Nifty Plunges Below 25,700: TCS, HCLTech Results Crucial for Market Direction

• Nifty fell for the fifth consecutive session, closing at 25,683, marking its sharpest weekly fall since September 2025.
• The sell-off wiped out ₹15 lakh crore in market capitalization, with HDFC Bank experiencing its worst weekly fall since January 2024.
• Asian Paints, ONGC, and HCL Tech were among the few gainers, while Adani Enterprise, NTPC, and Adani Port were top laggards.
• IT and PSU Banks showed resilience, but Realty, Auto, and Consumer Durables indices suffered significant losses.
• Upcoming quarterly results from TCS, HCL Technologies, and Reliance Industries are expected to influence market sentiment.

Why It Matters: Nifty's significant decline and upcoming Q3 results from IT giants will dictate market trends.