On July 29, 2025, the Indian stock market rebounded, ending a three-day decline, with the Sensex and Nifty closing higher in a broad-based rally. Gains in energy, PSU banks, and pharma sectors, along with positive global cues, drove the recovery despite mixed Q1 earnings. Below is a concise summary of the day’s market performance, key drivers, and sectoral trends.
Market Performance
BSE Sensex: Gained 324.53 points (0.40%) to close at 81,337.95, with an intraday high of 81,975.32 and a low of 81,463.42.
NSE Nifty 50: Rose 133.10 points (0.54%) to settle at 24,821.10, holding above the 24,800 mark, with an intraday range of 24,688 to 25,541.80.
Market Breadth: On the BSE, ~2,400 stocks advanced, 1,600 declined, and 150 remained unchanged out of ~4,150 traded stocks. Approximately 190 stocks hit the upper circuit, and 140 hit the lower circuit.
Volatility: The India VIX fell 3% to ~14.5, signaling reduced uncertainty and improved investor confidence.
Key Drivers
Global Market Cues: Positive global sentiment from a US-EU trade agreement and optimism around US-China trade talks lifted markets. The S&P 500 and Nasdaq opened higher, while Asian markets like Nikkei 225 (+0.7%) supported the rally.
Earnings Season: Mixed Q1 FY26 earnings impacted sentiment, with strong results in energy and pharma offsetting IT and realty weaknesses.
FII and DII Activity: Foreign Institutional Investors (FIIs) sold ~₹2,133.69 crore, while Domestic Institutional Investors (DIIs) bought ~₹2,617.14 crore, supporting the market.
Rupee Movement: The Indian rupee strengthened 9 paise to 86.43 against the US dollar, aided by a weaker dollar (DXY at 96.81) and positive equity flows.
Domestic Macros: Strong GST collections (₹2.01 lakh crore, May 2025) and an above-normal monsoon bolstered optimism, though US tariff concerns (August 1 deadline) persisted.
Sectoral Highlights
Sectoral Trends: Nifty Metal, Energy, FMCG, PSU Bank, and Pharma indices rose over 1%. Nifty IT fell ~1.7% due to weak earnings from stocks like Coforge and Persistent Systems. Nifty Auto was flat. Midcap and Smallcap indices gained 0.4% and 0.3%, respectively.
Broader Market: Large-cap energy and PSU banks led, with selective buying in mid and small-caps.
Market Sentiment: The market opened lower but recovered, driven by heavyweights like Jio Financial Services and L&T. GIFT Nifty futures at ~24,842 signaled a stable outlook.
Corporate Developments
Adani Green: Q1 profit rose 31% YoY to ₹824 crore, revenue up 29%.
Waaree Energies: Q1 net profit surged 89% to ₹745 crore, boosting renewables.
NTPC Green Energy: Q1 profit up 59%, supporting energy gains.
Omaxe Group: Secured ₹500 crore from Oaktree Capital for expansion.
Tata Trusts: Discussed Tata Sons’ listing status amid RBI deadlines.
Market Outlook
Technical Levels: Nifty support at 24,750–24,580 (100-day EMA), resistance at 24,900–25,000. Sensex support at 81,300–81,000, resistance at 82,200–83,000. A break above 24,950 could target 25,150.
Volatility Expectations: Lower VIX (~14.5) suggests stability, but US tariff talks and earnings may cause fluctuations.
Upcoming Triggers: US Core PCE data, Federal Reserve meeting, India’s Q1 FY26 earnings, and US tariff deadline (August 1) will drive sentiment. Monsoon progress and oil prices remain key.
Conclusion
On July 29, 2025, the Indian stock market closed higher, with the Sensex at 81,337.95 (up 0.40%) and Nifty at 24,821.10 (up 0.54%), led by energy, PSU banks, and pharma. Positive global cues, a stronger rupee, and DII buying offset FII selling and weak IT earnings. Investors should monitor Nifty’s 24,950 resistance and focus on energy and PSU banks while staying cautious of US trade developments and earnings.
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