Dear Trader…
Markets extended their decline on monthly expiry day, losing nearly a percent and continuing the corrective trend. After a weak opening, the Nifty future staged a swift rebound in the initial hours, but sustained pressure from heavyweight stocks across key sectors dragged the index to fresh lows as the session progressed. It eventually settled near the day’s low at 24,651.70. Sectoral performance was broadly weak, with IT, realty, and banking stocks leading the decline.
Sentiment remained under strain from the implementation of additional 25% U.S. tariff, which, combined with weakness in heavyweights such as banks, is exerting steady pressure on the markets. In the absence of major domestic triggers, global developments continue to drive near-term direction. Traders are advised to align positions with the prevailing trend and exercise heightened caution in stock selection.”
Nifty futures opened at 24751 points against the previous close of 24857 and opened at a low of 24627 points. Nifty Future closed with an average movement of 208 points and a decline of around 205 points and 24651 points…!!
On the NSE, the midcap 100 index will decline 1.27% and smallcap 100 index is closing decline 1.45%. Speaking of various sectoral indices, the NSE saw gains in only Consumer Durables stocks, while all other sectoral indices closed lower.
At the start of intra-day trading, October gold opened at Rs.1,01,450, fell from a high of Rs.1,01,650 points to a low of Rs.1,01,334 with a decline of 3 points, a trend of around Rs.1,01,539 and September Silver opened at Rs.1,16,099, fell from a high of Rs.1,16,850 points to a low of Rs.1,16,099 with a rise of 562 points, a trend of around Rs.1,16,659.
Meanwhile, HCL Tech, TCS, Power Grid, Infosys, Hindustan Unilever, HDFC Bank, ICICI Bank, Bharati Airtel, Mahindra and Mahindra, Trent, Tata Motors, Sun Pharma, NTPC, BEL, Eternal and SBI were the top losers from the Sensex pack. While Titan, L&T, Maruti Suzuki, and Axis Bank were top gainers.
The majority of sectoral indices settled in negative territory amid selling pressure. Nifty Fin Services dropped 312.30 points or 1.20 per cent, Nifty Bank fell 630.10 points or 1.16 per cent, Nifty Auto declined 136.80 points or 0.54 per cent, Nifty FMCG closed 574.05 points or 1.02 per cent, and Nifty IT slipped 574.45 points or 1.59 per cent.
Rupee traded weakly as selling pressure in capital markets deepened, with FII flows continuing to remain negative amid persistent concerns on India’s growth outlook and fiscal deficit.
The imposition of a 50 per cent US tariff has raised uncertainty over exports, weighing on overall sentiment, until there is clarity on alternatives either through negotiations with the US or by striking trade agreements with other nations — investors are likely to stay cautious
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