Tag: FII selling

  • Indian Markets Extend Losing Streak for Fifth Day as Crude Oil Fears Bite

    Indian Markets Extend Losing Streak for Fifth Day as Crude Oil Fears Bite

    Indian equity benchmarks ended Friday’s session under heavy selling pressure, capping their fifth consecutive day of losses. Investors reacted to surging crude oil prices, escalating geopolitical tensions in the Middle East, weak corporate earnings, and continued foreign fund outflows. The bearish trend was visible across sectors, with banking, auto, and metal stocks leading the decline. The sell-off also pushed the benchmark indices towards their worst weekly performance in nearly four months.

    Overall Market Performance

    At 2:50 PM, the Sensex was down 272.00 points, or 0.36%, at 76,119.39, while the Nifty fell 81.70 points, or 0.34%, to 23,787.90. Market breadth remained negative, with 1,792 shares advancing against 1,944 declines. Broader markets also remained under pressure, with the Nifty Midcap and Smallcap indices declining as risk aversion intensified.

    The weakness was largely driven by Brent crude climbing above $100 per barrel, raising concerns over inflation, India’s import bill, and corporate profitability. Investors also remained cautious following disappointing quarterly earnings from several large-cap companies.

    Top Gainers and Losers

    While some stocks managed to post gains, the majority of sectors faced significant losses. The detailed list of top gainers and losers is available in the original report.

    Market Trends

    Friday’s decline was indicative of a risk-off scenario. The equity markets fell back as uncertainty rose following new events taking place in the Middle East. Increased oil prices were a major source of concern for Indian markets as they can potentially cause inflation, increase the trade deficit, and reduce the bottom line for businesses.

    Foreign institutional investors (FIIs) continued to reduce their positions, while the weakening Indian rupee became an additional factor causing uncertainty. Poor performance by large corporations dampened investor confidence.

    Disclaimer: This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments.

  • Indian Stock Market Opens Lower Amid Middle East Tensions: Nifty Down 0.09%, Sensex Falls 91 Points

    Indian Stock Market Opens Lower Amid Middle East Tensions: Nifty Down 0.09%, Sensex Falls 91 Points

    Indian equity markets opened in the red on Tuesday as escalating tensions between the US and Iran weighed on investor sentiment. The Nifty 50 opened 22.45 points (0.09%) lower, while the Sensex declined by 91.25 points. In contrast, the Bank Nifty managed a modest gain of 0.14% at the open.

    On Monday, the Sensex had fallen 442.93 points (0.57%) to settle at 77,708.52, and the Nifty 50 dropped 95.80 points (0.39%) to close at 24,238.50. The Indian rupee opened at Rs. 96.41 against the US dollar on Tuesday, compared to the previous close of Rs. 96.45.

    Midcap stocks gained 0.6%, while smallcaps ended marginally positive. Foreign Institutional Investors (FIIs) sold Rs. 1,121 crore on July 20, but Domestic Institutional Investors (DIIs) absorbed the outflow, buying Rs. 1,312 crore.

    Sensex Outlook

    Technically, the Sensex formed a recovery candle after a gap-down open, indicating buying interest emerging at lower levels. Shrikant Chouhan, Head of Equity Research at Kotak Securities, noted: “The key levels to watch are 76,800 on the downside and 78,300 on the upside. As long as these levels remain intact on a closing basis, stock-specific action is likely to dominate. A close below 76,800 could open the doors for a decline towards 76,200, whereas a sustained move above 78,300 may pave the way for a retest of 78,700. The preferred strategy is to reduce weak long positions in the 78,300-78,600 zone, while remaining selective in accumulating quality stocks on declines.”

    Nifty 50 Outlook

    The Nifty 50 formed a small-bodied candle on the daily chart and closed within the previous session’s range, reflecting continued indecision. Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, commented: “A small green candle was formed on the daily chart that closed beside the long bull candle of Friday. Technically, this market action indicates an inside day type candle formation which is reflecting a range bound movement in the market with weak bias. The negative global sentiment has not impacted much on our markets so far.”

    Bank Nifty Outlook

    On Monday, the Bank Nifty formed a small-body bullish candle with wicks on either side, highlighting intraday indecision. Analysts noted: “Going ahead, the immediate resistance for Bank Nifty is placed in the 58,300-58,400 zone. Any sustainable move above this zone could result in Bank Nifty extending its pullback towards 58,800, followed by 59,200 in the short term. On the downside, the immediate support for Bank Nifty is placed in the 57,600-57,500 zone.”

    Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers should conduct their own research before making any investment decisions.

  • Indian Stock Market Opens Higher: Nifty Crosses 24,100, Sensex Gains 310 Points Despite Global Weakness

    Indian Stock Market Opens Higher: Nifty Crosses 24,100, Sensex Gains 310 Points Despite Global Weakness

    Despite weak global cues, rising crude oil prices, and a sell-off in semiconductor stocks, the Indian stock markets opened on a positive note on Friday. The Nifty 50 climbed above the 24,100 mark at the open, the Sensex jumped 310 points, and the Bank Nifty rose 0.28% in early trade.

    Market Recap

    On Thursday, the Sensex closed nearly flat at 77,186.87, up by just 1.44 points, while the Nifty 50 ended 5.75 points (0.02%) lower at 24,072.75. The Indian rupee opened marginally higher at ₹96.29 per dollar on Friday, compared to the previous close of ₹96.35.

    Domestic institutional investors (DIIs) remained net buyers on July 16, purchasing shares worth ₹2,986.41 crore. In contrast, foreign institutional investors (FIIs) turned aggressive net sellers, offloading equities worth ₹4,205.56 crore.

    Sensex Outlook

    Technically, the Sensex formed a small candle on the daily chart and showed non-directional activity on the intraday timeframe, indicating indecisiveness among traders.

    Shrikant Chouhan, Head of Equity Research at Kotak Securities, commented: “As long as the market is trading within the 77,000 to 77,500 range, the range-bound texture is likely to continue. On the positive side, above 77,500, the market could move till 77,800–78,000. On the downside, below 77,000, selling pressure is likely to accelerate. Below this level, the market could retest 76,500–76,300.”

    Nifty 50 Outlook

    The Nifty 50 continues to remain in a consolidation phase after ending Thursday’s session with a small bearish candle. Bajaj Broking Research noted: “The index is seen consolidating in a range. We expect the index to extend the recent consolidation and trade in the range of 23,800–24,350.”

    The brokerage highlighted that the immediate support zone lies around 24,000–23,950. As long as the index sustains above this level, analysts expect a recovery towards the upper end of the consolidation range. “We expect the index to hold above the same and witness a pullback towards 24,250–24,350 levels, being the upper band of the recent consolidation range. Short-term support is placed at 23,800 levels, being the confluence of the almost identical low of the last 4 weeks and 50 days EMA. While only a breakout above 24,350 will signal strength and open upside towards 24,600 levels, being the high of April 2026.”

    Bank Nifty Outlook

    Bank Nifty also remained under pressure during Thursday’s session, forming a bearish candle as traders booked profits near higher levels. The banking index continues to remain below the 58,000 mark.

    Bajaj Broking stated: “On the upside, 58,700 remains the immediate hurdle. A decisive close above this level would confirm a breakout from the ongoing consolidation and could trigger the next leg of the rally towards 59,300 and eventually 60,000 levels in the coming weeks.”

    On the downside, analysts believe the 56,500–56,000 zone remains a strong support area as it coincides with both the 20-week and 50-week exponential moving averages (EMAs).

    Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers should conduct their own research before making any investment decisions.