Indian equity markets faced downward pressure on July 11, 2025, as weak earnings from Tata Consultancy Services (TCS) and ongoing U.S. tariff concerns weighed on investor sentiment. The Nifty 50 index fell 0.3% to 25,300 points, while the BSE Sensex dropped 300 points to 83,200, with IT stocks leading the decline. TCS, India’s top software-services exporter, reported a quarterly revenue shortfall, causing its shares to slide 2% and dragging peers like Infosys, Wipro, and LTIMindtree down by 1-4%. Posts on X noted the broader IT sector index dropping 1%, reflecting cautious client spending amid U.S. tariff uncertainties.
Despite the downturn, some sectors showed resilience. Consumer goods stocks, led by Hindustan Unilever’s 2% gain, rose 0.8%, buoyed by strong quarterly performance. Pharma stocks also advanced, with Glenmark Pharma jumping 10% after a cancer drug licensing deal. Power financiers like REC and Power Finance Corp gained 1.5-2.8%, supported by positive analyst coverage citing India’s energy transition. However, metals faced pressure, with Hindalco slipping 1% due to lower copper prices linked to U.S. tariff threats.
Market sentiment remains cautious as investors monitor U.S.-India trade talks, with a potential deal expected by July 9 failing to materialize, leading to a weaker rupee at 85.90 against the dollar. Analysts suggest that while steady fund inflows may provide some support, the Nifty needs stronger earnings to break above 25,500, with IT sector challenges and global trade dynamics continuing to influence market trends.
Published in SouthAsianDesk, July 11th, 2025
Follow SouthAsianDesk on X, Instagram and Facebook for insights on business and current affairs from across South Asia.
