Indian stock markets closed in the red on Wednesday, July 9, 2025, as investors turned cautious ahead of the Q1 earnings season. The BSE Sensex fell 426 points, ending at 78,941, while the NSE Nifty dropped 112 points to 23,984, dragged down primarily by IT and oil & gas stocks.

Investor sentiment was dampened by mixed global cues, weak U.S. market performance overnight, and renewed concerns over interest rate paths in major economies. Heavyweights like TCS, Infosys, Reliance Industries, and HCL Tech registered notable losses.

Market participants are now closely eyeing the upcoming earnings reports to assess corporate performance and gauge the future trajectory of key sectors. Analysts say volatility may persist in the near term as global uncertainties and oil price fluctuations continue to weigh on sentiment.

In contrast, select banking and FMCG stocks provided some support, limiting deeper losses. Broader markets also saw selling pressure, with the midcap and smallcap indices ending lower.