Nifty 50 Market Outlook: Top 10 Stock Movers, Global Cues, and Technical Insights

Explore the latest Nifty 50 performance, top 10 stock decliners, global market cues, and detailed technical analysis for July 18, 2025. Understand how Indian and international trends shape your trading strategy.

Nifty 50 Under Pressure Despite Strong Global Signals

The Indian equity market remained subdued on July 16, 2025, as the Nifty 50 closed at 25111.45, losing 100.60 points or 0.40. Despite strong overnight momentum from the US and encouraging signals from Asia on July 18, profit booking, valuation concerns, and sectoral underperformance dragged the index lower.

This drop was largely due to broad-based selling across heavyweights, particularly in banking, IT, and energy sectors, which together command over half of the index's weight.

Top 10 Nifty 50 Stocks – Closing Summary (17 July 2025)

Stock	Price	Change	Weightage
HDFC Bank	1986.90	Down 9.40	13.19
ICICI Bank	1418.70	Down 7.70	8.91
Reliance	1476.40	Down 9.20	8.79
Infosys	1583.50	Down 24.40	4.99
Bharti Airtel	1929.90	Down 6.70	4.74
Larsen and Toubro	3474.00	Down 29.80	3.73
ITC	423.95	Down 0.65	3.35
TCS	3209.20	Down 23.90	3.06
Axis Bank	1159.80	Down 8.60	2.97
Kotak Bank	2170.80	Down 8.60	2.75

All 10 stocks closed lower, confirming broad-based profit booking. The heaviest drags came from Infosys, L and T, and TCS, reflecting weakness in both IT and infrastructure sectors, while banking stocks continued to underperform.

Global Market Sentiment: Optimism Intact

US Market Closing – 17 July 2025

Wall Street ended in the green amid encouraging quarterly earnings, strong job data, and easing recession fears:

Dow Jones closed at 44484.49, up 229.71 points
S and P 500 settled at 6297.36, gaining 33.66 points
Nasdaq climbed to 20885.65, adding 155.16 points
Russell 2000 rose to 2253.68, up 26.70 points
Volatility Index fell to 16.52
Canadian S and P TSX surged 233.96 points

US Futures – Morning of 18 July

Dow Futures up 122.4 points to 44607.5
S and P 500 Futures up 14.9 points to 6312.4
Nasdaq Futures up 40 points to 23118.0
VIX Futures down to 19.23

Overall outlook remains positive with the continuation of bullish momentum in US markets.

Asia-Pacific Opening – 18 July 2025

Asian markets opened mixed, supported by Wall Street gains.

Gainers:

Hang Seng up 248.05 points to 24747.00
ASX 200 Australia up 94.30 points to 8733.30
China A50 up 71.53 points
Shanghai Composite up 16.65 points
SZSE Component up 48.74 points
PSEi Philippines up 16.19 points

Decliners:

Nikkei 225 Japan down 113.69 points
KOSPI South Korea down 10.89 points

GIFT Nifty:

Trading 10 points higher, indicating a flat to slightly positive start for Indian markets.

Nifty 50 Technical Analysis – 18 July 2025

Trend: Sideways consolidation
Current Range: 24950 to 25350
50-Day Moving Average: Near 25000
RSI: 49, indicating neutral momentum
MACD: Still in negative crossover

Key Levels:

Resistance: 25350 and 25520
Support: 24950 and 24800

Unless Nifty moves decisively above 25350, upward movement could be limited. A break below 24950 may lead to further correction.

Technical Snapshot of Top 10 Stocks

Stock	RSI	Trend	Technical Outlook
HDFC Bank	43	Weak	Support at 1970; bias remains weak
ICICI Bank	45	Weakening	Below 1440, remains bearish
Reliance	46	Negative	Below 1500, the trend stays negative
Infosys	47	Sideways	Needs to break 1600 for strength
Bharti Airtel	48	Neutral	Support at 1920; resistance 1950
Larsen and Toubro	44	Weak	Risk of dip towards 3420
ITC	50	Stable	Holding 420 is essential
TCS	41	Bearish	Resistance at 3260; may test 3150
Axis Bank	42	Bearish	Support at 1140 crucial
Kotak Bank	45	Weak	Range bound between 2140 and 2200

Market Sentiment Summary

Despite positive global cues, Indian equities are underperforming due to:

Foreign institutional investor outflows
Domestic valuation pressures
Lack of leadership in IT and banking sectors

However, resilience in global markets and flat-to-positive GIFT Nifty indicate there’s room for recovery if buying interest revives.

What Should Traders and Investors Focus On

Intraday traders should wait for a breakout above 25350 or look for support at 24950
Positional traders may consider dips near 24950 with caution
Investors should monitor upcoming earnings in IT and banking
Sectors like FMCG and midcaps could gain attention in rotational plays

Author’s Note

The market is at a decision point. Global signals are encouraging, but domestic challenges remain. In these uncertain phases, it’s important to stay disciplined, follow key technical levels, and base your actions on sound research rather than emotions.

— Awdhesh Kumar Dube
Founder, Financial and Tech Literacy Blog
www.financialtechguide.com

The Financial And Tech Literacy