Thursday’s market debut in Mumbai was subdued, influenced by soft overseas markets and buildup to the Economic Survey 2025-26. Sensex opened at 82,367.21, a slim 0.03% or 22.53-point rise. Nifty was equally tepid, up 0.01% or 2.25 points to 25,345.
Profit booking ensued rapidly, sending Nifty under 25,300 and Sensex lower by 200 points. Latest figures show Sensex at 81,897.36 (-447 points, -0.54%) and Nifty at 25,218.35 (-124 points, -0.49%).
Sectoral indices mostly declined, with IT (-0.77%) and auto (-0.76%) hit hardest. Metals shone bright, realty and oil & gas up 0.4%. Nine of 15 NSE sectors were red.
Smallcaps (+0.45%) and midcaps (+0.06%) outperformed benchmarks. Investors await FM Sitharaman’s survey tabling.
Top Sensex performers: L&T, Tata Steel, NTPC, Power Grid, SBI, Eternal, Axis Bank. Laggards: Maruti Suzuki, Indigo, BEL, Asian Paints, HUL, Titan.
Hitesh Tayler of Choice Broking: ‘Cautious stance persists; reliance on global cues, oil prices, FII/DII moves.’
Yesterday’s Nifty resilience above 25,300 rode on EU trade buzz. Support at 25,200 firm, resistance 25,400-25,500. Downside risk if 25,200 breaks.
Expert tip: Disciplined investing in quality stocks during corrections; long above Nifty 25,700.