July 16, 2025: The Indian stock market opened on a mixed note on Tuesday, with sectoral performance showing clear divergence as investors reacted to varied cues from global and domestic fronts.
The Nifty Auto index came under early pressure, primarily dragged down by sharp declines in heavyweight stocks such as Exide Industries, Mahindra & Mahindra (M&M), and Ashok Leyland. The weakness in these key automobile stocks reflected cautious sentiment amid concerns over slowing demand and supply chain uncertainties in the sector.
Other indices like Nifty Metal and Financial Services also registered mild losses, adding to the subdued mood in the market. Metal stocks faced selling pressure due to lower commodity prices and weak global cues, while financial services were weighed down by selective profit-booking.
Among the broader Sensex components, M&M, Tata Motors, Tata Steel, and ICICI Bank were among the notable losers. M&M and Tata Motors were hit particularly hard as investors assessed the outlook for domestic vehicle sales amid rising input costs.
On the positive side, stocks like Trent, Tech Mahindra, HDFC Bank, Adani Ports, and Infosys managed to hold ground and opened with modest gains. Tech Mahindra and Infosys gained traction on optimism around IT sector exports and steady deal wins. HDFC Bank and Adani Ports saw support due to strong fundamentals and healthy earnings outlook.
Market experts advise investors to watch for further sector-specific developments as earnings season progresses and global macro factors continue to influence risk appetite.
The Sensex showed resilience despite early pressures, underlining the mixed sentiment prevailing among traders and long-term investors.