Sensex Slips 200+ Points as IT, Financials Drag; Global Cues Weigh on Markets

By Rakesh

Synopsis : Indian stock markets opened lower on Thursday, with Sensex shedding over 200 points and Nifty slipping below the 25,200 mark. Weakness in IT and financial stocks, coupled with global uncertainty around US Fed Chair Jerome Powell’s future, dampened investor sentiment.


Sensex Slips 200+ Points as IT, Financials Drag; Global Cues Weigh on Markets


Stock Market Today – July 17, 2025

Indian equity benchmarks faced selling pressure in early trade on Thursday, as global concerns and sectoral weaknesses dragged indices into the red. The BSE Sensex fell over 200 points, while the Nifty slipped below the crucial 25,200 level, reflecting cautious investor sentiment.


The downturn echoed across Asian markets amid rising uncertainty around US Federal Reserve Chair Jerome Powell's future, causing investors to adopt a wait-and-watch approach. This global unease filtered into domestic indices, weighing heavily on IT, financial services, media, and PSU bank stocks.


On a more positive note, auto, pharma, FMCG, metals, realty, energy, infrastructure, and PSE sectors managed to post modest gains, showcasing selective sectoral resilience. Meanwhile, small-cap and mid-cap stocks witnessed a slight uptick, hinting at underlying market optimism.


Key Earnings Awaited:

Markets are also on edge ahead of Q1 earnings announcements from key companies including Axis Bank, Wipro, Jio Financial, LTI Mindtree, HDFC AMC, and Indian Hotels. These results are likely to set the tone for market direction in the coming sessions.


Top Trades of the Day:


Reliance Power fell 2% following its plan to raise ₹6,000 crore through QIP, FPO, and debentures.

Tech Mahindra slipped 2% after missing Q1 estimates.


Global Market Overview:


S&P 500 futures were down 0.7% (Tokyo time)

Australia’s ASX 200 dropped 0.4%

Japan’s Topix remained flat

Euro Stoxx 50 futures inched up 0.1%


Despite the initial pressure, analysts believe the Indian market may consolidate with a positive bias in the coming weeks. Factors like improving rural demand, healthcare growth, and potential breakthroughs in IndiaUS trade talks could help offset the current weakness.


DisclaimerThis article is for informational purposes only and should not be considered financial advice. Always consult a qualified financial advisor before making investment decisions.

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