Market Snapshot
- Benchmark indices extended their decline for the second straight session, pressured by escalating trade tensions following Trump’s tariff announcement. The Nifty slipped below 23,000, while the Sensex dropped over 900 points.
- BSE Midcap and Smallcap indices plunged more than 3% by the close. All sectoral indices ended in the red, with Pharma down 4% after hints that pharmaceuticals could be included in the new US trade tariffs.
- On a weekly basis, both the Sensex and Nifty declined 2.6%.
- The IT index was the hardest hit, sliding 9% for the week, marking its worst weekly performance since the pandemic, amid concerns over client spending uncertainty.
Sectoral Trends
|
Sector Name |
% Change |
Sector Name |
% Change |
|
NIFTY FMCG |
0.0 |
NIFTY CONSUMER DURABLES |
-2.8 |
|
NIFTY PRIVATE BANK |
-0.1 |
NIFTY MEDIA |
-3.0 |
|
NIFTY PSU BANK |
-2.4 |
NIFTY HEALTHCARE INDEX |
-3.1 |
|
NIFTY AUTO |
-2.7 |
NIFTY IT |
-3.6 |
Top News
- HUDCO approved a significant borrowing hike for FY26 to ₹65,000 crore and raised its borrowing limit to ₹2.5 lakh crore (subject to shareholder approval), but its shares declined nearly 4% amid broad market weakness.
- Bajaj Finance rose over 2% after reporting strong Q4FY25 business growth, including a 26% YoY increase in AUM to ₹4.17 lakh crore and robust gains in loan disbursements, customer base, and deposits.
- Union Bank of India fell over 5% as its Q4FY25 business update missed growth guidance, with loan and deposit growth coming in below expectations.
Top Gainers and Losers
|
Top Gainers |
% Change |
Top Losers |
% Change |
|
BAJFINANCE |
1.7 |
TATASTEEL |
-8.4 |
|
TATACONSUM |
1.6 |
HINDALCO |
-8.1 |
|
HDFCBANK |
1.2 |
ONGC |
-7.1 |
Technical Outlook: Key Indices
|
Indices Name |
Support |
Resistance |
|
Nifty |
22,700 |
23,200 |
|
Bank Nifty |
51,000 |
52,000 |
Trade Ideas Update
- Our trade ideas success rate has 83% over the past month, even with increased volatility in the benchmark index. Follow Trade Ideas for timely stock insights.
