Indian stock markets ended sharply lower on Friday, July 11, as sentiment turned cautious following weaker-than-expected earnings from Tata Consultancy Services and fresh global trade tensions after US President Donald Trump announced tariffs on 14 countries.
The Sensex fell by 689.81 points (0.83%) to close at 82,500.47, while the Nifty 50 lost 205.40 points (0.81%) to end at 25,149.85.
Between July 5 and July 11, the Nifty 50 declined 1.22%, marking its 3rd consecutive week in the red. Despite starting the week with some stability, the index came under pressure due to weak earnings and deteriorating global cues, ultimately closing below the psychological 25,200 mark.
The Sensex too fell for the third straight week, slipping 1.12% on a weekly basis. Selling pressure remained broad-based, led by IT and Auto heavyweights. The market struggled to maintain momentum as macroeconomic uncertainties and tariff concerns deepened.
Despite broader weakness, defensive sectors like pharma and FMCG outperformed, supported by stable earnings and sectoral rotation.
Weak global cues, earnings disappointments, and profit booking in the broader markets dragged mid- and small-cap indices sharply lower.
Tata Consultancy Services (TCS) reported its Q1 FY26 earnings. While profit rose 6% YoY to ₹12,760 crore, revenue fell 3.1% YoY to ₹63,437 crore. Management cited weak macroeconomic demand and geopolitical headwinds as factors impacting top-line growth.
Adding to the caution, US President Donald Trump on Monday announced new tariffs on 14 nations, including key Asian trading partners. However, he noted that the US is "close to making a deal with India," providing a glimmer of hope amid rising protectionism.
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Markets closed the week deep in the red as tech earnings and global headwinds triggered broad-based selling. With benchmarks now in a 3 week losing streak, investors will closely track corporate earnings, global cues, and potential trade policy developments next week.
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Published on: Jul 11, 2025, 4:04 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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