Nifty 50 Stumbles Below 25,100 Amid Tech Drag, Global Positivity Offers Limited Relief
On July 15, 2025, the Nifty 50 dropped 67.55 points to close at 25,082.30 as tech stocks like Infosys and TCS weighed on sentiment. Despite gains in Asian markets and positive US futures, the domestic market faced profit booking. A complete analysis with technical outlook.
Market Wrap – July 15, 2025
The Indian equity markets witnessed a turbulent session today as the benchmark Nifty 50 index closed lower at 25,082.30, losing 67.55 points (0.27%). Despite positive global cues, domestic indices failed to gain momentum, mainly due to weakness in heavyweight stocks.
As traders navigated through mixed global sentiment and key earnings anticipation, the market offered a classic battle between external optimism and internal sectoral drag.
Nifty 50 & Sectoral Technicals
The Nifty 50 traded in a narrow, cautious range with clear signs of profit booking and weak leadership from the tech sector.
Key Technical Levels:
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Closing: 25,082.30
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Intraday Range: 25,035 – 25,210
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Support Zone: 25,000–25,050
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Resistance Zone: 25,200–25,300
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Trend: Neutral-to-weak
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RSI (14): Around 52
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MACD: Slight bearish crossover
A close below the 5-day EMA now raises caution, especially if the index breaches the psychological 25,000 support. On the upside, a move past 25,300 could resume bullish sentiment.
Global Market Influence
While domestic stocks showed signs of fatigue, Asian markets performed well and US futures remained steady, offering some cushion.
Asian Market Performance:
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Nikkei (Japan): +0.20%
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Hang Seng (Hong Kong): +0.70%
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MSCI Asia-Pacific ex-Japan: +0.4% to 0.5%
US Futures Snapshot:
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S&P 500 Futures: Down 0.1%
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Dow Jones Futures: Flat to mildly weak
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Euro Stoxx & FTSE Futures: Marginally positive
Even as inflation cooled in India, rising global bond yields (from Japan and the US) restricted investor enthusiasm. Investors are also positioning ahead of the US CPI data, expected to provide cues on Fed policy.
Deep Dive: Top Nifty Constituents Performance & Technical View
Let’s examine the top 10 Nifty stocks by weightage, using Kotak's market data and recent price movements:
| Stock | Price (₹) | Change | % Change | Weight (%) | Key Insight |
|---|---|---|---|---|---|
| HDFC Bank | 1983.00 | -0.70 | -0.04% | 13.19% | Flat, consolidating |
| ICICI Bank | 1423.00 | +1.10 | +0.08% | 8.91% | Mildly positive |
| Reliance | 1483.70 | -11.50 | -0.77% | 8.79% | Below ₹1500, weak |
| Infosys | 1570.30 | -24.60 | -1.54% | 4.99% | Major drag |
| TCS | 3222.70 | -43.30 | -1.33% | 3.06% | Weak charts |
| L&T | 3495.90 | -44.70 | -1.26% | 3.73% | Profit booking |
| Bharti Airtel | 1920.90 | -1.00 | -0.05% | 4.74% | Range-bound |
| ITC | 419.40 | +2.60 | +0.62% | 3.35% | Defensive strength |
| Kotak Bank | ~1795.00 | Flat | ~0.00% | ~2.8% | Low volume day |
| Axis Bank | ~1100.00 | -0.4% | ~-0.36% | ~2.7% | Weak closing |
Stock-Specific Observations:
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Infosys & TCS: Massive intraday selloffs broke short-term supports. Both stocks contributed heavily to Nifty's decline.
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Reliance: Breached ₹1500 support. Consolidation is likely, but sentiment is weak.
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ICICI Bank: A Slight uptick helped cushion losses. One of the better-performing names.
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ITC: Continued to attract defensive inflows, bouncing from ₹415.
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L&T & Bharti Airtel: L&T faced selling pressure; Bharti stayed stable.
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Kotak & Axis Bank: Offered neither support nor resistance—traded within a tight range.
Market Sentiment Breakdown
Today’s market sentiment was shaped by three major forces:
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Tech Underperformance: The IT pack (Infosys, TCS) saw persistent selling pressure due to stretched valuations and profit-booking.
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Profit Booking: Post a sharp uptrend in June, key names like L&T and Reliance witnessed booking ahead of earnings.
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Muted Participation from Banks: Except for ICICI, other large private banks, including Kotak and Axis, were directionless.
Despite bullish global indicators, domestic flows weren’t strong enough to reverse the tide. Investors remain cautious ahead of US CPI and earnings.
What to Watch This Week
Domestic Catalysts:
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Corporate Earnings: Results from major IT, FMCG, and financials will be closely tracked.
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FII/DII Flow Activity: Directional bets expected post-US inflation data.
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Macro Data: Further updates on inflation, IIP, and monsoon trends.
Global Watchlist:
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US CPI Report: Due tonight; key input for Fed's rate path.
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China GDP Print: Later this week, it will influence EM flows.
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Bond Yields: Continued monitoring required; rising yields impact equity risk appetite.
Summary Table – Nifty & Key Stocks
| Index/Stock | Trend | Support | Resistance | Bias |
|---|---|---|---|---|
| Nifty 50 | Sideways | 25,000 | 25,300 | Cautious |
| Infosys | Bearish | 1550 | 1610 | Weak |
| TCS | Bearish | 3200 | 3270 | Weak |
| Reliance | Weak | 1450 | 1500 | Negative |
| ICICI Bank | Neutral | 1400 | 1430 | Resilient |
| ITC | Bullish | 415 | 425 | Strong |
| L&T | Weak | 3450 | 3550 | Negative |
| Kotak Bank | Neutral | 1770 | 1810 | Flat |
| Axis Bank | Weak | 1080 | 1120 | Mildly Bearish |
Author’s Note:
Today’s session highlighted a classic divergence — global markets were willing to support a rebound, but India’s sector-specific weaknesses dominated the mood.
The takeaway? Markets aren’t always about direction—they’re about leadership. And right now, leadership from the IT and infrastructure space is missing. But amid correction lies opportunity. Stocks like ITC and ICICI Bank are showing signs of underlying strength.
This is a good time to be patient, technical, and prepared. Sharp corrections can often lead to powerful rallies—but only when the fundamentals and global cues align.
Stay objective. Stay technical. Stay tuned.
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