Nifty 50 Slips on Jul 28 Amid IT Weakness, Trade Tariff Jitters Keep Markets Cautious

The Indian stock market traded in the red on July 28, 2025, with the Nifty 50 shedding 55.55 points to 24,781.45, down 0.22% for the day at 9:30 AM . Disappointing earnings from IT majors, weak sentiment in the midcap and smallcap space, and looming global uncertainties weighed heavily on market participants.

IT Sector Drags as TCS Stays in Spotlight

One of the biggest drags on sentiment continues to be the IT sector, which has been under intense pressure. The Nifty IT index has declined over 9% in the past 3 weeks, reflecting investor concerns over earnings, hiring controversies, and broader slowdown risks, as per news reports.

Tata Consultancy Services (TCS) remained a focal point as it grapples with onboarding delays and potential layoffs, closing down 1.39% at ₹3,092.20 on Friday.

Tariff Deadline Looms

Another key concern looming over the market is the August 1 US tariff deadline, which has introduced further volatility, particularly in globally exposed sectors. Investors remained cautious, avoiding aggressive positions ahead of what could be a defining week both domestically and globally.

Nifty Top Gainers on Jul 28

Despite the broader weakness, select pockets saw buying interest. Notable gainers included:

• Tata Motors: The stock climbed 1.55% to ₹698.05.
• Shriram Finance: Rose 1.36% to ₹624.20.

These gains, however, were insufficient to offset the broader market weakness.

Nifty Losers on Jul 28

• Kotak Mahindra Bank led the losers, falling 6.43% to ₹1,988.00, reacting sharply to earnings disappointment and cautious forward guidance.
• TCS, as noted earlier, closed at ₹3,092.20, contributing to the downward pressure on the Nifty.

Stock-Specific Highlight: Bosch ₹512 Final Dividend Record Date

Amid broader market caution, Bosch Limited made headlines with its announcement of a ₹512 final dividend per equity share for FY 2024–25. The record date for determining eligible shareholders is July 29, 2025, and the dividend will be paid post-approval at the company's 73rd AGM.

Investors must hold shares in a valid demat account by the record date to qualify.

Sector Snapshot: Mixed Performance

While frontline indices fell, midcap and next 50 stocks showed resilience, trading slightly in the green during morning trade hinting at selective buying interest in broader markets.

Read More: TCS Share Price in Focus; Labour Ministry Summons Company Over Hiring Delay Allegations.

Conclusion

The market movement on July 28 reflected a cautious investor approach amid sector-specific challenges and global uncertainties. Pressure from IT stocks and concern over trade-related developments weighed on overall sentiment, while select pockets like auto and finance offered some support. As broader trends unfold, market participants continue to assess key data points and sectoral developments to navigate the evolving landscape.

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