Sensex, Nifty Dip as Banks, IT Stocks Weigh; Smallcaps Stay Firm | July 17, 2025 Morning Update
Sensex and Nifty trade lower on July 17, 2025, as banking and IT stocks drag. Smallcaps and midcaps outperform. Watch key levels and stock trends.
Sensex, Nifty Dip as Banks, IT Stocks Weigh; Small caps Stay Firm | July 17, 2025 – 11:45 AM IST
Indian equity markets drifted lower through the morning session on Thursday, July 17, 2025. Selling in banking and IT stocks pressured benchmarks, even as smallcaps and midcaps showed resilience.
Market Snapshot
| Index | LTP | Change | % Chg |
|---|---|---|---|
| Sensex | 82,582.20 | -52.28 | -0.06% |
| Nifty 50 | 25,196.65 | -15.40 | -0.06% |
| Nifty Bank | 57,025.80 | -143.15 | -0.25% |
| Nifty IT | 37,430.50 | -230.20 | -0.61% |
| India VIX | 11.18 | -0.06 | -0.53% |
| Nifty Midcap 100 | 59,648.30 | +27.65 | +0.05% |
| Nifty Smallcap 100 | 19,189.10 | +49.05 | +0.26% |
Market Trend & What To Watch
- Benchmark weakness: Sensex and Nifty declined modestly, weighed down by profit-taking in banking and IT heavyweights.
- IT underperforms: Nifty IT slips over 0.6% as sector rotation and global tech weakness persist.
- Bank Nifty wobbles: Banks see pressure after recent gains; traders watch for signs of recovery.
- Mid and smallcaps hold up: Both indices stay positive, supported by steady domestic flows and sectoral interest.
- Volatility low: India VIX remains calm, indicating limited fear but growing potential for sudden moves as earnings roll in.
Levels & Predictions
- Nifty support: 25,150 crucial; a break below may trigger further selling towards 25,050.
- Resistance: 25,250 remains the immediate challenge for bulls.
- Sector movers: Watch for recovery in PSU banks, auto, and capital goods; further IT weakness or rebound will steer sentiment.
- Earnings drivers: Results from Hindustan Unilever, L&T Infotech, and ICICI Bank could set the tone for the next move.
Trading tip: With midcaps and smallcaps providing relative outperformance, nimble traders should focus on these pockets for fresh opportunities, while staying cautious in IT and BFSI names.
Luwak Tech continues to power traders and investors with reliable algo trading tools, trend analytics, and real-time insights for agile decision-making in a fast-moving market environment.