New Delhi, India – July 11, 2025 – Indian benchmark indices, the BSE Sensex and NSE Nifty 50, ended the week on a negative note, closing significantly lower on Friday. The market sentiment was dampened by weaker-than-expected Q1 earnings from IT major Tata Consultancy Services (TCS) and escalating global trade tensions.
The BSE Sensex plummeted 689.81 points, or 0.83%, to close at 82,500.47. Similarly, the NSE Nifty 50 declined by 205.40 points, or 0.81%, to settle at 25,149.85. The broader markets also mirrored the downward trend, with the BSE Midcap index falling by 0.55% and the BSE Smallcap index down by 0.63%.
The primary trigger for the sell-off was the Q1 financial results of TCS, which fell short of market expectations, sparking concerns about the health of the IT sector. This was compounded by renewed fears of a global trade war after the United States announced fresh tariffs on several countries.
Sector-wise, the Nifty IT and Nifty Auto indices were the worst-hit, both declining by nearly 1.8%. Selling pressure was also evident in the Nifty Media, Nifty Infra, Nifty Consumption, and Nifty PSE indices. However, defensive sectors like Nifty Pharma and Nifty FMCG bucked the trend, registering gains of 0.75% and 0.48% respectively, as investors sought safe havens.
Top Gainers on the Nifty 50 included:
- Hindustan Unilever (HUL)
- SBI Life Insurance
- Sun Pharma
- Eicher Motors
Top Losers on the Nifty 50 were:
- TCS
- Apollo Hospitals
- Bajaj Auto
- Wipro
Commodity Markets See Gold and Crude Rise, Base Metals Mixed
In the commodity markets, precious metals shone, while base metals presented a mixed picture.
Gold prices saw an upward trend. On the Multi Commodity Exchange (MCX), August gold futures traded higher by ₹540, or 0.56%, at ₹97,231 per 10 grams. In the international market, spot gold prices also rose, trading around $3,334 per ounce.
Silver also witnessed gains, with prices in the domestic market rising by approximately 1.21% to around ₹1,10,500 per kilogram.
Crude oil futures also edged higher, providing some support to the energy sector.
Among base metals on the MCX, zinc futures saw a marginal increase of 0.04% to ₹260.90 per kilogram, supported by spot demand. Conversely, copper futures for August delivery fell by 0.31% to ₹888 per kilogram due to subdued domestic demand.
Global market sentiment remained cautious following the US tariff announcements, with European and other Asian markets also trading lower. Investors will be closely watching corporate earnings and global trade developments in the coming week for further market direction.
Hitender Tanwar
Phone +91 9810685229
WhatsApp +91 7683095302
Email : hitender@gmail.com
