FPJ News Service mumbai

Though investors shrugged off the reciprocal tariff worries on Thursday, fresh foreign fund outflows and subdued quarterly earnings dented the overall market sentiment.

The 30-share BSE Sensex dropped 375.24 points to settle at 82,259.24. During the day, it fell by 415.21 points to 82,219.27. The 50-share NSE Nifty closed lower by 100.60 points to 25,111.45. “Key indices closed marginally lower as investors exercised caution amid subdued Q1 earnings announcements, particularly in the technology and banking sectors. Market participants remained sidelined due to elevated valuations of large-cap stocks and FII outflows owing to the uncertainty regarding the US-India trade deal; however, any positive developments could amplify market sentiment.

“Despite the muted trend, strong domestic liquidity and selective buying in realty and consumption theme stocks helped to limit the downside, keeping the broader market in a range-bound phase. The domestic macro fundamentals, like GDP growth and the stable inflationary trend, remain supportive in the medium to long-term,” Vinod Nair, head of research at Geojit Investments, said.

Tech Mahindra lost nearly 3% after its June quarter earnings failed to cheer investors. IT services firm Tech Mahindra reported a nearly 34% y-o-y increase in consolidated net profit to Rs 1,140.6 crore for the quarter ending June 30, 2025, on the back of growth in communications and financial services verticals.

Infosys, HCL Tech, Eternal, Larsen & Toubro, Tata Consultancy Services and Axis Bank were also among the laggards. However, Tata Steel, Trent, Titan and Tata Motors were among the top gainers.