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Indian stock markets began Friday’s session on a muted note as investors digested June quarter (Q1FY26) results
Sensex Today
Sensex Today: Indian stock markets extended losses as investors digested the June quarter (Q1FY26) earnings from Axis Bank, Wipro, and LTIMindtree. Sentiment was also weighed down by reports suggesting that the US may impose a 10–15% tariff on Indian goods under the ongoing India-US trade deal discussions.
At 11:00 AM, the BSE Sensex was down 516 points, or 0.63%, at 81,743.42, while the Nifty50 declined 152 points, or 0.16%, to trade at 24,961.
Axis Bank emerged as the top drag on both benchmarks, falling 5% after its disappointing quarterly performance. Other major laggards included Kotak Bank, Bharti Airtel, BEL, and Tech Mahindra.
On the flip side, Tata Steel, Bajaj Finance, and Infosys managed to stay in the green, offering some cushion to the indices.
Broader markets also remained under pressure, with the Nifty MidCap and SmallCap indices down 0.63% and 0.7%, respectively.
Across sectors, selling was broad-based. The Nifty Metal index was the only sectoral gainer, up a marginal 0.01%, while the Nifty Private Bank index slipped 1%.
Global Markets: Wall Street Extends Gains, Asia Mixed
Global cues remain broadly supportive. On Wall Street, all major indices ended higher after upbeat economic data and robust earnings lifted investor confidence. US retail sales rose by 0.6% month-on-month in June 2025, exceeding expectations of just 0.1% and breaking a two-month decline. Weekly jobless claims also dropped by 7,000 to 221,000—marking the lowest level since April—contrary to forecasts of a rise to 235,000.
This optimism was reflected in US equity markets, where the S&P 500 climbed 0.54% to 6,297.36, the Dow Jones rose 0.52% to 44,484.49, and the Nasdaq Composite added 0.7% to 20,885.65.
In Asia, markets offered mixed cues. The ASX 200 in Australia rose 0.69%, touching a new record high. However, Japan’s Nikkei slipped 0.20% while the broader Topix index remained flat with a slightly negative bias. South Korea’s Kospi also declined by 0.4%.
Japan Inflation in Focus
Japan’s inflation data released today showed signs of easing, which could impact the Bank of Japan’s monetary stance. Core inflation dropped to 3.3% in June from 3.7% in May, in line with market expectations. Headline inflation also cooled to 3.3%. Interestingly, the BOJ’s preferred core-core inflation measure—which excludes volatile food and energy prices—rose slightly to 3.4% from 3.3%, signaling that underlying price pressures still persist.
Overall, with mixed regional cues and a data-heavy day ahead, the markets may see a cautious start, with stock-specific action dominating due to Q1 results announcements.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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