Stock market today: Nifty50 goes below 24,900; BSE Sensex down over 550 points – why is market falling?
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in trade on Friday. While Nifty50 went below 24,900, BSE Sensex was down over 550 points. At 11:07 AM, Nifty50 was trading at 24,891.00, down 171 points or 0.68%. BSE Sensex was at 81,687.86, down 496 points or 0.60%. The stock market decline was influenced by Bajaj twins, Reliance Industries, and Infosys shares. Sectorally, Automobile and Energy indices saw the most significant losses, declining by up to 1.5%.Within the Sensex components, Bajaj Finance and Bajaj Finserv led the losses, declining by 5.6% and 4.4% respectively. Other companies including M&M, HUL, Tata Steel, and Maruti also showed negative performance. Conversely, Eternal, SBI, ICICI Bank, and HCL Tech showed positive movements.The substantial decline in Bajaj Finance shares followed deteriorating asset quality indicators, with GNPA increasing to 1.03% from 0.86% year-on-year, and net NPA rising to 0.50% from 0.38%.Despite the overall market decline, companies in textile, automotive, leather, and footwear sectors may attract attention as their exports to the UK become duty-free under the new agreement.Although the India-UK pact might boost market sentiment, market experts suggest that trading might remain within a range until further clarity emerges regarding trade discussions with the United States.
Why is the stock market falling?
According to Dr. VK Vijayakumar, Chief Investment Strategist at Geojit there is a deterioration in current market conditions. The continuous Foreign Institutional Investor outflow, totalling Rs 11572 crores over four trading sessions, is creating downward pressure. He anticipates continued weakness in the broader market, particularly in the small-cap segment, where valuations have reached unsustainable levels.According to Hardik Matalia, Derivative Analyst at Choice Broking, “Nifty is stuck in a tight range of 24,900–25,300 with no clear direction, facing strong resistance at 25,200–25,300. RSI below 50 signals weak momentum. The 20- and 50-day EMAs at 25,150 and 24,950 mark the consolidation zone. Unless Nifty breaks above 25,300, a cautious approach with a sell-on-rise strategy is ideal.”Global MarketsAsian equities declined from their peaks on Friday, including Japanese markets pulling back from record levels, as investors secured their gains before a significant week featuring US President Donald Trump’s tariff deadline and several central bank sessions.The Nikkei decreased 0.5% from its yearly high on Thursday. The Hang Seng in Hong Kong dropped 0.5%, whilst Chinese blue-chip shares fell 0.2%. The Australian benchmark index reduced by 0.5%.US S&P 500 futures rose 0.2%, following the cash index’s modest increase to a fresh record closing high the previous night, supported by strong financial results from Alphabet, Google’s parent company. The Nasdaq index also achieved a new peak.Foreign institutional investors (FIIs) continued their selling streak for the fourth consecutive day, offloading equities worth Rs 2,133 crore on July 24. In contrast, Domestic institutional investors (DIIs) acquired equities valued at Rs 2,617 crore during the same session.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
