INDIA STOCKS-Indian shares dip; benchmarks hit month-low as earnings, outflows weigh

Reuters
2025/07/25
INDIA STOCKS-Indian shares dip; benchmarks hit month-low as earnings, outflows weigh

Updates for market close

By Vivek Kumar M and Bharath Rajeswaran

July 25 (Reuters) - India's equity benchmarks ended at a one-month low on Friday, marking their longest weekly losing streak so far in 2025 as a broad sell-off driven by weak earnings, foreign outflows and global trade uncertainty dented investor sentiment.

The Nifty 50 .NSEI and the BSE Sensex .BSESN fell 0.5% and 0.4%, respectively, for the week dragged by a 0.9% drop on Friday to close at 24,837 points and 81,463.09 points, respectively. This was their fourth consecutive weekly decline.

Eleven of the 16 major sectors declined for the week, with information technology .NIFTYIT, oil and gas .NIFOILGAS and consumer goods .NIFTYFMCG topping sectoral losses.

The IT index slid 4.1%, dragged by lacklustre earnings. Infosys INFY.NS fell 4.4% amid concerns over weak client spending and tepid Q1 commentary.

The broader small-cap .NIFSMCP100 and mid-cap .NIFMDCP100 indexes logged weekly losses of 3.5% and 1.9%, respectively.

The FMCG index <.NIFTYFMCG> lost 3.4%, also pressured by disappointing results from Nestle India NEST.NS and Colgate Palmolive India COLG.NS.

Oil and gas .NIFOILGAS lost 3.5%, dragged by 5.7% drop in heavyweight Reliance Industries on concerns over softness in retail and oil-to-chemicals business.

Financials .NIFTYFIN defied the broader trend, rising about 1% for the week on robust quarterly earnings from HDFC Bank HDBK.NS and ICICI Bank ICBK.NS.

"Foreign investors remain uneasy about India's lofty valuations and the underwhelming earnings season hasn't helped," said Santosh Meena, head of research at Swastika Investmart. "The stalled U.S.-India trade deal only deepens market uncertainty."

Foreign investors have been sellers in India in nine of the previous 10 trading sessions.

Negotiations between India and the U.S. have been hampered by deadlock over tariff cuts, dimming hopes of an interim deal ahead of U.S. President Donald Trump's August 1 deadline.

Zomato-parent Eternal ETEA.NS posted its best week on record, rising 20.5% on strong quarterly results.

On the day, Bajaj Finance BJFN.NS slid 4.7% on asset quality concerns in the MSME segment, while Cipla CIPL.NS jumped 3% after a strong profit beat.

India's Nifty 50 logs joint longest weekly losing streak in nearly two years https://reut.rs/40Dr3GG

Weekly performance of India's key equity indexes https://reut.rs/4lHWIPx

Weekly performance of India's Nifty 50 constituents https://reut.rs/40B6vP7

(Reporting by Vivek Kumar M and Bharath Rajeswaran; Editing by Sumana Nandy,Sonia Cheema and Nivedita Bhattacharjee)

((VivekKumar.M@thomsonreuters.com;))

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