logo
Stock Market Updates: Sensex Starts On A Flat Note, Nifty Below 25,000; Axis Bank Dips 2%

Stock Market Updates: Sensex Starts On A Flat Note, Nifty Below 25,000; Axis Bank Dips 2%

News187 days ago
Last Updated:
The benchmark indices, Sensex and Nifty, are likely to see movement today, driven by multiple factors, including the release of Q1 earnings
Sensex Today: The benchmark indices, Sensex and Nifty, are likely to see movement today, driven by multiple factors, including the release of Q1 earnings, India's June infrastructure output data, institutional investment flows, and mixed global cues. At 7:49 AM, GIFT Nifty futures were trading 20 points lower at 25,012, indicating a flat to mildly negative start for the Indian bourses.
Global Cues
Global markets presented a mixed picture in early Monday trade. Asia-Pacific equities were uneven as investors evaluated policy signals from China and kept an eye on renewed global trade tensions. The People's Bank of China maintained its key loan prime rates unchanged, with the one-year LPR holding steady at 3 per cent and the five-year LPR—used for mortgage pricing—unchanged at 3.50 per cent, in line with expectations aimed at supporting economic growth.
Trade worries resurfaced over the weekend after the White House reiterated its firm stance on tariffs. US Commerce Secretary Howard Lutnick stated on Sunday that August 1 is a 'hard deadline" for countries to begin complying with new tariff requirements. However, he added that 'nothing stops countries from talking to us after August 1."
US equity futures were marginally lower during early Asian hours as traders digested the weekend's trade rhetoric and awaited key tech earnings this week. S&P 500 futures rose 0.06 per cent, Nasdaq 100 futures inched up 0.08 per cent, and Dow Jones Industrial Average futures added 24 points or 0.05 per cent.
Wall Street ended Friday on a subdued note. The Dow Jones Industrial Average fell 0.32 per cent to close at 44,342.19. The S&P 500 dipped slightly by 0.01 per cent to 6,296.79, while the Nasdaq Composite managed to edge higher by 0.05 per cent, finishing at 20,895.66.
view comments
First Published:
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Weak momentum is likely to continue
Weak momentum is likely to continue

Hans India

time7 minutes ago

  • Hans India

Weak momentum is likely to continue

Thebroader market selling pressure dragged the benchmark indices below the 25000 level. The Nifty declined by 131.40 points or 0.53 per cent. The BSE Sensex is down by 0.36 per cent. The Midcap-100 and Smallcap-100 indices slipped by 1.85 per cent and 3.51 per cent, respectively. The Nifty and Banknifty are up by 0.95 per cent and 0.44 per cent, respectively. The Media and Realty indices were the worst performers with 5.73 per cent and 4.93 per cent, respectively. The IT and FMCG indices are down by 4.09 per cent and 3.41 per cent, respectively. The India VIX is still at the lower band at 11.28. The FIIs sold Rs30,508.66 crore, and the DIIs bought Rs.39,825.97 crore worth of equities. The benchmark index continued to fall for the fourth consecutive week. It declined by 3.36 per cent from the recent high. As expected, the low VIX regime has led to a sharp decline in the benchmark index. The VIX rose by 7.39 per cent to 11.28 last week. Even after the last two days' surge in the VIX, it remains at the lower band, hinting at further decline. The Nifty closed below the previous low and 10-week average decisively. It declined by 0.90 per cent with higher volume in the past four weeks, which is a real caution for the bulls. Now, the index is 0.87 per cent below the 50 DMA. After oscillating around the 50-day moving average (DMA) for the last six days, it finally decisively broke it. It also broke the 50 EMA support. The nearest support is at the 23.6 per cent retracement level of the prior 12-week rally from 21743 to 25669, which is at 24743, which is just a hundred points away. The index is showing signs of ending its 12-week rally from April 2025 lows. It retraced 86 per cent of the Oct-April decline. It rose by 18.05 per cent from the April lows. Last week's decline with higher volume indicates a strong distribution. Last week's shooting star candle further confirms the distribution. In any case, the index fails to hold the 24742-545 zone of support, except that the decline will be prolonged to another three to four months and may test the 23243 level, or it may fill the gap areas from April 8. For an upside, it must form at least three higher high candles. The daily Bollinger bands are decisively in the downtrend. The MACD line is below the zero line. The RSI is at a crucial 40 support level. The 100EMA support is at 24576. The nearest major low is at 24473. If these supports are also breached, the market will enter into a decisive downtrend. On the upside, there are several resistance points. First, it must close above the prior day's high and the 10-week average. As the earnings season is disappointing, there are no leading stocks or sectors; the weakness may continue for some more time. As the fall is severe in the last two days, expect a technical bounce next week. It may attempt to recover from an oversold condition on a lower time frame. (The author is partner, Wealocity Analytics, Sebi-registered research analyst, chief mentor, Indus School of Technical Analysis, financial journalist, technical analyst and trainer)

Markets on edge as 4th weekly loss sets cautious tone
Markets on edge as 4th weekly loss sets cautious tone

