Indian Market ends lower: IT stocks weigh on Sensex, Nifty
The Indian stock market closed lower on Thursday, July 10, 2025, as the Sensex declined by 346 points and the Nifty 50 slipped by 0.47%. The weakness in the market was largely attributed to the decline in IT stocks, with Coforge and Infosys being among the top losers. Airtel and Asian Paints also declined, while midcaps showed weakness too.
The Sensex, which is a benchmark index of the Indian stock market, closed at 51,321.61, down 346 points or 0.67% from the previous day’s close. The Nifty 50, which is a broader index of 50 stocks, closed at 15,523.15, down 0.47% or 73.15 points from the previous day’s close.
The decline in the market was led by the IT sector, which saw significant losses. Coforge, which is a leading IT services company, declined by 4.24% to close at ₹2,346.95. Infosys, another major IT services company, declined by 3.51% to close at ₹1,431.95.
Airtel, which is a leading telecom company, also declined by 2.26% to close at ₹427.50. Asian Paints, which is a leading paint company, declined by 2.14% to close at ₹2,541.95.
Midcaps also showed weakness, with many stocks declining. The midcap index, which is a benchmark index of mid-cap stocks, declined by 1.15% or 225.15 points to close at 22,441.35.
The decline in the market was also led by the decline in the rupee, which fell to a new low against the US dollar. The rupee closed at 76.92 against the US dollar, down 0.54% from the previous day’s close.
The decline in the market was also attributed to the uncertainty over potential US tariffs and global trade tensions. The US has imposed tariffs on some Indian goods, and there is a possibility of further tariffs being imposed.
Despite the decline in the market, some stocks showed strength. Tata Steel, which is a leading steel company, rose by 2.14% to close at ₹444.95. HDFC Bank, which is a leading private sector bank, rose by 1.51% to close at ₹1,511.95.
Overall, the decline in the market was largely attributed to the decline in IT stocks and the uncertainty over potential US tariffs and global trade tensions. The market is expected to remain cautious in the short term, but long-term investors may find opportunities in the market.
