Indian equity markets witnessed a highly volatile session on Monday as the Nifty 50 slipped nearly 150 points but managed to hold above the crucial 24,800 mark, while Bank Nifty failed to sustain the 56,000 level.
Early on Tuesday, Gift Nifty is indicating a positive start, trading 25 points higher at 24,988, just 12 points short of the psychological 25,000 level.
📊 Market Performance
- Nifty 50: Closed at 24,875 (-246 points)
- Bank Nifty: Closed at 55,734 (-250 points from intraday high)
- Sensex: Closed at 82,116 (-310 points)
Despite the fall, analysts note that Nifty continues to trade above all short, medium, and long-term moving averages, suggesting underlying strength. However, the momentum indicators point to a potential minor retracement in the near term.
🔥 Key Market Highlights
- FIIs bought equities worth ₹551 crore
- DIIs recorded strong inflows of ₹4,100 crore
- India VIX stood flat at 12.34, indicating low volatility
- Put Call Ratio (PCR) at 1 suggests range-bound trading
🚀 Top Gainers and Losers
Maruti Suzuki surged 9%, marking one of its rare sharp rallies.
Hero MotoCorp gained 6% ahead of its new bike launch today.
Bajaj Finance climbed nearly 5%, while Nestle also ended among top gainers.
On the downside, ITC, L&T, and Tech Mahindra slipped around 1% each, reflecting limited selling pressure.
Commodities & Currency
- Gold is witnessing value buying interest, expected to find support near ₹98,000 per 10gm.
- Silver is already trading close to its buying zone at ₹1,11,000 per kg.
- Crude oil and natural gas remained mildly positive.
- The Indian Rupee strengthened against major currencies (USD, EUR, GBP, JPY) after the government cut taxes to boost local demand, thereby reducing imports.
Corporate Updates
Reliance Consumer Products acquired a majority stake in Nature Edge Beverages, after its earlier Campa Cola relaunch struggled to gain traction.
Hindustan Zinc announced plans to double its capacity with a capital expenditure of ₹3,823 crore.
Rainbow Children’s Medicare acquired 76% stake in Pratik’s Women & Child Care Hospital, continuing its expansion strategy via acquisitions.
All Time Plastics saw fresh buying as Muneesh Chughani, a well-known fund manager, picked up 3.5 lakh shares.
Hero MotoCorp is in focus today with the launch of its new bike aimed at the youth segment.
GMR Group approved plans to raise ₹5,000 crore through fundraising.
CMA CGM Shipping removed its CEO due to underperformance, sending mixed signals in the global shipping space.
Bluestone IPO lists today after receiving a robust 2.7x subscription, with strong demand expected on debut.
Upcoming IPOs this week include STG Shipping, Patel Retail, Jim Aromatics, and Vikram Sol. Analysts expect Vikram Sol IPO to deliver significant listing gains.
F&O Ban List
RBL Bank, Punjab National Bank (PNB), and TG are under F&O ban today.
Outlook
The immediate focus for traders is whether Nifty can decisively reclaim the 25,000 mark and whether Bank Nifty sustains above 56,000. Experts suggest keeping an eye on Hero MotoCorp (product launch), Hindustan Zinc (expansion), Rainbow Children’s Medicare (hospital acquisition), and Bluestone IPO listing for short-term opportunities.
