Indian Market Edges Up Amid Sector Divergence

By Mandar in Indian Market Insights —

Market Summary: Indian Equity Market Close

The Indian equity market concluded the day with a marginal increase. The Sensex closed at 80,623.26, up 79.27 points (0.10%), while the Nifty 50 stabilized around 24,600. This recovery occurred in the last hour of trading after initial volatility prompted by global tariff news.

Key Highlights:

  • Sensex and Nifty 50: Both indices recovered from early losses, bolstered by late purchasing. However, the market remains watchful due to global tariff concerns.
  • Sector Performance:
    • Information Technology, Media, Realty, Pharma, and FMCG sectors saw declines of 1-2%.
    • PSU Banks increased modestly by 0.6%.
    • Large caps like Asian Paints, HDFC Life, Trent, Adani Ports, and Bharat Electronics experienced gains.
  • Nifty Next 50 and Midcap 150:
    • Nifty Next 50 declined by about 0.87%, closing near 66,181, with significant losses observed in stocks like Bosch (-5.76%).
    • Nifty Midcap 150 was down 0.54%.
  • Banking Index: Nifty Bank closed relatively flat to slightly positive, gaining approximately 0.09% to 55,411.15. This suggests mixed investor sentiment in financial stocks.
  • Technical Levels:
    • Nifty 50 remains near the 24,600 support zone.
    • Bearish pressure could test levels around 24,200 if selling intensifies.
    • Bank Nifty's support is indicated near 55,000; a break below this could invite further declines.

In conclusion, today's session reflected cautious trading due to global economic uncertainty. Large caps and PSU banking stocks provided support, while mid and small caps continued to face selling pressure. Market participants should closely monitor key support levels for future directional cues.