Sensex and Nifty News: Market Drops for Second Day Amid Earnings Caution

Market Performance: Sensex and Nifty Extend Losses

The Indian stock market witnessed another day in the red as benchmark indices fell for the second consecutive session on Thursday, July 10.

• Sensex closed at 83,190.28, down 345.80 points or 0.41%
• Nifty 50 settled at 25,355.25, losing 120.85 points or 0.47%

This decline comes amid uncertainty over tariffs, cautious investor sentiment, and the absence of primary triggers ahead of the Q1 earnings season.

The broader markets also mirrored the bearish tone:

• BSE Midcap index declined by 0.28%
• NSE Smallcap index posted a marginal gain of 0.12%

Main News: Key Highlights from Indian Stock Market Today

Here are 10 critical developments from the trading session:

1. Muted Investor Sentiment Continues

• No significant breakout in the indices, with the Nifty trading within the 24,470–25,670 range since June.
• The lack of fresh cues and a delay in the India–US trade deal kept activity subdued.

2. Top Gainers in Nifty 50

• IndusInd Bank: up 1.56%
• Maruti Suzuki India: up 1.40%
• Tata Steel: up 1.03%

3. Top Losers in Nifty 50

• Bharti Airtel: down 2.76%
• Asian Paints: down 2.06%
• HDFC Life: down 2.05%

A total of 38 out of 50 stocks on the Nifty 50 ended in the red.

4. Sectoral Index Performance

• Nifty Realty: up 0.72%
• Nifty Metal: up 0.42%
• Nifty Consumer Durables: up 0.11%

On the downside:

• Nifty PSU Bank: down 0.80%
• Nifty IT: down 0.79%
• Nifty Bank: fell 0.45%
• Private Bank index: dropped 0.48%
• Financial Services index: declined 0.27%

5. Most Active Stocks by Volume on NSE

• Jaiprakash Power Ventures: 34.5 Crore shares
• RattanIndia Power: 32.26 Crore shares
• Vodafone Idea: 29.44 Crore shares

6. Stocks Jumping Over 10%

Nine stocks saw sharp gains above 10%, including:

• Soma Textiles
• Peninsula Land
• DCM
• Mamata Machinery
• Nectar Lifesciences

7. Stocks Falling More Than 5%

Six stocks dropped more than 5%, such as:

• Ind-Swift Laboratories
• Eimco Elecon (India)
• Visa Steel
• Aartech Solonics
• Godha Cabcon & Insulation
• Shanti Overseas (India)

8. Upper Circuit Hits

Over 100 stocks touched their upper circuit limits, indicating positive movement in select counters:

• Mamata Machinery
• Crizac
• Prostarm Info Systems
• Acme Solar Holdings
• Flair Writing Industries

9. Advance-Decline Ratio

Out of 4,161 stocks traded on the BSE:

• 1,959 advanced
• 2,064 declined
• 138 remained unchanged

10. 52-Week Highs

Nearly 146 stocks hit their 52-week highs, including:

• UltraTech Cement
• SRF
• Glenmark Pharmaceuticals
• Laurus Labs
• UTI Asset Management
• Navin Fluorine International

Company Details: Heavyweights Show Mixed Movement

Several frontline stocks exhibited contrasting trends:

• Gainers: Maruti Suzuki, Tata Steel, Bajaj Finance, Bajaj Finserv
• Losers: Bharti Airtel, Asian Paints, HDFC Life, Apollo Hospitals, Shriram Finance

In the IT sector, large-cap companies such as Infosys, Wipro, TCS, and Tech Mahindra contributed significantly to the day's losses, dragging the Nifty IT index lower.

Financial Highlights (Index Overview)

 Sensex and Nifty

• Sensex: 83,190.28 (–345.80 points, –0.41%)
• Nifty: 25,355.25 (–120.85 points, –0.47%)

Sectoral Performance

Broader Indices

• Nifty Midcap 100: –0.29%
• Nifty Smallcap 100: –0.28%

India VIX (Volatility Index)

• Fell by 2.1% to 11.68

Summary of the Article

• The Sensex and Nifty fell for the second consecutive day, weighed down by global trade uncertainty and caution during the earnings season.
• Broader indices showed mixed trends, with midcaps and smallcaps seeing limited downside.
• The IT and PSU Bank sectors were the significant drags, while the Realty and Metals sectors saw minor gains.
• More than 100 stocks hit upper circuits, and 146 stocks hit 52-week highs, signaling pockets of bullishness.
• The market remains range-bound with no fresh breakouts, awaiting further cues.