Indian equities ended the week in the red, with the Nifty 50 and Sensex both falling over 1%. Friday marked the sharpest single-day drop since mid-June, led by a selloff in IT stocks.
Top losers:
TCS dropped 3.4% after disappointing Q1 sales growth.
HDFC Bank was the biggest drag on the Nifty, down 1.1%.
Mahindra and Bajaj Auto also saw notable declines.
Top Gainers:
Hindustan Unilever surged 4.6% following the appointment of Priya Nair as CEO, sparking optimism for a growth revival.
SBI Life and Axis Bank posted modest gains.
Market Context:
Nifty 50 is up 6.4% YTD, trailing the MSCI Asia Pacific Index’s 11% gain.
Nifty Ends Lower for 4th Straight Session; Infosys, Jio Financial Drag The NSE Nifty 50 slipped 0.3% (67.55 points) to close at 25,082.30, marking its lowest close since June 24. This is the fourth consecutive day of losses.
Top Drags:
Infosys fell 1.5%, contributing the most to the index decline.
Jio Financial Services dropped 2.1%, the biggest loser of the day.
Reliance and Larsen & Toubro also weighed on the index.
Top Gainers:
Eternal surged 2.8%, leading the gainers.
Titan Co rose 1.3%
IndusInd Bank added 1.0%
Market Snapshot:
28 of 50 Nifty stocks declined.
Nifty is now 4.5% below its 52-week high (Sept 27, 2024) and 15.4% above its 52-week low (April 7, 2025).
P/E Ratio: 24.2 (trailing), 22.6 (forward)
Dividend Yield: 1.3%
30-day Volatility: Down to 9.46% from 9.70% (avg: 11.33%)
Other Market Moves:
India’s 10-year bond yield eased to 6.308%
MSCI Asia Pacific Index edged up; S&P 500 fell 0.3% in the last session
YTD Highlights:
Infosys is down 16.5% YTD
Bajaj Finance, despite today’s drop, is up 34.9% YTD
Indian Markets Rebound After Four-Day Slide as Inflation Cools
Indian equities ended a four-session losing streak on Tuesday, buoyed by softer-than-expected June inflation data. The NSE Nifty 50 rose 0.5% to close at 25,195.80, while the BSE Sensex gained 0.4%. The rally was led by financial heavyweights like HDFC Bank and ICICI Bank.
June CPI came in at 2.1% YoY—the slowest pace since January 2019—largely due to easing food prices. This data helped lift investor sentiment across sectors.
Key Highlights:
Top Gainers:
Hero MotoCorp (+4.8%),
Bajaj Auto (+2.8%),
Sun Pharma (+2.7%)
Top Losers:
HCL Tech (-3.3%),
Eternal (-1.5%),
SBI Life (-1.5%)
All 15 BSE sectoral indices ended in the green, with the Nifty Auto Index outperforming.
Software exporters also saw a modest rebound (+0.4%), helped by Nvidia’s decision to resume some product sales to China, easing geopolitical concerns.
Valuation Watch:
Nifty 50 is up 6.6% YTD, trading at 21.2x forward earnings.
In comparison, the MSCI Asia Pacific Index is up 12% YTD.
Earnings Season Update:
HCL Technologies disappointed with Q1 results, dragging its stock down the most since early May.
Nifty 50 Ends Flat; Infosys, Mahindra & Mahindra Among Top Gainers
The NSE Nifty 50 Index closed marginally higher at 25,212.05 in Mumbai. Infosys was the biggest contributor to the index’s gain, rising 1.4%, while Mahindra & Mahindra posted the largest percentage increase at 2.2%.
Out of the 50 constituents, 20 advanced while 29 declined.
Key Highlights:
The index is up 2.4% over the past year, though it remains 4.1% below its 52-week high (Sept 27, 2024) and 16% above its low (April 7, 2025).
Over the past 5 days, the index is down 1%, but it has gained 1.1% in the last 30 days.
Current P/E ratio stands at 24.3 (trailing) and 22.5 (forward), with a dividend yield of 1.3%.
Market cap of all Nifty 50 constituents totals ₹199.3 trillion.
30-day price volatility has eased to 9.40%, down from 9.50% in the previous session and below the monthly average of 11.17%.
