On July 28, 2025, the Indian stock market closed lower, extending losses for the third consecutive session, driven by selling in financials and weak global cues. The Sensex and Nifty fell sharply, with profit-taking and disappointing Q1 earnings weighing on sentiment. Below is a concise summary of the day’s market performance, key drivers, and sectoral trends.
Market Performance
BSE Sensex: Dropped 500.79 points (0.60%) to close at 80,891.02, with an intraday high of 83,696.97 and a low of 81,463.42.
NSE Nifty 50: Fell 179.75 points (0.72%) to settle at 24,680.90, dipping below the 24,700 mark, with an intraday range of 25,541.80 to 24,688.00.
Market Breadth: On the BSE, 1,900 stocks advanced, 2,000 declined, and 150 remained unchanged out of ~4,050 traded stocks. Approximately 190 stocks hit the upper circuit, and 140 hit the lower
Volatility: The India VIX spiked 8% to ~14.9, reflecting heightened market uncertainty amid global and earnings-related concerns.
Key Drivers
Global Market Cues: Weak global markets, with the S&P 500 futures down and Asian indices like Nikkei 225 (-0.3%) declining, pressured sentiment. Concerns over US tariff deadlines (July 9) and mixed US economic data added
Earnings Disappointment: Weak Q1 FY26 earnings from key players, particularly in financials, triggered
FII and DII Activity: Foreign Institutional Investors (FIIs) were net sellers, offloading ~₹2,000 crore, while Domestic Institutional Investors (DIIs) bought ~₹800 crore, limiting
Rupee Movement: The Indian rupee weakened to 86.56 against the US dollar, impacted by FII outflows and a stronger dollar (DXY at 97.12)
Domestic Macros: Robust GST collections (₹2.01 lakh crore, May 2025) and an above-normal monsoon provided some support, but earnings and global cues dominated
Sectoral Highlights
Sectoral Trends: Energy, metal, and auto sectors led losses, with Nifty Energy and Metal indices down over 1%. PSU banks gained ~1%, bucking the trend. Midcap and smallcap indices fell sharply, down 0.5% and 0.7%,
Broader Market: Selling pressure was broad-based, with mid and small-caps amplifying negative sentiment due to earnings
Market Sentiment: The market opened with a gap-down below 25,000, with sustained selling throughout the session. GIFT Nifty futures at ~24,700 signaled a bearish bias.
Corporate Developments
Godrej Properties: Fell ~5% after weak Q1 earnings.
HDB Financial Services: Listed on July 2 post its ₹12,500 crore IPO, boosting financial sector interest.
RITES, Dr Reddy’s, IndusInd Bank: In focus due to Q1 earnings announcements.
Ola Electric: Gained attention amid EV sector developments.
Tata Chemicals: Announced capacity expansion plans, supporting its stock.
Market Outlook
Technical Levels: Nifty support is at 24,580 (100-day EMA) and 24,750, with resistance at 24,900–25,150. Sensex support lies at 81,300–81,000, with resistance at 82,200–83,000. A break below 24,580 could target 24,400.
Volatility Expectations: Elevated VIX (~14.9) suggests continued volatility, driven by earnings and global cues.
Upcoming Triggers: US Core PCE data, India’s Q1 FY26 earnings, and US tariff talk outcomes (July 9 deadline) will guide markets. Monsoon progress and oil price stability remain key.
Conclusion
On July 28, 2025, the Indian stock market closed lower, with the Sensex at 81,463.42 (down 0.60%) and Nifty at 24,688.00 (down 0.72%), driven by selling in energy, metal, and auto sectors amid weak global cues and disappointing Q1 earnings. PSU banks provided some resilience, but FII outflows and a rising VIX signaled caution. Investors should monitor Nifty’s 24,580 support and focus on defensive sectors while awaiting earnings and US trade developments.
Disclaimer: Investments in securities are subject to market risks. Please consult a qualified financial advisor before investing.