Key benchmark indices Sensex and Nifty declined for the third session in a row on Friday (July 11, 2025), dropping nearly 1%, dragged by heavy selling in IT, auto and energy stocks.
Tariff-related uncertainties amid mixed global market trends also added to the pressure, analysts said.
The 30-share BSE Sensex tanked 689.81 points or 0.83% to settle at 82,500.47. During the day, it fell 748.03 points or 0.89% to 82,442.25.
Similarly, the 50-share NSE Nifty dropped 205.40 points or 0.81% to 25,149.85.
From the Sensex firms, Tata Consultancy Services declined 3.46% after reporting its June quarter earnings.
The country’s largest IT services company on Thursday (July 10, 2025) reported a 6% growth in June quarter net profit at ₹12,760 crore, helped by a jump in non-core income even as revenues grew at a tepid pace.
The rupee revenue grew 1.3% to ₹63,437 crore during the quarter. Still, it was down by over 3% on a constant currency basis, as the company faced headwinds in its major markets amid a winding down of the BSNL deal, which helped it in recent quarters.
Mahindra & Mahindra, Bharti Airtel, Tata Motors, Titan, HCL Tech, Bajaj Finance, Reliance Industries, Trent, Infosys and HDFC Bank were among the other major laggards from the pack.
Shares of Hindustan Unilever Ltd. (HUL) surged 4.61% following the announcement that Priya Nair will become the first woman CEO and MD of the firm, effective August 1, 2025.
Axis Bank, NTPC, Eternal and State Bank of India were also among the gainers.
“The domestic market experienced a negative close due to a sober start to Q1 earnings season and a ramp-up in the tariff threat by the U.S. to impose a 35% tariff on Canada. Investors may continue to be focused on quarterly earnings for a buy-on-dips strategy. However, in the near term, the current premium valuation and the global headwinds like low spending and tariff uncertainties may restrain new inflows.
“The IT index underperformed due to deferment in orders and new investments, which may impact FY26 earnings estimates,” Vinod Nair, Head of Research, Geojit Investments Limited, said.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index settled lower, while Shanghai’s SSE Composite index and Hong Kong’s Hang Seng ended higher.
European markets were trading lower.
The U.S. markets ended in positive territory on Thursday (July 10, 2025).
Global oil benchmark Brent crude climbed 0.31% to $68.85 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth ₹221.06 crore on Thursday (July 10, 2025), according to exchange data.
On Thursday (July 10, 2025), the Sensex dropped 345.80 points or 0.41% to settle at 83,190.28. On similar lines, the Nifty declined 120.85 points or 0.47% to 25,355.25.
Published – July 11, 2025 04:24 pm IST