July 2, 2025
admin
Market Analysis by HDFC Securities for 3 Junly2025
by Nandish Shah, Deputy Vice President, HDFC Securities
Profit Booking Hits Markets as Realty, Financials Decline.
After opening 47 points higher, Nifty witnessed selling pressure and fell 230 points from early morning high of 25608. After 2:45 P.M. Nifty recovered some of its losses and ended the session with a fall of 88 points or 0.35%, to close at 25453.
Leading the charge among the top performers on the Nifty, demonstrating resilience, were Tata Steel, JSW Steel, and Asian Paints. Conversely, Shriram Finance, HDFC Life, and IndusInd Bank ended the session as major losers, facing the brunt of the selling. Trading volumes on the NSE cash market were slightly higher by 4% compared to yesterday.
The Indian Rupee also felt the pressure, depreciating by 18 paise against the greenback to close at 85.70. This fall in the rupee was primarily driven by the resurgent strength of the U.S. dollar against major global currencies, a prevailing risk-averse sentiment among investors, foreign fund outflows, and sustained dollar demand from hedgers.
Nifty Midcap and Smallcap Indices witnessed profit booking along with the Benchmark where Nifty Midcap 100 fell marginally by 0.14% while Nifty Smallcap 100 registered a fall of 0.41%. Market breadth turned weak after six day, with declining stocks outpacing advancing ones, as indicated by a BSE advance-decline ratio of 0.83.
Amongst the sectoral indices, Nifty Metals, Consumer durables, and Healthcare gained the most, demonstrating pockets of strong buying interest. Conversely, Nifty Realty, Financial services and PSU Banks were the major losers.
From a technical perspective, in this current correction phase for the Nifty, the previous swing highs of 25,317 and 25,222 could now act as immediate support levels. On the higher side, the band of 25,640-25,740 would continue to serve as a strong hurdle for the Nifty, indicating resistance for any upward moves.
- Market Analysis by Nagaraj Shetti
- Stock Market today by Vaishali Parekh
- Analysis by Kotak Securities
- Market Analysis by HDFC Securities
- Technical Analysis by Kotak Securities
- Technical Analysis by Samco Securities
- Reliance, Target & Stoploss
- Gold Analysis
- FII buy-Sell
- Technical Analysis
- Calls for the Day
- Currency Analysis
Quicklinks
