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Indian equity indices extended the losing streak on the second consecutive session on July 18, with Nifty falling below 25,000, hitting a one-month low amid selling across the sectors, barring metal and media.
At close, the Sensex was down 501.51 points or 0.61 percent at 81,757.73, and the Nifty was down 143.05 points or 0.57 percent at 24,968.40. BSE Midcap and smallcap indices performed in line with the main indices, falling 0.6 percent each
Biggest Nifty losers included Axis Bank, Shriram Finance, Bharat Electronics, HDFC Life, Bharti Airtel, while gainers were Wipro, Bajaj Finance, Tata Steel, ONGC, Nestle India.
Except media and metal, all other sectoral indices ended in the red with pharma, Private Bank, PSU bank, FMCG, capital goods, consumer durables, and telecom down 0.5-1 percent.
Broader markets also mirrored the weak mood, with mid- and small-cap stocks under pressure.
STOCKS TODAY
STOCKS TODAY
Godrej Properties
Shares of Godrej Properties extended their winning streak to a fifth consecutive session after the company announced the acquisition of a 48-acre land parcel in Bengaluru, Karnataka. Over the past five trading days, the stock of this real estate company has gained 6 percent, compared with a 0.5 percent decline in the benchmark Nifty 50 index.
Axis Bank
Shares of Axis Bank tumbled over 5 percent after the lender posted a weak set of numbers for the June quarter. Profit and net interest income (NII) growth were muted, fresh slippages increased sharply owing to a technical impact, and margins contracted. Brokerages expressed disappointment over the Q1 performance and downgraded their ratings on the stock.
Wipro
Shares of Wipro surged over 2 percent to Rs 266 after the company reported a June quarter performance that was better than expected, driven by strong execution of large deals. However, brokerages remain in a wait-and-watch mode as the management has guided for a stronger recovery in the second half of this fiscal year.
Route Mobile
Shares of the company fell over 5 percent after the company reported a weak set of numbers for the first quarter of FY26. Route Mobile reported a 32.23 percent year-on-year decline in net profit to Rs 53.21 crore for the quarter ended June 2025, compared to Rs 78.52 crore in the same period last year.
Clean Science and Technology
Shares of Clean Science and Technology fell over 8.7 percent after the company reported its June quarter results and management shared commentary on a potential promoter stake sale. For the June quarter, Clean Science’s revenue rose 8 percent year-on-year to Rs 240 crore, while Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) grew 5 percent over the same period to Rs 100 crore.
Source – Money Control