Nifty Indices Slips - July 2 Sees Broad Market Weakness, Financials Under Fire
By Shishta Dutta | Updated at: Oct 17, 2025 01:46 PM IST
Mumbai, Jul 2, 2025 (11:44 am IST) – At the start of July, Indian equity benchmarks were cautious. The Nifty 50 was around 25,484.90, the Bank Nifty was down almost 0.5% at 57,166 by 11:44 am IST, and the Nifty Next 50 was down around 68,705.90. The IT and auto sectors both had little increases (IT up 1.4%), but the banking sector dragged down the overall market because stocks including HDFC Bank, Reliance, SBI Card, and IndusInd Bank fell. There were around 1,490 stocks that went up and down in the market.
This drop happened even though there was hope for a possible trade deal between the U.S. and India, which helped make up for some losses in certain sectors early on. The Nifty is still sitting just below resistance at 25,669, with support at 25,437. The drop in financials, which was the third straight session of weakness, shows that investors are being careful ahead of the impending quarterly earnings.
Benchmark Snapshot as of 11:00 IST
| Index | Level | Change (Pts) | Change (%) | 1M Change (%) | 1Y Change (%) |
|---|---|---|---|---|---|
| Nifty 50 | 25,492.40 | -49.40 | -0.19% | +3.20% | +5.80% |
| Nifty Next 50 | 68,633.10 | -297.10 | -0.43% | +3.25% | -4.53% |
| Nifty Bank | 57,244.20 | -215.25 | -0.37% | +3.07% | +9.29% |
| Nifty Fin Services | 27,000.45 | -123.75 | -0.46% | +2.36% | +14.78% |
| Nifty IT | 38,890.00 | +56.85 | +0.15% | +4.05% | +5.33% |
Market Breadth (NSE, as of 11:00 IST)
- Advancing stocks: 2,606
- Declining stocks: 5,399
- Unchanged: 30
The broader market remained under pressure, with most midcap and smallcap indices trading lower.
| Index | Level | Change (%) | 1M Change (%) | 1Y Change (%) |
|---|---|---|---|---|
| Nifty Midcap 100 | 59,589.05 | -0.27% | +4.06% | +6.14% |
| Nifty Smallcap 100 | 18,954.40 | -0.53% | +6.56% | +2.48% |
| Nifty 500 | 23,553.05 | -0.26% | +3.57% | +3.91% |
| Nifty Microcap 250 | 24,100.40 | -0.47% | +3.10% | +2.70% |
Sectoral Performance
As of 11:00 IST, sectoral indices showed a mixed trend:
- Gainers:
- Nifty IT: +0.15%
- Nifty Auto: +0.15%
- Nifty Metal: +0.14%
- Laggards:
- Nifty Financial Services Ex-Bank: -0.90%
- Nifty PSU Bank: -0.52%
- Nifty Media: -0.59%
- Nifty FMCG: -0.24%
Volatility Update
The India VIX rose marginally by 0.41% to 12.58, suggesting continued market caution but no immediate panic.
Outlook
While benchmark indices continue to hover near record highs, today’s slight correction signals profit-booking in overbought pockets. Investors remain watchful ahead of macroeconomic releases, including the Services PMI and the RBI’s monetary policy stance later this month.
Stay tuned for the closing bell update at 15:30 IST.
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
