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After a strong midweek sprint, Indian markets kicked off Thursday (July 24, 2025) with a breather.
This morning, the Sensex was down over 165 points, trading around 82,561, while the Nifty slipped below 25,200, falling around 0.13 per cent. This came despite positive signals from global trade developments and a strong close on Wednesday.
What happened yesterday?
On Wednesday, bulls had a good run. The Sensex jumped 540 points, and the Nifty gained 159 points, cheered on by optimism over a potential India-UK trade agreement and solid corporate earnings.
But Thursday morning brought some caution. Pre-market indicators were optimistic, but the rally didn’t carry through.
So, what’s dragging the market now?
- IT and banking stocks took a hit early on. Traders likely booked profits after Wednesday’s bounce.
- Some Q1 earnings have been a mixed bag. While Infosys delivered a decent set of numbers, others like Tata Consumer and Dr Reddy’s have failed to excite.
- With key results lined up – Bajaj Finance, SBI Life, Nestle India – investors are holding back to see how things pan out.
What should investors do?
- Don’t panic over the early dip. These pullbacks are natural after a strong day.
- Stay stock-specific: Autos, FMCG and metals have shown strength. Meanwhile, some beaten-down banks may offer a good entry if they show earnings resilience.
- Watch the earnings closely over the next few sessions. The next leg of the rally will depend on how the corporate scorecards look.
The takeaway
Markets aren’t running in a straight line, and today’s tepid open is just proof of that. While the long-term trend remains positive, earnings season and global cues will decide the short-term direction. For now, keep your shopping list ready and don’t chase momentum blindly.
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Disclaimer: This article was crafted with the aid of artificial intelligence and meticulously reviewed and edited by our human experts to ensure accuracy and provide valuable insights. It's intended for informational purposes only. We encourage you to conduct your own thorough research before making any investment decisions.
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