Nifty’s key support levels at risk as bears return; Nykaa block deal in focus | Market Minutes

Indian markets turned cautious as the Nifty slipped below key support levels in intra-day trade on July 2, with financials dragging and midcaps snapping an eight-session winning streak. Traders are gearing up for another choppy session on weekly expiry day. In stocks to watch, all eyes are on a major block deal in Nykaa, while Avenue Supermarts, PNB, Indian Bank, Aurobindo Pharma, and Voltas are also in focus on the back of key updates. On the global front, the U.S. has sealed a landmark trade deal with Vietnam, securing zero tariffs on American goods and full access to Vietnamese markets. Meanwhile, Foxconn pulls out Chinese workers from its India unit, and Microsoft announces fresh layoffs impacting 4% of its global workforce. Also in our Voice Of The Day Segment, Vinit Bolinjkar—Head of Research, Ventura Securities shares his outlook on the auto sector. Tune in for all this and more in today’s Market Minutes — your morning podcast that brings you the top stories to kickstart your trading day, covering stocks in the news, macro trends, and global market cues.

Moneycontrol News

July 03, 2025 / 08:33 IST