Indian equity markets remained under pressure, with the Nifty extending its losing streak for the fifth consecutive session, closing at its lowest level since June 5, 2024. Weak global cues, declining liquidity, and persistent selling pressure weighed on sentiment.
📈 Top Gainers
🔹 Happiest Minds Technologies Ltd. (HAPPSTMNDS) 💻
Happiest Minds surged 6.17% to ₹714.00, recovering from recent weakness. Strong buying interest lifted the stock to an intraday high of ₹735.00.
🔹 Data Patterns (India) Ltd. (DATAPATTNS) 🛰️
Data Patterns gained 4.92% to close at ₹1,630.00, reflecting continued optimism in the defense and aerospace sector.
🔹 Varun Beverages Ltd. (VBL) 🥤
VBL climbed 4.57% to ₹499.50, supported by strong demand and positive industry outlook.
📉 Top Losers
🔻 Vijaya Diagnostic Centre Ltd. (VIJAYA) 🏥
Vijaya Diagnostic dropped 7.04% to ₹924.10, as profit booking erased previous gains.
🔻 National Aluminium Company Ltd. (NATIONALUM) ⚒️
National Aluminium fell 5.93% to ₹189.10, tracking weakness in the global metal markets.
🔻 Rajesh Exports Ltd. (RAJESHEXPO) 💎
Rajesh Exports declined 5.70% to ₹174.60, amid sectoral weakness.
📊 Market Overview
The Nifty 50 closed 242 points lower (-1.06%) at 22,553, slipping below the key 22,700 level, signaling weak sentiment and technical breakdowns.
• NSE cash market volumes were 16% lower than the previous session, marking the lowest turnover since January 1, 2025.
• Broader markets declined, with the Nifty Midcap 100 falling 0.94% and the Nifty Smallcap 100 dropping 1.02%. However, both indices recovered nearly 1% from their intraday lows.
• Market breadth remained weak, with the advance-decline ratio at 0.44, indicating a dominance of declining stocks.
📉 Sectoral Performance
✔ Gaining Sectors:
• Nifty FMCG (+0.36%)
• Nifty Auto (+0.22%)
• Nifty Pharma (+0.02%)
❌ Losing Sectors:
• Nifty IT (-2.71%)
• Nifty Metal (-2.17%)
• Nifty Financial Services (-0.89%)
The IT sector faced strong selling pressure, while metal stocks continued to underperform amid global economic concerns.
🌎 Global Economic Outlook & Key Events
India & Domestic Outlook
• Nifty remains in a downtrend, with its previous support zone (22,700-22,800) now acting as resistance.
• Mid and small-cap stocks continue to see selective buying, indicating pockets of strength despite market volatility.
Global Trends
• US markets remain volatile, with investors awaiting further clarity on Federal Reserve policy and inflation outlook.
• S&P Global Ratings highlighted that India remains less impacted by proposed US tariffs, thanks to strong domestic demand.
• PMI data releases from India, the US, Europe, and China will be closely watched for economic growth signals.
• Germany’s upcoming elections could have implications for European markets and investor sentiment.
📊 Market Volatility & Trends
• India VIX dropped to 14.44, indicating some cooling in volatility.
• Nifty Midcap 150 fell 0.95% to 18,503.90, while Nifty Smallcap 250 lost 1.21% to 14,506.45.
🔍 Key Takeaways
• Markets remain under pressure, but selective buying in mid and small-cap stocks continues.
• Sector rotation is evident, with FMCG, Auto, and Pharma outperforming, while IT and Metals face selling pressure.
• Watch our YouTube video for a deeper technical and fundamental analysis of market trends.
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