The Nifty 50 fell below the midline of the Bollinger Bands on both the daily and weekly charts, although it marginally managed to defend the 10-week EMA on a closing basis.
Jefferies had set a Nifty 50 target of 26,600 for the end of calendar year 2025
Sensex, Nifty extended decline on concerns over higher US visa fees and persistent FII outflows.
The Nifty 50 managed to defend 25,000, which can be considered immediate support. Below this, the 24,900–24,800 levels are to be watched. However, on the higher side, 25,150–25,250 are expected hurdles in the upcoming sessions, experts said.
The negative trend is expected to prevail in the market. Below are some short-term trading ideas to consider.
Sentiment has definitely turned negative for the short term, with further weakness in momentum indicators. The next crucial support is placed at the 24,900 level. A decisive fall below this could strengthen the bears, however, 25,150 is expected to be a resistance, according to experts.
AHIH Resorts and Retreat Private Limited bought 88.28 lakh shares of Coffee Day, while CEO Malavika Hegde sold 88.28 lakh shares (4.18%)
For the year so far, FIIs have been net sellers of shares worth Rs 2.29 lakh crore, while DIIs have net bought shares worth Rs 5.55 lakh crore.
The fund, according to the AMC, is designed to deliver FD-plus returns with low volatility, combining equity, debt and derivatives.
Sensex fell 386.47 points or 0.47 percent to close at 81,715.63. During the day, it dropped 494.26 points or 0.6 percent to 81,607.84. The Nifty shed 112.60 points or 0.45 percent to settle at 25,056.90.
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Sensex, Nifty declined as US' proposed shift to a wage-based system for allocating H-1B visas could hurt Indian IT services exporters.
According to experts, the Nifty 50 is expected to be in the 25,000–25,500 range in the near term, as breaking either side of the range can give firm direction.
The market may see some more consolidation amid rangebound trading in the upcoming sessions. Below are some short-term trading ideas to consider.
Overall, the Nifty 50 is expected to trade in the 25,000–25,500 range in the near term. A decisive break below 25,000 could widen the selling pressure, whereas a move above the upper range may open the door for a rally toward 25,700, according to experts.
The 5.4 percent units of Energy Infrastructure Trust were bought by Neo Infra Income Opportunities Fund, B Arunkumar Capital & Credit Services, Pico Capital, and Neo Wealth Partners.
Returns range from a high of 2.84% (Valcreate's thematic focus on digital disruption) to a low of 0.75% (Ambit's large-cap quality-oriented approach).
Over the year, FIIs have remained significant net sellers with outflows totaling Rs 2.27 lakh crore, while DIIs have been strong net buyers, investing Rs 5.54 lakh crore.
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The monthly options data suggested that the Nifty may remain within the 25,000-25,500 range in the near term.
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Bank stocks saw strong buying post-noon, helping drive the broader market recovery.
Slippages across banks have risen 26% on-year to Rs 63,000 crore, with private banks recording a sharper 41% rise, said Siddhartha Bhaiya of Aequitas Investment, adding that a rise in lower-quality retail loans coupled with lack of low-cost CASA deposits has resulted in some stress in the microfinance space.
Sensex, Nifty declined as concerns over higher US H-1B visa fees weighed on investor sentiment, with heavy selling pressure in IT shares.
If the Nifty 50 stays above it, renewed buying interest can drive the index toward 25,450–25,500; however, a decisive fall below it could drag the index toward 25,000.