Mid-Day Market Update 18 July 2025: Nifty Dips Below 25,000 | Axis Bank Q1 Miss Weighs on Financials
By CapitalKeeper | Mid Day | Indian Equities | Market Moves That Matter
Indian stock markets turn red by mid-day on 18 July 2025. Nifty drops below 25,000, Sensex sheds over 400 points. Axis Bank’s weak Q1 results drag financials. Check sector trends, live index levels, and global market cues.
📊 Index Snapshot (Mid‑Day, July 18)
- Nifty 50: Opened 25,108.55, now 24,971.10 (−137.45 pts; −0.55%)
- Bank Nifty: Opened 56,524.24, now 56,327.65 (−196.59 pts; −0.35%)
- Sensex: Opened 82,193.62, now 81,764.69 (−428.93 pts; −0.52%)
- Fin Nifty: Opened 26,694.00, now 26,596.20 (−97.80 pts; −0.37%)
Markets are sharply in the red, with financials leading losses amid weak earnings and global uncertainty.
🔍 Sector Rundown & Movers
🏦 Financials
- Financials underperforming: Axis Bank is down 4% after a surprise quarterly profit miss, dragging Bank Nifty and Fin Nifty lower.
- State-owned lenders showing wider downside, weighing on broader sentiment.
🧑💻 Information Technology
- Modestly weaker, tracking Asia’s cautious tone. No fresh triggers, but correlations with the rupee persist.
🛒 Consumer & Retail
- Select retailers like Shoppers Stop are holding ground post improved Q1 results, though gains are offset by broader weakness.
🛢️ Metals & Energy
- Mildly negative, dragged by dollar strength and soft crude prices.
🏠 Mid & Small Caps
- Broader market weakness is creeping into mid- and small-caps as FPIs remain cautious.
📈 Technical Analysis
- Nifty dropped below 25,000, now testing key support zone of 24,900–24,950. A breakdown risks retesting 24,800.
- Bank Nifty is probing 56,300 support; failure there could expose 56,000 next.
- Fin Nifty tracking banking softness; watch 26,500 as a pivotal level.
🌍 Global & Macro Cues
- Rupee–Nifty correlation tightens: The rupee’s movement is increasingly impacting equities—30-day correlation at 0.66 amid muted FPI turnover.
- Rupee rebounds: After breaching ₹86, it briefly eased back near ₹86.00 as dollar rally paused.
- Persistent FII outflows: Net equity outflows ($121m) and marginal bond purchases continue, weighing on markets.
- Global trade and Fed risks: U.S. tariff stance and mixed Fed commentary remain headwinds; Asia markets trading cautiously.
🔔 Intraday Watchlist
- Axis Bank & PSU banks: Monitor for Q1 follow-through; earnings-driven volatility may persist.
- Rupee: A renewed breach above 86.10 could amplify selling pressure.
- Retail/Consumer names: Watch Shoppers Stop and others for relative strength possible safe-haven picks.
- Global yields/dollar: U.S. data or Fed talk could shape near-term direction in Asia.
✅ Mid‑Day Snapshot
Markets are in risk-off mode, with financials sharply lower on Axis Bank’s earnings and global macro fear. While the rupee’s correlation with equities adds complexity, any recovery in FX or trade news could provide relief. Key levels to watch: Nifty 24,900 and Bank Nifty 56,300. Until then, market action remains defensive
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