Sensex, Nifty Extend Losses as IT, Bank Stocks Drag; Volatility Rises | July 17, 2025 Afternoon Market
Sensex and Nifty slip further on July 17, 2025, hit by sharp selloff in IT and banks. India VIX up. Watch for earnings, support levels, and market trends.
Sensex, Nifty Extend Losses as IT, Bank Stocks Drag; Volatility Tick Higher | July 17, 2025 – 2:30 PM IST
The downward momentum intensified for Indian equities on Thursday afternoon, July 17, 2025, with both benchmark indices deepening their losses as selling pressure mounted in IT and banking shares. India VIX ticked up, reflecting rising volatility.
Market Snapshot
| Index | LTP | Change | % Chg |
|---|---|---|---|
| Sensex | 82,336.05 | -298.43 | -0.36% |
| Nifty 50 | 25,138.35 | -73.70 | -0.29% |
| Nifty Bank | 56,856.40 | -312.55 | -0.55% |
| Nifty IT | 37,251.25 | -409.45 | -1.09% |
| India VIX | 11.30 | +0.06 | +0.53% |
| Nifty Midcap 100 | 59,517.70 | -102.95 | -0.17% |
| Nifty Smallcap 100 | 19,097.35 | -42.70 | -0.22% |
Market Trend & Predictions
- Broadly negative sentiment: Both Sensex and Nifty fell over 0.25% as the market digests weak cues from IT and heavyweights like HDFC Bank and ICICI Bank.
- IT under pressure: Nifty IT slid 1.09%, with persistent global and domestic headwinds affecting tech sentiment.
- Bank Nifty leads the fall: Down 0.55%, reflecting profit booking and risk-off mood in the financial sector.
- Volatility on the rise: India VIX up by 0.53%, signalling traders are preparing for more choppy moves ahead.
- Midcaps and smallcaps retreat: Initial resilience gave way to late selling, suggesting broadening weakness across segments.
What to Watch & Trading Outlook
- Support to track: Nifty's immediate support is seen at 25,100; a breach may trigger sharper declines, possibly toward 24,950.
- Resistance: Upside capped at 25,230 for the rest of the session unless financials see a strong rebound.
- Stock alerts: Ongoing pressure in HCLTech, TCS, HDFC Bank, SBI. Watch for late recovery attempts in energy and FMCG majors.
- Earnings watch: Post-market results from Hindustan Unilever, L&T Infotech, and ICICI Bank could drive tomorrow’s open and sector rotation.
Prediction: If IT and banks fail to recover, further weakness may persist into the close. Any strong bounce in defensive or rate-sensitive sectors could limit downside.
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