Indian stock markets, Nifty and Sensex, ended in decline on Monday, July 14. This marked the fourth consecutive day of decline in the indian stock market, causing losses to investors. The decline was due to the announcement of a 30% tariff on goods coming from the US, the european union, and mexico from august 1. The BSE Sensex ended at 82,253.46 points, down 247.01 points or 0.30%. At the same time, the Nifty50 index ended at 25,082.30 points, down 67.55 points or 0.27%. The falls reflect global trade uncertainty. In terms of sectoral activity, the IT sector was the worst-hit, falling 1% for the fourth consecutive day. Tech mahindra and LTDS were the biggest losers in this sector. On the other hand, sectors like pharma, consumer durables, media, realty, and public sector banks gained between 0.5% and 1%. Despite the overall market decline, the midcap and smallcap indices rose 0.5% each. The Nifty Midcap 150 index snapped a 6-day losing streak, while the Nifty Smallcap 250 snapped a two-day decline.
In terms of individual stocks in the Nifty index, Tech mahindra, jio Financial, Bajaj Finance, HCL Tech, Infosys, Wipro, and Asian Paints fell significantly. On the other hand, companies like Eternal, Titan, ONGC, hdfc Life, IndusInd Bank, and sbi Life Insurance saw gains. Brent crude oil prices rose above $71 per barrel. The rise benefited stocks like ONGC, which rose 1%. The announcement of import duties on goods from the european union and mexico from august 1 triggered trade tensions and led to a market slump. In addition, disappointing earnings from Tata Consultancy services weighed on investor sentiment. Traders are also looking ahead to key economic data from China, including GDP figures due on Wednesday. "The domestic market continued to decline due to the tax announcement and the sluggish start to the earnings season. Investors are very sensitive as valuations are trading at a three-year high," said Vinod Nair of Geojit Investments. "The Nifty is continuing to decline as tax tensions are affecting market sentiment," said Rupak De of LKB Securities. He said that investors are also looking forward to consumer price index (CPI) data from india and the US.
Technically, if support is found in the 24,900-24,950 area, a move to 25,350 is possible, but if it fails, a deeper decline is possible, he said.  Multiples PE agreed to buy a 32% stake in VIP Industries, sending its share price up 5%. ola Electric posted a significant 20% growth following positive Q1 results. The indian rupee fell 19 paise to 85.99 against the US dollar, compared to 85.80 in the previous session. "The indian rupee weakened after US President donald trump announced that he would impose new tariffs," said dilip Parmar of hdfc Securities. He added that these threats have increased global trade tensions.
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Sowmiya Sriram

14/07/2025 08:54 PM