The Indian key benchmark indices — Nifty and Sensex — extended their decline for the third straight session on Friday. After opening with a gap-down, the indices remained under sustained selling pressure throughout the day and closed near their intraday lows.
At the close, the Nifty 50 was down by 0.81% or 205.40 points, settling at 25,149.85, while the Sensex fell by 0.83% or 690 points to end at 82,500.47.
The Nifty 50 closed below its crucial 20-day moving average (20-DMA) for the first time since mid-June 2025. On a weekly basis, the index declined 1.22%, marking its second consecutive week of losses.
The market breadth was firmly negative for the Nifty 50, with 38 stocks ending in the red and only 12 in the green on Friday, July 11. The market was dragged down by heavyweights such as TCS, Bharti Airtel, and HDFC Bank. Notably, IT major TCS registered its sharpest decline in over three months, driven by a cautious outlook.
In line with the broader trend, midcap and small-cap indices also ended in the red. The Nifty Smallcap 100 index declined by over 1%, while the Nifty Midcap 100 fell by 0.88%.
Top Contributors to Index Gains:
Top Drags on the Index:
Out of the 11 key sectoral indices, 9 closed in the red. However, defensive sectors like Nifty Pharma and Nifty FMCG outperformed, gaining 0.68% and 0.51%, respectively. Nifty IT was the worst performer, falling by 1.78%, followed by Nifty Auto, which declined by 1.77%.
While the equity markets closed the week on a downbeat note, silver brought cheer to investors. The MCX Silver September futures contract hit a fresh all-time high on Friday, touching ₹1,11,750.
Bitcoin, the world’s largest traded cryptocurrency, was up 2.06% and trading above the ₹1 crore mark.
Disclaimer: The article is for informational purposes only and not investment advice
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