New Delhi, July 14 -- After recording a second straight weekly loss, the Indian stock market benchmarks - the Sensex and Nifty 50 - opened with cuts on Monday, July 14. Weak global cues amid trade war jitters and concerns around earnings season, which kicked off last week with IT behemoth Tata Consultancy Services (TCS), kept investors on edge.

IT stocks were among the biggest losers in trade today, hurt by TCS' Q1 performance and as the US tariff impact continued to weigh on demand.

Nifty closed below the 20-day SMA of 25,265 and breached the key support level of 25,200 last week, raising the risk of further downside toward 24,750-24,500, brokerage ICICI Securities said.

A decisive close above the 20-day SMA, however, could shift sent...