17 July 2025, 08:53 India: Stocks Trade in the Red.
The BSE Sensex dropped 193 points to 82,441 in early deals on Thursday, reversing from an almost flat performance in the previous session. Losses in technology, banking, and financial sectors weighed heavily on the index. Investor sentiment remained cautious amid global uncertainty, driven by speculation that US President Donald Trump might remove Federal Reserve Chair Jerome Powell, despite Trump’s denial of any immediate plans. Additional caution came from ongoing US-India trade negotiations. Traders also awaited a series of key corporate earnings, with Axis Bank, Wipro, LTIMindtree, and Jio Financial Services set to report their quarterly results later today. Among individual movers, ICICI Bank fell 1.0%, Infosys dropped 0.8%, Asian Paints declined 0.5%, and IndusInd Bank slipped 0.4%. Tech Mahindra plunged 1.7%, despite reporting a 34% increase in consolidated net profit.
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