Sensex, Nifty Outlook July 15: Consolidation Likely as Q1 Results Drive Sentiment; IT, Financials in Focus

The Indian stock market ended in negative territory for the first trading session on Monday, weighed down by persistent selling in IT and financial services stocks. Despite some recovery attempts during the session, weak global cues and capital outflows by foreign investors continued to pressure the indices.

BSE Sensex, NSE Nifty Outlook For July 15

The BSE Sensex closed 247.01 points or 0.30% lower at 82,253.46, while the NSE Nifty slipped 67.55 points or 0.27% to settle at 25,082.30.

Markets opened sharply lower on Monday with the Sensex falling by 375 points and the Nifty by 95 points in early trade. Large-cap stocks witnessed significant selling pressure, while midcaps and smallcaps bucked the trend with selective buying. During the day, the Sensex had even touched an intraday low of 82,010.38, falling nearly 490 points from the previous close.

Sector-wise Performance in Latest Trading Session

Sector-wise, the performance was mixed. Gains were seen in Auto, PSU Banks, Pharma, FMCG, Metals, Realty, Media, and Energy sectors, whereas IT, Financial Services, and Private Banks ended in the red. Notable gainers on the Sensex included Titan, Zomato, ITC, Sun Pharma, Tata Steel, and SBI. Meanwhile, Asian Paints, Infosys, HCLTech, TCS, and Kotak Mahindra Bank were among the top losers.

Broader markets displayed resilience despite the weak headline indices. The Nifty Midcap100 and Smallcap100 indices rose by 0.7% and 1.0%, respectively, reflecting investor appetite for quality stocks outside the large-cap space.

Factors Influencing Market Sentiment

Market sentiment was also influenced by global uncertainty after the U.S. President announced a 30% tariff on imports from the European Union and Mexico, effective August 1. This geopolitical development, along with weak Q1 results from TCS and cautious forward guidance, triggered a sector-wide sell-off in IT stocks.

Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services, noted that the Nifty ended lower due to these global concerns and disappointing domestic earnings. He said, "Nifty ended lower for the fourth consecutive day at 25,082 (-0.3%), tracking weak global cues... Meanwhile, the broader markets witnessed buying interest with Nifty Midcap100 and Smallcap100 indices rising by 0.7% and 1.0% each."

Khemka also highlighted strength in Pharma stocks, saying, "Nifty Pharma gained 0.8% amid expectations of a favourable outcome in the US-India trade deal." On the other hand, IT stocks declined by 1.1% as TCS's results fell short of investor expectations.

On the macroeconomic front, both wholesale and retail inflation data added a fresh layer of complexity to market sentiment. The Wholesale Price Index (WPI) fell into negative territory for the first time in 19 months, easing to -0.13% in June due to declining food, fuel, and manufacturing prices. Retail inflation (CPI) also dropped to a six-year low of 2.1% for the same period, mainly due to reduced prices of vegetables, pulses, dairy, and meat.

Foreign Institutional Investors (FIIs) continued to withdraw from the market, selling equities worth Rs 5,104.22 crore on Friday. This ongoing outflow has kept the market under pressure despite strong domestic participation in broader markets.

Looking ahead, market experts believe Indian equities may remain in a consolidation phase in the near term. "We expect the market to remain in consolidation phase, awaiting updates on the India-US trade deal; while stock-specific action could be seen on the back of quarterly earnings announcements," Khemka added.

Q1 Results 2026 Today

Investors will now be closely watching key Q1 results expected on Tuesday, including those from HDFC Life, ICICI Prudential Life, ICICI Lombard, and HDB Financial Services, which could trigger movement in respective sectors.

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