Where is the market headed?
Nifty fell, confirming that yesterday’s pullback was short-lived. With no overnight recovery and continued U.S. pressure on India, markets appear to be grinding lower gradually, lacking strong undercurrents to support a rebound.
Market Overview
Nifty fell by 0.82%.

Nifty Next 50
Nifty Junior dropped sharply by 1.35%, adding to the market’s weak sentiment as broader indices continued to face pressure.

Nifty Mid and Small Cap
Midcaps fell 1.2%, while small caps were hit harder, plunging 1.6%, reflecting broad-based selling across the market.


Bank Nifty
Nifty bank also down 0.62%

GOLD
Gold remained flat, edging up just 0.16% to ₹9,823 per gram.

Advance Decline Ratio
Advances steadily declined throughout the day, ending at just 95 against 404 declines—a clear sign of broad market weakness.

Heat Maps
It’s all red on the screen. Tata Motors fell 2.5%, Infosys 2.6%, and Sun Pharma plunged 4.5%. Dr. Reddy’s, Cipla, Adani Enterprises, L&T, Shriram Finance, Bajaj Twins, ICICI Bank, and TCS were all in the red despite strong recent performances.
Among the few gainers, Asian Paints, ITC, Nestle, and HUL from the FMCG pack stayed slightly up. In the Nifty Next 50, TVS Motors and Ambuja Cement stood out with gains above 2%.
Oil companies like IOC and BPCL, along with Divi’s Lab, saw sharp declines of around 3.5% as they moved away from Russian oil. Adani Power and ICICI General Insurance, which had been doing well recently, also dropped. Real estate and power stocks continued to slide.


Movers Of The Day
Dabur made a strong breakout attempt, with profits slightly beating estimates. While not a major surprise, in a market trending down, even a 1% rise stands out.

Meanwhile, Sun Pharma collapsed 4.5% as U.S. tariff pressure hit sentiment, dropping swiftly from over ₹1,800 to around ₹1,600.

Sectoral Overview
With most earnings now out, the key takeaways are already priced in. FMCG showed slight improvement, standing out as the only gainer with a 0.69% rise. Meanwhile, pharma which had been performing well was hit hard, falling 3.3% amid continued tariff concerns. Other sectors also saw broad declines: Defence down 2%, Metals 1.9%, IT 1.8%, Real Estate 1.7%, and PSU banks 1.1%. Manufacturing, Oil & Gas, Infrastructure, and Tourism dropped in the 1–2% range. It was truly a ‘nowhere to hide’ kind of day.

Sector of the Day
Nifty Pharma Index
Some of the biggest names dropped : Aurobindo Pharma, Granules, Sun Pharma, Gland Pharma, and Dr. Reddy’s—all with significant U.S. exposure. The Pharma index, which looked poised for a breakout just two days ago, has now been sharply pulled down.

