Financials lead Indian shares lower after Axis Bank's weak Q1

LTM

18/07/2025 07:45

** Nifty 50 .NSEI and Sensex .BSESN fall ~0.7% each, led by losses in financials after Axis Bank's AXBK.NS weaker-than-expected quarterly profit

** Eleven of 13 major sectoral indexes decline; financials .NIFTYFIN drop 1%, private banks .NIFPVTBNK down 1.4%

** Axis Bank AXBK.NS sheds 4.3%; analysts flag higher credit costs, margin pressure, asset quality concerns

** HDFC Bank HDBK.NS, ICICI Bank ICBK.NS slip 0.9% and 0.7%, respectively, ahead of results on Saturday

** Reliance RELI.NS dips 0.4% ahead of results later today

** Broader small-cap .NIFSMCP100, mid-cap .NIFMDCP100 indexes lose 0.5% each

** LTIMindtree LTIM.NS falls 1.6% after revenue miss; Wipro WIPR.NS bucks the trend, rising 2.2% on earnings beat

** NSEI, BSESN set for third straight weekly loss, down nearly 0.9% each for the week

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))