Sensex, Nifty Slide Further; Banks, IT Lead Losses | July 28, 2025
Sensex and Nifty tumbled further on July 28, 2025 afternoon, with heavy selloff in banks, IT, and broader markets. Volatility spikes. See sector trends, outlook.
Sensex, Nifty Slide Further as Banks, IT Lead Losses; Volatility Spikes | July 28, 2025 – 1:45 PM IST
Indian equity markets accelerated their slide on Monday afternoon, July 28, 2025, as heavy selling in banking, IT, and mid- and smallcap segments deepened the ongoing correction. Volatility surged to its highest in months, signalling heightened market anxiety.
Market Snapshot – 1:45 PM IST
| Index | LTP | Change | % Chg |
|---|---|---|---|
| Sensex | 80,853.96 | -609.13 | -0.75% |
| Nifty 50 | 24,665.15 | -171.85 | -0.69% |
| Nifty Bank | 56,038.45 | -490.45 | -0.87% |
| Nifty IT | 35,291.05 | -332.70 | -0.93% |
| India VIX | 12.11 | +0.83 | +7.36% |
| Nifty Midcap 100 | 57,444.35 | -565.10 | -0.97% |
| Nifty Smallcap 100 | 18,103.55 | -190.90 | -1.04% |
Latest Market News & Trends
- Benchmarks under pressure: Both Sensex and Nifty dropped sharply, extending multi-session declines as selling intensified post weak global cues and disappointing earnings.
- Banking stocks suffer: Nifty Bank down nearly 0.9%, led by losses in major PSU and private lenders amid foreign outflows and margin worries.
- IT sector dragged lower: Nifty IT down nearly 1% as global tech pessimism and muted local guidance hit sentiment.
- Broader market pain: Midcap and smallcap indices posted outsized declines (down 1%+), signalling elevated risk aversion and broad-based profit booking.
- Volatility surges: India VIX soared 7%, the highest spike in weeks, reflecting increased hedging and trader caution as participants brace for further swings.
Predictions & What to Watch
- Support levels: Watch for Nifty 50 support near 24,600–24,550; a decisive breach could accelerate downside risk.
- Banks & IT in focus: Ongoing pressure in key lenders (HDFC Bank, ICICI Bank) and tech majors (Infosys, TCS) could dictate afternoon moves.
- VIX signals high risk: Spiking volatility suggests more choppiness ahead; traders advised to tighten stops and reduce leverage.
- Midcap/smallcap risk: Avoid aggressive bottom-fishing; check for signs of stabilization before entry.
- Catalysts ahead: Earnings from major index companies and global central bank commentary will drive intraday direction into the close.
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