Indian markets ended sharply lower on Tuesday, July 14, as escalating West Asia tensions, a spike in crude oil prices, and a weaker rupee weighed on investor sentiment.
The Sensex fell 562 points to close at 77,055, while the Nifty declined 159 points to end at 24,052. Market breadth remained weak throughout the session, with the NSE advance-decline ratio at 1:2, and 34 Nifty constituents ending in the red.
Key Highlights
- Sensex fell 562 points to 77,055, and Nifty dropped 159 points to 24,052 on July 14.
- HCLTech was the top Nifty loser, falling over 4% after mixed Q1 earnings results.
Top Losers
HCLTech was the top Nifty loser, dropping over 4% after reporting a mixed set of Q1 earnings. Auto stocks, including Tata Motors and Bajaj Auto, declined as higher crude prices weighed on the sector, while aviation and paint companies also came under pressure, with IndiGo falling around 2%. Life insurers such as ICICI Prudential Life and HDFC Life ended lower ahead of their quarterly results.
Also Read: Sensex and Nifty Recover to End Flat Despite Oil Price Surge
Pharma and Select IT Stocks Buck the Trend
Defensive buying was visible in pharma and select IT stocks, with Sun Pharma and TCS among the top Nifty gainers. Biocon surged 7% after Mylan exited its 5.6% stake through a block deal, while CONCOR gained over 6% following its Q1 business update. MCX rose 4%, Kalyan Jewellers extended its rally with another 4% gain, and Landmark Cars jumped 15% on strong sales growth.
