Market Wrap: Nifty and Sensex Slip as IT Stocks Face Pressure
By ScanX News Team
Indian stock markets closed negative on Thursday, with Nifty 50 down 0.63% at 25,062.10 and Sensex shedding 0.66% to 82,184.17. IT stocks faced significant pressure, while Trading and Healthcare Services sectors showed resilience. Top losing sectors included Castings, Forgings & Fasteners (-2.35%) and Aviation (-2.26%). Market breadth was negative with 2,613 stocks declining against 1,814 advancing. Notable movers included Indian Energy Exchange (-27.89%) and POCL Ltd (+15.48%).
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed in the red on Thursday, July 24, 2025, with both benchmark indices facing significant selling pressure. The Nifty 50 ended the day at 25,062.10, down 157.80 points or 0.63% from its previous close. Similarly, the BSE Sensex closed at 82,184.17, shedding 542.47 points or 0.66%.
Sectoral Performance
The market witnessed a mixed bag of sectoral performances, with some sectors showing resilience while others faced considerable headwinds.
Top Losing Sectors:
| Sector | Avg. Percentage Change |
|---|---|
| Castings, Forgings & Fasteners | -2.35% |
| Aviation | -2.26% |
| Cables | -1.79% |
| Logistics & Cargo | -1.59% |
| Printing & Stationery | -1.52% |
Top Performing Sectors:
| Sector | Avg. Percentage Change |
|---|---|
| Trading | 1.04% |
| Healthcare Services | 1.03% |
Buzzing Stocks
Several stocks made headlines during the trading session:
Indian Energy Exchange Ltd. (LTP: ₹135.49, -27.89%): The company witnessed significant block trades worth ₹245.74 crores and ₹157 crores on the NSE.
Cigniti Technologies Ltd. (LTP: ₹1,573.00, -9.71%): Announced leadership changes in the Company Secretary position and reported quarterly results with consolidated revenue of ₹5,342 million.
Veranda Learning Solutions Ltd. (LTP: ₹221.59, -9.61%): Scheduled a board meeting to consider issuing securities on a preferential basis and approve a demerger of its Commerce Business.
Coforge Ltd. (LTP: ₹1,676.00, -9.39%): Reported quarterly earnings that missed analyst expectations, with profit at ₹317 crore and revenue at ₹3,689 crore.
Persistent Systems Ltd. (LTP: ₹5,174.00, -7.70%): Set a revenue target of $2 billion by FY27 and maintained guidance on improving operating margins.
POCL Ltd. (LTP: ₹1,095.30, +15.48%): Announced plans to double revenue to ₹4,000 crores by FY30 and reported proper utilization of QIP proceeds.
Force Motors Ltd. (LTP: ₹19,149.00, +11.72%): Appointed Mr. Anshul Saxena as VP - Corporate Strategy and reported strong quarterly performance with consolidated net profit rising to ₹1.76 billion.
Senores Pharmaceuticals Ltd. (LTP: ₹678.85, +11.48%): Reported robust quarterly results with total income rising 72% year-over-year to ₹138 crores.
Market Breadth
The overall market breadth was negative, indicating a bearish sentiment:
| Category | Number of Scrips |
|---|---|
| Total | 4,427 |
| Positive | 1,814 |
| Negative | 2,613 |
Conclusion
The Indian stock markets ended the day on a negative note, with IT stocks facing significant pressure. While some sectors like Trading and Healthcare Services showed resilience, the overall market sentiment remained cautious. Investors will be closely watching global cues and upcoming corporate earnings for further direction.
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