On Monday, July 28, Indian benchmark indices closed in the red, extending losses for the third consecutive session, weighed down by Kotak Bank and Bharti Airtel.
At the closing bell, the Nifty 50 ended down by 156.10 points or 0.63%, at 24,680.90. The Sensex slipped by 572.06 points or 0.70% to 80,891.03.
IT stocks slipped by 0.72%, with Tata Consultancy Services (TCS) falling 1.8% after announcing plans to reduce its workforce by 2%. Banking heavyweights HDFC Bank and ICICI Bank, both of which reported positive Q1 results, gained 0.2% and 7%, respectively, emerging as key contributors to benchmark support.
Meanwhile, uncertainty over a potential U.S.-India trade agreement ahead of the August 1 deadline continued to weigh on overall market sentiment.
On the sectoral front, 2 out of 11 key sectors ended in positive territory. Meanwhile, broader indices like Midcaps and Smallcaps plummeted over 0.8% and 1.26% respectively and closed in red.
Among individual stocks,
The Nifty Pharma index managed to close up by 0.43% on Monday. Laurus Labs and Cipla emerged as the top gainers among the Nifty Pharma index. On the flip side, the Nifty Realty index declined by 4.07% with Godrej Properties Ltd and Lodha Developers among the top losers. Nifty Realty index slips below 200-DEMA.
The key drivers of the index gains were:
On the other hand, these stocks weighed on the index:
The broader market indices ended on a Negative note. The Mid-cap 100 index closed down by 0.84% and the Small-cap 100 index declined by 1.26%, closing at the one-month low.
As of July 28, 2025, the market breadth was in favour of declining stocks. Out of 3,089 stocks traded on the NSE, 811 advanced, 2,211 declined, and 67 remained unchanged.
A total of 57 stocks touched their 52-week highs, while 62 hit their 52-week lows. Additionally, 70 stocks were locked in their upper circuits, whereas 120 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.
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