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The S&P BSE Sensex declined 173.77 points, or 0.21%, to finish at 82,327.05, while the NSE Nifty 50 slid 58 points, or 0.23%, closing at 25,227.35.
Here’s how analysts read the market pulse:
The domestic markets started the week on a cautious note as the ongoing U.S. government shutdown and escalating U.S.-China trade tensions triggered risk-off sentiment across Asia, said Vinod Nair, Head of Research at Geojit Investments, adding that profit booking in consumption and discretionary sectors after recent rallies indicated a tactical shift in investor positioning. “Mixed Q2 earnings further weighed on sentiment, with IT stocks underperforming, while financials attracted selective buying following regulatory easing. Mid-cap and small-cap stocks maintained a positive undertone. Although a marginal recovery in the INR and softening inflation expectations helped cushion losses, overall sentiment remained guarded, keeping markets under a slight negative bias,” said Nair.
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US markets
Wall Street’s main indexes advanced on Monday, rebounding from the previous session’s sharp pullback, as investors returned to risk assets after President Donald Trump’s softer tone eased concerns over renewed U.S.-China trade tensions.
Aiding sentiment, U.S. Treasury Secretary Scott Bessent said in an interview with Fox Business Network on Monday that Trump was on track to meet his Chinese counterpart in South Korea as the two sides work on de-escalating trade frictions.
“Don’t worry about China,” Trump said on his social media platform Sunday. He also said that China’s leader, Xi Jinping, “doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!!”
It was a sharp turnaround from the anger Trump displayed on Friday, when he accused China of “ a moral disgrace in dealing with other Nations.”
European Markets
European shares staged a modest comeback on Monday, shaking off Friday’s bruising selloff after U.S. President Donald Trump toned down his aggressive trade stance toward China.
The pan-European STOXX 600 index ticked up 0.4%, clawing back some losses from a 1.3% plunge after Trump threatened a 100% tariff on Chinese goods in a reprisal against China for curbing its critical mineral exports.
Tech View
The Nifty index witnessed some profit booking at higher levels amid weak global cues, however, it managed to defend and close above its immediate support at the 25,200 mark, said Nilesh Jain, Head of Technical and Derivatives Research at Centrum Broking, adding that the overall trend remains bullish as long as the index trades above 25,050, and a gradual upmove towards 25,400 appears likely in the near term.
“On the derivatives front, fresh Call writing was observed at the 25,300 strike, which now holds the highest open interest (OI) on the Call side. A decisive break above 25,300 could trigger short covering, paving the way for further upside. Meanwhile, the base has shifted higher to the 25,200 strike, indicating strong support at that level. Overall, the data setup looks positive, and a sustained move above 25,300 will confirm a follow-up rally in the index,” said Jain.
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Most active stocks in terms of turnover
Tata Investment (Rs 2,597 crore), Tata Motors (Rs 2,214 crore), BSE (Rs 2,126 crore), HDFC Bank (Rs 1,821 crore), ICICI Bank (Rs 1,231 crore), SBI (Rs 1,054 crore) and RIL (Rs 1,043 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 111.09 crore), YES Bank (Traded shares: 25.19 crore), Reliance Power (Traded shares: 8.20 crore), Adani Power (Traded shares: 6.49 crore), Suzlon Energy (Traded shares: 4.44 crore), Tata Motors (Traded shares: 3.32 crore) and BLS International Services (Traded shares: 2.57 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Jubilant Ingrevia, Tata Investment, KFIN Technologies, C.E. Info Systems, UTI AMC, ABSL AMC and L&T Finance were among the stocks that witnessed strong buying interest from market participants.
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52 Week high
Over 157 stocks hit their 52 week highs today while 122 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included SBI and Eternal.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were BLS International Services, Reliance Power, Tata Communications, Kaynes Technology, Emcure Pharmaceuticals, Redington and Authum Investment.
Sentiment meter bullish
The market sentiments were bullish. Out of the 4,459 stocks that traded on the BSE on Monday, 2,736 stocks witnessed declines, 1,558 saw advances, while 165 stocks remained unchanged.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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