Stock Market Today: Nifty, Bank Nifty Hold Key Support; Global Cues Remain Mixed

Indian equity markets are set for a cautious start to the new week as global sentiment remains fragile after last week’s sharp decline triggered by tariff remarks from former US President Donald Trump. While the US leader’s later clarification softened the tone, traders expect short-term volatility to stay elevated.

Global Market Overview

Asian indices opened lower this morning following a weak handover from Wall Street. Trump’s statement on imposing 100% tariffs on Chinese imports initially rattled risk sentiment, raising fears that similar measures could extend to other trading partners, including India.

Later, his partial reversal — saying he wanted “friendly relations” with China — helped ease some pressure, prompting a mild recovery in Dow futures. Nevertheless, analysts expect volatility to remain high through the week.

GIFT Nifty and Domestic Cues

At the time of writing, GIFT Nifty was down by about 84 points, indicating a negative opening for the Indian benchmark indices. Both Nifty 50 and Bank Nifty closed Friday’s session near their crucial resistance zones, suggesting consolidation could continue.

On Friday, the Sensex added 328 points, while Nifty 50 gained 104 points to settle around 25,525 — bouncing back from the 25,000-point support zone. Analysts see 25,000 as a key near-term support and 25,500–25,600 as a resistance band.

Bank Nifty climbed 418 points to close at 56,610. Immediate resistance lies near 56,850, while support levels are placed around 56,250–56,500.

FII and DII Activity

Foreign Institutional Investors (FIIs) were net buyers of about ₹450 crore in the previous session, while Domestic Institutional Investors (DIIs) bought shares worth ₹177 crore. Market watchers believe today’s data will reveal whether FIIs continue buying or shift to profit-booking after last week’s rebound.

Volatility and Derivatives Data

The India VIX remains stable, benefiting option writers. However, a sharp move beyond the 12–13 range could trigger short-term pressure. The Put-Call Ratio has risen from 1.06 to 1.32, signalling stronger hedging positions and cautious sentiment ahead of the festive season.

Top Gainers and Losers

Yes Bank jumped nearly 7%
PG Electroplast advanced over 6%
Divi’s Laboratories and Bandhan Bank were also among the top gainers

On the downside, Manappuram Finance slipped 3% amid volatility in precious-metal prices.

Commodities and Currency Update

Gold and Silver saw mild profit-booking after sharp rallies, though technical charts remain positive with no signs of reversal yet.
Crude oil fell about 4% in the last session.
The Indian Rupee showed slight strength against the US Dollar due to weakness in American markets, though it continues to underperform against other major currencies such as the Euro and Japanese Yen.

Corporate and Stock-Specific News

CAMS announced a 1:5 stock split, effective soon.
DMart posted a 5% rise in quarterly profit, with revenue up 47.7% YoY; valuations above a P/E of 100 keep analysts cautious.
Waaaree Renewables reported a doubling of profit and a 47.7% jump in revenue, making it one of today’s stocks to watch.
Zentek Technologies secured a ₹37 crore order from the Indian Defence Forces to supply anti-drone systems with “hard-kill” capability.
NTPC Green Energy signed an MoU with Japan’s Eneos to develop and supply green methanol and green hydrogen.
Phoenix Mills reported 13% growth in retail consumption and a sharp jump in residential sales.
Axis Bank received an RBI caution letter over KYC compliance lapses.
Lupin’s New Jersey facility faced a USFDA observation during inspection.
Signature Global reported a 28% drop in presales and a 44% decline in saleable area.

Stocks under F&O ban today include RBL Bank and SML Capital. Results expected later in the day: HCL Technologies, Anand Rathi Wealth, Den Networks, Just Dial, and Lotus Chocolates.

Sector Focus Today

Market experts suggest tracking:

IT stocks ahead of HCL Tech results
Metals & Mining counters such as Vedanta and GMDC, as China restricts rare-earth exports
Renewable energy players after NTPC Green’s MoU
Pharma names like Lupin and Divi’s Labs

Outlook

With global trade tensions resurfacing and key results lined up, traders should brace for a volatile week. Nifty 50’s 25,000 level remains a make-or-break support, while 25,500–25,600 could cap near-term upside. For positional traders, experts advise light exposure and disciplined risk management through the festive season.