HomeMarket NewsStock Market Highlights: Nifty closes near its support level of 25,060, Sensex falls 542 points, IT stocks see big fall
By CNBCTV18.COM | Jul 24, 2025 3:54 PM IST (Updated)
Sensex Today | Stock Market Highlights: The Nifty closed near its key support level of 25,060, slipping 158 points to end at 25,062, while the Sensex dropped 542 points to settle at 82,184. Broader market weakness was visible, with the midcap index falling in line with the benchmarks, down 346 points to 58,961.
Sensex Today | Stock Market Highlights: The market ended near the day’s low on Thursday as a sharp sell-off in IT stocks dragged benchmark indices lower. The Nifty Bank index, although closing in the red, outperformed relatively with a fall of 144 points, led by gains in PSU banks. The Nifty PSU Bank index ended 1% higher as stocks like Canara Bank and Indian Bank rose after posting healthy Q1 earnings.
Among individual stocks, IEX tanked 30%, marking its worst-ever single-day decline after the CERC issued a market coupling order that raised regulatory concerns. IT majors bore the brunt of the selling pressure, with Infosys ending 1.4% lower despite posting a Q1 beat, as concerns over its outlook weighed on sentiment. Persistent Systems and Coforge saw steeper cuts, falling between 7% and 9% as their earnings internals failed to impress.
Nestle was the top Nifty loser, plunging over 5% after reporting a lower-than-expected Q1 performance. On the flip side, Eternal continued its strong upward move, ending as the top Nifty gainer with a 4% rise. Tata Motors and Samvardhana Motherson also gained on hopes of a favourable US-EU trade agreement.
