The BSE Sensex closed at 82,259.24, falling by 375.24 points or 0.45%. The NSE Nifty on the other hand settled at 25,111.45, down by 100.6 points, or 0.4%.
The broader markets saw the Nifty MidCap index decline by 0.27%. The Nifty SmallCap index dropped by 0.18%.
Volatility remained moderate, with the India VIX dipping 0.27% to 11.21. This suggests that while investors were cautious, there wasn’t overwhelming panic in the market.
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Impact on the stock market
Sectoral indices performance
Today’s trading session saw a mixed performance across various sectors, with defensive and consumption-oriented sectors faring better, while rate-sensitive sectors such as IT, PSU Banks, and Private Banks faced selling pressure.
- Nifty Realty gained 1.12%, followed by Pharma (up 0.67%) and FMCG (up 0.55%).
- Consumer Durables and Energy also posted modest gains.
- On the flip side, IT stocks fell by 0.84%, while PSU Banks slipped 0.75%.
- Private Banks, Nifty Bank, and Infrastructure indices also ended in the red.
| Sector/Index | Performance |
| IT & BPM sector | -1.39% |
| Healthcare sector | 0.18% |
| Oil & Gas sector | -0.20% |
| Real estate sector | 1.24% |
| PSU Bank in India | -0.79% |
Top gainers today
| Company | Price (in ₹) | Change % |
| TATA Cons. Prod Share Price | 1,104.90 | 2.16 |
| Tata Steel Share Price | 159.96 | 1.67 |
| Hindalco Share Price | 672.00 | 0.79 |
| Trent Share Price | 5,415.00 | 0.61 |
| Hero Motocorp Share Price | 4,448.00 | 0.53 |
Top losers today
| Company | Price (in ₹) | Change % |
| Tech Mahindra Share Price | 1,563.70 | -2.75 |
| IndusInd Bank Share Price | 865.10 | -1.67 |
| Infosys Share Price | 1,583.50 | -1.52 |
| SBI Life Insura Share Price | 1,802.80 | -1.44 |
| HCL Tech Share Price | 1,543.90 | -1.21 |
Market aftermath: Impact on stocks
Kinetic Engineering: Strong 20% rise
One standout performer today was Kinetic Engineering, whose stock surged by an impressive 20%, reaching ₹351.75. This jump brings the stock closer to its all-time high of ₹380, which it achieved back in June 1996. Kinetic Engineering’s strong performance comes after its announcement in May 2025 that it granted a brand license to its subsidiary, Kinetic Watts and Volts (KWV), to venture into the electric vehicle (EV) segment.
The stock has surged 35% over the past week and is up by 146% from its 52-week low in January 2025. This significant rise highlights investor optimism around the company’s push into the rapidly growing EV sector. Kinetic Engineering’s move into EV components and battery manufacturing under the brand “Range X” is expected to further fuel growth, making the stock one to watch.
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Angel One: Shares rise despite profit slump
Angel One, a capital markets player, posted a steep 61% year-on-year drop in net profit for the June 2025 quarter, which fell to ₹114.4 crore. Despite this, Angel One’s shares gained traction, rising on the back of a positive outlook from investors, who have been bullish on the stock for the past year. Over the past 12 months, Angel One shares have gained around 27%, demonstrating investor confidence even amid a challenging period.
Revenue from operations for the quarter came in at ₹1,140 crore, reflecting a 19% drop compared to the same period last year. Operating performance weakened, with EBITDA falling 41.7% and margins shrinking. Despite these challenges, the company’s shares held up well today, likely buoyed by an uptick in trading volumes.
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Newgen Software: 6% drop on weak Q1 results
Newgen Software, a provider of software solutions, saw its shares tumble by nearly 6% today after it reported a 54% sequential decline in net profit for Q1 FY26. The company’s net profit for the quarter was ₹49.72 crore, down from ₹108 crore in the previous quarter. While the year-on-year profit showed a slight increase, the sharp decline compared to the previous quarter caused concern among investors. The company’s shares took a hit as a result, highlighting how earnings results can significantly impact stock prices.
Crude oil: Prices edge higher
Crude oil futures saw slight gains on 17th July, following a decline in US crude oil inventories. As of 9:58 AM, September Brent oil futures were trading at $68.75, up by 0.34%, and August WTI crude futures were at $66.73, up by 0.53%. This was driven by official data from the US, which showed a decline in commercial crude oil inventories by 3.9 million barrels for the week ending 11th July.
Despite this positive news, there were increases in product inventory levels, particularly in gasoline and distillate fuel. However, the ongoing trade negotiations between the US and India, as well as global geopolitical developments, continue to influence oil prices. US President Trump’s comments about a potential trade deal with India added further support to the commodity, which has become increasingly tied to international trade relations.
Conclusion
Today’s market performance was a tale of cautious optimism. While the broader indices ended lower, sectors like Realty, Pharma, and FMCG showed strength. Stocks like Kinetic Engineering, Angel One, and HDFC AMC made notable moves, with Kinetic Engineering’s surge standing out due to its venture into the EV space. On the other hand, companies like Newgen Software and Tech Mahindra faced pressure due to disappointing earnings results.
The market remains volatile, and investor sentiment is highly sensitive to both domestic earnings and global trade developments. As we move forward, traders and investors alike will need to stay informed, especially on earnings reports and global geopolitical developments that continue to impact market movement.
For more stock market insights, check out the StockGro blog.
