Post-Market Report: Indian Equities Decline Amid Global Cues and Q1 Earnings Caution
Published: 2025-07-10 17:00 IST | Category: Markets | Author: Abhi
Market Performance Today
On Thursday, July 10, 2025, Indian equity markets experienced a negative close, with both the Sensex and Nifty extending their losses. The S&P BSE Sensex settled 345.80 points lower, or 0.41%, at 83,190.28. The NSE Nifty 50 also declined by 120.85 points, or 0.47%, to close at 25,355.25. This marked the second consecutive session of decline for the key indices.
Top Movers (Sectors and Stocks)
The market breadth largely favored declines, with most sectors closing in negative territory. The IT sector was a significant drag, with the Nifty IT index slipping 0.99% ahead of TCS's Q1 results. Nifty Pharma and Nifty PSU Bank also saw declines. Only the Realty and Metal sectors managed to close in positive territory.
-
Sensex Top Gainers:
- Maruti Suzuki
- Tata Steel
- UltraTech Cement
- Bajaj Finance
- Tata Motors
- TCS
- Trent
- Axis Bank
-
Sensex Top Losers:
- Infosys
- Tech Mahindra
- Bharti Airtel
- HDFC Life Insurance Co.
- Apollo Hospitals Enterprise Ltd.
- Shriram Finance Ltd.
- L&T
- Reliance
- Sun Pharma
- SBI
- HDFC Bank
- Mahindra & Mahindra
- HCL Tech
- Hindustan Unilever
Key Drivers of Today's Market
Several factors contributed to the cautious and negative sentiment on Dalal Street:
- Q1 Earnings Season: Investors remained wary ahead of the Q1 FY25 earnings season, which is set to kick off with Tata Consultancy Services (TCS) reporting its results after market hours. Analysts expect a revenue decline for TCS, contributing to the subdued mood in the IT sector.
- US-India Trade Deal Uncertainty: Lingering uncertainty and continued tension over the anticipated US-India trade deal negotiations weighed heavily on investor sentiment.
- Muted Global Cues: Despite some Asian markets trading mixed, and Wall Street closing higher on Wednesday, overall global cues were muted, influencing domestic market sentiment.
- Weekly F&O Expiry: The Nifty 50's weekly Futures & Options (F&O) expiry added to the market's choppiness and volatility.
- Profit Booking: Indian equity benchmarks snapped a three-session gaining streak to close lower due to profit booking.
- Foreign Portfolio Investor Activity: Foreign portfolio investors (FPIs) continued to drive sectoral rotation, favoring auto and IT while exiting power and capital goods, indicating shifts in investment patterns.
Broader Market Performance
The broader market also faced pressure, with the market breadth favoring declines.
- The Nifty MidCap and Nifty Smallcap indices both slipped, recording declines of 0.39% and 0.33% respectively.
- The BSE Midcap index was down by 0.47%, and the BSE Smallcap Index by 0.12% at close. However, some reports indicated the BSE Smallcap index managed to end with a gain of 0.12%.
- All broader indices, including Nifty 100, Nifty Midcap 100, and Nifty Smallcap 100, concluded the session in the red.
TAGS: Post-Market, Stock Market, Nifty, Sensex, Market Analysis
Tags: Post-Market Stock Market Nifty Sensex Market Analysis