Sensex Slips 176 Points, Nifty 50 Closes Below 25,500 Amid Tariff Uncertainty, Q1 Jitters

Stock Market Today: Equity benchmark indices closed slightly in the red on July 9, 2025, as investors stayed cautious ahead of the Q1 earnings season and uncertainty over the India-US trade deal. The overall sentiment remained subdued, keeping benchmark indices under pressure through the session.

The Sensex closed 176.43 points, or 0.21 per cent, lower at 83,536.08 and the Nifty 50 slipped 46.40 points, or 0.18 per cent, to settle at 25,476.10.

The broader market indices ended on a mixed note. The Nifty Smallcap 100 index gained 0.59 per cent, while the Nifty Midcap 100 slipped 0.13 per cent. The Nifty 500, which represents more than 90 per cent of the free-float market cap of all the stocks listed on the National Stock Exchange (NSE) closed flat, with a negative bias of 0.06 per cent. The Nifty Microcap 250, which covers the top 250 stocks beyond the Nifty 500 constituents, settled higher by 0.49 per cent.

Sectoral performance was a mixed bag. The Nifty FMCG index led the gainers, rising 0.80 per cent. The Nifty Auto also inched up 0.38 per cent, while the Nifty Pharma ended slightly in the green, up 0.19 per cent, despite US President Donald Trump’s threat of up to 200 per cent tariff on the sector.

On the other hand, Nifty IT cclosed down by 0.78 per cent, as global cues turned weak. Nifty Metal slipped 1.40 per cent, and Nifty Realty fell 1.49 per cent, emerging as the biggest sectoral losers. Nifty Oil & Gas index too closed 1.25 per cent lower.

Sensex, Nifty 50: Top Gainers And Losers

Among the 30 stocks within Sensex, Bajaj Finance, Hindustan Unilever, UltraTech Cement, Mahindra & Mahindra (M&M), Power Grid, Asian Paints and ITC led the gains, rising between 0.50 per cent and 1.50 per cent. On the other hand, HCL Technologies, Tata Steel, Tech Mahindra, Reliance industries, Bharat Electronics, Larsen & Toubro, and ICICI Bank were the top losers of the day, falling in the range 0.70-2.03 per cent.

From the Nifty 50 pack, Shriram Finance, Bajaj Finance, Coal India, Hindustan Unilever, UltraTech Cement, Power Grid, and Hero MotoCorp were the biggest gainers, while HCL Technologies, Hindalco, Tata Steel, Apollo Hospitals, Tech Mahindra, and Dr Reddy's Laboratories emerged as the biggest drags.

Key Stock market Cues To Watch Tomorrow

Q1 FY26 Earnings: Tata Consultancy Services is set to report its first quarterly (Q1) results for the current fiscal year (FY26) on July 10, marking the beginning of the Q1 earnings season.

Indian Renewable Energy Development Agency (IREDA), and Tata Elxsi are also among the major companies scheduled to report their Q1 earnings tomorrow.

India-US Trade Deal: India and the US are likely to announce a mini trade deal soon. On July 7, 2025, Trump had said both countries are “close to signing a trade deal.”

His comments came after the US imposed new tariffs of 25–40 per cent on imports from 14 countries, including Japan, South Korea, Malaysia, Thailand, and Bangladesh.

He also warned that any retaliation would lead to even sharper US tariffs on these countries. Investors will be keeping a close eye on any developments in this space.