnerability due to elevated valuations and global uncertainties tied to tariffs and tepid Q1 earnings
Prashanth Tapse (Mehta Equities): Flagged weak European & US cues and sluggish demand in software and auto sectors.
Rupak De (LKP Securities, via Moneycontrol): Technical indicators suggest short‑term weakness, with support placed between 25,090–24,900 and resistance around 25,150–25,400.
Upcoming Q1 results from HCL Tech, Infosys, Mahindra & Mahindra, and Hero MotoCorp
Global trade dynamics — any fresh tariff announcements or India–US/Canada developments
Crude and currency trends — sustained spikes in oil and rupee depreciation could drag markets
Domestic investment flow — continued FII outflow may pressure liquidity
Analysts expect volatility to persist in the near term, with potential buy-on-dip rebounds hinging on Q1 earnings and external trade news.
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