IEX Hits Lower Circuit, IT Stocks Slide, Tata Consumer Rises on Strong Q1
Written by - Fisdom Research
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July 24, 2025
2 minutes
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Market Snapshot
Benchmark indices Sensex and Nifty declined over 0.6% on July 24, erasing gains from the previous session.
The market witnessed broad-based selling pressure across most sectors.
However, buying in pharma and PSU bank stocks helped cushion the overall losses.
On the sectoral front, PSU Bank index gained 1.2%, while Pharma index rose 0.5%.
In contrast, the IT index fell over 2%, while Realty and FMCG indices dropped 1% each, leading the market decline.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PSU BANK
1.2
NIFTY METAL
0.0
NIFTY HEALTHCARE INDEX
0.7
NIFTY CONSUMER DURABLES
0.0
NIFTY PHARMA
0.6
NIFTY MEDIA
-0.2
NIFTY AUTO
0.0
NIFTY PRIVATE BANK
-0.6
Top News
Indian Energy Exchange (IEX) hit the lower circuit on July 24 after reports of CERC approving market coupling for the Day-Ahead Market (DAM), set to be implemented by January 2026.
Nifty IT index fell nearly 2%, dragged by sharp 9% declines in Persistent Systems and Coforge, while Infosys also slipped 1%, contributing significantly to the index’s fall due to its high weightage.
Tata Consumer Products gained up to 2% after posting a 15% YoY rise in Q1 FY26 net profit to ₹334 crore, with brokerages like Nomura and Morgan Stanley maintaining a bullish outlook
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
ETERNAL
3.4
NESTLEIND
-5.6
DRREDDY
1.7
TRENT
-3.9
TATAMOTORS
1.6
TECHM
-3.3
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