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Informist, Monday, Jul. 14, 2025

By Akash Mandal

MUMBAI – The benchmark indices ended lower for the fourth straight session, but the Nifty 50 crucially stayed above its immediate support of 25000 points as weak earnings expectations for the June quarter, likely selling by foreign investors, and uncertainty regarding US tariffs weighed on the market. 

The Nifty 50 closed at 25082.30 points, down 67.55 points or 0.3%. The 50-stock index remained weak for the entire session but recovered a bit after coming dangerously close to the 25000 level in afternoon trade. The recovery was led mainly by large-cap bank stocks. While many stocks in the index ended with robust gains, heavyweights such as Infosys, Reliance Industries, Tata Consultancy Services, and Larsen & Toubro closed 1-2% lower and constituted the biggest drag on the index. The BSE Sensex closed at 82253.46 points, down 247.01 points or 0.3%.

Eternal ended nearly 3% higher and was by far the biggest gainer in the Nifty 50. The stock has been performing well over the last few weeks, rising nearly 9% in the last 30 days, with global brokerages such as Morgan Stanley taking a bullish stance on the stock despite the concern of some analysts about its high valuation. The stock trades at an eye-watering price-to-earnings ratio of 207 based on earnings estimates for the financial year 2025-26 (Apr-Mar), a report by Kotak Institutional Equities dated Jul. 4 said. This is the same valuation as FSN E-Commerce Ventures, and much higher than Info Edge (India)'s price-to-earnings ratio of 84.

Broader market indices also ended with robust gains after being subdued for the past week or so. Small-cap indices surged around 1%, and mid-cap indices also ended higher. Powered by the broader market stocks, most sectoral indices ended in positive territory. 

Neuland Laboratories ended at its 20% upper band of INR 14,761, and was the bigger gainer in the Nifty 500. Ola Electric Mobility closed 18% higher, coming close to a one-month high during the session. The stock snapped a five-session losing streak but is still down 45% this year. Anand Rathi Wealth, Jaiprakash Power Ventures, and Vodafone Idea also closed 8-15% higher.

The Nifty IT ended over 1% lower and was the worst hit among sectoral indices amid weak June quarter earnings expectations for most of the companies in the information technology sector. The index has now fallen for the fourth straight day, declining over 4%. Tech Mahindra, Infosys, and Wipro all closed around 1.5% lower. The Nifty India Defence ended nearly 1% lower, falling for the third straight day amid worries of lofty valuations in the sector. The index is still up 30% in 2025. Garden Reach Shipbuilders & Engineers, Cochin Shipyard, and Mazagon Dock Shipbuilders ended 2-5% lower.

On the other hand, the Nifty Realty ended over 1% higher and was the top performer among the sectoral indices. Sobha, Godrej Properties, and Brigade Enterprises ended 2-3% higher. The Nifty Healthcare also gained 1%, buoyed by a 3-5% rise in Mankind Pharma, Laurus Labs, Granules India, and Torrent Pharmaceuticals.

Among other stocks, BSE closed 4% higher. Sentiment around the stock is likely to have eased after the Securities and Exchange Board of India confirmed that global proprietary trading firm Jane Street has deposited INR 48.44 billion to an escrow account in favour of the regulator and requested it to lift some of the conditional restrictions imposed in the interim order. The stock had fallen over 6% last week amid concerns of volumes falling after SEBI had banned the high-frequency trading company. 

Divi's Laboratories ended nearly 1% lower, having fallen over 4% in early trade, after Switzerland-based Novartis, a key client of the company, lost a case in the US to block a generic version of its hugely popular Entresto drug before its patent expires in November 2026. Reports said Divi's Laboratories is the exclusive active pharmaceutical ingredient supplier to Novartis for Entresto. Avenue Supermarts closed 1% lower after analysts flagged margin pressure in the near term despite the company registering robust on-year earnings growth in the June quarter.

* Of the Nifty 50 stocks, 22 rose and 28 fell

* Of the Sensex stocks, 12 rose and 18 fell

* On the NSE, 1,464 stocks rose, 1,482 fell, and 97 were unchanged

* On the BSE, 2,061 stocks rose, 2,126 fell, and 153 were unchanged

* Nifty IT: down 1.1%; Nifty India Defence: down 0.9%; Nifty Realty: up 1.4%

BSE                                               NSE

Sensex: 82253.46, down 247.01 points or 0.3%      Nifty 50: 25082.30, down 67.55 points or 0.3%

End

Edited by Rajeev Pai

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