Dear Trader…
Markets started the week on a volatile note and extended their recent decline, ending nearly half a percent lower. After an initial dip, the Nifty future attempted to stabilize in early trade, but sustained pressure from heavyweight stocks dragged the index down as the session progressed. A rebound after retesting the 25,000 mark helped trim some of the losses, and the index eventually settled at 25,167 level, down 0.22%.
On the sectoral front, the IT pack remained under pressure, while profit-taking in banking and financial majors also weighed on overall sentiment. In contrast, realty, pharma, and energy sectors showed resilience and closed in the green.
Looking ahead, markets will react to the Q1 results of IT heavyweight HCL Technologies in early trade on Tuesday, which will be crucial for gauging sentiment in the IT space following the recent disappointment from TCS. Additionally, investors remain watchful of developments related to tariffs and their potential impact on global markets. Amid this mixed environment, we continue to see selective opportunities across sectors. Hence, participants should maintain a focus on stock selection and risk management.
Nifty futures opened at 25234 points against the previous close of 25223 and opened at a low of 25076 points. Nifty Future closed with an average movement of 158 points and a decline of around 55 points and 25167 points…!!
On the NSE, the midcap 100 index will rise 0.70% and smallcap 100 index is closing rise 1.02%. Speaking of various sectoral indices only IT, Financial Services, Private Bank and Oil &Gas stocks were seen selling on the NSE, while all other sectoral indices closed higher.
At the start of intra-day trading, August gold opened at Rs.97967, fell from a high of Rs.98450 points to a low of Rs.97750 with a decline of 22 points, a trend of around Rs.97796 and September Silver opened at Rs.1,13,542, fell from a high of Rs.1,15,136 points to a low of Rs.1,13,505 with a rise of 681 points, a trend of around Rs.1,13,682.
on the macro front, the wholesale inflation (WPI) turned negative in Jun’25, easing to 14-month low of -0.13% from 0.39% in May. Market participants now await the release of retail inflation (CPI) data later today. Key Q1 results on Tuesday include HDFC Life Insurance, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, HDB Financial Services amongst others.
We expect the market to remain in consolidation phase, awaiting updates on the India-US trade deal; while stock-specific action could be seen on the back of quarterly earnings announcements.
The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read and agree Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in
