Midday Report- Markets under pressure. Sensex down 500 points

The benchmark indices were trading lower on July 18, after Axis Bank posted disappointing June quarter results. The continued foreign fund outflows and also led the markets to trade lower. Frontline indices down up to 1%, Nifty below 25,000 for the first time since June 24, 2025. Except media, all other sectoral indices are trading in the red. BSE Midcap and smallcap indices were also down. At 1 pm, Sensex slipped by 0.65% or 532 points to 81,729. The Nifty dipped by 0.59% or 147 points to 24,971.

Global News-

Asia-Pacific traded mixed after Wall Street gains on the back of strong US economic data reports and a slew of better-than-expected corporate earnings.