Stock Market News Live: Sensex Down 300 Points, Nifty Near 25,000; Axis Bank Drags, Wipro Top Gainer

The Nifty 50 has slipped below key support level of 25,000, indicating bearish tone. Axis Bank, HDFC Bank and ICICI Bank are weighing heavily on the index.

Nifty and Sensex are down for the second consecutive day. (Photo: NDTV)

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Stock Market Live: BEML Shares Trade Lower After Order Win

The shares of BEML traded lower despite the company getting a Rs 186 crore order to supply bulldozer from the Defence Ministry.

The scrip was trading 3.13% lower at Rs 4,404 compared to the 0.59% decline in the benchmark index Nifty 50.

Stock Market Live: Big Names Ahead Of Earnings

The shares of HDFC bank was trading 1% lower ahead of its first quarter earnings. ICICI Bank was trading flat ahead results along with Reliance Industries. Many of key sectoral players are set to announce their first quarter results today.

Also Read: Q1 Results Live: Hindustan Zinc Profit, Margin Decline; Reliance Shares Down Ahead Of Earnings

Stock Market Live: Hindustan Zinc After Q1 Results

After posting disappointing first quarter results, the shares of Hindustan Zinc slip lower. The scrip was trading 0.23% lower at Rs 435 compared to a 0.57% decline in the benchmark index.

Revenue from zinc, lead and others was down 14.1% to Rs 6,116 crore versus Rs 7,118 crore. Revenue from silver down 15.5% to Rs 1,426 crore versus Rs 1,688 crore.

Stock Market Live: Granules India CEO Resigns

Kandiraju Venkata Sitaram Rao has resigned as CEO.

Source: Exchange filing

Q1 Results Live: Atul Profit Up, Margin Contracts

Atul Q1FY26 (Consolidated, YoY)

  • Revenue up 11.8% at Rs 1,478 crore versus Rs 1,322 crore.

  • Ebitda up 5.5% at Rs 236 crore versus Rs 223 crore.

  • Margin at 15.9% versus 16.9%.

  • Net Profit up 14.2% at Rs 128 crore versus Rs 112 crore.

Stock Market News: Nifty 50 Check

The heaviest weight dragging the benchmark index continued to be Axis Bank. The bank has extended the losses to nearly 5% and the rest of the names pulling on the index include heavy weight insurance companies too.

Stock Market News Live: IOB Shares After Q1 Results

Indian Overseas Bank posted its first quarter results and the Net interest income was up 12% at Rs 2,746 crore compared to Rs 2,441 crore in the previous quarter. The net profit was also up 75.6% at Rs 1,111 crore against Rs 633 crore.

The scrip was trading 0.20% lower at Rs 39 compared to a 0.69% decline in the benchmark index Nifty 50 as of 1:00 p.m.

Stock Market News Live: Signals Of A Potential Bounce

Feroze Azeez, Joint CEO at Anand Rathi Wealth, offered a more technical lens. He noted that short positions in index futures have reached 84%, a level that historically signals a potential bounce. “Every time it crosses 80 on either side, the market tends to reverse direction. This has held true in the last 12–13 instances,” Azeez said.

Also Read: Sensex Slips 600 Points: Market Experts Cite Trade Woes, Technical Strain

Stock Market News Live: What Could Turn Things Around

With the markets cracking, the way ahead is murky as there is the lack of solid positive triggers. This is further accelerating the slip as well.

"Market is waiting for some kind of positivity from earnings. Any surprise goodness from Reliance. We started with a sober or lukewarm from TCS so looking for positive triggers," according to Kranthi Bathini of WealthMills Securities.

Stock Market News Live: Fresh Support, Eye On European Markets 

On the technical front, the Nifty after violating the support levels may be looking to slip further according to this market expert.

"The Nifty is heading to test 50 day exponential moving average at 24,870. From there it can bounce, if it breaches 24,870 then it will highly likely swing as low as 24,733," said Anshul Jain, independent technical market analyst. With fresh support falling to 24,870, other experts have also called for a close eye on buying interest in the European markets.

Nifty Below 25,000, Sensex Down 500 Points: Key Reasons For The Fall

The Nifty 50's dip below 25,000 marked a nearly four-week low for the index, reflecting broad-based weakness across the market. The Indian equity markets are trading in a bearish tone as the Nifty has slipped below key support levels of 25,000.

Read the full story below

Also Read: Markets Crack: Nifty Below 25,000, Sensex Down 500 Points — Key Reasons For The Fall

Stock Market News Live: Axis, Shriram Finance Drag Nifty 

The benchmark index breached the support levels and slipped below teh 25,000 mark during trade today. The index was primarily dragged by private sector banks, insurance heavy weights and others.

