The Sensex gained barely 9.61 points (+0.01%), closing at 83,442.50, essentially unchanged.
The Nifty 50 added just 0.30 points, remaining unchanged at 25,461.30.
With falls of 0.27% and 0.44%, respectively, the Mid-Cap and Small-Cap indices lagged behind.
Flow & Sectoral Highlights:
With an increase of about 1.6% to 1.7%, FMCG was the market leader, followed by HUL, GCPL, Dabur, Emami, Britannia, and Varun Beverages.
Energy/Oil & Gas rose by approximately 0.4%.
IT, metals, banking, automobiles, consumer durables, and pharmaceuticals all exhibit underperformance.
🏆 Notable Movers:
Gainers:
FMCG giants HUL, GCPL, Dabur, Kotak Mahindra Bank, Trent, Reliance, Asian Paints, ITC, and Adani Ports rose by around 3%.
Losers are Tech Mahindra, Bharat Electronics, UltraTech Cement, HCL Tech, Maruti, Infosys, Eternal, and SBI, down by around 2-2.4 percent.
The Intraday Session and Crucial Events:
The market was range-bound for the day, moving within a constricted range before closing virtually flat.
Dhanlaxmi Bank witnessed a 14.7% YoY growth in Q1 deposits, causing an intraday jump of nearly 5%.
The Smartworks Coworking IPO (₹445 crore fresh issue + ₹137.6 crore OFS) is expected to open on July 10. Additionally, the Sebi has strengthened its surveillance on derivatives usage following the involvement of hedge fund Jane Street.
Macro and Global Indications:
India VIX dipped to a fresh 9-month low, soothing investor sentiment and strengthening bulls.
Geopolitical tensions and the looming US tariffs (from August 1) maintained risk aversion.
FIIs and DIIs disposed of assets worth ₹760 crore and ₹1,028 crore, respectively, last Friday.
Key Technical Levels and Expectations:
Nifty support is at 25,300-25,330, and resistance is below 25,600.
Bank Nifty closed near 57,000 after picking up pace from around 56,600. The support is seen in the zone of 56,000-56,500 with room for further moves higher to 57,600-58,500.
Overall, the markets are cautious and waiting for Indian clarity on India-US trade matters and eyeing global developments.
✅ Overview:
The market finished in a sideways manner with little gains.
FMCG and Oil & Gas segments perform better, while cyclical and growth segments lag behind.
Points of focus are robust Q1 deposit growth in private banks and regulatory oversight of derivatives.
Projections: Track tariff updates, global trends, and a floor at 25,300-25,350 (Nifty).
Disclaimer: This blog is intended solely for educational purposes. Any stock references are provided as illustrative examples and should not be construed as investment advice or recommendations.
