Synopsis : Indian markets witnessed a sharp decline on Friday as disappointing Q1 results from TCS triggered a broad-based sell-off across IT, auto, and banking stocks. The Sensex dropped over 600 points, and Nifty slipped below the key 25,200 level.
Indian equity markets opened deep in the red on Friday, July 11, 2025, with the BSE Sensex plunging 647 points to 82,543 and the NSE Nifty50 falling 203 points to 25,153. The downfall was led primarily by TCS, which reported a tepid set of numbers for Q1FY26.
Tata Consultancy Services’ (TCS) stock fell 2% after the IT major posted ₹63,437 crore in revenue, reflecting just 1.3% Y-o-Y growth, while constant currency revenues dipped 3.1%, sparking a wave of profit booking in IT counters.
Sectoral & Broader Market Impact
Nifty IT index tumbled 1.6%, weighed down by Infosys, Tech Mahindra, HCL Tech, and TCS.
Auto and Financial stocks also dragged indices lower, with the Nifty Auto index down 1.24%.
In contrast, Nifty Pharma and FMCG indices managed to gain 0.81% each, offering some respite.
Nifty MidCap and SmallCap indices fell 1.06% and 1.12%, respectively, reflecting broader market weakness.
Buzzing Stocks
Infosys, Tech Mahindra, Bajaj Finserv, Bharti Airtel, and RIL were among the top losers.
HUL surged 4% intraday after appointing Priya Nair as MD & CEO, effective August 1.
Glenmark Pharmaceuticals hit 10% upper circuit after subsidiary IGI announced global plans for ISB 2001 in oncology.
Tata Elxsi dropped 7% post its Q1 earnings.
Ireda shares plunged 5% after a 36% drop in Q1FY26 net profit.
Global Sentiment
Global cues remained tepid, with investor sentiment rattled by mixed earnings data and ongoing trade tensions. Traders remain on edge ahead of further updates on a potential India-US trade deal, which could provide directional clarity in coming sessions.
Technical Outlook
According to analysts, support for Nifty lies at 25,100, and resistance at 25,350–25,400. If selling pressure continues, Nifty could test 25,000, while a rebound will require a strong turnaround in IT and banking names.
Disclaimer : This article is for informational purposes only and does not constitute financial advice. Investors should consult certified financial advisors before making investment decisions.
