How is the Indian stock market performing today?
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Synopsis
On July 4, the Indian stock market saw a slight uptick in its benchmark indices amidst mixed global signals. Early trading highlighted gains in the IT, PSU bank, and financial services sectors, setting an intriguing stage for investors ahead of upcoming Q1 results.
Key Takeaways
- Indian stock market opens slightly higher.
- IT, PSU bank, and financial services sectors show strength.
- Nifty faces support levels at 25,222 and 25,120.
- FIIs continue to sell, while DIIs are buying.
- Upcoming Q1 results expected to be company-specific.
Mumbai, July 4 (NationPress) The domestic benchmark indices have commenced the day with a slight increase on Friday, influenced by mixed global trends, as early trading revealed purchases in the IT, PSU bank, and financial services sectors.
At approximately 9:34 am, the Sensex recorded an uptick of 32.52 points, representing a rise of 0.04 percent, at 83,271.99. Meanwhile, the Nifty index saw an addition of 3.45 points or 0.01 percent, reaching 25,408.75.
Experts noted that while the Nifty 50 began on a positive note, it struggled to maintain momentum, breaking through its intraday support level at 25,450, and forming a bearish candlestick pattern on the daily chart.
"This situation could indicate a possible trend reversal; however, further validation is necessary. A consistent move above 25,600 might set the stage for a surge towards 25,750," stated Hardik Matalia, a Derivative Analyst at Choice Broking.
On the downside, immediate support levels are identified at 25,222 and 25,120, which may serve as potential entry points for long positions, he added.
The Nifty Bank index rose by 9.90 points, or 0.02 percent, to reach 56,801.85 in early trading.
The Nifty Midcap 100 index was listed at 59,771.65 after gaining 88.40 points, or 0.15 percent. The Nifty Smallcap 100 index stood at 19,051.80, reflecting an increase of 24.75 points, or 0.13 percent.
Analysts emphasized that investors should monitor potential shifts in the earnings growth trajectory, with insights expected to emerge from the upcoming Q1 results. Notably, outperformances in results are anticipated to be company-specific rather than sector-wide.
In the Sensex roster, Bajaj Finance, Bajaj Finserv, BEL, HDFC Bank, and Hindustan Unilever Limited emerged as the top gainers. Conversely, Trent, Tata Steel, Tech Mahindra, and Titan were the primary losers.
On the institutional side, Foreign Institutional Investors (FIIs) prolonged their selling streak for the fourth day in a row, divesting equities worth ₹1,481.19 crore on July 3. In contrast, Domestic Institutional Investors (DIIs) continued their purchasing activities, acquiring equities valued at ₹1,333.06 crore on the same day.
Across the Asian markets, Bangkok, Hong Kong, Japan, Seoul, and Jakarta were trading negatively, while only China was experiencing gains.
In the previous trading session, the Dow Jones in the US closed at 44,828.53, marking an increase of 344.11 points, or 0.77 percent. The S&P 500 concluded with a gain of 51.93 points, or 0.83 percent, at 6,279.35, and the Nasdaq finished at 20,601.10, up 207.97 points, or 1.02 percent.
Viram Shah, Founder and CEO of Vested Finance, remarked that US markets closed significantly higher on Thursday, but the scenario remains mixed. A stronger-than-expected jobs report (147,000 jobs added) and a drop in unemployment to 4.1 percent contributed to the S&P 500 and Nasdaq reaching record highs.
Point of View
I observe the market's fluctuations with a sense of responsibility to inform our audience. The mixed signals from global markets combined with sector-specific performances indicate a cautious yet hopeful outlook. It is essential for investors to stay informed and make decisions based on solid analysis and emerging trends.
NationPress
11/07/2025
Frequently Asked Questions
What sectors are leading the market today?
Today, the IT, PSU bank, and financial services sectors are leading the market as evidenced by early trading activities.
What are the key support levels for Nifty today?
The immediate support levels for Nifty are seen at 25,222 and 25,120.
How did foreign and domestic investors perform recently?
Foreign Institutional Investors (FIIs) have been selling off equities, while Domestic Institutional Investors (DIIs) have continued their buying activities.
What is the outlook for the upcoming Q1 results?
Analysts suggest that earnings growth will likely be company-specific rather than sector-wide, so investors should monitor individual performance closely.
How did the US markets perform recently?
The US markets closed significantly higher, with the Dow Jones, S&P 500, and Nasdaq all recording gains.
