Stock Market Live: Sensex ends 586 pts lower, Nifty at 24,565; Sun Pharma, Tata Steel, Infosys lead fall

The Indian equity market extended its decline for the fifth consecutive week due to prevailing concerns regarding tariffs and macroeconomic developments during the earnings season. The benchmark index initially endeavored to achieve stability; however, market selling pressure ultimately prevailed, resulting in a downturn ahead of the weekend, said Rajesh Bhosale, Equity Technical Analyst, Angel One

The Nifty50 index decreased by an additional 1.09% on a week-over-week basis, closing around the 24560 zone.

“From a technical standpoint, the current chart reflects a distinct and concerning pattern characterized by lower lows and lower highs, which is apparent in the daily time frame structure. The recent decline below the 100-DEMA has raised significant alarm, indicating potential vulnerability in the market, suggesting a rather bleak outlook for the benchmark index in the intermediate term. The next support level, projected to be around 24500-24470, is expected to act as a buffer, providing some stability against further declines.”

Markets began the August series on a negative note, extending the prevailing corrective trend, and ended lower by over half a percent. The first half of the session remained range-bound, with Nifty oscillating in a narrow band.

“Markets continue to grapple with a mixed earnings season, while the recent tariff announcement and persistent foreign fund outflows are further weighing on sentiment,” said Ajit Mishra – SVP, Research, Religare Broking.

He said the Nifty is now approaching its next crucial support at 24,450; a breach of this level could trigger a retest of the long-term moving average, the 200-day EMA, near 24,180. On the upside, the 24,800–25,000 zone is expected to act as a strong hurdle. We maintain our cautious stance and continue to recommend a hedged approach with a negative bias until clear signs of reversal emerge."

On the BSE Sensex pack, 24 out of 30 stocks ended in negative terrain, led by Sun Pharma, Tata Steel, Infosys, Maruti Suzuki India, Tata Motors and Infosys.

On the other hand, Trent, Asian Paints, HUL, ITC, Kotak Mahindra Bank, and Reliance Industries ended in positive terrain.

Hyundai Motor India Limited (HMIL) achieved total monthly sales of 60,073 units (domestic: 43,973 units + exports: 16,100 units), in July 2025.

“While the overall auto industry has seen some softness in recent months, we remain optimistic with the onset of the festive season and are fully geared up with robust supply and exciting product offerings. At HMIL, we continue to stay focused on delivering enhanced value and innovation to our customers and with the upcoming state of the art facility at Talegaon, we are well positioned to adapt to market movements,” said Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL.

The Indian rupee rose by 40 paise to stand at 87.25 against the USD on Friday, on the back of subdued crude oil prices

The subscription window for National Securities Depository Ltd's (NSDL) IPO will end today. IPO, so far, has received a good response from the investors.

Shares of Maruti Suzuki India slide over 1% today, in sync with weak broader market, after the auto major released its June quarter earnings report. The company reported a modest 0.8% rise in consolidated net profit, on the back of sluggish domestic demand.

Net profit rose marginally to ₹3,792.4 crore in the April-June period, compared to ₹3,759.7 crore in the same quarter last year. The total consolidated income of the company dropped 4.5% from ₹42,431.3 crore in the March quarter to ₹40,493.4 crore. Revenue from sale of products rose 8% to ₹36,624.1 crore from last year’s ₹33,876.4 crore.

Shares of Swiggy declined up to 3.5% in opening trade on Friday as investors reacted to its June quarter earnings report. The online food delivery company’s Q1 consolidated loss widened to ₹1,197 crore in Q1 FY26, from ₹611 crore in the year ago period. The revenue, however, jumped 54% to ₹4,961 crore from ₹3,222 crore in the same period last year.

The BSE Sensex and NSE Nifty were trading in negative terrain in pre-open session, indicating a gap-down opening for the domestic bourses. In the previous session, the 30-share Sensex closed 296 points, or 0.36%, lower at 81,185, and the NSE Nifty settled at 24,768, down 87 points, or 0.35%.

Asian shares extended their losing streak for the sixth straight session on Friday, led by South Korea’s KOSPI, after U.S. President Donald Trump unveiled new tariffs on every country.

In an overnight development, President Trump signed an executive order setting new tariffs on all countries around the world, to be implemented on August 7. The new tariff regime proposes higher import duty rates of 10% to 41% for 69 trading partners.

South Korea was the top loser with a 3% fall after it accepted a 15% tariff on its exports to the U.S., including autos. Japan’s Nikkei 225 was down 0.2%, Hong Kong’s Hang Seng slide 0.4%, and China’s Shanghai Composite edged lower in early trade.

Among others, Taiwan’s Weighted Index fell 0.4%, while Singapore’s Straits Times and Indonesia’s Jakarta Composite were up by 0.2% and 0.8%, respectively. Australia’s ASX 200 ended 0.75% lower.

Indian benchmark indices, BSE Sensex and NSE Nifty, are set to open lower on Friday, tracking weak cues from Asian peers, after U.S. President Donald Trump announced a new higher tariffs for every country around the world.

At 8:15 AM, the GIFT Nifty index was trading 94.5 points, or 0.38%, lower at 24,742, indicating a gap-down opening for the benchmark indices, BSE Sensex and NSE Nifty.

On Thursday, Indian share market ended lower in choppy trade on Thursday as investors turned jittery after Donald Trump imposed a 25% tariff and penalty on Indian exports. The BSE Sensex closed 296 points, or 0.36%, lower at 81,185, and the NSE Nifty settled at 24,768, down 87 points, or 0.35%.