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Mid-Day Market Update | 03 June 2025: Indices Retreat Amid Global Pressures
By CapitalKeeper | Mid Day | Indian Equities | Market Moves That Matter
As of 12:30 PM IST, Indian equity markets have reversed early gains, with major indices trading lower:
- Nifty 50: 24,515 (▼271 points)
- Sensex: 80,659 (▼833 points)
- Bank Nifty: 55,493 (▼611 points)
- Fin Nifty: 26,219 (▼401 points)
The downturn is attributed to global uncertainties and profit booking at higher levels.
🌐 Global Cues Impacting Sentiment
- U.S. Futures: Trading flat to slightly negative, as investors await fresh cues from the Fed this week.
- Asian Markets: Nikkei and Hang Seng are in red due to China’s weak PMI data and subdued demand outlook.
- Crude Oil: Slight dip seen due to concerns over slowing global demand.
- GIFT Nifty: Indicating a weak tone, mirroring the slide in Indian benchmarks.
🔍 Sectoral Performance
🔻 Underperforming Sectors:
- Banking & Financials: Heavyweights like HDFC Bank and RBL Bank are under pressure, dragging the Bank Nifty and Fin Nifty.
- Information Technology: Stocks like TCS and Tech Mahindra are in the red amid U.S. tech pullback.
- Metals: Weak Chinese demand outlook continues to weigh on metal counters.
⚖️ Mixed Sectors:
- FMCG: Selective buying seen in defensive names like Hindustan Unilever and Dabur.
- Real Estate: Remains range-bound with weak volume participation.
📈 Technical Analysis – Key Levels
Nifty 50
- Support: 24,400 – 24,300
- Resistance: 24,650 – 24,750
- RSI: 44 – indicating weakening momentum
- MACD: Bearish crossover observed
Bank Nifty
- Support: 55,200 – 54,950
- Resistance: 55,900 – 56,100
- RSI: 41 – suggesting bearish sentiment
- MACD: Negative divergence forming
🔥 Top 5 Intraday Stocks to Watch
- Tata Motors (₹712.75)
- Trading lower by 0.45%; monitor for support around ₹710.
- HDFC Bank (₹1,557.30)
- Down by 0.34%; key support at ₹1,550.
- SBFC Finance (₹113.10)
- Declined by 1.21%; watch for reversal signals near ₹112.
- RBL Bank (₹212.35)
- Experiencing selling pressure; support lies at ₹210.
- UltraTech Cement (₹11,122.00)
- Down by 0.60%; monitor for stability above ₹11,100.
🏦 Institutional Activity
- Foreign Institutional Investors (FIIs): Continuing to be net sellers amid global uncertainties.
- Domestic Institutional Investors (DIIs): Providing support through selective buying.
📌 Mid-Day Summary
The Indian stock market is facing headwinds due to global economic concerns and profit booking. Key indices have slipped below opening levels, with sectorial weakness observed in banking, IT, and metals. Traders are advised to exercise caution and monitor global cues closely.
Note: The above analysis is based on current market data and technical indicators. Market conditions can change rapidly, and it’s essential to stay updated with real-time information.
📝 Mid Day Takeaway from CapitalKeeper
Intraday traders should manage risk as expiry-related volatility increases
Banking & Auto stocks driving market positivity
Nifty & Fin Nifty sustaining intraday support, hinting at strong close
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