Equity indices declined for the second consecutive session on the first trading day of FY 2025-26 (April 1).
Nifty closed below 23,200, pressured by broad-based sectoral selling, except in media and telecom.
Investor sentiment remained cautious ahead of the anticipated rollout of US President Donald Trump’s reciprocal tariffs on April 2.
The market opened weak, with Nifty starting below 23,350.
Initial attempts at recovery failed, and losses deepened as the session progressed, leading to a close below 23,200.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY REALTY
3.6
NIFTY IT
0.8
NIFTY CONSUMER DURABLES
2.5
NIFTY AUTO
0.8
NIFTY FMCG
1.1
NIFTY HEALTHCARE INDEX
0.8
NIFTY PHARMA
0.9
NIFTY PSU BANK
0.7
Top News
Kalyan Jewellers surged over 13% amid heavy volumes, extending its three-week rally to 26%, as gold prices hit record highs near ₹91,000 per 10 grams.
Godrej Properties gained nearly 5% after announcing the sale of 275 luxury homes worth over ₹2,000 crore at its newly launched ‘Godrej Riverine’ project in Noida.
Bharat Electronics Ltd (BEL) declined over 5% after missing its FY25 order inflow guidance, despite reporting a 16% year-on-year revenue growth to ₹23,000 crore.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
TATACONSUM
6.9
BEL
-3.3
ZOMATO
4.8
NESTLEIND
-1.2
TITAN
3.9
ULTRACEMCO
-0.9
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,100
23,450 – 23,600
Bank Nifty
51,700
52,000
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