Stocks Lead the Charge with MARUTI, M&M, and INDUSINDBK in Focus, While Nifty Realty and Metal Sectors Lag

Positive Start to 2025: Indices Edge Higher, Led by Financials and Media

Despite the mixed performance in sectors and individual stocks, the broader market sentiment remains positive, with 2,372 stocks advancing compared to 1,175 stocks declining.

Indices faced a severe sell-off before the weekend as Nifty tumbled 1.10 per cent to close below the 17,800 level. Sensex plunged over 650 points while the broader indices also faced similar havoc.

On Wednesday, Bank Nifty jumped 1.5 per cent and closed decisively above the important psychological mark of 34,000.

After a solid start, Bank Nifty registered an intraday high of 34,361; however, it fell from grace and declined sharply by 600 points from the day’s high.

Monday’s trading session turned out to be a marvellous one for Bank Nifty as it closed with gains of over 1 per cent i.e. above the sloping trendline resistance and marked its highest closing level after June 13.  

Bank Nifty was observed to be resilient on a monthly expiry day as it gained nearly half a per cent.

On Tuesday, Bank Nifty ended with a loss of half a per cent. It opened at 33,578 and closed at the level of 33,642. 

Bank Nifty found resistance around the 20-DMA and thereafter, it declined 400 points from the day’s high before settling with a modest gain of over half a per cent.

Bank Nifty may open positive. After an hour, if it trades above 33,840, it’s a positive sign that may test 34,340.

Bank Nifty has formed a long-legged small body candle. After over 800 points of volatility, it failed close above the 8-EMA.

Bank Nifty on Wednesday closed in negative terrain and confirmed the previous day's shooting star candle. It has also moved below the previous day's low during the day.  

After a sharp decline, Bank Nifty was able to close in the green on Friday. It closed at the lowest level after May 2021, which is below the prior swing low.

On Thursday, Bank Nifty declined by a humongous 722 points or 2.17 per cent. With this sharp fall, it closed below its prior swing low, which was last marked in mid-May.

The equity markets are having a tough time due to a global selloff that intensified owing to the US inflation print that led the Federal Reserve to the monetary tightening. On June 13, the market ended deep in red with benchmark indices losing more than 2.5 per cent each. At the same time, Nifty Bank dipped more than 3.1 per cent underperforming the benchmark indices. RBL Bank faced the worst hit after RBI appointed R Subramaniakumar as its new MD & CEO for RBL Bank. The stock crashed 22 per cent in a single day putting a major drag on the banking index. 

Indices lost points for the third consecutive day as Nifty fell about 0.62 per cent to close at 16,025.80.

At market close today, the core equity indices i.e. Sensex and Nifty 50 were down by 1.25 per cent each. Weaker global cues, the aggressive rate hike confirmation from FED Chairman, and rising bond yield in the US coupled with a volatile rally in technology sector stocks have led to the bloodbath on the bourses yet again.  

The market is currently trading in favour of advances and the advance to decline ratio stands as 163:131.  

The market is currently trading in favour of advances, with the advance to decline ratio standing as 172:119. 

Today’s RBI MPC meeting was quite significant, considering the increasing Omicron scare and update on RBI’s stance on the economy.