Research
Periodic Report
Selling Spree Hits Realty and Pharma; Trent Rallies on 1,000-Store Milestone
Selling Spree Hits Realty and Pharma; Trent Rallies on 1,000-Store Milestone
Written by - Fisdom Research
Array
April 1, 2025
2 minutes
Array
Market Snapshot
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 MEDIA
2.2
NIFTY METAL
-0.8
NIFTY OIL & GAS
0.1
NIFTY FMCG
-0.9
NIFTY PSU BANK
-0.1
NIFTY PRIVATE BANK
-1.2
NIFTY AUTO
-0.3
NIFTY HEALTHCARE INDEX
-1.5
Top News
Real estate stocks fell sharply, with the Nifty Realty index dropping over 3% as all constituents traded in the red, led by Oberoi Realty, Prestige Estates, and Godrej Properties, which declined up to 5%.
Pharma stocks extended losses for the fifth consecutive session, with the Nifty Pharma index down over 2% amid concerns over the potential impact of US President Trump’s reciprocal tariffs on India’s export-driven pharmaceutical sector.
Trent shares surged over 5% after the company announced surpassing 1,000 fashion stores, with analysts remaining bullish on its long-term growth potential.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
INDUSINDBK
5.1
HCLTECH
-3.6
TRENT
4.6
BEL
-3.5
JIOFIN
1.5
BAJAJFINSV
-3.3
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,050
23,300
Bank Nifty
50,500
51,500
Trade Ideas Update
Our trade ideas success rate has 80% over the past month, even with increased volatility in the benchmark index. Follow Trade Ideas for timely stock insights.
