Market Dips Amid Earnings and Trade Concerns

By Mandar in Indian Market Insights —

Indian Stock Market Decline on July 28, 2025

On July 28, 2025, the Indian stock market experienced a slight downturn.

  • The Nifty 50 fell by 0.16%, closing at 24,798.9.
  • The BSE Sensex decreased by 0.2%, reaching 81,325.4.

Market Sentiment and Notable Stocks

  • The market sentiment leaned towards caution due to weak earnings reports and ongoing trade negotiations.

Key Stock Performance:

  • Kotak Mahindra Bank:
    • Shares saw a significant drop of 7%.
    • This decline followed a 48% year-on-year decrease in standalone net profit for the June quarter, which stood at ?3,282 crore.
  • Tata Consultancy Services (TCS):
    • The stock price fell by 1.6%.
    • This drop was triggered by the announcement of plans to reduce the workforce by 2% in FY2026.

Technical Analysis

The technical analysis provided insights into the market's current state and potential future movements.

  • Nifty 50:
    • The index closed below the 50-day exponential moving average (EMA) at 24,950, suggesting a bearish trend.
    • Immediate support was identified at 24,700.
    • Resistance was noted at 25,000.
  • Bank Nifty:
    • The index was testing the 50-day EMA at 56,000.
    • A decisive close below this level could signal further downward movement.
    • Support was observed at 55,850.