Dalal Street extended its losing streak for the third consecutive session on July 14, as global tariff tensions and profit booking pressured equities across the board.<\/p>\n
After starting on a slightly positive note, markets quickly turned volatile, dragged lower by selling in heavyweight stocks and weak global cues. Investors grew nervous after U.S. President Donald Trump announced fresh 30% tariffs on goods from the European Union and Mexico, starting August 1, escalating global trade tensions once again.<\/p>\n
\nThe Nifty 50<\/a> dropped below 25,100, while the Sensex lost over 400 points in intraday trade.<\/p>\n<\/blockquote>\n
Profit Booking Dominates, Weak Earnings Add to Pressure<\/h2>\n
What began as mild gains in the morning quickly gave way to profit booking, as investors chose to offload positions and lock in gains amid uncertain macro signals.<\/p>\n
Adding to the pressure was the growing expectation of a weak earnings season, particularly for the June quarter. While a few heavyweight Nifty 50 companies are set to report results this week, analysts expect the momentum to pick up only in the second half of FY26.<\/p>\n
\nTraders are wary of soft earnings and lack of a U.S.-India mini-trade deal, which has further soured sentiment.<\/p>\n<\/blockquote>\n
Sector Watch: IT Drags, PSU Banks Shine<\/h2>\n
On the sectoral front, the performance was mixed:<\/p>\n
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Nifty IT index was the biggest loser, tumbling over 1.3% after disappointing earnings from TCS weighed heavily on tech stocks.<\/p>\n<\/li>\n
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