Synopsis : Indian markets extended their losses for the third consecutive session on Friday, dragged down by weak Q1 earnings in the IT sector and escalating global trade tensions. Hindustan Unilever and Glenmark emerged as rare gainers in an otherwise cautious market.
Indian equity markets opened lower on July 11, 2025, deepening their decline for a third straight session as a mix of global uncertainties and weak domestic cues weighed on investor sentiment. The ongoing concerns around President Trump’s newly announced 35% tariffs on Canada, along with possible tariffs on other major trade partners, have rattled global markets, adding to the cautious approach among investors.
By mid-morning, the Nifty 50 had dropped around 0.3–0.4%, moving between 25,262 and 25,290 before slipping further to 25,163. The Sensex mirrored this trend, declining by about 0.4% to touch 82,547, reflecting a loss of nearly 643 points in intraday trade.
The drag on the indices was led by IT stocks, following a weaker-than-expected first-quarter performance from TCS, which fell around 2.1%, pulling down the Nifty IT index by 1.1%. Other IT majors like Infosys and Wipro also traded lower, reflecting broader concerns about discretionary IT spending amid global trade uncertainties.
Despite the prevailing weakness, there were a few bright spots in Friday’s session. Hindustan Unilever saw a surge of 4.4% following the announcement of a new CEO, signalling investor confidence in its leadership transition. Glenmark Pharmaceuticals also rallied nearly 10% after securing a licensing agreement with AbbVie, bringing some relief to a market struggling to find upward momentum.
Other notable stock movements included declines in Tata Elxsi and IREDA, which fell by 4–5%, while Anand Rathi Wealth saw a 5% increase after posting its earnings report, showing that stock-specific action continues to shape market flows despite broader headwinds.
The rupee was expected to open weaker around 85.70–85.74 per US dollar, tracking dollar strength amid the ongoing trade tensions, which is adding another layer of caution for foreign institutional investors and raising concerns about higher input costs for domestic firms.
With SEBI’s freeze on Jane Street funds weighing on options volumes, particularly in the Bank Nifty, market activity has been subdued, though analysts expect a rebound in the next four to six weeks. However, with continued fears of further tariff escalations and trade-war risks looming, investors remain cautious, aware that these factors could pressure earnings across export-driven sectors and tighten bank margins in the quarters ahead.
As the earnings season progresses, markets are expected to remain stock-specific, with investor focus shifting toward domestic corporate results while keeping an eye on global cues. However, any fresh escalation in trade-war rhetoric or tariff implementations could keep volatility elevated, challenging investor confidence and market stability in the near term.
Disclaimer : This article is for informational purposes only and does not constitute investment advice. Readers are advised to consult their financial advisors before making investment decisions.
