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Sensex Closes Flat; Titan, HCL Tech, Sun Pharma See Sharp Declines
The Indian stock market trades cautiously at the time of writing. This occurred after global developments sparked concern among investors. US President Donald Trump’s announcement on new tariff rates for several countries creates pressure in global markets. Indian investors now focus on the potential India–US trade agreement, which could help prevent higher tariffs on Indian exports to the United States.
Benchmark Indices Stay Flat
The BSE Sensex closes at 83,471.12, up by just 28 points, or 0.03%. The Nifty 50 ends at 25,452.7, slightly down by 9 points, or 0.03%. This reflects a lack of clear direction in the market. Investors remain cautious as they await more clarity on trade policy and other global cues.
Top Gainers and Losers
Among the Sensex stocks, Titan emerges as the biggest loser, falling more than 5%. The stock drops sharply after missing earnings expectations and facing weak demand in the consumer segment.
Other major laggards include HCL Technologies, Sun Pharma, Bharti Airtel, Mahindra & Mahindra, Tata Consultancy Services, Axis Bank, Hindustan Unilever, and Tech Mahindra. These companies see selling pressure amid cautious sentiment and weak global signals.
On the other hand, Kotak Mahindra Bank becomes the top gainer, rising by 4% after strong quarterly results and positive outlook from brokerage firms. The bank leads gains in the financial sector.
Other gainers include Eternal, Bharat Electronics, Tata Motors, Adani Ports, NTPC, Ultratech Cement, and Asian Paints. These stocks support the market and limit losses in the benchmark indices.
Broader Market Trends
In the broader markets, performance remains weak. The Nifty MidCap index falls by 0.65%, while the Nifty SmallCap index declines by 0.77%. This shows that mid- and small-cap stocks underperform compared to large-cap names. Investors avoid taking aggressive positions in smaller stocks due to global uncertainties.
Sector Performance
Sectoral indices show a mixed picture. The Nifty Bank and Nifty Private Bank indices record gains, supported mainly by the rally in Kotak Bank. Strong financial results and buying interest in select banking names help lift the sector.
In contrast, most other sectors end in the red. The Nifty Auto, Nifty Pharma, and Nifty Media indices fall by over 1% each. Auto stocks face concerns over rising input costs and weak demand in rural areas. Pharma stocks witness profit booking after recent gains, and media stocks correct amid low advertising growth projections.
The Nifty Consumer Durables index sees the steepest fall, losing 2%. Stocks in this sector face pressure due to weak consumer sentiment and concerns over rising inflation affecting spending.
IPO Market Update
The IPO market remains active today, with several listings attracting attention from retail and institutional investors.
The Travel Food Services IPO enters its second day of subscription in the mainboard category. Investors continue to show interest in this company, which operates food and beverage outlets in airports across India and Southeast Asia.
In the SME space, Cryogenic OGS IPO and Happy Square Outsourcing IPO reach the final stage of allotment today. Investors await allotment results to know if they have secured shares in these fast-growing businesses.
The Meta Infotech IPO closes for subscription today. This technology firm has received a decent response, and attention now turns to allotment and listing timelines.
Two other SME IPOs—Smarten Power Systems and Chemkart India—move into the second day of their subscription window. Both companies operate in high-demand sectors and attract investor interest for their long-term potential.
In addition, GLEN Industries' IPO opens for subscription today. The company manufactures industrial components and has plans for expansion with the funds raised. Market observers are watching closely to see how this IPO performs.
Global Impact and Investor Sentiment
Markets across the world react to the announcement of new US tariffs. The move by the US government adds pressure on international trade and raises concerns about a possible slowdown in global commerce.
In India, traders and fund managers are now focused on the outcome of discussions between India and the US. A trade agreement could soften the impact of tariffs and protect Indian exports, particularly in textiles, pharmaceuticals, and engineering goods.
Rising global oil prices and currency fluctuations also remain in focus. The Indian rupee shows minor weakness against the US dollar, reflecting cautious sentiment in global currency markets.
Future Outlook
On Tuesday, July 8, 2025, Indian stock markets end the day flat. The Sensex inches up slightly while the Nifty dips marginally. The performance reflects the cautious mood in the market after the announcement of new tariffs by the US government.
Kotak Mahindra Bank supports the indices with strong gains, but losses in stocks like Titan, HCL Tech, and Sun Pharma weigh on sentiment. Broader markets underperform, and most sectoral indices end in the red.