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Volatile Trading Continues: The Nifty 50 fell 136.75 points to close at 24,700.25, dropping below the crucial 24,800 mark after showing initial recovery attempts.
Kotak Bank and SBI Cards Lead Losses: Major financial stocks witnessed sharp corrections with Kotak Bank falling 7.22% and SBI Cards dropping 5.89% post quarterly results.
Laurus Labs Shines: Despite market weakness, Laurus Labs emerged as the top gainer, surging 6.46% to Rs. 891.85 ahead of its quarterly results.
Sectoral Weakness: IT and Real Estate indices remained under pressure, both declining around 1.5% as TCS layoff announcements kept IT stocks in focus.
The Indian stock market today, at press time, experienced volatile trading, as benchmark indices struggled to find direction amid mixed earnings results and sectoral weakness. The NSE Nifty 50 declined by 136.75 points or 0.55% to 24,700.25, falling below the psychologically important 24,800 mark. The BSE Sensex dropped 525.15 points or 0.64% to settle at 80,937.94.
Let’s explore the top headlines impacting the Indian stock market today in detail.
Despite the broader market weakness, several stocks managed to post significant gains. According to Moneycontrol data, Laurus Labs led the gainers' pack with an impressive 6.46% rise to Rs. 891.85, trading ahead of its quarterly results announcement.
MphasiS climbed 3.27% to Rs. 2,710.90, showing resilience in the IT sector despite broader sectoral weakness. Poonawalla Finance gained 3.24% to Rs. 426.70. Amber Enterprises and Shriram Finance also posted gains of 2.56% and 2.52% respectively.
Moneycontrol reports show that Kotak Mahindra Bank emerged as the worst performer, falling 7.22% to Rs. 1,971.10 following its Q1 results announcement. The private sector bank's sharp decline contributed significantly to the Nifty Bank index's 0.72% fall to 56,124.40.
SBI Cards followed with a 5.89% drop to Rs. 836.15, also reacting negatively to its post-result performance. CDSL declined 5.13% to Rs. 1,531.80, while real estate stocks DLF and Lodha Developers both fell 4.05% each, reflecting continued pressure on the realty sector.
Also Read: TCS Share Price Sinks 1.13% to Rs. 3,100.30 Amid Layoff Concerns
Sectoral indices showed mixed performance according to Moneycontrol data,:
Nifty IT: 35,377.55 (-0.69%)
Nifty Bank: 56,124.40 (-0.72%)
BSE Smallcap: 53,350.97 (-1.03%)
Nifty Midcap 100: Recovered 650 points from day's lows despite initial weakness
The IT sector remained under pressure following TCS layoff announcements, with the company's shares declining about 1%. Real estate indices faced immense pressure. The real estate stocks traded with cuts of about 1.5%, as major players like Lodha, DLF, and Godrej Properties witnessed selling pressure.
The ongoing Q1 earnings season continued to influence stock movements significantly. IndusInd Bank, Mazagon Dock, and BEL were among the major companies reporting results today.
Mazagon Dock Shipbuilders' stock traded lower, falling over 4% as investors awaited the company's June quarter results. IndusInd Bank, the Mumbai-based private lender, was expected to report a profit after posting a major net loss in the March quarter
Arvind Smartspaces reported impressive Q1 performance with net profit surging to Rs. 11 crore versus Rs. 3 crore year-on-year. Revenue grew 36% to Rs. 102 crore from Rs. 75 crore, while EBITDA expanded to Rs. 21.6 crore from Rs. 9.5 crore. The margin improved significantly to 21.2% from 12.7% in the previous year.
DLF's board approved the issue of Non-Convertible Debentures (NCDs) worth Rs. 1,100 crore. The company will issue 1,10,000 senior, rated, listed, secured, redeemable, transferable, rupee-denominated NCDs of face value Rs. 1,00,000 each.
Paras Defence and Space Technologies continued its decline, falling 9.92% to Rs. 705.30. Over the last five sessions, the stock has dropped 11.33%, with its market cap standing at Rs. 2,841.91 crore.
Pankaj Murarka, CEO and CIO of Renaissance Investment Managers, commented on the current market scenario. He stated that while US tariff talks matter, India's economy is already resetting and needs new triggers for growth. This observation highlights the need for domestic catalysts to drive market momentum beyond global cues.
The technical outlook remains challenging, as the Nifty is trading below its 50-day moving average, bringing the June 24 swing low of 24,824 into play. The current trading pattern suggests continued volatility as markets await fresh triggers.
This week promises to be eventful with several key developments on the horizon. The US will see the FOMC rate decision, GDP data, non-farm payrolls for July, and results from megacap tech companies. These global cues will significantly influence Indian market sentiment.
Domestically, India will continue with its earnings season, reporting auto sales data for July, which will provide further insights into economic performance across various sectors.
Also Read: Best Stocks Under Rs. 50 in India for 2025
Stock market today reflected the ongoing uncertainty as investors navigate through mixed earnings results and await clearer directional cues. Investors should focus on stock-specific opportunities. They should maintain caution about broader market direction until clearer trends emerge from global macroeconomic developments.
1. Why did the Indian stock market fall today?
The market experienced volatile trading with the Nifty falling 136.75 points to 24,700.25 due to mixed quarterly results, particularly weak performance from banking stocks like Kotak Bank (-7.22%) and SBI Cards (-5.89%). Sectoral weakness in IT and real estate also contributed to the decline.
2. Which stocks led the decline on July 28?
Kotak Mahindra Bank was the biggest loser, down 7.22% to Rs. 1,971.10, followed by SBI Cards (-5.89%), CDSL (-5.13%), and real estate stocks DLF and Lodha Developer (both down 4.05%). These declines were primarily driven by post-result reactions and sectoral pressures.
3. What are the top gainers in stock market today?
Yes, Laurus Labs emerged as the top performer, surging 6.46% to Rs. 891.85 ahead of its quarterly results. MphasiS gained 3.27%, Poonawalla Finance rose 3.24%, while Amber Enterprises and Shriram Finance also posted gains above 2.5%.
4. How did different sectors perform today?
The IT sector declined 0.69% following TCS layoff announcements, while the banking sector fell 0.72% led by Kotak Bank's sharp decline. Real estate indices faced pressure with 1.5% cuts. However, the Nifty Midcap 100 showed resilience, recovering 650 points from day's lows.
5. What should investors watch for this week?
Investors should monitor ongoing quarterly results from major companies like IndusInd Bank and Mazagon Dock, US FOMC rate decision, GDP data, and non-farm payrolls. Domestically, auto sales data for July and continued earnings announcements will provide key insights into market direction.
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