NIFTY IT and NIFTY MIDCAP LIQUID 15 Slip Over 1% as Market Sentiment Turns Cautious
By Shishta Dutta | Published at: Jul 24, 2025 10:59 AM IST
Mumbai, July 24, 2025: The NIFTY IT and NIFTY MIDCAP LIQUID 15 indices opened on a weak note Thursday morning, declining by 1.3% and 1.25%, respectively, amid cautious market sentiment. By 09:55 IST, both indices were under significant selling pressure, with widespread declines across major constituents contributing to the drag.
Index Performance Snapshot
The NIFTY IT index declined by 1.30%, closing at 36,472.45, with an intraday range of 36,458.65 to 36,974.05. The index remains significantly off its 52-week high of 46,088.90 but well above its low of 30,918.95. Similarly, the NIFTY MIDCAP LIQ 15 index ended the day at 15,408.95, falling by 195.15 points or 1.25%, and traded between 15,396.55 and 15,569.40. Despite the day’s dip, it stays closer to its 52-week peak of 15,919.50, compared to the low of 11,541.70.
Breadth & Sentiment
As of the latest update, the NIFTY IT index saw a bearish trend with 8 out of 10 stocks declining, reflecting continued pressure on the tech sector amid global concerns over IT spending and earnings outlook. Meanwhile, the NIFTY MIDCAP LIQUID 15 index showed mixed sentiment — 8 stocks declined while 7 advanced, indicating stock-specific action driven by quarterly earnings and sectoral rotation. The broader market mood remains cautious, with investors closely tracking Q1FY26 results and global economic cues.
- NIFTY IT: 8 stocks declined, 2 advanced.
- NIFTY MIDCAP LIQUID 15: 8 stocks declined, 7 advanced.
Top Movers: NIFTY IT
| Stock | Last Price (₹) | Change (₹) | Change (%) |
|---|---|---|---|
| PERSISTENT | 5,194.00 | -411.50 | -7.34% |
| COFORGE | 1,741.90 | -107.80 | -5.83% |
| MPHASIS | 2,688.50 | -47.90 | -1.75% |
| OFSS | 8,962.50 | +183.50 | +2.09% |
| WIPRO | 262.80 | +1.40 | +0.54% |
Persistent Systems and Coforge led the sectoral drag, tumbling over 5% each. OFSS and Wipro stood out as the only gainers in the pack.
Top Movers: NIFTY MIDCAP LIQUID 15
| Stock | Last Price (₹) | Change (₹) | Change (%) |
|---|---|---|---|
| POLICYBZR | 1,776.20 | -44.50 | -2.44% |
| HDFCAMC | 5,569.00 | -30.00 | -0.54% |
| DIXON | 16,752.00 | +196.00 | +1.18% |
| ASHOKLEY | 125.00 | +0.40 | +0.32% |
| INDUSTOWER | 406.35 | +1.10 | +0.27% |
Among midcap liquid stocks, PB Fintech (Policybazaar) and HDFC AMC witnessed selling pressure, while Dixon Technologies and Ashok Leyland posted modest gains.
Market Context
At 09:54 IST, the broader NIFTY 50 index was down 0.19%, trading at 25,172.80. Weakness across IT and select midcap counters weighed on overall market sentiment. Trading volumes remained steady, with NIFTY IT recording ₹2,378 crore and NIFTY MIDCAP LIQUID 15 at ₹1,598 crore in turnover.
12-Month Trend Comparison
| Index | 1-Year % Change | 30-Day % Change |
|---|---|---|
| NIFTY IT | -7.72% | -3.81% |
| NIFTY MIDCAP LIQ 15 | +18.89% | +0.82% |
While NIFTY IT has underperformed over the past year, NIFTY MIDCAP LIQUID 15 continues to outperform on a 12-month basis, supported by gains in financials, electronics, and infrastructure themes.
REF:
https://www.nseindia.com/market-data/live-equity-market?symbol=NIFTY IT
https://www.nseindia.com/market-data/live-equity-market?symbol=NIFTY MIDCAP LIQUID 15
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