Sensex, Nifty Extend Afternoon Losses; IT and Midcaps Slide Sharply | July 24, 2025
Sensex and Nifty fall further in afternoon trade on July 24, 2025, led by steep declines in IT, midcaps, and smallcaps. Banks dip slightly; volatility steady.
Sensex, Nifty Extend Afternoon Losses; IT and Midcaps Slide Sharply | July 24, 2025 – 1:40 PM IST
Indian equity markets saw intensified selling pressure in afternoon trade on Thursday, July 24, 2025, as benchmark indices deepened their losses. The Sensex dropped 537.16 points (-0.65%) to 82,189.48, while the Nifty 50 declined 150.30 points (-0.60%) to 25,069.60 as of 1:41 PM IST.
Market Snapshot
| Index | LTP | Change | % Chg |
|---|---|---|---|
| Sensex | 82,189.48 | -537.16 | -0.65% |
| Nifty 50 | 25,069.60 | -150.30 | -0.60% |
| Nifty Bank | 57,068.30 | -142.15 | -0.25% |
| Nifty IT | 36,119.30 | -832.20 | -2.25% |
| India VIX | 10.78 | +0.26 | +2.47% |
| Nifty Midcap 100 | 58,939.90 | -367.20 | -0.62% |
| Nifty Smallcap 100 | 18,699.35 | -193.85 | -1.03% |
Market Trends and Insights
- IT Sector Under Pressure: Nifty IT plunged 2.25%, led by heavy selling on weak earnings and global tech softness, increasing sector-wide concerns.
- Midcaps and Smallcaps Slide: Both indices are down over 0.6% and 1% respectively, reflecting broad risk aversion and profit booking.
- Banks Weaken Slightly: Nifty Bank fell 0.25%, showing modest pressure amid cautious investor sentiment.
- Volatility Steady: India VIX rose 2.47%, signaling elevated nervousness and heightened hedging activity as selling continues.
- Broader Market Negative: Sentiment remains bearish with selling pressure across multiple sectors, exacerbated by global uncertainties and domestic earnings caution.
What to Watch
- Support Levels: Nifty near-term support sits at 25,000; a breach may deepen losses toward 24,850–24,900.
- Resistance: Any recovery attempts may find resistance near 25,150–25,200, pending sector rotation.
- Earnings Impact: Key upcoming results from banking and tech sectors may provide directional cues.
- Investor Strategy: Focus on risk management, monitor for opportunities in defensives and selective metals stocks amid broad weakness.
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