Where is the market headed?
The day started off with a big shock — President Trump announced a new 25% tariff on Indian goods. This news hit the markets hard in the first half. There wasn’t a crash, but markets were clearly nervous and came very close to a key technical level of 24,000. In fact, those levels were broken briefly during the day.
But the second half of the trading session brought a dramatic change. There was strong short covering across the board, and the markets bounced back sharply, wiping out most of the earlier losses. This turnaround was helped by global news that President Trump and President Putin may meet soon and agree on friendly terms. This helped all global markets move higher and pushed gold prices lower.
Market Overview
By the end of the day, the markets had recovered nicely. The important 24,500 level was broken but quickly regained. We closed with a tiny gain of 0.09%. The day’s low was 24,344, so we saw a solid 250-point recovery. It’s clear that the market is not ready to break this support level unless there is truly bad news — something more serious and confirmed than the current tariff threats, which many see as just negotiation tactics.
Nifty Next 50
Market indices also reflected this resilience. The Nifty Next 50 recovered 0.24%.
Nifty Mid and Small Cap
Midcaps gained 0.26%, and Small caps were down just 0.1%.
Bank Nifty
The Nifty Bank also moved up 0.2%.
GOLD
Gold, which nearly hit a new high during the day, also cooled off and ended around ₹10,090 per gram.
Advance Decline Ratio
Heat Maps
Stocks like HDFC Bank, Hero Motors, Maruti, Wipro, HCL Tech, and Coal India showed strength.
Movers Of The Day
BHEL and BPCL continued their decline. BHEL, in particular, has been sliding since July and fell sharply after poor Q1 results.
Sectoral Overview
Sector-wise, media stocks were strong with a 0.9% gain. IT stocks recovered with 0.87%, and pharma stocks also did well at 0.75%. Capital market stocks were up 0.72% after news that weekly expiries may continue. Public sector and defense stocks saw slight declines.
Sector of the Day
Nifty Media Index
Nifty IT Index