Stock Market News Live: India VIX Up Nearly 3%

The Indian equity markets have been seeing a downturn on account of various cues from earnings, global cues and more. The India Volatility Index was up 2.91% as of 11:58 a.m. as the Nifty was down about 0.65%.

Nifty Today Live: Dip Below Support Level, Bears Taking Hold

The Nifty 50 has slipped below key support level of 25,000, indicating bearish tone.

Bank Nifty opened gap-down on weak numbers from Axis Bank and ahead of HDFC Bank and ICICI Bank results.

Foreign investors have been increasing short positions in derivative market, indicating bearishness. FII long short ratio — 83% shorts : 17% longs.

Besides, there has been consistent FII selling in cash market adding to pressure on the markets. FIIs have sold equities worth nearly Rs 12,000 crore in one week.

Stock Market News Live: Market Check

The Nifty 50 is down 0.63% at 24,956 while the Sensex shed over 500 points to trade lower at 81,735. Private Bank players like Axis Bank, Shriram Finance along with Kotak Mahindra Bank were in the red. While insurance names like SBI Life, HDFC Life also pulled on the Nifty 50.

Stock Market News Live: Saregama Shares Surge

The shares of Saregama were buzzing in trade today as volumes were up 20 times in 2-week average. The scrip was trading 5.45% higher at Rs 513.6 apiece compared to a 0.66% decline in the Nifty 50 as of 10:51 a.m.

Stock Market News Live: Defence Pack Plunges

Among the sectors, Nifty defence marked the deepest losses as the sector was down nearly 2%. In the index, Bharat Dynamics was dragging the index by nearly 3% and Cochin Shipyard was also over 2% down. The decline was also visible in shares like Garden Reach, Data Patterns and HAL. MTAR Tech was the only player trading in green among the lot.

Stock Market News Live: Indian Hotels Share Price

After posting first quarter results that garnered mixed views from brokerages, the shares of Indian Hotels were trading marginally higher.

Macquarie maintained a 'Neutral' rating with a target price of Rs 800, on the back of a resilient quarter, but expressed concerns about rising capital expenditure. In contrast, Jefferies maintained a 'Buy' rating and a higher target price of Rs 960, confident in the company's healthy expansion pipeline, and strategic management.

Also Read: Indian Hotels Q1 Review: Analysts Split As Jefferies Maintains 'Buy', Macquarie Cautious

Stock Market News Live: LTIMindtree Share Price

The share price of LTIMindtree was trading slightly lower after the company posted its first quarter results. The scrip was trading 1.68% lower at Rs 5,107 compared to a 0.39% decline in the Nifty 50.

Also Read: LTIMindtree Q1 Review: Here's What Held Back Analysts Ratings Upgrade Despite Earnings Beat

Stock Market News Live: Samvardhana Motherson Share Price

The shares of Samvardhana as it marks this last session for investors to buy shares before the record date for a bonus issue. The scrip was trading 0.19% higher at Rs 102 compared to a 0.30% decline in the Nifty 50.

Also Read: Bonus Issues: Samvardhana Motherson, Motherson Sumi, And Two More — Last Day To Buy Shares To Qualify

Stock Market News Live: Polycab Shares Post Earnings

After posting first quarter results, the shares of Polycab was up over 2%. The scrip was trading 2.38% higher at Rs 7,050 and these gains compare to a 0.27% decline in the Nifty 50.

Also Read: Polycab Share Price Surges Over 2% After Jefferies, UBS Hike Target Price After Q1 Results

Stock Market News Live: Indostar Shares Surge

The shares of Indostar surged after the company completed the sale of its subsidiary Niwas Housing Finance to EQT’s affiliate Witkopoend B.V. for Rs 1,705.95 crore.

The scrip was trading 4.06% higher at Rs 326 apiece and these gains compares to 0.28% decline in the Nifty 50.

Stock Market News Live: Nuvoco Vistas Shares Rise

The shares of Nuvoco Vistas were trading higher after the company posted its first quarter results. The scrip was trading over 3.93% higher at Rs 396 compared to a 0.12% decline in the Nifty 50 as of 9:39 a.m.

Stock Market News Live: Jio Financial Services Trade Higher

After posting its first quarter results, the shares of Jio Finacial Services were trading higher. The scrip was trading 0.49% higher at Rs 319 compared to a 0.14% decline in the Nifty 50 as of 9:35 a.m.

Stock Market News Live: Wipro Shares Gain 

The shares of Wipro were up over 3% after the company posted its first quarter results. The scrip was trading 3.43% higher at Rs 269 apiece compared to a 0.14% decline in the Nifty 50 as of 9:32 a.m.

