Markets closed lower today as IT and PSU bank stocks fell sharply, overshadowing gains in realty and metals. Here’s what moved the Nifty and what investors should focus on next.
It was a see-saw kind of day for the Indian stock market today (July 10, 2025), with bulls and bears pulling in opposite directions. While some sectors like real estate and metals held strong, others—especially IT and PSU banks—came under pressure, ultimately dragging the Nifty into the red.
IT, Banks Under Pressure
Let’s start with the trouble spots.
IT stocks took a beating ahead of TCS’s Q1 earnings, which are due soon. Investors are clearly feeling nervous about how margins and order books will shape up, especially with global tech spending still uncertain. TCS, Infosys, and Wipro were all deep in the red.
Meanwhile, PSU banks, which had seen solid gains in the past few weeks, finally faced some profit booking. Stocks like SBI and PNB gave up ground, adding to the drag on the index.
Bright Spots: Realty & Metals
But it wasn’t all bad news
Realty stocks were a breath of fresh air. Developers like Godrej Properties and Oberoi Realty rallied on the back of strong sales numbers and new launches. With housing demand staying firm, the real estate pack stood tall.
Metal stocks also saw good traction. Names like Tata Steel and JSW Steel gained, helped by positive signals from China’s infrastructure sector and a general uptick in global commodity demand.
Market Snapshot
Here’s how the day wrapped up:
- Nifty 50 closed down around 25,350, slipping 0.41%
- Sensex dropped about 346 points
- Top Gainers: Tata Steel, Oberoi Realty, JSW Steel
- Top Losers: TCS, Infosys, SBI, Wipro
What to Watch Going Forward
Now, everyone’s attention is turning to the TCS Q1 results. If the numbers disappoint, it could set a negative tone for the rest of the earnings season.
At the same time, global cues—like U.S. inflation data—could also move our markets. So there’s a lot to keep an eye on.
For investors, this might be a good time to stay selective. Realty and metals are showing resilience, and those could be the pockets where opportunity lies—at least in the near term.
Final Thought
The market might be in a tug-of-war, but sector rotation is real. When one part of the market stumbles, another often steps up. Staying nimble and tuned in can make all the difference.