Hans India

time7 minutes ago

  • Hans India

Markets on edge as 4th weekly loss sets cautious tone

Mumbai: Factors like the upcoming US Federal Reserve meeting, ongoing corporate earnings, and release of important economic data such as Industrial Production (IIP) and HSBC Manufacturing PMI will play a major role in shaping Indian stock market sentiment next week. On Friday, the markets ended lower for the second straight session, with both benchmark indices -- the Sensex and Nifty -- posting steep losses. The Sensex fell 786 points intra-day to 81,397.69, while the Nifty slipped nearly 1 per cent to touch 24,806.35. The broader market also witnessed selling, with mid-cap and small-cap indices dropping up to 2 per cent. Looking ahead, global developments will also be crucial. The US Federal Reserve will hold its policy meeting on July 29–30. Most traders expect the Fed to keep interest rates unchanged, but any comments on inflation or future policy moves will be closely watched by markets worldwide. On the trade front, the Ministry of External Affairs said India and the US are working on the first phase of a Bilateral Trade Agreement to improve market access and reduce tariff barriers. Back home, earnings from key companies such as IndusInd Bank, Tata Steel, ITC, Sun Pharma, and Maruti Suzuki India are expected next week. Their performance will give investors more clarity on sectoral strength and overall corporate health, as per the experts. As the new month begins, investors will also keep an eye on economic indicators. The Industrial Production (IIP) data and HSBC Manufacturing PMI, both due on August 1, could provide fresh cues on the health of the Indian economy. According to experts, the market is likely to remain volatile next week, with investors watching for cues from global central banks, earnings reports, and domestic economic data. Meanwhile, in the previous week , the benchmarks ended the week lower -- marking the fourth consecutive weekly loss. The Nifty closed at 24,837.00, while the Sensex settled at 81,463.09.

Resistance drops 1,500pts amid weak PCR
Resistance drops 1,500pts amid weak PCR

Hans India

time7 minutes ago

  • Hans India

Resistance drops 1,500pts amid weak PCR

Thelatest options data on NSE is pointing to a 1,500 points fall in resistance level as highest Put Open Interest (OI) is at 25,000CE, while the support level remained at 24,000PE for a third consecutive week. The 25,000CE has highest Call OI followed by 25,200/ 25,500/ 25,100/ 25,300/ 24,900/ 26,500/ 25,600/ 24,850/ 25,600/ 26,100/ 27,000/ 27,400 strikes, while 25,000/ 24,900/ 24,800/ 25,200/ 25,300/ 25,700/ 25,800/ 24,800 strikes recorded hefty build-up of Call OI. Very minute Call OI fall is visible on 2 deep Call OTM strikes, select deep ITM strikes. Coming to the Put side, the maximum Put OI is seen at 24,000PE followed by 24,500/24,200/ 24,300/ 24,600/ 24,700/ 24,800/ 24,900 strikes. Further, 24,700/ 24,600/ 24,850/ 24,300 strikes recorded reasonable addition of Put OI. Put ITM strikes from 25,000PE inwards witnessed moderate Put OI fall. Dhirender Singh Bisht, associate vice-president (technical research-equity) at SMC Global Securities Ltd, said: 'In the derivatives market, prominent Call Open Interest for Nifty seen at the 25,000 and 25,200 strike, while the notable Put Open Interest was at the 24,500 and 24,700 strike. For Bank Nifty, the prominent Call Open Interest was seen at the 57,000 strike, whereas notable Put Open Interest at the 56,000 strike.' The Implied Volatility (IV) fell over 50 per cent to 8.89 level for Call highest OI base, while it was hovering at 15 level, a marginal decrease from previous week, at highest Put OI base. It's revealing wide-range trading with reasonable volatility for the week ahead. 'The market had a bit of a roller-coaster ride last week. Weak earnings, especially from IT companies, pulled the market down early on. But things turned around as hopes grew for a trade deal between India and the US, thanks to the recently announced trade deal between US and Japan. This positive news gave the market a much-needed boost. Sectors like healthcare, financial services, and other service-related industries did well, while media, real estate, and IT stocks struggled and ended the week in the red,' added Bisht. For the week ended July 25, 2025, BSE Sensex closed at 81,463.09 points, a fall of 294.64 points or 0.36 per cent, from the previous week's (July 18) closing of 81,757.73 points. NSE Nifty too declined by 131.40 points or 0.52 per cent to 24,837 points from 24,968.40 points a week ago. Bishtforeasts: 'A further decline toward 0.5 would reflect an extreme level, which could signal a potential bounce in the near term. Nifty closed the week near its technical support level of 24,800. A further decline could push it toward 24,500. For the upcoming week, support is seen at 24,500, while resistance is expected at 25,000 and 25,200.' India VIX rose 5.15 per cent to 11.28 level. 'Implied Volatility for Nifty's Call options settled at 9.99 per cent, while Put options concluded at 10.64 per cent. The India VIX, a key indicator of market volatility, concluded the week at 10.72 per cent. The Put-Call Ratio based on Open Interest (PCR OI) stood at 0.75 for the week, indicating weakness in the market,' remarked Bisht. Bank Nifty Bank Nifty NSE's banking index closed the week at 56,528.90 points, 245.90 or 0.43 per cent lower from the previous week's closing of 56,283 points.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store