India Stock Market Update: The Indian stock market dropped sharply for the second day in a row on Friday, July 25. The Sensex fell by 721 points (0.88%) and closed at 81,463.09. The Nifty 50 also dropped by 225 points (0.90%) to end at 24,837.
There was a general sell-off in the market. Mid-size and small companies were hit even harder. The BSE Midcap index went down by 1.46%, and the Smallcap index fell by 1.88%.
Investors lost around ₹6.5 lakh crore in a single day, as the total value of companies listed on the BSE fell from ₹458.11 lakh crore to ₹451.7 lakh crore.
Table of Contents
India Stock Market Update: 10 key highlights
1. Why did the share market fall for the second consecutive session?
Weak company earnings, delays in the India-US trade deal, and continued selling by foreign investors are some of the main reasons why the stock market is falling. High prices of Indian stocks also made investors cautious.
Vinod Nair, Head of Research at Geojit Investments, said that poor company results and weak global signals caused widespread selling in the Indian stock market. Large-cap stocks were already expensive, and foreign investors were holding many short positions, which increased the selling pressure.
He added that investors are still nervous due to the uncertainty in the US-India trade talks. The European Central Bank (ECB) has also kept interest rates unchanged, waiting for more clarity on how trade issues might affect inflation. Meanwhile, Indian institutional investors have slowed down their buying after strong activity in recent months. This, along with weak earnings and continued foreign selling, is keeping the market under pressure.
2. Top gainers in the Nifty 50 index
Only seven stocks in the Nifty 50 index ended with gains. The top performers were Cipla, which rose by 3.17%, SBI Life Insurance, up by 2.07%, and Apollo Hospitals, which gained 1.50%.
3. Top losers in the Nifty 50 index
The biggest losers in the Nifty 50 index were Bajaj Finance, which fell by 4.81%, Shriram Finance, down 3.64%, and IndusInd Bank, which dropped 2.64%.
4. Sectoral indices today
Except for Nifty Healthcare (up 0.69%) and Pharma (up 0.54%), all sector indices ended in the red. The biggest losses were seen in Media (down 2.61%), Oil & Gas (down 1.96%), PSU Bank (down 1.70%), and Metal (down 1.64%).
Nifty Bank fell by 0.94%, and Financial Services dropped 0.88%.
5. Most active stocks in terms of volume
The most actively traded stocks on the NSE by volume were Jayaswal Neco Industries (34.72 crore shares), Vodafone Idea (23.83 crore shares), and Ola Electric Mobility (13.61 crore shares).
6. 15 stocks jump over 10% on BSE
Despite the weak market, 15 stocks on the BSE rose by more than 10%. Some of these were The Phosphate Company, Aashka Hospitals, Sharda Cropchem, Kellton Tech Solutions, Sharika Enterprises, and Vimta Labs.
7. Seven stocks crash over 10%
On the BSE, seven stocks fell by more than 10%. These included B-Right Realestate, Eighty Jewellers, Jonjua Overseas, and Hexaware Technologies.
8. Advance-decline ratio
Out of 4,154 stocks traded on the BSE, 1,116 went up, 2,893 went down, and 145 stayed the same.
9. 111 stocks hit 52-week highs
Even though the stock market fell a lot, 111 stocks reached their highest prices in the past 52 weeks during the day. Some of these were ICICI Bank, eClerx Services, Home First Finance Company India, Laurus Labs, Sai Life Sciences, Shyam Metalics and Energy, and Torrent Pharmaceuticals.
10. Nifty’s technical outlook
Praveen Dwarakanath, Vice President of Hedged.in, said that the Nifty index dropped quickly from 25,200 and closed near 24,800, which might lead to a bounce back up from this level.
He also mentioned that the index is near the lower Bollinger band, which usually acts as support and can help the market rise.
The momentum indicators show the market is oversold, meaning it could go up from here.
Dwarakanath added that the Nifty is at a strong buying level between 24,600 and 24,800. If it bounces up from here, it could be a good chance to sell near 25,200.
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