Sensex and Nifty News: Benchmarks Slip on Expiry Day as IT Drags Markets Down

Market Performance: Sensex and Nifty Slide on Expiry Day

On July 17, the Indian stock market faced late-session selling, dragging the benchmarks into the red.

• Sensex dropped 375.24 points or 0.45% to close at 82,259.24
• Nifty 50 fell 100.60 points or 0.40%, settling at 25,111.45

The broader market showed resilience:

• Nifty Midcap 100: Down 0.1%
• Nifty Smallcap 100: Down 0.1%
• On the BSE, 1952 shares advanced, 1931 declined, and 142 remained unchanged

Main News: Sectoral Impact and Key Drags

Top Gainers in Nifty 50

• Tata Consumer: +2.01%
• Tata Steel: +1.68%
• Hindalco Industries: +0.79%

Top Losers in Nifty 50

• Tech Mahindra: -2.72%
• IndusInd Bank: -1.90%
• Infosys: -1.67%

Sectoral Snapshot

• Nifty Realty: +1.24%
• Nifty Metal: +0.67%
• Nifty Consumer Durables: +0.50%
• Nifty IT: -1.39%
• Nifty PSU Bank: -0.79%
• Nifty Private Bank: -0.58%
• Nifty Bank: -0.59%
• Financial Services Index: -0.40%

Broader Market Buzz

• Volume Leaders:
  • Vodafone Idea: 34.51 Crore shares
  • Alok Industries: 27.42 Crore shares
  • Ola Electric: 16.84 Crore shares
• High Movers (10%+ Gains):
  • Viji Finance, Le Travenues Technology, Manaksia Aluminium, Radhika Jeweltech, Navkar Corporation
• Sharp Decliners (10%+ Losses):
  • TT LTD-RE, GVP Infotech Limited-RE, Jayaswal Neco Industries, Magellanic Cloud
• Stocks at Upper Circuit: 89
• Stocks at Lower Circuit: 40

Company Details and Market Breadth

Market Breadth on BSE

• Total Stocks Traded: 4,199
• Advances: 2,007
• Declines: 2,040
• Unchanged: 152

52-Week Highs (149 Stocks)

Notables include:

• HDFC AMC
• MRF
• RBL Bank
• The Ramco Cements
• JK Lakshmi Cement
• Global Health

52-Week Lows (40 Stocks)

Includes:

• HDB Financial Services
• Jindal Worldwide
• Pashupati Cotspin
• Smartworks Coworking Spaces
• Sprayking

Summary of the Article

The Indian stock market ended on a cautious note on July 17, with both the Sensex and Nifty slipping amid expiry-day volatility and sectoral weakness led by IT stocks.

While benchmark indices showed moderate declines, mid and small-cap stocks remained relatively stable. The Nifty Realty and Metal sectors provided some support, while Tech and Banking dragged the market down.

Investor sentiment was subdued due to ongoing foreign capital outflows, subdued Q1 earnings, and concerns about valuation. The trading session also reflected shifts in fund preferences across Asia-Pacific markets, impacting India's positioning among regional investment destinations.