Stock Markets Slip as IT Stocks Drag, FIIs Exit Ahead of US-India Talks 2025
Sensex and Nifty (Stock Market) closed lower on July 17, 2025, amid IT stock selloff, FII outflows, and cautious investor sentiment before US-India trade talks outcome.
📉 Stock Markets Close Lower on IT Sell-Off, Foreign Fund Outflows – July 17, 2025 Update
Mumbai:
On Thursday, July 17, 2025, benchmark indices Sensex and Nifty 50 ended in negative territory, weighed down by a sharp decline in IT stocks, subdued Q1 earnings, and ongoing foreign institutional investor (FII) outflows. Investors also stayed on the sidelines, awaiting the outcome of high-stakes US-India trade negotiations.(Stock Market)
The BSE Sensex dropped 375.24 points, or 0.45%, to 82,259.24, while the Nifty 50 declined 95.65 points, or 0.38%, to 25,116.40.
According to official data from BSE India and NSE India, the Sensex dropped 375.24 points to 82,259.24, and the Nifty 50 declined 95.65 points to 25,116.40.
🔻 Trending Today: Why Markets Slumped
The decline was primarily driven by:
- Heavy selling in IT and banking stocks
- Caution ahead of the US-India trade deal outcome
- Muted Q1 earnings from top IT players
- ₹1,858 crore worth of FII outflows
- Elevated valuations in large-cap stocks
According to Vinod Nair, Head of Research at Geojit Financial Services, “Investors adopted a wait-and-watch approach amid subdued Q1 earnings, particularly from IT and banking sectors. The ongoing uncertainty around the US-India trade deal and foreign outflows also contributed to the bearish mood.”(Stock Market)
📊 Market Performance Snapshot
| Index | Closing Level | Change | % Change |
|---|---|---|---|
| BSE Sensex | 82,259.24 | -375.24 | -0.45% |
| NSE Nifty 50 | 25,116.40 | -95.65 | -0.38% |
| Nifty IT | 35,843.65 | -2.12% | |
| Bank Nifty | 43,921.75 | -0.67% |
🧾 IT Stocks Under Pressure: Tech Mahindra Falls After Q1 Earnings
The IT sector saw broad-based selling, with Tech Mahindra leading the losers. Despite reporting a 34% YoY jump in consolidated net profit to ₹1,140.6 crore for Q1FY26, the company’s earnings failed to cheer the Street.(Stock Market)
Other IT laggards included:
- Infosys
- HCL Technologies
- Tata Consultancy Services (TCS)
- Eternal
- Larsen & Toubro (L&T)
🔍 Tech Mahindra Earnings at a Glance:
- Net profit: ₹1,140.6 crore (+34% YoY)
- Growth Drivers: Communications and BFSI verticals
- Investor Reaction: Stock fell nearly 3%
💸 FIIs Offload ₹1,858 Crore in Equities
According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth ₹1,858.15 crore on Wednesday, July 16, amid global market uncertainty and valuation concerns in Indian equities.
Domestic Institutional Investors (DIIs), however, were seen providing support through selective buying in FMCG, auto, and metals stocks.
📈 Gainers vs Laggards
🔺 Top Gainers (Sensex):
- Tata Steel
- Trent
- Titan
- Tata Motors
🔻 Top Laggards (Sensex):
- Tech Mahindra
- Infosys
- HCL Tech
- TCS
- Axis Bank
🌍 Global Market Cues
Asian markets gave mixed signals:
- South Korea’s Kospi: Ended higher
- Japan’s Nikkei 225: Inched up
- Shanghai SSE Composite: Closed positive
- Hong Kong’s Hang Seng: Declined
European markets opened on a positive note, following overnight gains on Wall Street, where U.S. indices closed higher on July 16, 2025.
🛢️ Crude Oil Prices Hold Steady
Brent crude, the global oil benchmark, was trading at $68.49 per barrel, down 0.06%, amid mixed signals on international demand.
🔗 Related Business Update: ULLU Launches UlluCoin – Enters Web3 Space
On the same day, OTT platform ULLU announced the launch of UlluCoin, a Web3 utility token aimed at transforming digital content engagement. The token, backed by Cypher Capital, will allow:
- Access to premium content
- In-app redemptions
- Creator rewards and fan benefits
ULLU has 42 million+ active users and plans to issue a total of 100 billion tokens via a new entity.
Read also: India’s OTT Growth 2025: Key Players, Strategy & Future Trends.
📌 Expert Opinion
“The Indian market is witnessing a rotation from growth-heavy sectors like IT to value-based plays in metals and FMCG. Much hinges on the upcoming US-India trade announcements, which could determine the near-term market direction.”
— Ravi Singh, Head of Research, Share India
❓ FAQs on July 17, 2025 Stock Market Decline
1. Why did Sensex and Nifty fall today (July 17, 2025)?
Markets declined due to heavy selling in IT stocks, foreign investor outflows, and investor caution ahead of the US-India trade deal outcome.(Stock Market)
2. What caused the IT sector to underperform today?
Subdued Q1 earnings from firms like Tech Mahindra and sector-wide profit booking led to a sharp fall in IT stocks.(Stock Market)
3. How much did FIIs sell today?
Foreign Institutional Investors sold Indian equities worth ₹1,858.15 crore on Wednesday, July 16.
4. Which stocks gained despite the broader market weakness?
Tata Steel, Trent, Titan, and Tata Motors were among the few gainers in today’s session.
5. What is UlluCoin, and why is it trending?
UlluCoin is a new blockchain-based token launched by OTT platform ULLU for fan engagement and premium content access, marking its entry into the Web3 space.(Stock Market)
📣 Call to Action
👉 Did today’s market surprise you?
Drop your thoughts in the comments below, share this article with fellow investors, and follow QuickNews.press for the latest updates on markets, business, and tech.
