On Monday, the Sensex dropped down 247 points or 0.30% to close at 82,253.46, while the Nifty 50 declined 67.55 points, or 0.27%, to settle at 25,082.30. The broader sell-off has pulled the Sensex down 1.7% and the Nifty 50 nearly 1.7% over the past four sessions.
Here’s how analysts read the market pulse:
Consolidation continued in the domestic market as the tariff headlines and a subdued start to the earnings season are influencing investors to be more sensitive with valuation trading at 3yrs high level, said Vinod Nair, Head of Research, Geojit Investments.“However, stock-specific action continues with sector wise pick-up in healthcare, realty, consumer & discretionary, while IT remains the laggard due to the risk of earnings downgrades in FY26,” said Nair.
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US markets
Wall Street fell marginally on Monday as investors ran into President Donald Trump’s latest tariff threats against the EU and Mexico, starting a week loaded with economic data and major second-quarter earnings.Trump ramped up trade tensions over the weekend, vowing to slap a 30% tariff on most imports from the European Union and Mexico starting August 1 – a move that leaves the clock ticking for last-minute trade deals.
The EU extended its pause on retaliatory measures until early August, holding out hope for a negotiated truce. The White House said talks with the EU, Canada and Mexico are still underway.
Trump’s latest salvo follows last week’s tariff offensive, which targeted the United States’ close allies like Canada, Japan, and South Korea, and a 50% duty on copper.
Tech View
The Nifty continues to decline as tariff tensions weigh on market sentiment, said Rupak De, Senior Technical Analyst at LKP Securities, adding that participants are also awaiting CPI data from both India and the U.S., which is further dampening sentiment.
“Technically, the index slipped towards 25,000 on an intraday basis, which is very close to the 50-DMA. On the lower end, support is placed at 24,900–24,950. If this zone holds, a rally towards 25,350 looks possible. However, failure to sustain above 24,900 may trigger a deeper phase of correction,” De said.
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Most active stocks in terms of turnover
Ola Electric Mobility (Rs 2,675 crore), JP Power (Rs 2,655 crore), BSE (Rs 1,863 crore), Neuland Labs (Rs 1,672 crore), Reliance Industries Ltd (Rs 1,534 crore), Infosys (Rs 1,440 crore) and Eternal (Rs 1,360 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
JP Power (Traded shares: 103.33 crore), Vodafone Idea (Traded shares: 93.90 crore), Ola Electric Mobility (Traded shares: 59.73 crore), YES Bank (Traded shares: 8.10 crore), Vishal Mega Mart (Traded shares: 5.81 crore), Eternal (Traded shares: 5.01 crore) and Sagility India (Traded shares: 4.07 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Ola Electric Mobility, Neuland Labs, JP Power, Anand Rathi Wealth, Godfrey Philips, Vodafone Idea and Piramal Enterprises were among the stocks that witnessed strong buying interest from market participants.
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52 Week high
Over 182 stocks hit their 52 week highs today while 57 stocks slipped to their 52-week lows.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were GRSE, Techno Electric, RattanIndia Enterprises, Siemens Energy India, Berger Paints, Cochin Shipyard and Sarda Energy.
Sentiment meter neutral
The market sentiments were neutral. Out of the 4,340 stocks that traded on the BSE on Monday, 2,188 stocks witnessed declines, 2,012 saw advances, while 140 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)
