Benchmark indices opened on a weak note Monday morning, with the Sensex opening at 81,299.97, lower than its previous close of 81,463.09, and trading at 81,311.84 at 9:50 am, down 151.25 points or 0.19 per cent. The Nifty 50 opened at 24,782.45 compared to its previous close of 24,837.00, and was trading at 24,811.90 at 9:50 am, down 25.10 points or 0.10 per cent, extending the market’s weakness into a fourth consecutive week of losses.
The Nifty 50, which closed Friday at 24,837, opened at 24,782.45, while the Sensex opened at 81,299.97 against its previous close of 81,463.09. Market analysts attributed the continued weakness to sustained foreign institutional investor (FII) selling, disappointing quarterly earnings, and global uncertainty.
“After Friday’s sharp drop, Nifty remains under pressure with resistance at 25,421 and support at 24,473. Sentiment is hit by weak Q1 earnings, FII selling and global uncertainty,” said Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd.
Foreign institutional investors have maintained their selling streak, offloading equities worth ₹1,979 crore on July 25 alone, marking the fifth consecutive session of net selling. For the month of July, FIIs have sold ₹30,287 crore worth of equities, while domestic institutional investors remained net buyers with ₹2,138 crore invested on the same day.
The IT sector continued to face pressure following workforce reduction announcements. “The sharp cut in the IT index has been dragging the market down, and there is no respite in this in view of the 2 per cent cut in its global workforce announced by TCS,” noted Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited.
Among individual stocks, Shriram Finance led the gainers with a 2.36 per cent increase to ₹630.40, followed by Bajaj Finserv which gained 1.29 per cent to ₹2,011.50. SBI Life Insurance rose 1.18 per cent to ₹1,853.80, while Adani Enterprises and Tata Motors both gained 1.17 per cent, trading at ₹2,580.00 and ₹695.45 respectively.
On the losing side, Kotak Mahindra Bank suffered the steepest decline, falling 6.34 per cent to ₹1,990.00. TCS dropped 1.36 per cent to ₹3,093.00, while Hindalco declined 1.21 per cent to ₹685.05. Bharti Airtel and Infosys also retreated, losing 0.82 per cent and 0.73 per cent to ₹1,922.10 and ₹1,504.70 respectively.
The banking sector showed mixed performance, with Bank Nifty facing resistance in the 57,200-57,300 zone. “The Bank Nifty closed the week near 57,010 and continued to face stiff resistance. The index remains in a consolidation phase, with immediate resistance seen around 57,000,” observed Mandar Bhojane, Senior Technical & Derivative Analyst at Choice Equity Broking.
Several sectors witnessed profit booking during the previous week’s sessions, including media, energy, and metals. However, market experts identified potential buying opportunities in banking, financial services, automotive, energy, and IT sectors, while defensive pharmaceutical stocks may witness positive bias amid increasing volatility.
“The Nifty index has experienced its first four-week continuous decline, which has raised concerns about the next moves in the market. The Nifty is trading around the 24,800 mark, with crucial support levels between 24,400 and 24,500,” said VLA Ambala, Co-Founder of Stock Market Today.
Technical analysts highlighted key resistance and support levels for the market. “For any meaningful upside to resume, the index needs to decisively close above the 25,150 mark. A breakout above this level could open the door for higher targets around 25,500 and 25,700,” Bhojane added.
The market’s technical outlook remained cautious, with the Nifty having breached its 50-day exponential moving average on Friday, a key trading support level for short-term traders. “Bears clearly have the upper hand and will continue to do so until the nifty is able to get past the 25245-25340 area. Near-term support is now at 24700,” stated Akshay Chinchalkar, Head of Research at Axis Securities.
Key earnings announcements scheduled for the day include Adani Green Energy, Ajanta Pharma, Bharat Electronics, IndusInd Bank, Mazagon Dock, NAM-India, NTPC Green Energy, Torrent Pharma, and Waaree Energies, which could influence market sentiment during the trading session.
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Published on July 28, 2025