Global Jitters, Local Winners: Indian Midcaps Defy the Downturn

Image Source: Moneycontrol

Indian equity markets faced significant pressure by midday on July 14, 2025, as escalating global trade tensions and cautious domestic cues weighed on investor confidence. Both the Sensex and Nifty extended their losing streak, with broad-based selling across sectors, though select midcap and smallcap stocks bucked the trend.

Key Highlights

Sensex dropped over 400 points, trading near 82,110, while Nifty hovered around 25,030, down nearly 120 points
The Nifty Midcap and Smallcap indices outperformed, gaining up to 0.87 percent, reflecting selective buying in broader markets
Persistent foreign institutional investor (FII) outflows continued, with July witnessing net selling after three months of inflows

Sectoral Movements

IT and Banking stocks led the decline, with names like Infosys, Tech Mahindra, Bajaj Finance, and Bharti Airtel falling up to 2 percent
PSU Banks emerged as a bright spot, with Canara Bank, Union Bank, and Bank of Baroda posting gains of up to 3 percent
Pharma and FMCG sectors showed resilience, with Sun Pharma and Eternal among the top Nifty gainers
Auto, Metal, oil & gas, and capital goods sectors remained under pressure, mirroring the overall market weakness

Stock-Specific Actions

Ola Electric surged over 14 percent on robust Q1 results, despite reporting wider losses year-on-year
Ashiana Housing jumped nearly 4 percent after a strong business update, highlighting a 35 percent increase in area booked
Smarten Power Systems debuted with a 44 percent premium, hitting the upper circuit soon after listing
Laxmi Dental and Chemkart India also saw positive moves following favorable reports and listings

Global Market Snapshot

International markets mirrored the cautious tone, with the Dow Jones down 0.63 percent and Nasdaq slipping 0.22 percent as of the latest session
US equity futures dropped after President Trump announced a 30 percent tariff on EU and Mexican imports, effective August 1, intensifying global trade worries
European and Asian indices traded flat to lower, while the S&P 500, despite a recent dip, remains up 6.4 percent for the year
Investors globally are eyeing upcoming inflation data and the start of the US earnings season for further direction

Broader Cues

Domestic focus remains on June inflation data and the trajectory of FII flows, with valuations and global volatility influencing sentiment
The Nifty Put-Call Ratio at 0.55 signals a bearish undertone, while DII buying offers some support

Sources: Business Standard, Moneycontrol, The Hindu Business Line, CNBC, Bloomberg, Reuters, Fortune India, 5paisa, Angel One, Times of India