-
Stock Market ended slightly lower on Tuesday, with Sensex down 150 points and Nifty below 25,950 due to weakness in global cues and selling in major stocks.
-
Stock Market showed volatility amid F&O expiry, but experts say bullish momentum remains intact above the 21-day moving average.
-
Stock Market analysts expect short-term resistance at 26,300 and support near 25,850, while buying at lower levels indicates investor confidence.
Stock Market ends lower as Sensex slips and Nifty stays below 25,950
The stock market closed in the red on Tuesday, dragged down by weakness in global markets and selling in large-cap stocks. The Sensex fell 150.68 points or 0.18% to close at 84,628.16, while the Nifty50 slipped 29.85 points or 0.11% to end at 25,936.20. Despite the decline, market experts say that the overall trend remains positive, with strong buying seen on dips. The day was marked by volatility, especially due to the expiry of monthly F&O contracts on the NSE.
Stock Market sees pressure from global cues and heavyweight selling
The stock market weakness was largely due to a muted trend in Asian markets and profit booking by investors. Heavyweights like Trent, Tech Mahindra, ICICI Bank, Bajaj Finserv, Power Grid, and TCS saw selling pressure, which outweighed gains in Tata Steel and Larsen & Toubro (L&T). Out of these, Trent was the biggest loser, falling 1.54% to ₹4,725.60, followed by ICICI Bank (down 1.05%) and Tech Mahindra (down 1.03%). Analysts said these declines pulled the benchmark indices slightly lower after several sessions of gains.
Stock Market remains bullish above 21-day moving average
Despite the fall, technical experts remain optimistic about the stock market trend. Rupak De, Senior Technical Analyst at LKP Securities, said that even though the market was volatile, the Nifty continues to trade above the 21-day exponential moving average (EMA), which signals a continued bullish bias. The Relative Strength Index (RSI) remains in the positive zone, suggesting strong momentum. “If the index sustains above 26,000, we may see a decent rally. Resistance lies at 26,300, while support is placed around 25,850,” De added.
Stock Market sees mixed sectoral performance
The stock market showed mixed movement across sectors. The BSE IT index dropped 0.60% to 35,143.40, and the BSE Auto index slipped 0.42% to 60,487.36 due to weakness in technology and automobile shares. On the other hand, metal stocks performed well, driven by optimism about China’s steps to reduce steel overcapacity. Public sector banks (PSUs) also gained following reports that the government might increase foreign institutional investor (FII) holding limits, which could attract more foreign capital into the banking sector.
Stock Market breadth remains slightly negative but stable
In broader market action, the stock market saw more declines than advances. Out of 4,332 stocks traded on the BSE, 1,929 ended higher, 2,230 declined, and 173 remained unchanged. However, the overall participation was active — 160 stocks hit new 52-week highs, while 84 stocks touched their 52-week lows. Additionally, 203 scrips were locked in upper circuits, and 165 in lower circuits, reflecting a balanced yet cautious trading session across sectors.
Stock Market analysts highlight profit booking and global cues
According to Vinod Nair, Head of Research at Geojit Financial Services, the stock market remained volatile and slightly negative due to profit booking after recent gains and weak signals from global markets. He explained, “Despite today’s dip, investor sentiment remains supported by easing global trade tensions and optimism about India’s corporate earnings growth.” Nair also mentioned that the metals sector outperformed due to China’s policy support, while PSU banks gained on hopes of increased FII participation.
Stock Market outlook remains positive despite volatility
Analysts expect the stock market to remain range-bound in the near term but maintain an overall bullish outlook. Experts believe that the Nifty could rally if it breaks above 26,000–26,100, which may push it toward 26,300. On the downside, the 25,850–25,800 zone is expected to act as a strong support. Traders are also eyeing corporate earnings announcements and global economic data for direction. Market sentiment continues to be driven by optimism over India’s economic resilience and steady foreign inflows.
Stock Market continues to attract long-term investors
Even with short-term volatility, the stock market remains an attractive avenue for long-term investors. Experts believe India’s strong macroeconomic fundamentals, stable interest rates, and rising domestic demand will support equity growth. Sectors like infrastructure, banking, capital goods, and renewable energy are expected to lead the next phase of market expansion. Institutional investors are also increasing their exposure, betting on India’s sustained growth and improving corporate profitability.
Stock Market likely to consolidate before next rally
In the short term, the stock market may consolidate as traders adjust positions post F&O expiry and await fresh triggers. However, analysts say buying interest at lower levels is a healthy sign, showing that investors are using dips to accumulate quality stocks. If global conditions stabilize and earnings improve, indices could regain momentum soon. Overall, market experts advise investors to stay cautious but optimistic, with a focus on fundamentally strong sectors.
