Indian stock market benchmarks, the Nifty 50 and the Sensex, are expected to start on a muted note on July 15, 2025, following mixed cues from global markets.
Global Market Indicators
- Gift Nifty: Indicates a flat-to-negative opening for Indian equities, trading around 25,173, a slight premium from Nifty futures' previous close.
- US Futures: Dow Jones, NASDAQ, and S&P 500 futures are down approximately 0.3% each, reflecting cautious global risk sentiment.
- European Markets: Display mixed performance with FTSE 100 up by 0.38%, while DAX and CAC 40 show sharp declines, suggesting subdued global momentum.
Indian Market Performance on July 14, 2025
- The Nifty 50 closed at 25,082.30, a decline of 67.55 points or 0.27%, with 28 of its 50 constituents declining.
- The Sensex ended at 82,253.46, down by 247.01 points or 0.30%.
- Market breadth was weak, with 1,174 stocks advancing and 1,303 declining, indicating broad-based selling.
- Selling pressure was evident from the beginning of the session. The indices managed to recover slightly from intraday lows but still closed in negative territory.
Sectoral Performance
- Mixed Performance: Auto, PSU Banks, Pharma, FMCG, Metals, Realty, Media, and Energy sectors saw gains, while IT, Financial Services, and Private Banks experienced losses.
- Top Nifty Gainers: Eternal, Titan, IndusInd Bank, and ONGC.
- Top Nifty Losers: Jio Financial, Tech Mahindra, Wipro, Bajaj Finance, and Asian Paints.
- IT Sector Drag: The IT sector faced selling pressure due to TCS's lackluster earnings.
- Mid and Small Caps: Showed resilience, with Nifty Midcap100 and Smallcap100 rising by 0.7% and 1.0% respectively.
Factors Influencing Market Sentiment
- Global Uncertainty: Announcement of a 30% tariff by the U.S. on imports from the European Union and Mexico, effective August 1, has created global uncertainty.
- FII and DII Activity: Foreign Institutional Investors (FIIs) have been net sellers, with outflows of ₹10,284 crore so far in July. However, Domestic Institutional Investors (DIIs) have provided support by being net buyers, with inflows of ₹12,403 crore.
- Q1 Results and Forward Guidance: Weak Q1 results from TCS and cautious forward guidance have negatively impacted IT stocks.
Key Levels to Watch
- Nifty 50:
- Support: 24,925-25,000. A decisive breach below 25,000 could lead to further selling pressure towards the 24,700 zone.
- Resistance: 25,200-25,300. A strong hurdle lies in the 25,350–25,500 range.
- Sensex:
- Support: 82,000 is a key support zone. Below this, selling pressure may accelerate towards 81,600 – 81,500.
- Resistance: 82,500 – 82,800. Near term support and resistance levels are at 81762/81459 and 82745/83048.
- Bank Nifty:
- Support: 56,500-56,000.
- Resistance: 56,800-57,200.
Derivatives Data
- Nifty Open Interest (OI): Highest Call OI at 25,200 strike, followed by 25,300, indicating potential resistance. Highest Put OI at 25,000 strike, suggesting strong immediate support.
- Sensex Options Chain Data: Highest Call OI at 82500 strike and highest Put OI at 82000 strike, suggesting range-bound movement.
Market Outlook
- Market experts anticipate a consolidation phase in the near term, awaiting updates on the India-US trade deal and Q1 earnings announcements.
- A sideways to bullish trend is expected for Nifty 50, with a range between 24900 and 25250.
- Caution is advised, with close monitoring of global cues and key support and resistance levels.
- The NSE has ascended to the fourth position globally in IPO fundraising for the first half of 2025, amassing $5.51 billion.
Additional News
- Jane Street has resumed trading in Indian markets after depositing ₹4,843.5 crore in an escrow account, complying with SEBI's order.
- Companies like Ashok Leyland and Motherson are set to issue bonus shares.
