Sensex Falls to 82,500, Nifty ends 25,150; Why Market Dropped For the Third Day?

Indian stock market benchmarks, Nifty and Sensex, ended in red after trading in a narrow range on Friday, July 11 to a two-week low marking its third consecutive decline amid renewed trade tensions after US President Trump imposed steep tariffs on Canada.

BSE Sensex closed at 82,500.47, down 689.81 points or 0.83 per cent, while the Nifty50 index ended at 25,149.85, down 205.40 points or 0.81 per cent.

Top Gainers and Losers:

Hindustan Uniliver (HUL), SBI Life, Sun Pharma, Indusind Bank, Axis Bank and Kotak Bank were among top Nifty gainers. HUL was the top performer of the day. rising over 4%.

While TCS, M&M, Hero Motocorp, Wipro, Bajaj Auto, and Tata Motors were today's top nifty losers.
Among the sectoral indices, most sectors ended in the red, except for Nifty FMCG and Pharma, which stayed positive at 0.51% and 0.68%.

The biggest losses were seen in the Nifty IT and Auto sectors. In Nifty IT, TCS and Wipro led the decline, while Mahindra & Mahindra and TVS Motors were the main losers in Nifty Auto.

Why Did Markets fell today?

Today's Indian stock market decline was due to new U.S. tariffs on Canada and weaker-than-expected results from TCS, whose shares fell over 3%. This dragged down other tech stocks like Infosys and HCL Tech.

Traders were also cautious ahead of trade data from China, India's top trading partner, due next Monday, as global trade uncertainty persists. However, the market decline was partially capped by optimism from a Reuters poll, which showed that India's inflation rate is expected to ease to 2.5% in June, the lowest in six years.

"The domestic market experienced a negative close due to a sober start to Q1 earnings season and a ramp-up in the tariff threat by the US to impose a 35 per cent tariff on Canada. Investors may continue to be focused on quarterly earnings for a buy-on-dips strategy.

However, in the near term, the current premium valuation and the global headwinds like low spending & tariff uncertainties may restrain new inflows. The IT index underperformed due to deferment in orders and new investments, which may impact FY26 earnings estimates," said Vinod Nair, Head of Research, Geojit Investments.

Rupee VS Dollar:

The rupee ended 16 paise lower against the US dollar at 85.80. Over the week, it declined by 0.5%.

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