Quick Wrap: Nifty Financial Services Index records a surge of 1.62%
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Mint
7 minutes ago
- Mint
Sensex drops 732 points; investors lose ₹6.5 lakh crore in a day— 10 key highlights from the Indian stock market today
The Indian stock market ended with significant losses for the second consecutive session on Friday, July 25. The Sensex closed 721 points, or 0.88 per cent, down at 81,463.09, while the Nifty 50 settled 225 points, or 0.90 per cent, lower at 24,837. The market saw an overall sell-off, and the mid- and small-cap segments ended with even deeper losses. The BSE Midcap index declined 1.46 per cent, while the Smallcap index crashed 1.88 per cent. Investors lost nearly ₹ 6.5 lakh crore in a single day as the cumulative market capitalisation of BSE-listed firms dropped to nearly ₹ 451.7 lakh crore from ₹ 458.11 lakh crore in the previous session. Weak earnings, delayed India-US trade deal, relentless foreign capital outflow amid stretched valuation of the domestic market are the key factors behind the market's downtrend. "Subdued corporate results and lacklustre global cues triggered a broad-based sell-off across domestic equities. Elevated valuations in large-cap stocks, coupled with significant net short positions held by FIIs, added to the downward pressure," Vinod Nair, Head of Research, Geojit Investments, observed. "Investor sentiment remained fragile amid ongoing uncertainty over US-India tariff negotiations and the ECB maintaining the status quo, with rate cuts deferred until clearer insights emerge on the inflationary impact of trade developments. Moderation in DII inflows after the strong buying of the last two to three months, due to a muted earnings season and persistent FII selling, continues to impact the current market," said Nair. Only seven stocks managed to end in the green in the Nifty 50 index, among which Cipla (up 3.17 per cent), SBI Life Insurance Company (up 2.07 per cent), and Apollo Hospitals (up 1.50 per cent) stood at the top. Shares of Bajaj Finance (down 4.81 per cent), Shriram Finance (down 3.64 per cent), and IndusInd Bank (down 2.64 per cent) ended as the top losers in the index. Barring Nifty Healthcare (up 0.69 per cent) and Pharma (up 0.54 per cent), all sectoral indices ended with losses, with Media (down 2.61 per cent), Oil & Gas (down 1.96 per cent), PSU Bank (down 1.70 per cent), and Metal (down 1.64 per cent) losing heavily. Nifty Bank dropped 0.94 per cent, while the Financial Services ended 0.88 per cent lower. Jayaswal Neco Industries (34.72 crore shares), Vodafone Idea (23.83 crore shares), and Ola Electric Mobility (13.61 crore shares) were the most active stocks in terms of volume on the NSE. Defying weak market sentiment, 15 stocks, including The Phosphate Company, Aashka Hospitals, Sharda Cropchem, Kellton Tech Solutions, Sharika Enterprises, and Vimta Labs, surged over 10 per cent on the BSE. B-Right Realestate, Eighty Jewellers, Jonjua Overseas, and Hexaware Technologies were among the seven stocks that crashed more than 10 per cent on the BSE. Out of 4,154 stocks traded on the BSE, 1,116 advanced, while 2,893 declined. Some 145 stocks remained unchanged. While the stock market ended with significant losses, as many as 111 stocks, including ICICI Bank, eClerx Services, Home First Finance Company India, Laurus Labs, Sai Life Sciences, Shyam Metalics and Energy, and Torrent Pharmaceuticals, hit their 52-week highs in intraday trade. (This is a developing story. Please check back for fresh updates.) Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Mint
7 minutes ago
- Mint
Stock market today: 111 stocks hit 52-week highs, 68 stocks at 52-week low as Nifty 50, Sensex end nearly 1% down
In contrast, 68 stocks touched 52-week lows, with notable mentions like Colgate Palmolive (India) Ltd, Tejas Networks Ltd, Spicejet Ltd, HDB Financial Services Ltd, Kalpataru Ltd, Raymond Realty Ltd, R K Swamy Ltd, and Smartworks Coworking Spaces Ltd. Today, domestic markets witnessed significant declines, with prominent indices closing notably lower and extending their losing streak for the third consecutive session. The Sensex fell by 721 points (0.87%) to close at 81,463, while the Nifty 50 decreased by 225 points (0.9%) to end at 24,837, decisively dropping below the key 25,000 level. The broader market reflected this trend, as the Nifty MidCap declined by 1.6% and the Nifty SmallCap dropped by 2.1%. As stated by Vaibhav Vidwani, a Research Analyst at Bonanza, the earnings reports from significant index players like Bajaj Finance and Bajaj Finserv fell short of investor expectations. Following downgrades from global brokerages after the results, the shares of the Bajaj twins dropped over 2%, putting pressure on financials and heightening negative sentiment. Vidwani believes that the declines were led by sectors such as Information Technology, automotive, FMCG, metals, and power due to sector-specific challenges, weaker global it-tech signals, and worries about inflated valuations. Only a few pharmaceutical stocks offered some relief. Asian markets were down as caution prevailed concerning the timing of interest rate cuts by the US Federal Reserve. Additionally, the mood was further affected by impending global trade tensions and uncertainties about the trade agreement between the US and India, according to Vaibhav. According to Rupak De, Senior Technical Analyst at LKP Securities, Nifty 50 remained under sustained selling pressure as the index slipped below the crucial support level of 24,900. Moreover, it has closed below the 50-day Exponential Moving Average (50EMA) for the first time in several sessions, signaling a meaningful weakening of the ongoing trend. Additionally, the index has now fallen back into the zone of the previous swing high on the daily timeframe, which further highlights a potential trend reversal. The current setup appears notably weak and suggests the possibility of a deeper correction. If the Nifty 50 fails to reclaim levels above 24,900 in the next session or two, bulls could face significant short-term challenges. On the downside, immediate support is seen at 24,700, followed by 24,500. On the upside, resistance is now placed around 25,000. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
37 minutes ago
- Mint
Top Losers and Gainers on July 25: Bajaj Finance, MRPL, Reliance Power, Zen Tech among top losers today
The Indian stock market ended its second straight session with deep cuts, largely weighed down by select heavyweights including Bajaj Finance, Infosys, and HDFC Bank, which dragged the benchmark indices down by nearly 1%. The Nifty 50 ended the session with a drop of 0.88%, falling below the 24,900 mark to settle at 24,842 points, while the S&P BSE Sensex closed with a decline of 0.85% at 81,477. The sharp selling over the last two sessions also pushed both indices to extend their weekly losses for a fourth straight week, the longest weekly losing streak since September 2024. The broader markets witnessed even steeper selling, with the Nifty Smallcap 100 index ending with a sharp cut of 2.5% and the Nifty Midcap 100 index falling by 1.63%. Both indices closed the week with losses of up to 3.47%. While the overall market continues to remain under pressure, select export-linked stocks, from leather, textiles, and pharmaceuticals sectors, performed well. This followed the signing of a free trade agreement (FTA) between India and Britain on Thursday during Prime Minister Narendra Modi's visit to London. The deal aims to lower tariffs on goods ranging from textiles to whisky and cars, while improving market access for businesses. Although the FTA should boost sentiment, analysts said the market is unlikely to see any major upside until there is clarity on U.S. trade negotiations. The lack of fresh triggers, coupled with uncertainty over a potential India–US trade deal and a soft start to the June quarter earnings — which is also prompting overseas investors to wield their selling knife — is heavily weighing on the Indian stock market currently.
