Sensex Nifty Live Updates July 18: Subdued Close for Markets Amid Broad-Based Selling

Indian markets closed in the red on Friday, dragged down by heavy losses in banking and financial stocks. The Nifty 50 slipped 0.57% to settle at 24,968, while the Sensex dropped 0.61% to end at 81,757. Axis Bank, Shriram Finance, and HDFC Life were among the top losers, whereas Wipro, Bajaj Finance, and Tata Steel provided some support. In the broader global landscape, Asian markets ended mixed with strong gains in the Hang Seng, while European indices traded higher in mid-session. U.S. futures pointed to a mildly positive start.

Stock Market Highlights, July 18:

• Indian markets closed lower with the Nifty 50 down 0.57% at 24,968 and the Sensex falling 0.61% to 81,757. The decline was largely driven by a sharp sell-off in banking and finance stocks, led by Axis Bank, which dropped over 5%.
• Wipro and Bajaj Finance led the gainers, rising 2.44% and 2.03% respectively, while Axis Bank and Shriram Finance were the biggest laggards. The mixed sectoral performance reflected selective buying in IT and metals amid broad-based weakness.
• Global cues remained positive, with European indices trading in the green and U.S. futures indicating a mildly optimistic open. Asian markets were mixed, with gains in Hang Seng and Shanghai offset by a slight dip in Japan’s Nikkei.

Stay informed with our in-depth look at what’s driving the stock market tomorrow.

Top Gainers:

Top Losers:

Indian Market Closing Cues:

Asian Markets: 

European Market Mid-Session Update:

U.S. Markets Live Today

*As of 15:32 IST

Stock in News Today:

Here are the top stocks to watch today following their latest earnings and key business updates.

Wipro 

Wipro posted a consolidated net profit of ₹3,330 crore for the first quarter of FY25, reflecting an annual growth of 11% over ₹3,003 crore recorded in the same quarter last year. However, compared to the previous quarter, net profit declined by 7% from ₹3,570 crore. Revenue from operations stood at ₹22,135 crore, marginally higher than ₹21,964 crore reported in the June quarter of the previous fiscal.

Axis Bank

Axis Bank reported a 3.8% year-on-year drop in net profit for the June quarter, coming in at ₹5,806.1 crore compared to ₹6,034.6 crore a year ago. Meanwhile, net interest income (NII) edged up by 0.8% to ₹13,559.8 crore from ₹13,448.2 crore during the same period.

Jio Financial Services

Jio Financial Services posted a net profit of ₹324.7 crore for the first quarter, registering a 3.8% increase from ₹312.6 crore in the corresponding period last year. Revenue witnessed robust growth, rising 46.6% year-on-year to ₹612.5 crore, up from ₹417.8 crore.

Bajaj Auto

Bajaj Auto’s lending arm, Bajaj Auto Credit, has secured board approval for raising funds through multiple instruments. This includes an NCD issuance limit of up to ₹5,000 crore, a revised commercial paper issuance limit of ₹3,000 crore, and subordinated debt (Tier-2) issuance capped at ₹750 crore.

LTI Mindtree

LTI Mindtree reported a 10.6% rise in net profit for the June quarter, at ₹1,254 crore compared to ₹1,133.8 crore in the year-ago period. Revenue grew by 7.6% year-on-year to ₹9,840.6 crore, while EBIT climbed 2.6% to ₹1,406.5 crore from ₹1,370.9 crore.

Stock Market Outlook for July 18:

• Muted Domestic Start: The Nifty opened marginally lower at 25,108, almost flat compared to yesterday’s close. Gift Nifty is also down 0.35%, hinting at a cautious start amid lacklustre domestic sentiment following Thursday’s broad-based decline.
• Mixed Global Cues: While U.S. markets ended in the green—boosted by gains in tech and banking stocks—Asian markets are trading mixed. The Nikkei is slightly lower, while the Hang Seng and Shanghai Composite are showing positive momentum, providing limited direction for Indian equities.
• FIIs Remain Net Sellers: Foreign Institutional Investors sold shares worth ₹3,694 crore, while DIIs bought ₹2,820 crore worth of equities. Persistent FII selling could weigh on market sentiment unless offset by strong domestic participation.
   

Indian Stock Market Recap: July 17

Indian stock markets ended lower on Thursday, weighed down by broad-based selling and weak global cues. The Nifty 50 slipped 0.39% to close at 25,111, while the Sensex declined 0.45% to settle at 82,259.

Indian Market Cues:

Global Market Cues (U.S. Indices):

Asian Markets: 

Crude Oil Prices:

Bond Yields:

FII/DII Activity:

Foreign Institutional Investors (FIIs) Net Buy/Sell: -3,694.30
Domestic Institutional Investors (DIIs) Net Buy/Sell: 2,820.80

*As of 09:33 IST
 

This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.