Synopsis : Markets opened on a cautious note Thursday as Sensex slipped over 200 points and Nifty fell below 25,200, dragged by Infosys and IEX. Weakness in heavyweight stocks overshadowed strong global cues and optimism around Q1 earnings.
Stock Market LIVE – July 24, 2025
Indian equity indices turned red in early trade on Thursday, reflecting profit booking in large-cap stocks and caution ahead of a packed Q1 earnings calendar. At 10:00 AM, the BSE Sensex was down 230.62 points at 82,496.02, while the Nifty50 declined 51.80 points to 25,168.10.
Despite a positive start, key stocks like Infosys and IEX dragged the benchmarks down, with IEX tumbling nearly 10% amid heavy selling pressure.
Opening Snapshot:
Sensex: Opened at 82,638.36, slightly in the red
Nifty50: Opened at 25,223.30, down 0.04%
Bank Nifty: Started at 57,154.45, down 0.10%
Key Early Movers:
Top Gainers: Tata Motors, Eternal, Sun Pharma, Bharti Airtel, Tata Steel
Top Losers: Infosys (-1%), IEX (-10%), Axis Bank, Bajaj Finance, UltraTech Cement, Kotak Mahindra Bank, Trent
Market Commentary:
Prashanth Tapse of Mehta Equities highlighted that Nifty faces resistance at 25,670, with momentum supported by hopes of a favorable US–India tariff deal and Q1FY26 earnings surprises, particularly from Infosys.
Shrikant Chouhan of Kotak Securities added,
Support zones: 25,060/82,000 and 25,100/82,200
Resistance zones: 25,350/83,000; a breakout could lead to 25,500+ levels
For Bank Nifty, key levels are:
Support: 56,900
Resistance: 57,300; breakout may lead to 57,700
Global Market Boost:
Despite domestic declines, Asian markets remained upbeat, driven by record highs in Japan’s Topix and positive trade developments between the US, Japan, and EU.
Topix: +1.2%
Nikkei 225: +1.09%
Kospi (South Korea): +1.17%
ASX 200 (Australia): +0.15%
Corporate Earnings to Watch:
Over 60 companies are set to report Q1FY26 earnings today, including:
ACC, Nestle India, Bajaj Finance, Adani Energy, Canara Bank, and more. These results are expected to steer market sentiment for the rest of the week.
Outlook:
While the technical setup remains bullish above 25,100, a sustained fall below that may trigger more downside. Investors are advised to monitor support levels and earnings data closely, as volatility is likely to persist in the near term.
Disclaimer : This article is intended for informational purposes only. Please consult a certified financial advisor before making any investment or trading decisions.