Stock Market News Live: Axis Bank Shares Plunge

After posting first quarter results the share of Axis Bank were trading lower. The scrip was trading 4.47% lower at Rs 1,108 apiece compared to a 0.16% decline in the Nifty 50 as of 9:28 a.m.

Also Read: Axis Bank Share Price Slides Over 6% As Brokerages Turn Cautious After Lackluster Q1 Earnings

Stock Market News Live: Axis Bank Drags Nifty, Wipro Top Gainer

The top gainer pulling up the index was Wipro as the shares gainer over 3% after posting first quarter results. Jio Financial Services, Tata Steel and Infosys were also trading in the green.

The deepest losses of the lot were marked by Axis Bank after asset quality deteriorated in first quarter results. Bharti Airtel, Kotak Mahindra Bank and SBI were also trading in the red.

Stock Market News Live: Nifty Opens Above 25,000, Sensex Trades Flat

As the market opened muted, the gains in the Nifty 50 were led by Wipro while the top loser was Axis Bank.

Stock Market Live Update: Nifty, Sensex Gain Pre-Open

At pre-open, the NSE Nifty 50 was trading 12 points or 0.05% lower at 25,100. The BSE Sensex was 95 points higher at 82,331.

Rupee Vs Dollar Today: Indian Currency Opens Weaker

Rupee opened 6 paise lower at 86.13 against the US Dollar. It closed at 86.07 on Thursday according to Bloomberg.

Wipro: What Jefferies Say Post Q1 Results  

  • Maintain an 'Underperform' rating; Hike target price to Rs 235 from Rs 200.

  • While the overall outlook is improving, the potential for upside in the stock appears capped.

  • Revenues are currently facing pressure due to challenges in large verticals.

  • A healthy pipeline of deal wins is expected to improve the future revenue outlook.

  • However, the ramp-up of these new deals is anticipated to impact profit margins.

Wipro: Morgan Stanley's Take Post Q1 Results  

  • Maintain 'Equal-weight' rating; Hike target price to Rs 285 from Rs 265.

  • The company's IT Services Q1 performance surpassed Street expectations.

  • The Q2 guidance provided was in line, with no negative surprises indicated.

  • Strong large deal wins are expected to contribute positively to growth acceleration in the second half of the fiscal year.

  • Improved capital allocation strategies are anticipated to support an uplift in the company's valuation multiples.

  • Despite the equal-weight stance, there is perceived potential for a re-rating of the stock.

Also Read: Stock Picks Today: What Brokerages Are Saying About Wipro, Axis Bank, Indian Hotels, HDFC AMC

Stock Market News Live: Wall Street Recap

US stocks finished at all-time highs Thursday as retail sales rebounded in June, easing concerns about a slowdown in consumer spending and underpinning a strong economy.

The S&P 500 Index rose 0.5% to briefly top the psychologically important 6,300 level, notching a fresh record for the first time in a week. The Nasdaq Composite climbed 0.7%, also closing at an all-time high. The Dow Jones Industrial Average added 0.5%.

Stock Market News Live: What F&O Cues Indicate

  • Nifty July futures down by 0.3% to 25,170 at a premium of 59 points.

  • Nifty July futures open interest up by 0.68%.

  • Nifty Options 24 July Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 24,000.

  • Securities in ban period: Angelone, Hindustan Copper, RBL Bank.

Also Read: Stock Market Today: All You Need To Know Going Into Trade On July 18

Stock Market News Live: GIFT Nifty Indicates Gap-Up Start

Good morning! Welcome to NDTV Profit's live coverage of the Indian equity markets. Here we bring you real-time updates, sharp analyst insights, top stock picks, and all the market moving news you need. Stay tuned and stay ahead of the curve.

The GIFT Nifty was trading near 25,200 early Friday. The futures contract based on the benchmark Nifty 50 rose 0.20% at 25,190 as of 7:05 a.m. indicating a start in green for the Indian markets.

India's benchmark equity indices pulled back on Thursday after two days of gains, weighed by heavyweights Infosys Ltd. and HDFC Bank Ltd.

The BSE Sensex lost 375.24 points or 0.45% to close at 82,259.24, while the NSE Nifty 50 ended 100.6 points or 0.4% lower at 25,111.45. The 50-stock gauge struggled to take out 25,200 due to call writing at that level on the weekly expiry day. Intraday, the index shed 0.44%.

Also Read: Stock Market Highlights: Sensex Falls, Nifty Tanks 100 Points On Expiry Day Action

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WRITTEN BY
Ann Jacob
Ann Jacob tracks markets with a special focus on personal finance. She clos... more
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