Market Closing Today 23 July 2025: Nifty, Sensex Slip Over 0.5%; Nifty Falls Back to 25,000, IT Index Hits 2.5-Month Low, IEX Crashes Nearly 30%

On Thursday, July 24, Indian benchmark indices ended the trading session in the red, dragged by Infosys and Reliance Industries.

At the closing bell, the Nifty 50 ended down by 157.80 points or 0.63%, at 25,062.10. The Sensex slipped by 542.47 points or 0.66% to 82,184.17.

The Nifty IT index slipped around 2.21% amid ongoing concerns over demand. Infosys dropped 1.2%, while Coforge and Persistent Systems saw sharper declines of over 7% each. Despite profit growth in the June quarter, there were challenges for the IT sector, including weak discretionary spending, uncertainty in the US economy, and pressure in specific verticals. 

On the sectoral front, 4 out of 11 key sectors ended in positive territory. Meanwhile, broader indices like Smallcaps and Midcaps closed in red. 

Stock-Specific Highlights

Among individual stocks,

• Indian Energy Exchange share price slumped nearly 30% on concerns of market share loss stemming from a planned overhaul of electricity pricing rules.
• Dr Reddy's Laboratories' share price jumped 1.45% on plans to launch a generic obesity drug in 87 countries next year, while its first-quarter profit narrowly missed estimates.
• Persistent Systems' share price cracked 7% despite a 39% YoY Q1 profit jump.
• BEML share price jumped 3.21% to an intraday high after winning a ₹294-crore order from the Defence Ministry for HMV 6X6 supply.

Nifty PSU Bank - Top Gainer of the Day

The Nifty PSU Bank index managed to close up by 1.24% on Wednesday. Canara Bank and Indian Bank emerge as the top gainers among the Nifty PSU Bank index. On the flip side, the Nifty IT index declined by 2.21% to the 2.5-month low, recording the highest intraday loss in the last 2 months.

Nifty 50: Top Pullers and Draggers of the Day

The key drivers of the index gains were:

• Tata Motors:  +5.24 points
• Sun Pharmaceuticals: +2.88 points
• Grasim: +2.82 points

On the other hand, these stocks weighed on the index:

• Infosys: - 22.61 points
• Reliance Industries: - 21.02 points
• HDFC Bank: - 12.44 points

Broader Markets Negative

The broader market indices ended on a Negative note. The Mid-cap 100 index closed down by 0.58% and the Small-cap 100 index declined by 1.04%, recording the highest one-month intraday loss. 

Market Breadth

As of July 24, 2025, the market breadth was in favour of declining stocks. Out of 3,058 stocks traded on the NSE, 1,111 advanced, 1,863 declined, and 84 remained unchanged. 

A total of 72 stocks touched their 52-week highs, while 29 hit their 52-week lows. Additionally, 68 stocks were locked in their upper circuits, whereas 54 stocks were in lower circuits. 

Disclaimer: The article is for informational purposes only and not investment advice.