Stock Market Today: Tech Mahindra Leads Losers as Nifty Slips Below 25,200 Mark

Stock Market Today Shows Volatility as Banking and IT Stocks Drag; Will Recovery Come This Week?
Stock Market Today: Tech Mahindra Leads Losers as Nifty Slips Below 25,200 Mark
Written By:
Aayushi Jain
Reviewed By:
Sankha Ghosh
Published on

Key Takeaways

  • Market Volatility: Nifty fell below 25,200, and Sensex dropped below 82,550, reflecting continued uncertainty in Indian markets.

  • Sectoral Weakness: Banking and IT stocks dragged performance, with Tech Mahindra leading the losers with significant volumes.

  • Selective Strength: TATA Consumer Products and Hindalco emerged as top gainers, while midcap and smallcap indices showed resilience.

The stock market today, on July 17, 2025, witnessed renewed volatility as benchmark indices slipped into red territory. The NSE Nifty fell below the crucial 25,200 mark, declining marginally after opening with gains of around 30 points. The BSE Sensex also traded with a deficit of approximately 100 points, slipping below the 82,550 level at the time of writing.

Markets opened on a positive note but quickly reversed course as selling pressure intensified across banking and information technology sectors. The volatility reflects ongoing uncertainty among investors as they navigate through the current earnings season.

Top Gainers and Losers on Nifty 50

The Nifty 50 index showed mixed performance across sectors, with consumer goods and metals leading the gainers.

Top Performers Drive Market Resilience

TATA Consumer Products emerged as the standout performer, rising 1.10% to close at ₹1,093.40 from its previous close of ₹1,081.50. Hindalco followed closely with a gain of 1.03%, reaching ₹673.60 from ₹666.75.

Trent continued its impressive run, adding 0.98% to reach ₹5,434.50, while Tata Motors gained 0.86% to ₹684.85. The pharmaceutical sector also showed strength, with Dr. Reddy's Labs and Sun Pharma both gaining 0.73% each.

Technology and Banking Drag Performance

Tech Mahindra emerged as the biggest loser, plummeting 2.11% to ₹1,574.00 from ₹1,607.90 on heavy volumes. IndusInd Bank was the second-biggest loser, falling 1.22% to ₹869.05, highlighting the pressure on banking stocks. Larsen & Toubro, Infosys, and SBI Life Insurance also featured among the top losers, declining between 0.77% and 0.85%.

Sector-Specific Performance

The two sectors that struggled the most today are banking and IT. The banking sector faced particular pressure. The Nifty Bank index declined by 0.30%, and the Nifty PSU Bank index also came under significant pressure. Major private sector banks like ICICI Bank lost 0.60% and Kotak Mahindra Bank declined by 0.45%.

Information technology stocks also struggled, with Tech Mahindra's 2.11% decline leading the charge. Infosys also fell 0.80%, reflecting broader concerns about the sector's near-term prospects amid global economic uncertainty.

Corporate Earnings and Results

Let’s take a look at the latest Q1 updates impacting the stock market today.

HDFC AMC Delivers Strong Q1 Performance

HDFC Asset Management Company reported impressive first-quarter results. The net profits rose 24% to ₹748 crores compared to ₹604 crores in the previous year. Revenue jumped 25% to ₹968 crores from ₹775 crores, demonstrating strong operational performance.

South Indian Bank Shows Mixed Results

South Indian Bank reported a 10% increase in net profit to ₹322 crores versus ₹294 crores year-on-year. However, Net Interest Income declined 4% to ₹832 crores from ₹865 crores. The bank's asset quality improved with Gross NPA at 3.15% versus 3.20% quarter-on-quarter.

Newgen Software Faces Challenges

Newgen Software's shares fell 6% after reporting weak Q1 results. The company's EBITDA declined 6% to ₹45 crore from ₹48 crore on a year-over-year basis. The profit margins also slipped from 15% to 14%, indicating operational challenges.

Also Read: Ixigo Share Price Surges to Rs. 203.60 on 73% Revenue Growth in Q1 Update

Market Movers and Corporate Action

Here are the companies responsible for making headlines in the share market news today:

Sona BLW Jumps on EV Component Deal

Sona BLW shares jumped more than 7%. The surge came after reports that the company was close to a deal to supply electric vehicle components to the Chinese electric vehicle maker BYD. This deal has the potential to significantly improve the company's revenue prospects in the rapidly growing EV space.

Bonus Share Announcements

Patanjali Foods announced a 2:1 bonus share issue, meaning shareholders will receive two new shares for every existing share. Ashok Leyland also completed the allotment of bonus shares in a 1:1 ratio, with the new shares commencing trading on July 18.

Kalyan Jewellers Rally Continues

Kalyan Jewellers reached a 6-month high after extending its rally for four sessions in a row. JM Financial used the occasion to initiate coverage with a 'Buy' rating and a target price of ₹700, highlighting the company's franchise model and expansion as key positives.

Economy and Policy Outlook

Some economists have revised their forecasts for full-year inflation to about 3.2-3.3%. The revision is based on June inflation (CPI) falling to the lowest level in 6.5 years of 2.1%. However, potential interest rate cuts may not happen until August.

In separate news, Nitin Gupta, the former Chairman of CBDT, has been appointed as the Chairperson of the National Financial Reporting Authority (NFRA) for a three-year term. This is a significant development in India's financial regulatory landscape. 

Market Outlook and Investment Strategy.

The price action today demonstrated the continuance of volatility in the securities market. The broader market, Nifty midcap, and smallcap showed relatively better action. Both were trading in the green, albeit with minor gains. The current environment favors selective stock picking instead of broad-based distribution or investment. Investors should exercise caution when exploring stock-specific opportunities.

Also Read: Should You Buy Broadcom Stock Now?

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