Markets Slide on IT Drag; Midcaps Lead the Decline

🗓️ Market Wrap-Up | 24 July 2025

Hello ,

🔻 Markets Slide on IT Drag; Midcaps Lead the Decline


Equity markets ended sharply lower, closing near the day’s low amid heavy selling in IT, midcaps, and capital market stocks. Healthcare and PSU Banks outperformed on a relative basis.


📉 Key Indices Performance:

Index Name

Level

Change (Pts)

% Change

Nifty 50

25,062.10

-157.80

▼ 0.6%

Nifty 500

23,301.10

-127.30

▼ 0.5%

Nifty Bank

57,066.05

-144.40

▼ 0.3%

🏦 Sectoral Highlights:

🏦 Top Gaining Sectors:

Sector Name

% Change

Nifty MidSmall Healthcare

▲ 0.8%

Nifty Healthcare Index

▲ 0.7%

Nifty PSU Bank

▲ 1.2%

📉 Top Losing Sectors:

Sector Name

% Change

Nifty MidSmall IT & Telecom

▼ 3.2%

Nifty IT

▼ 2.2%

Nifty Capital Markets Index

▼ 2.0%

📌 Top Gainers – Nifty 50:

Stock Name

% Change

Eternal Ltd.

▲ 3.7%

Tata Motors Ltd.

▲ 1.5%

Dr. Reddy's Labs

▲ 1.5%

Grasim Industries Ltd.

▲ 1.0%

Cipla Ltd.

▲ 1.0%

📉 Top Losers – Nifty 50

Stock Name

% Change

Nestle India Ltd.

▼ 5.3%

Trent Ltd.

▼ 3.8%

Shriram Finance Ltd.

▼ 3.1%

Tech Mahindra Ltd.

▼ 3.1%

Reliance Industries Ltd.

▼ 1.5%

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🚀 Top Gainers – Nifty 500

Stock Name

% Change

Olectra Greentech Ltd.

▲ 15.5%

Vijaya Diagnostic Centre Ltd.

▲ 10.2%

Rainbow Children’s Medicare Ltd.

▲ 5.8%

Ipca Laboratories Ltd.

▲ 5.5%

Canara Bank

▲ 5.3%

📉 Top Losers – Nifty 500:

Stock Name

% Change

Indian Energy Exchange Ltd.

▼ 29.6%

Coforge Ltd.

▼ 9.4%

Persistent Systems Ltd.

▼ 7.7%

Godfrey Phillips India Ltd.

▼ 6.2%

Nestle India Ltd.

▼ 5.3%


📊 Investor Takeaway: Despite early stability, benchmark indices saw sharp selloffs led by weakness in IT and broader markets. PSU banks and select pharma/diagnostic stocks cushioned the fall, suggesting a defensive tone. Traders should monitor Nifty’s support zone at 25,000 and midcap trends for near-term cues.

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