Indian Market Report: Nifty Holds 25,500 Amid Sensex Expiry & Major SEBI MF Overhaul
Benchmark Indices
The Indian equity markets ended a volatile session on a mixed-to-flat note. Early gains driven by IT and Pharma were pared by profit-booking during the monthly Sensex F&O expiry.
- Nifty 50: 25,496.55 (+14.05 pts | +0.06%)
- BSE Sensex: 82,248.61 (-27.46 pts | -0.03%)
- Nifty Bank: 61,193.90 (+152.45 pts | +0.25%)
- Nifty IT: 30,797.05 (+0.89%)
Top Market News Today
- SEBI's New MF Framework: The regulator introduced "Life Cycle Funds," a new goal-based category with automatic asset rebalancing based on investor age/maturity.
- Alembic Pharma USFDA Nod: The company received final approval for Lamotrigine Orally Disintegrating Tablets, boosting sentiment in the healthcare space.
- Reliance Subsidiary Shift: Reliance Enterprise Intelligence became a step-down subsidiary of RIL following a fresh share allotment to Meta.
- Lupin GST Check: The company was in the spotlight due to a GST inspection at its Mumbai office regarding tax credit claims.
Sectoral Performance
Automobiles and Pharma led the charge, while FMCG and specific heavyweights like HDFC Bank acted as a drag.
Top Gainers:
- Nifty Pharma: +1.08%
- Nifty IT: +0.89%
- Tata Motors PV: +2.93%
- Eicher Motors: +2.70%
Top Losers:
- Nifty Media: -0.92%
- Trent: -1.56%
- Coal India: -1.50%
- HDFC Bank: -1.28%
Institutional Flow (Provisional)
Strong conviction was seen in the cash segment today as both domestic and foreign institutions remained net buyers.
- FII Net Flow: +₹2,991.64 Crore
- DII Net Flow: +₹5,118.57 Crore
Global Markets
- Dow Jones: 49,482 (+0.63%)
- Nasdaq: Up 1.41% on the back of strong Nvidia earnings easing AI spending concerns.
- Asian Cues: Mixed. Nikkei 225 hit a record high of 59,000 intraday before settling at 58,753 (+0.29%). Hang Seng fell 1.44%
Commodities, Currency & Macros
- Gold (MCX): ₹1,62,050 per 10g (+₹10).
- Silver (MCX): ₹2,84,900 per kg (-₹100).
- Crude Oil: Brent at $71.12/bbl and WTI at $65.91/bbl, holding firm due to US-Iran negotiation risks.
- Rupee (USD/INR): Closed at 90.93, showing slight appreciation from the day's low.
Key Triggers
- Monthly Expiry: High churn was noted near the 25,500 Nifty level due to the Sensex F&O expiry.
- Macro Data: Markets are awaiting India's new GDP series data release scheduled for Friday.
- Geopolitics: Uncertainty over US tariff policies and US-Iran negotiations continue to keep global investors cautious.
Outlook for Tomorrow
Nifty remains range-bound between its 200-DMA (25,350) and 100-DMA (25,750). A decisive move above 25,600 could trigger short-covering, while a break below 25,300 may open the doors for a deeper correction toward 25,100.
