Indian stock markets fell for the fifth straight day, with the Nifty dropping to 25,623 after investors reacted to uncertainty over a US Supreme Court decision on Trump‑era tariffs.
Market Overview
Both major indices closed lower. The Sensex ended at 83,576, down 0.72%, while the Nifty finished at 25,683, down 0.75%. Over the week, each index lost about 2.5%.
Sector Performance
- Gainers: Asian Paints, ONGC, Bharat Electronics, HCL Technologies.
- Losers: Auto, FMCG, Realty, Consumer Durables (down 1‑2%).
- All other sectors, except IT, PSU Banks and Oil & Gas, ended in the red.
Stock Highlights
- Adani Enterprises, Shriram Finance, NTPC, ICICI Bank, Jio Financial – notable declines.
- Elecon Engineering fell 16% after reporting a 33% drop in Q3 profit.
- Keystone Realtors slipped 2% as pre‑sales and collections weakened.
- Andhra Cements rose 6% following a promoter stake sale via OFS.
- More than 300 stocks hit 52‑week lows, including Tejas Networks, Inox Wind, Siemens Energy and IRCTC.
Technical Outlook
The Nifty broke below its 50‑day EMA and its rising trendline, closing under the 25,700 mark. The RSI slipped below 40, indicating stronger bearish momentum. Immediate support is expected around the 25,550‑25,600 zone; a break below could push the index toward 25,400 or lower. Resistance lies near 25,850‑25,900.
Disclaimer
Remember, this is perspective, not a prediction. Do your own research and consider consulting a certified financial advisor before making any investment decisions.