Shriram Finance: -2.4%
Eternal: -1.5%
Sun Pharma: -1.5%
Global Context:
MSCI AC Asia Pacific Index fell 0.2%
S&P 500 declined 0.4% in the last session
MSCI Emerging Markets Index slipped 0.1% to 1,238.86
India’s 10-year bond yield held steady at 6.312%
Indian Markets Slip as IT Earnings Disappoint, Growth Concerns Surface
Indian equity benchmarks ended lower on Thursday, weighed down by weak earnings in the IT sector and growing concerns about a potential economic slowdown.
Nifty 50 closed down 0.4% at 25,111.45
Sensex dropped 0.5%
Out of the 50 Nifty stocks, 19 advanced while 31 declined
Top Losers:
Tech Mahindra fell 2.7% after missing earnings estimates
IndusInd Bank dropped 1.7%
Infosys slipped 1.5%
Top Gainers:
Tata Consumer rose 2.2%
Tata Steel gained 1.6%
Hindalco added 1.2%
Sector-wise, 9 of the 15 NSE indices ended in the red. The Nifty IT Index was the biggest drag, while Nifty Realty outperformed.
Analysts at Bernstein noted signs of slowing economic momentum:
Industrial production hit a 9-month low in May
Power demand and oil/gas output moderated in April-May
Air traffic growth is also showing signs of cooling
Despite today’s dip, the Nifty 50 is still up 6.2% YTD, though it lags behind the MSCI Asia Pacific Index, which is up 12%.
Valuation: Nifty 50 stocks are trading at 20.8x forward earnings.
Nifty 50 Dips Slightly; Reliance Drags Index
The NSE Nifty 50 Index slipped 0.1% to close at 25,060.90, following a 0.5% gain in the previous session. Reliance Industries was the biggest drag, falling 1.1%, while Shriram Finance led the losers with a 2.4% drop.
32 of 50 stocks declined, while 18 advanced.
Top Losers:
Shriram Finance (-2.4%),
Eicher Motors (-2.1%),
Adani Ports (-2.1%)
Top Gainers:
Eternal (+10.3%),
HDFC Life (+1.5%),
Titan Co (+1.2%)
Key Stats:
Nifty is down 1.8% this month, but up 2.3% YoY
Currently 4.6% below its 52-week high (Sept 2024)
Trading at a P/E of 24.6 (trailing) and 22.1 (forward)
Dividend yield: 1.3%
Volatility remains steady at 9.22%
Notable mover:
Eternal surged over 10% on strong revenue growth, hitting a record high.
Indian Markets Log Biggest Gain in a Month, Led by Financials and Telecom
Indian stock markets posted their strongest rally since June 26, driven by gains in financial services and telecom companies.
The NSE Nifty 50 rose 0.6% to 25,219.90
The BSE Sensex climbed 0.7% to 82,726.64
Despite the gains, Indian equities underperformed broader Asian markets, where the MSCI Asia Pacific Index jumped 2.1% following optimism around a US-Japan trade agreement.
Top Performers
Tata Motors (TTMT): +2.5%
Shriram Finance (SHFL): +2.2%
Bharti Airtel (BHARTI): +1.9%
HDFC Bank: +0.9% (biggest contributor to Nifty 50’s gain)
Top Losers
Tata Consumer (TATACONS): -2.0%
Hindustan Unilever (HUVR): -1.2%
Bharat Electronics (BHE): -0.7%
Market Snapshot
Nifty 50 YTD performance: +6.7%
MSCI Asia Pacific YTD performance: +15%
Nifty 50 valuation: Trading at 20.4x forward earnings
Nifty 50 Falls 0.6% — Reliance, Nestle Lead Decline
The NSE Nifty 50 Index closed at 25,062.10, down 0.6%, marking its sharpest drop since July 11. The decline was led by Reliance Industries (-1.5%) and Nestle India (-5.3%), with 34 of 50 stocks ending in the red.
