Markets remained under pressure during midday trading on Monday, with the Sensex down 365.29 points to 82,135.18 and the Nifty declining 101.55 points to 25,048.30 as of 12.31 PM. The benchmark indices extended their morning losses amid continued concerns over potential US tariffs on India and persistent weakness in information technology stocks.
The Sensex, which opened marginally higher at 82,537.87 against its previous close of 82,500.47, slipped 0.44 per cent during the session. Similarly, the Nifty 50 opened flat at 25,149.50 compared to its previous close of 25,149.85 and traded 0.40 per cent lower.
Information technology stocks continued to weigh on the indices, with major players posting significant declines. Tech Mahindra led the losers, falling 2.21 per cent to ₹1,567.10, followed by Wipro which dropped 2.17 per cent to ₹252.70. Infosys declined 1.79 per cent to ₹1,566.40, while Tata Consultancy Services fell 1.64 per cent to ₹3,212.60. Jio Financial Services also contributed to the decline, dropping 1.80 per cent to ₹319.95.
On the positive side, Eternal led the gainers with a 2.68 per cent increase to ₹270.40. Sun Pharma advanced 1.12 per cent to ₹1,690.80, while Adani Enterprises gained 0.79 per cent to ₹2,578.90. Apollo Hospital climbed 0.71 per cent to ₹7,240.50 and ONGC rose 0.65 per cent to ₹243.34.
Market breadth remained weak with 2,161 stocks declining against 1,854 advances on the BSE, where 4,195 stocks were actively traded. A total of 157 stocks hit their 52-week highs, while 50 touched their 52-week lows. Additionally, 263 stocks were in the upper circuit and 207 in the lower circuit.
Sectoral performance was mixed, with the Nifty Midcap 100 bucking the trend to gain 0.55 per cent to 58,965.70. However, the Nifty Financial Services index declined 0.37 per cent to 26,751.85, while the Nifty Bank index fell 0.13 per cent to 56,683.00. The Nifty Next 50 managed a modest gain of 0.27 per cent to 68,146.65.
The market’s weakness comes as investors remain cautious about President Trump’s tariff threats and ahead of key corporate earnings announcements. Trading volumes remained elevated as market participants continued to assess the impact of global trade tensions on domestic equity valuations.
Published on July 14, 2025