Indian markets extended their losing streak for the fourth consecutive session as weak global cues and continued foreign institutional outflows weighed on sentiment.
The Sensex dropped 247 points to end at 82,253, while the Nifty 50 slipped 68 points to close at 25,082.
Major drag came from the IT sector, which saw heavy selling pressure amid earnings worries and cautious commentary.
Jio Financial Falls 2% | Volatility Hits Heavyweight
Jio Financial Services Ltd (₹319.30 | -2.00%)
Jio Financial saw significant selling amid broader market weakness and lack of near-term triggers, despite high trading volumes.
- 52-Week Range: ₹198.65 – ₹363.00
- Volume: 179.81 Lakh shares
- Market Cap: ₹2,02,855 Cr
Tech Mahindra Slides Over 1.7% | IT Sector Under Pressure
Tech Mahindra Ltd (₹1,575.00 | -1.72%)
Tech Mahindra joined the broader IT decline as market sentiment remained cautious ahead of more earnings releases.
52-Week Range: ₹1,209.40 – ₹1,807.70
Volume: 20.68 Lakh shares
Market Cap: ₹1,54,225 Cr
Wipro Dips 1.57% | IT Continues Its Weak Run
Wipro Ltd (₹254.25 | -1.57%)
Wipro extended losses as part of the IT pack’s underperformance. High volume and moderate delivery selling indicate short-term weakness.
- 52-Week Range: ₹228.00 – ₹324.60
- Volume: 103.88 Lakh shares
- Market Cap: ₹2,66,517 Cr
Infosys Down 1.53% | All Eyes on IT Earnings Guidance
Infosys Ltd (₹1,570.50 | -1.53%)
Infosys was among the top IT losers today. Investors await its Q1 earnings and commentary amid margin pressure concerns.
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- 52-Week Range: ₹1,307.00 – ₹2,006.45
- Volume: 91.73 Lakh shares
- Market Cap: ₹6,52,428 Cr
With four straight red sessions, sentiment remains weak, especially in IT. Investors are closely watching earnings releases and global macro indicators, particularly on the inflation and interest rate front.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
What Crashed Nifty, IT & Media on July 11? Full Market Breakdown Inside
On July 11, the Indian stock market experienced a widespread sell-off, resulting in all major indices finishing in negative territory.
अद्वेष्टा सर्वभूतानां मैत्रः करुणा एव च।
One who is not envious but is a kind friend to all living entities is certainly eligible for liberation.
