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POST MARKET
Indian benchmark indices gave up early gains and ended lower, dragged down by sharp losses in PSU bank and IT stocks.
At close, the Sensex was down 375.24 points or 0.45 percent at 82,259.24, and the Nifty was down 100.60 points or 0.40 percent at 25,111.45. About 1931 shares advanced, 1942 shares declined, and 152 shares remained unchanged.
The biggest Nifty losers were Tech Mahindra, IndusInd Bank, Infosys, SBI Life Insurance, Wipro, while gainers included Tata Consumer, Tata Steel, Hindalco Industries, Trent, and M&M.
On the sectoral front, IT, PSU Bank shed 0.5-1 percent, while metal, consumer durables, and realty indices added 0.5-1 percent.
The broader markets outperformed the benchmarks, only slipping mildly into the red. The Nifty Smallcap 100 and Nifty Midcap 100 were lower by 0.1 percent each.
STOCKS TODAY
Emcure Pharma
Emcure Pharmaceuticals erased gains after rising 2 percent in intra-day deals on July 17 after it signed a deal with Sanofi India to distribute and promote Sanofi’s oral anti-diabetic drugs, including Amaryl and Cetapin, across India. The collaboration aims to expand access to trusted diabetes therapies through Emcure’s strong national network.
Tech Mahindra
Information and technology player Tech Mahindra Ltd (TechM) shares fell by over 2 percent after the Mahindra Group company posted its earnings results for the three months ended June 30, 2025. Brokerages remained mixed on their outlook for the firm following strong deal wins during the quarter, while the revenue came in under estimates.
Angel One
Capital markets player Angel One shares traded with gains on July 17, even after the firm reported a steep fall in net profit following the regulator Securities and Exchange Board of India’s crackdown on retail trading in the derivatives segment.
Sterlite Technologies
Shares of Sterlite Technologies continued their winning streak for a second straight day, climbing as much as 7 percent to touch a fresh 52-week high of Rs 122 per share on July 17. The stock gained after the company announced a collaboration with Hygenco to set up Maharashtra’s first green hydrogen production facility for optical fibre manufacturing.
L&T Tech
The stock rose by over a percent on July 17 after the firm reported its quarterly earnings for June 30, 2025, with net profit supported by a strong tax return. LTTS posted a slight 0.7 percent year-on-year rise in consolidated net profit for Q1 FY26 at Rs 316 crore, compared to Rs 314 crore in the same quarter last year. Revenue from operations grew 16 percent year-on-year to Rs 2,866 crore from Rs 2,462 crore.
Source – Money Control