Markets extend losses IT drags ahead of TCS Q1 results

The Indian benchmark indices traded lower on Thursday,as IT stocks weighed on sentiment, offsetting gains in financials, while investors awaited cues on a US trade deal and TCS’s earnings release.At close, the Sensex was down 345.80 points or 0.41 percent at 83,190.28, and the Nifty was down 120.85 points or 0.47 percent at 25,355.25. About 1919 shares advanced, 1947 shares declined, and 140 shares unchanged.
IndusInd Bank, Maruti Suzuki, Tata Steel, Bajaj Finance, Bajaj Finserv were top gainers on the Nifty, while losers included  
Bharti Airtel, HDFC Life, Asian Paints, Apollo Hospitals, Shriram Finance.On the sectoral front,except metal, realty, all other indices ended lower with pharma, telecom, IT, PSU Bank, FMCG down 0.5 percent each.Nifty Midcap and smallcap indices shed 0.3 percent each.
Rupee Close: 
On 10 July'25,the Indian rupee ended marginally higher to close at 85.64 against the US dollar on Thursday,as the US-India trade talks made modest progress, with tariff deadline extensions on select Indian exports offering short-term relief.Forex traders said rupee traded in a volatile but narrow range as market participants stayed on the sidelines, waiting for clarity on the US-India interim trade deal.
Trading Guide:
Market experts recommended three shares to buy on Thursday Vascon Engineers, Ujjivan Small Finance Bank, and BL Kashyap.

(Business Correspondent)