The equity markets showed early strength on July 10 but couldn’t sustain gains. The drag from IT heavyweights like Infosys, Wipro, and TCS offset rallies in auto, realty, and FMCG.
Here’s your crisp Vizzve breakdown.
🔻 Market at Close – July 10, 2025
| Index | Closing | Change | % Change |
|---|---|---|---|
| Nifty 50 | 23,490 | -14 pts | -0.06% |
| Sensex | 77,620 | -59 pts | -0.08% |
| Bank Nifty | 51,200 | +0.12% | +61 pts |
📉 IT Index down 1.2%, erasing most early market optimism.
💻 What Dragged IT Stocks?
🔹 Earnings Caution:
Infosys and TCS are scheduled to report earnings this week. Analysts project tepid growth due to slower global tech spending and wage cost pressures.
🔹 US Macro Signals:
Nasdaq tech selloff and rising US bond yields are triggering risk-off sentiment in Indian IT stocks.
🔹 Forex Volatility:
Rupee’s short-term gain vs USD hurt dollar-revenue firms like Wipro and HCL Tech.
🔍 Vizzve Tip: Avoid short-term trades in IT till earnings clarity emerges.
📈 Sectoral Performance – Mixed Moves
| Sector | Movement | Key Gainers |
|---|---|---|
| Auto | +1.1% | Tata Motors, M&M |
| FMCG | +0.9% | HUL, Dabur |
| Realty | +1.3% | DLF, Godrej Prop |
| IT | -1.2% | Infosys, Wipro fall |
| Pharma | -0.4% | Cipla dips on USFDA |
🔍 Stock Highlights – July 10, 2025
✅ Gainers
Tata Motors (+2.3%): Strong SUV sales in June
DLF (+3.1%): Robust pre-sales reported in quarterly update
HUL (+1.5%): Rising rural demand optimism
❌ Losers
Infosys (-1.8%): Pre-result downgrades by global brokerages
Paytm (-3.2%): Regulatory overhang continues
Cipla (-2.5%): USFDA inspection triggers caution
💡 Vizzve Strategy Insight
🟩 Short-Term Outlook:
Stay cautious on IT until Q1 earnings confirm margin direction
Consider sector rotation into Auto, Capital Goods, and FMCG
🟥 Risks to Watch:
Global bond yields rising again
Weak guidance from US tech majors (affecting Indian IT export outlook)
Rupee appreciation dragging dollar-linked earnings
❓ FAQs – IT Drag on Markets | Vizzve
Q1. Why are IT stocks underperforming now?
Slower global demand, margin concerns, and forex risks ahead of earnings season.
Q2. Should I exit my long-term IT positions?
No need to panic. Hold fundamentally strong IT names. Avoid fresh entry till Q1 results are out.
Q3. Which sectors are gaining momentum?
Auto, Realty, and FMCG are showing strong volume and demand-led gains.
Q4. What’s a good hedging strategy now?
Use sectoral ETFs or index options to balance tech exposure.
📢 Final Word from Vizzve
The Indian equity market remains sectorally polarized — while auto and realty ride demand trends, IT is weighed down by global headwinds.
🎯 Vizzve suggests: Stay diversified, stay disciplined. Use data, not emotions.
Published on : 10th July
Published by : SMITA
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