Nifty, Sensex Fall for Fourth Day as IT Stocks Weigh; Broader Markets End in Green

Market Update at 4:00 PM: On July 14, Indian benchmark indices ended lower for the fourth straight session as weakness in IT stocks dragged the market despite strength in other sectors. The Nifty 50 declined 67.55 points or 0.27 per cent to close at Rs 25,082.30, while the Sensex dropped 247.01 points or 0.30 per cent to settle at Rs 82,253.46. The Nifty IT index fell 1.3 per cent after weak Q1 results from Tata Consultancy Services last week, raising concerns over demand. HCL Technologies declined 1.13 per cent ahead of its earnings release, and Infosys is set to report next week.

Broader indices outperformed frontline indices. The Nifty Midcap 100 index rose 0.7 per cent and the Nifty Smallcap 100 index gained 1.02 per cent. Among sectors, 9 out of 11 closed in positive territory.

Ola Electric Mobility jumped 18.27 per cent after reporting a narrower sequential loss and guiding for better gross margins in FY26. Shares of BSE rose 3.78 per cent, while Nuvama Wealth Management gained 1.37 per cent after reports that Jane Street deposited USD 567 million in escrow accounts, clearing the path to resume trading in India.

The Nifty Realty index climbed 1.42 per cent, emerging as the top sectoral gainer, led by Sobha. On the Nifty 50, the key contributors were ITC (up 6.38 points), Mahindra & Mahindra (5.07 points), and Titan (5.04 points). The Top Losers were Infosys (down 25.24 points), Larsen & Toubro (15.14 points), and TCS (12.57 points). Bharti Airtel fell 1.54 per cent, marking its steepest one-day fall in a month.

On the NSE, out of 3,043 stocks traded, 1,464 advanced, 1,482 declined, and 97 remained unchanged. There were 80 stocks that hit 52-week highs and 36 touched 52-week lows. A total of 94 stocks were locked in upper circuits, while 73 hit lower circuits.

Market Update at 12:15 PM: Indian stock markets slipped into the red on Monday, weighed down by weak global cues after US President Donald Trump announced a 30 per cent tariff on imports from the European Union and Mexico, effective August 1. Additionally, investor caution ahead of Q1FY26 earnings kept market sentiment subdued.

By midday, the BSE Sensex had dropped 393.15 points, or 0.48 per cent, to trade at 82,110.42, while the NSE Nifty50 declined 117.95 points, or 0.47 per cent, to 25,030.60.

Leading the losses on the Sensex were Tech Mahindra, Infosys, Bajaj Finance, Asian Paints, HCL Tech, TCS, and L&T, with declines of up to 2 per cent. In contrast, Zomato (Eternal), Titan, Sun Pharma, ITC, Trent, Adani Ports, and Power Grid gained as much as 2.5 per cent.

Broader market indices showed resilience, with the Nifty Midcap 100 rising 0.32 per cent and the Smallcap index advancing 0.60 per cent.

Among sectoral indices, the Nifty IT index fell the most, shedding 1.5 per cent, followed by weakness in private banking stocks. Meanwhile, the healthcare and media sectors outperformed, with the Nifty Healthcare index gaining 1 per cent and the Nifty Media rising 0.9 per cent.

Market Update at 10:30 AM: India’s benchmark equity indices opened lower on Monday as weakness in information technology stocks persisted. The Nifty 50 declined 0.34 per cent to 25,064.3, while the BSE Sensex fell 0.39 per cent to 82,182 as of 9:28 a.m. IST.

The Nifty IT index dropped over 1 per cent, marking it as the worst-performing sector, following continued selling pressure after Tata Consultancy Services (TCS) posted weaker-than-expected results last week.

Meanwhile, global sentiment was cautious after U.S. President Donald Trump announced on Saturday that a 30 per cent tariff would be levied on most imports from the European Union and Mexico starting August 1, despite ongoing trade negotiations.
 

Pre-Market Update at 7:45 AM: Indian equity benchmarks are expected to begin the week on a flat to negative note, taking cues from mixed trends across global markets. As of 7:15 AM, the GIFT Nifty was trading near the 25,175 mark, down 16 points from its previous close, indicating a mildly lower opening for domestic indices.

Asian markets opened on an uneven footing as investors responded to rising trade tensions after U.S. President Donald Trump announced fresh tariffs. Wall Street, too, pulled back slightly from recent record highs— the Dow Jones Industrial Average fell by over 250 points or 0.6 per cent, the S&P 500 slipped 0.3 per cent, and the Nasdaq declined 0.2 per cent. Over the weekend, Trump proposed a 35 per cent tariff on imports from Canada and announced a 30 per cent tariff on goods coming from the European Union and Mexico, effective August 1. Both regions criticised the move but remained open to continuing trade negotiations.

In India, market attention this week will focus on key macroeconomic data, particularly CPI and WPI inflation prints, as well as updates on the proposed India–U.S. trade agreement. As reported by Bloomberg, the U.S. is working towards a temporary deal with India that could lower the proposed tariff to below 20 per cent. India is unlikely to receive a formal tariff notice, and an official statement on the agreement may follow soon.

The Q1 earnings season, which began on a soft note with below-expectation results from TCS, will pick up pace this week. More than 50 companies are scheduled to report results, including HCL Technologies, Tata Technologies, Authum Investment & Infrastructure, Ola Electric Mobility, Tejas Networks, Rallis India, Sambhv Steel Tubes, and NELCO Hotels, all of which are due to announce their June quarter earnings today.

On Friday, July 14, Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth Rs 5,104.22 crore, while Domestic Institutional Investors (DIIs) bought shares worth Rs 3,558.63 crore. Indian markets ended the session lower, with the BSE Sensex falling by 689.81 points or 0.8 per cent to close at 82,500.47, and the NSE Nifty 50 dropping 205.40 points or 0.8 per cent to settle at 25,149.85. The decline was driven by profit booking and renewed concerns over global trade conflicts.

Gold prices rose to a three-week high on Monday as demand for safe-haven assets increased following the tariff announcements. In currency markets, the euro weakened to its lowest level in three weeks, while the Mexican peso also declined. Both currencies reacted to the potential impact of new U.S. tariffs. Crude oil prices edged up, building on gains of over 2 per cent from the previous session. The rise was supported by concerns over possible new U.S. sanctions on Russia, though increased production from Saudi Arabia and ongoing trade uncertainty capped further upside. As of early Monday trade, Brent crude was hovering around USD 87 per barrel.

For today, RBL Bank, Glenmark and Hindustan Copper remain on the F&O ban list.

Disclaimer: The article is for informational purposes only and not investment advice.