Sensex, Nifty Tumble Mid-Morning; IT, Bank Stocks Drag | July 24, 2025
Sensex and Nifty slip sharply mid-morning on July 24, 2025, dragged by steep declines in IT, banking, midcaps, and small caps. Volatility edges higher
Sensex, Nifty Tumble Mid-Morning; IT, Bank Stocks Drag Market | July 24, 2025 – 11:45 AM IST
Indian equity markets faced sharp selling pressure mid-morning on Thursday, July 24, 2025, with benchmark indices falling notably. The Sensex dropped 415.44 points (-0.50%) to 82,311.20, and the Nifty 50 fell 120.20 points (-0.48%) to 25,099.70 as of 11:43 AM IST.
Market Snapshot
| Index | LTP | Change | % Chg |
|---|---|---|---|
| Sensex | 82,311.20 | -415.44 | -0.50% |
| Nifty 50 | 25,099.70 | -120.20 | -0.48% |
| Nifty Bank | 56,937.75 | -272.70 | -0.48% |
| Nifty IT | 36,241.55 | -709.95 | -1.92% |
| India VIX | 10.78 | +0.26 | +2.47% |
| Nifty Midcap 100 | 58,906.50 | -400.60 | -0.68% |
| Nifty Smallcap 100 | 18,730.30 | -162.90 | -0.86% |
Market Trends & Key Insights
- IT sector leads losses: Nifty IT plunged nearly 2%, hurt by weak Q1 results and profit booking in majors like Infosys, Persistent Systems, and Coforge.
- Banking stocks retreat: Nifty Bank dropped close to 0.5%, reflecting cautious sentiment amid foreign institutional selling and margin pressure concerns.
- Midcap and Smallcap selloff: Broader markets followed suit with significant declines in midcap and smallcap indices, indicating wider risk aversion.
- Rising volatility: India VIX edged up 2.47%, signaling increased market nervousness and higher hedging activity.
- Mixed sector impact: Defensive sectors hold relatively firm, but the overall sentiment is risk-off as traders digest corporate earnings and global economic cues.
What to Watch
- Support levels: Nifty support resides near 25,050; a breach may deepen weakness toward 24,900.
- Resistance: Near-term resistance likely around 25,150–25,200, dependent on banking and IT sector recovery.
- Corporate earnings: Upcoming results from major companies like HDFC Bank, ICICI Bank, and tech firms remain critical to market direction.
- Global cues: Markets continue to track US Fed policy signals, geopolitical developments, and global economic data.
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