Why are Sensex and Nifty Trading Flat After Early Losses?
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Synopsis
The Indian stock market is currently trading flat, recovering from early losses on mixed global cues. Realty stocks show resilience, while concerns linger over delayed trade talks between India and the US. Will the market stabilize, or will selling pressure continue? Stay updated on key movements and insights.
Key Takeaways
- Sensex and Nifty are trading flat after early losses.
- Realty stocks are currently leading the market.
- Key support levels for Nifty are 24,600 and 24,500.
- FIIs are on a selling streak, impacting market sentiment.
- Investors should adopt a cautious, informed approach.
Mumbai, July 29 (NationPress) The Indian stock market is currently experiencing a flat trading session following some initial losses on Tuesday, influenced by a mix of global indicators.
As of 9:29 am, the Sensex has shown negligible movement, gaining merely 1.69 points to reach 80,892 points. The Nifty index is up by 16 points, or 0.06 percent, standing at 24,696. Initially, both indices opened lower, with the Nifty around 24,600.
“Post a negative start, the Nifty could find support at 24,600, followed by 24,500 and 24,300. On the upside, 24,800 serves as immediate resistance, with 24,900 and 25,000 following,” stated Hardik Matalia from Choice Equity Broking.
A consistent rise above 25,000 is critical for alleviating the current selling pressure. The short-term outlook remains bearish unless the index trades above this level, and adopting a ‘sell-on-rise’ strategy is recommended, he added.
During the opening session, Nifty realty stocks were in the lead, whereas Nifty IT saw a decline of 0.32 percent. The Nifty Bank concluded nearly unchanged with a dip of 0.01 percent.
Among the top gainers in the Nifty pack were JSW Steel, Jio Financial, IndusInd Bank, Reliance Industries, and Shriram Finance.
Conversely, Eternal suffered a drop of 1.64 percent, followed by Infosys, SBI Life Insurance, Wipro, and Bharat Electronics.
Analysts have pointed out that the ongoing uncertainty surrounding a potential trade agreement between India and the US is weighing on market performance, with diminishing odds for a deal ahead of the August 1 deadline.
In the US markets, the Dow Jones fell by 0.14 percent, while the Nasdaq rose by 0.33 percent, and the S&P 500 ended almost flat with a slight gain of 0.02 percent.
Asian market sentiment remained generally subdued as investors anticipated results from ongoing US-China trade discussions. Japan’s Nikkei 225 dropped 0.91 percent, while Hong Kong’s Hang Seng Index fell 0.93 percent.
However, South Korea’s Kospi saw a rise of 0.59 percent, and the Chinese markets remained mostly flat during the morning.
Foreign Institutional Investors (FIIs) continued their selling trend for the sixth consecutive day, indicating sustained pressure on the broader market sentiment. FIIs sold equities worth Rs 6,082 crore yesterday, whereas Domestic Institutional Investors (DIIs) purchased equities worth Rs 6,764 crore.
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Point of View
It's essential to highlight that the Indian market's current behavior reflects broader global uncertainties. The possible trade deal between India and the US remains a significant concern. Investors should remain cautious and informed, utilizing a balanced approach to navigate this fluctuating landscape.
NationPress
31/07/2025
Frequently Asked Questions
What is causing the flat trading in the Indian stock market?
The flat trading is attributed to mixed global cues and ongoing uncertainties regarding trade talks between India and the US.
Which sectors are performing well in the current market?
Currently, realty stocks are leading the market, while the IT sector is experiencing declines.
What are the key support and resistance levels for Nifty?
Support levels for Nifty are at 24,600, 24,500, and 24,300, with resistance at 24,800, 24,900, and 25,000.
How are foreign institutional investors affecting the market?
FIIs have continued their selling trend, impacting market sentiment negatively.
What is the outlook for the Indian stock market?
The short-term outlook remains weak unless Nifty trades above the 25,000 mark, indicating a need for caution in investment strategies.