Key Highlights:
Top Gainers:
Eternal (+3.7%),
Tata Motors (+1.5%),
Dr Reddy’s (+1.5%)
Biggest Losers:
Nestle India (-5.3%),
Trent (-3.8%),
Shriram Finance (-3.1%)
YTD Performance:
Nifty is up 2.7% YoY, but down 1.8% this month
Valuation: P/E ratio at 24.7 (TTM), dividend yield at 1.3%
Volatility: 30-day price volatility eased to 8.83%
Market Context:
Nifty is 4.6% below its 52-week high (Sept 2024)
MSCI Asia Pacific Index gained 0.7% today
10-year bond yield rose to 6.327%
India Market Midday Wrap – Steel Stocks Shine, Midcaps Rally
Markets are trading higher this Wednesday, with metal stocks leading the charge and midcaps showing strength across the board. Here’s a quick snapshot of what’s moving:
Index Performance (as of 12:31 PM, Mumbai):
Nifty 50: +0.2%
Sensex: +0.1%
Nifty Midcap: +0.3%
Nifty 500: +0.3%
Top Gainers by Market Cap:
Over ₹20,000 Cr:
Tata Steel: +3.8%
JSW Steel: +2.1%
Hyundai Motor India: +2.5%
Titan: +1.6%
UPL: +1.4%
₹4,000 Cr to ₹20,000 Cr:
Jindal Steel: +3.9%
Coromandel Intl: +3.7%
Glenmark Pharma: +3.7%
Yes Bank: +3.1%
Elitecon Intl: -5% (notable loser)
₹2,500 Cr to ₹40,000 Cr:
Tbo Tek: +13%
Hemisphere Properties: +11%
E2E Networks: +10% (hit upper circuit after ₹177 Cr GPU order from MeitY)
Jain Irrigation: +8.1%
Netweb Technologies: +8%
Other Highlights:
Eternal Ltd rallied after NDTV Profit reported a fee hike for its Zomato food delivery service.
Asian gold producers gained globally as bullion hit record highs.
Investors should closely ahead of the key consumption tax panel meeting. With metals and tech in focus, volatility could pick up.
Nifty Jumps 0.6% – Tata Steel Surges, HDFC Bank Leads the Charge
The NSE Nifty 50 Index closed at 24,715.05, up 0.6%, marking its highest close since Aug 25. This comes after a mild dip in the previous session and signals renewed strength in the Indian equity markets.
Market Wrap – GST Cut Cheers Fizzle Out Late in Session
Markets opened strong today on the back of the government’s GST rate cut announcement, but most of the gains were wiped out by the end of the session as profit booking kicked in, especially in tech and energy counters.
Nifty 50 was up as much as +1.1% intraday, but closed just +0.1% higher.
Smallcaps & Midcaps saw a sharper reversal – Nifty Smallcap 250 dropped -0.7%, after being up +1.1% earlier.
What triggered the rally?
The government has simplified the GST structure to just two slabs – 5% and 18%, down from four. This includes cuts on daily-use items, insurance premiums, and vehicles. The move is seen as a counter to the impact of US tariffs and a boost to consumption.
Winners:
Mahindra & Mahindra: +5.9% (benefits from vehicle GST cut)
Bajaj Finance: +4.3% (also announced INR 10B bond issue)
Apollo Hospitals: +2.1%
Losers:
Tata Consumer: -3%
HDFC Life: -2.9%
Wipro: -1.8%
Investor Sentiment: Despite the tax cut, foreign investors remain cautious. Over $15B has been pulled from Indian equities this year due to weak earnings growth and high valuations. Nifty is up +4.6% YTD, but still lags behind the MSCI Asia Pacific Index, which is up +16%.
Quote from CIO
Sentiment is poor and expectations are low due to tariffs. This GST cut is a positive catalyst. – Manraj Sekhon, CIO, Templeton Global
Valuation Watch:
Nifty 50 is trading at 20.1x forward earnings, which is still considered rich by many analysts.
Market Wrap
Indian equities ended lower for the 8th straight session, with the Nifty 50 and Sensex both down 0.1%, capping off a weak quarter with a 3.6% decline. Midcaps and broader indices were mostly flat.
Blue Dart: Surged 11% after announcing shipment price hikes for 2026.
Tata Investment Corp: Jumped 17%, leading midcap rally.
Bank of India: Up 3.9%
Indian Bank: Up 3.6%
Hindustan Zinc: Up 3.5%
JSW Steel: Up 1.8%
UltraTech Cement: Up 1.5%
Top Losers
Jaro Institute: Down 17.7% from IPO price of ₹890.
Man Industries: Dropped 10% after SEBI fines over accounting issues.
KPIT Tech: Down 9.3%
Subros: Down 9.1%
Hitachi Energy India: Down 6.5%
Altius Telecom Infra Trust: Down 4.1%
Godfrey Phillips: Down 3.6%
Hyundai Motor India: Down 2.2%
InterGlobe Aviation (IndiGo): Down 2%
Sentiment Check:
Foreign investors continue to pull out, contributing to the worst quarter of 2025 so far. IPOs are seeing mixed reactions, with some strong debuts and others facing selling pressure. Blue Dart’s price hike plan is being seen as a positive for margins.