Equity Alert
Indices seen in thin range; key Nifty 50 cos' earnings in focus
This story was originally published at 08:49 IST on 23 July 2025
Register to read our real-time news.Informist, Wednesday, Jul. 23, 2025 Tel +91 (22) 6985-4000
Equity Alert: Indices seen in thin range; key Nifty 50 cos' earnings in focus
MUMBAI--0804 IST--Benchmark indices are likely to stay in a range Wednesday as the underlying trend in the market remains bearish. Investors will eye corporate earnings, with Nifty 50 companies Infosys, Dr Reddy's Laboratories, and Tata Consumer Products set to detail their June quarter earnings during the day. The Nifty 50 index is likely to move in a range of 25000-25200.
"On the upside, the 25200–25250 range continues to act as an immediate resistance band...a clear breakout on either side of this well-defined range will likely dictate the next leg of the trend," Rajesh Bhosale, equity technical analyst at Angel One, said in a note. "Until then, traders are advised to avoid reacting to intraday noise, stay range-bound in the approach, and shift to a momentum-based strategy only upon a decisive breakout," he said.
The July contract of the GIFT Nifty suggests a muted to slightly higher start for the market. At 0746 IST, the contract was at 25163 points, up 24 points from its previous close. On Tuesday, the Nifty 50 had closed at 25060.90, down 29.80 points or 0.1%. The BSE Sensex had ended largely flat at 82186.81 points, down 13.53 points.
Overnight, indices in the US ended mixed as investors assessed corporate earnings and signs of US President Donald Trump's tariffs impacting corporate margins. "(Investors are) looking for additional catalysts and you're seeing some cautious comments coming out of companies," Reuters reported Robert Pavlik, senior portfolio manager at Dakota Wealth, as saying. "They're hearing mixed guidance when it comes to all this uncertainty revolving around tariffs and the direction things are heading."
Most Asian indices were higher in early trade Wednesday with Japanese indices zooming 2?ter Trump announced a trade agreement with the country. As part of the deal, the US will levy a 15% tariff on Japanese goods, and Japan will invest $550 billion in the US. (Akash Mandal)
Equity Alert: S&P 500 ends at record high once more, Nasdaq ends down Tue
MUMBAI--0745 IST--Among the three key US benchmark indices, Nasdaq Composite ended lower on Tuesday as technology stocks fell while S&P 500 ended at record high yet again. However, results from General Motors kept investors cautious as they saw US' trade polices eating out a significant chunk of the Chevrolet-maker's profit. Investors are also anxious as there are mixed guidance from the US companies when it comes to uncertainty regarding tariffs and its consequent effects.
Nasdaq Composite ended 0.4% lower as big technology stocks such as Meta Platforms and Microsoft were 1% down each. Meanwhile, Alphabet closed slightly lower ahead of June quarter earnings due late Wednesday. S&P 500 closed tad higher, with 21 stocks hitting new highs and one at new low, Reuters reported. Nine of the 11 S&P 500 sector indexes rose, led by gain in healthcare and real estate.
Among stocks, General Motors tumbled 8.1?ter the automaker reported a $1 billion hit from tariffs to its quarterly results, adding more to investor concerns about US President Donald Trump's global trade policy. Ford Motor also fell about 1%. Meanwhile, Tesla was 1.1% higher. Shares of RTX dropped 1.6?ter the aerospace and defense giant took a hit from Trump's trade war despite strong demand for its engines and aftermarket services. Lockheed Martin tumbled almost 11?ter its quarterly profit plunged by about 80%.
"The market is consolidating recent gains and is in a bit of a holding pattern with some huge catalysts over the next week or two, including the August 1 tariff deadline and a lot of important Magnificent Seven earnings," Ross Mayfield, an investment strategy analyst at Baird, was quoted as saying by Reuters. That said, after last week's mixed economic data, most traders are in hopes of an interest-rate cut from the US Federal Reserve at next week's monetary policy meeting. Currently, they see about 60% chance of a reduction in September, according to the CME's FedWatch tool.
Following are the closing levels of US indices Tuesday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 44502.44 | 0.4 |
| NASDAQ Composite | 20892.69 | -0.39 |
| S&P 500 | 6309.62 | 0.06 |
(Gopika Balasubramanium)
End
US$1 = INR 86.36
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Vandana Hingorani
All prices from National Stock Exchange, unless otherwise specified.
All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.
All times are Indian Standard Time.
NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India
Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
