Today's Stock Market News: The Sensex falls by 90 points, landing at 82,544; Ixigo skyrockets by 11%
The Indian stock market opened cautiously on July 17, 2025, with key indices like the Nifty 50 trading around the 25,205 to 25,212 levels, showing minor losses in early trade. Amidst this backdrop, Tech Mahindra, a prominent IT firm, announced its Q1 FY26 earnings, which presented a mixed picture.
Tech Mahindra reported a net profit of ₹1,141 crores for the first quarter, a slight decrease of 2.23% compared to the previous quarter but representing a year-over-year (YoY) increase of about 34%. The revenue from operations increased by approximately 2.7% YoY to ₹13,351 crores, though it saw a slight decrease of 0.25% compared to the previous quarter. The company also reported significant new deal wins worth $809 million, marking a 51% YoY growth.
The initial reaction to Tech Mahindra's earnings could potentially be mixed due to the slight quarterly decline in profit and revenue. However, the substantial YoY growth and the increase in deal wins might have supported the stock's overall performance. Specific stock price movements immediately following the earnings announcement are not detailed in the available information, but generally, strong YoY growth and deal wins tend to have a positive impact on investor sentiment and stock prices.
Investors, who are currently focusing on quality stocks and sectors with strong fundamentals, will closely monitor Tech Mahindra's stock performance in the coming days. The current week is crucial for corporate earnings, with companies like Axis Bank, Wipro, Jio Financial Services, LTI Mindtree, Indian Hotels, and HDFC Asset Management set to announce results.
The market's overall direction is influenced by various factors, including the Federal Reserve policy signals and updates on interest rates, India-US trade negotiations, quarterly results from key companies, global equity trends, especially in the US and Asia. The GIFT Nifty, a global indicator of Indian equities, trades around 25,265 to 25,271, showing a small premium over Nifty 50.
Despite the cautious investor mood due to uncertain global market conditions and the US Federal Reserve's policy outlook, the Indian stock market remains a long-term favorite among emerging markets due to stable macro indicators and policy reforms. On the other hand, global fund managers remain cautious about Indian equities due to high valuations and limited upside in benchmark indices.
In the broader context, the Indian market is likely to stay in a narrow range unless major global or domestic events trigger movement. The domestic volatility index (India VIX) drops by around 2 percent, showing that fear levels in the market are under control. Until then, market participants prefer selective stock picking rather than taking large bets. Volatility may rise again if foreign portfolio investors change their stance or if geopolitical tensions flare up.
Silver prices have spiked past ₹1.14 lakh per kilogram, with some analysts predicting it may cross ₹1.4 to ₹2 lakh/kg in coming quarters if global demand and investment interest remain strong.
The Bank of America survey places India as the fourth most preferred equity market in Asia among global fund managers, reflecting the market's potential for growth despite the current challenges. Meanwhile, mid-cap and small-cap stocks perform better than large-cap names, with investors focusing on sectors with strong fundamentals, such as renewable energy stocks.
Ixigo (Le Travenues Technology) jumps over 11 percent to a 52-week high after strong quarterly profits, providing a positive counterpoint to Tech Mahindra's earnings. As the earnings season unfolds, the impact of these results on the Indian stock market will become more apparent.
Investors' focus on Tech Mahindra's stock performance may impact the stock's price in the coming days, given its Q1 FY26 earnings report featuring a slight quarterly decline but a substantial year-over-year growth. The mixed picture presented by Tech Mahindra could influence the overall sentiment in the finance sector, particularly in the stock-market.
When making investment decisions, investors often consider various indicators such as company earnings, deal wins, and market trends. The strong YoY growth and the increase in deal wins highlighted in Tech Mahindra's report might have a positive influence on investor sentiment and subsequently, stock prices.
