Sensex, Nifty50 extend losing streak to 4th straight day; all eyes on HCLTech

Stock Market on Monday, July 14: Domestic equity benchmarks suffered losses on Monday as earnings did little to aid sentiment while investors globally continued to be wary of the US-triggered trade war. Selling pressure in IT, financial and oil & gas shares continued to weigh on the main indices, though some buying in consumer-focused pockets such as FMCG lent some support, saving the market from deeper cuts. Investors awaited more financial earnings for domestic cues, after Tata Consultancy Services (TCS) and DMart’s results last week dented market mood.

Both headline indices finished 0.3 per cent lower, having recovered nearly half of their intraday losses. The Sensex ended 247 points lower at 82,253.5 while the Nifty50 settled at 25,082.3, down 67.6 points from its previous close.

Jio Financial Services, Tech Mahindra, Wipro, Infosys, HCLTech, Bajaj Finance, Asian Paints, Larsen & Toubro and Eicher Motors–closing between 1.3 per cent and 2.0 per cent lower–were the worst hit among the 27 losers in the Nifty50 basket. 

On the other hand, Eternal, Titan, HDFC Life, ONGC and Grasim–rising between 1.0 per cent and 3.0 per cent–were the top gainers in the 50-blue-chip pack. 

Infosys, Reliance, TCS and Bajaj Finance were the biggest contributors to the fall in both main gauges.

HCLTech shares declined 1.4 per cent to close at Rs 1,614 apiece, as investors awaited the IT major’s quarterly results due later in the day. What analysts expect in HCLTech results

TCS declined 1.2 per cent for the day, finishing lower for a sixth straight session. On Thursday, the Tata group IT giant staged a weak financial performance for the quarter ended June 30. Its revenue declined 2 per cent though profit grew 4 per cent and margin remained flat at 24.5 per cent for the first quarter of FY26. Analysts had expected a more than 1 per cent increase in revenue with steady profit as well as margin. Read more on TCS Q1 FY26 results

DMart shares fell 1.3 per cent after the supermarket chain operator reported a weaker-than-expected set of quarterly numbers. 

The Nifty Bank–whose 12 constituents include SBI and HDFC Bank–ended barely in the green, having recovered its intraday losses of as high as 160.5 points or 0.3 per cent.

Among broader indices, Nifty Midcap 100 and Nifty Smallcap 100 rose 0.7 per cent and 1.0 per cent respectively. 

At the end of the day’s trade, overall market breadth stood neutral, with an advance-decline ratio of 1:1, as 2,063 stocks rose while 2,123 declined on BSE. That was in contrast with a bear-dominated trend for much of the session. 

Global markets

European shares began the day on a muted note, with the pan-continental Stoxx 600 index trading 0.3 per cent lower at the last count–a reflection of a largely weak trend across major Asian markets. 

Although the UK’s FTSE 100 managed a 0.4 per cent gain, France’s CAC and Germany’s DAX indices were down 0.4 per cent and 0.7 per cent respectively. 

Dow futures were down 139.4 points, or 0.3 per cent, at 44,232.1, suggesting a weak start to Monday’s session on Wall Street later in the day. 

Caution on the tariff front persisted as, during the weekend, US President Donald Trump mentioned a 30 per cent tariff on most imports from the European Union and Mexico with effect from August 1.