Indian Stock Market Today July 8, 2025: Banking and IT Lead Recovery as Sensex Rises Above 83700

Published On: 08/07/20251.7 min read

Indian stock market today delivered a resilient performance despite fresh trade tariff worries from the US. Major indices rebounded late in the session, led by robust buying in banking and IT stocks. Sensex ended up 270.01 points (+0.32%) at 83,712.51 and Nifty 50 closed 61.20 points higher (+0.24%) at 25,522.50. While there was early caution, buyers returned strongly in the final hour. Broader market sentiment remained mixed with large caps leading gains, while small and midcaps faced mild selling pressure.

Sector Performance Highlights
Banking sector outperformed with private banks leading buyers. Kotak Mahindra Bank surged 3.4% and Nifty Private Bank Index gained 0.5%.

IT stocks performed well, bolstered by Infosys and Tech Mahindra gains. Nifty IT Index rose approximately 0.3% to 1%.

Auto sector traded flat to negative due to global economic concerns and chip shortages, softening demand.

Pharma sector lagged with Nifty Pharma Index declining following earlier rally.

Top 5 Gainers
Kotak Mahindra Bank +3.4%
Eternal +2.8%
Asian Paints +2.1%
Infosys +1.7%
SBI +1.4%

Top 5 Losers
Titan -6.0%
Bharti Airtel -2.3%
TCS -1.8%
Reliance -1.5%
Tata Steel -1.1%

FII/DII Net Flows
Foreign Institutional Investors (FII) continued as net buyers, attracted by large-cap value, while Domestic Institutional Investors (DII) showed slight net selling taking profits post recent rallies. Exact net flow numbers for July 8, 2025 are not available; refer to SEBI or major exchanges for detailed figures.

Key Macro-Economic & Global Drivers
Fresh 25%-40% US tariffs on 14 countries caused initial volatility but India-US trade talks continue with next deadline August 1. Rupee strengthened to 85.77/$ on weak US dollar and softer crude prices. Indian 10-year bond yields softened, reflecting confidence in local macro stability. Upcoming Q1FY26 earnings season is awaited, focusing on banks and IT. Despite global headwinds, local sentiment remains bullish for large-caps with caution on small and midcaps.

What to Watch Next
Monitor US-India trade talks concluding August 1 for progress. Watch Q1FY26 earnings season start with banks and IT outlooks shaping market mood. RBI policy statements could indicate monetary policy direction. Expect continued sector rotation favoring large caps in banking and IT, with defensive sectors like pharma lagging near-term. Keep an eye on IPO pipeline updates at nextipoindia.com.

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