Indian equity markets dropped for the fifth straight session, pulled down by fresh worries about U.S. tariffs and a wave of foreign fund outflows.
Market Overview
The Nifty 50 closed at 25,683.30, down 0.75% from the previous close of 25,876.85. The BSE Sensex fell 0.72% to end at 83,576.24, versus 84,180.96 a day earlier.
Technical Outlook
Analysts note that the weekly chart showed a bearish engulfing pattern, suggesting profit‑taking after last week’s gains. Momentum indicators point to an oversold condition, so a short‑term pullback is possible. For the decline to pause, the index needs to make higher highs and higher lows and break back above the 26,000 level.
Commodity Prices
- Gold: The February 2026 contract rose 0.04% to ₹138,875 per 10 g.
- Silver: The March 2026 contract slipped 0.29% to ₹252,002 per kg.
Geopolitical tension around Iran is expected to keep gold and silver in demand.
Stock Recommendations
Buy Recommendations
- Ashok Leyland Ltd (ASHOKLEY) – Entry: ₹188, Target: ₹202, Stop‑loss: ₹181.
- Ipca Laboratories Ltd (IPCALAB) – Entry: ₹1,575, Target: ₹1,685, Stop‑loss: ₹1,520.
- Reliance Industries Ltd (RELIANCE) – Entry: ₹1,475, Target: ₹1,510, Stop‑loss: ₹1,450.
- Steel Authority of India Ltd (SAIL) – Entry: ₹144, Target: ₹154, Stop‑loss: ₹138.
- Gujarat Pipavav Port Ltd (GPPL) – Entry: ₹186, Target: ₹194, Stop‑loss: ₹182.
- Ramco Cements Ltd (RAMCOCEM) – Entry: ₹1,093, Target: ₹1,140, Stop‑loss: ₹1,070.
- Aarti Pharmalabs Ltd (AARTIPHARM) – Entry: ₹761.75, Target: ₹807, Stop‑loss: ₹744.
- Asian Paints Ltd (ASIANPAINT) – Entry: ₹2,825, Target: ₹2,950, Stop‑loss: ₹2,770.
Sell Recommendations (Intraday)
- Three stocks were highlighted for short‑term selling; investors should check current market data before acting.
Quick Takeaway
The market’s downtrend is linked to tariff anxieties and foreign capital outflows. Technical signs point to a possible short‑term rebound if the index can hold above 26,000. Gold remains a safe‑haven play, while a list of carefully selected stocks offers buying opportunities for those willing to manage risk.
Remember, this is just an overview, not a prediction. Do your own research or talk to a certified advisor before making any trades.