The Nifty ends 34 points higher, while the Sensex gained 144 points.
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, July 30, 2025: Today, the benchmark indices witnessed narrow-range activity. The Nifty ends 34 points higher, while the Sensex gained 144 points. Among sectors, selective buying was seen in capital goods stocks, whereas the Realty and Media indices continued to experience profit booking at higher levels. Technically, after a muted open, the market hovered between 24,770/81,200 and 24,900/81,600 price ranges. A small candle on the daily charts and the narrow range activity on intraday charts indicate indecisiveness between bulls and bears.
We are of the view that as long as the market trades above 24,750/81,200, the pullback formation is likely to continue. On the higher side, the market could move up to 25,000/82,000, with further upside potentially pushing the indices to 25,075/82,200. On the downside, if the market falls below 24,750/81,200, we could see a fresh round of selling. Below this level, the market is likely to retest the levels of 24,650-24600/81,000-80,700.
The intraday market texture is non-directional. Therefore, level-based trading would be the ideal strategy for day traders.
Gaurav Garg, Lemonn Markets Desk, adds: “Markets are trading on a mixed note in early session on Wednesday, with the Nifty edging up nearly 40 points but still below the 24,900 mark, while the Sensex holds firm above 81,000. Gains are largely driven by strong earnings from index heavyweight Larsen & Toubro, which is up 4% after reporting a 67% surge in net profit. On the flip side, Tata Motors is down 4% amid concerns linked to its acquisition of an Italian company.
In the broader market, the Nifty Bank index is slightly in the red, while the Midcap index has staged a sharp intraday recovery, trimming losses by nearly 200 points. The SmallCap index continues to face mild selling pressure with losses of around 0.20%. Focus will now shift to fresh earnings from key names like PNB, Tata Steel, and IndiGo. Adding to the market dynamics, liquidity could be impacted by the simultaneous launch of six IPOs. including the much-awaited Rs4,011 crore issue from NSDL."
