New Delhi, July 18 -- The Indian stock market ended another session in the red, dragged down by a sharp sell-off in large-cap private banking stocks. Axis Bank led the decline after posting weaker-than-expected Q1 results, triggering a broader sell-off across the sector.
The pressure on banking heavyweights, coupled with continued weakness among PSU stocks, led the Nifty 50 to lose 0.56%, settling below 25,000 at 24,968 points, while the S&P BSE Sensex closed the session with a drop of 0.61% at 81,757. Both indices finished the week lower, losing up to 0.90%, which is a third losing week for the indices.
Investors had hoped for a turnaround in earnings by Indian Inc. in Q1FY26, but the initial set of results has been largely muted, leav...
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