Stock Market Closing Bell 1 August 2025: Nifty Slips 170 Points as August Futures Start Weak
By CapitalKeeper | Closing Bell | Indian Equity | Market Moves That Matter
Indian stock market closed lower on 1 August 2025 with Nifty at 24,565 and Bank Nifty at 55,617. August futures series opened in red; global cues mixed ahead of US jobs data.
Closing Bell: Weak Start to August Series – 1 August 2025
Market Summary
| Index | Open | Close | Change |
|---|---|---|---|
| Nifty 50 | 24,734.99 | 24,565.35 | 🔻 -169.64 pts (-0.69%) |
| Bank Nifty | 55,897.15 | 55,617.60 | 🔻 -279.55 pts (-0.50%) |
| Sensex | 81,074.41 | 80,599.91 | 🔻 -474.50 pts (-0.58%) |
| Fin Nifty | 26,619.40 | 26,492.50 | 🔻 -126.90 pts (-0.48%) |
Market Recap
- The August futures series opened with a negative tone, reversing the late July recovery.
- Nifty slipped below 24,600 after failing to sustain above 24,700 resistance levels.
- Banking, IT, and metals weighed heavily; FMCG showed relative resilience.
- Traders booked profits ahead of RBI policy next week and US jobs data tonight.
Key Drivers for Today’s Fall
- Weak global cues: Overnight US markets closed flat; Asian indices under pressure on growth concerns.
- Profit booking in heavyweights: Reliance, HDFC Bank, Infosys dragged indices lower.
- Derivative shift: Fresh short positions in August Nifty futures observed.
- Crude oil price uptick: Brent at $83.20/barrel weighed on sentiment for oil-importing India.
Global Market Snapshot
- US Futures: Slightly negative ahead of Non-Farm Payroll data release.
- European Markets: Flat to negative as investors digest inflation data.
- Asian Markets: Mixed – Nikkei down 0.4%, Hang Seng flat, Shanghai mildly positive.
- Commodities: Gold at $2,390/oz; crude oil near $83/barrel.
- Currency: INR stable at 83.74/USD.
Sectoral Highlights
Top Gainers
- FMCG: ITC, Britannia held gains amid defensive buying.
- Pharma: Sun Pharma, Cipla saw mild accumulation.
Top Losers
- Banking: HDFC Bank, Axis Bank led declines in Bank Nifty.
- IT Stocks: Infosys, Wipro dragged index due to weak global demand outlook.
- Metals: Tata Steel, Hindalco corrected on China demand concerns.
Technical Outlook
Nifty
- Support: 24,500 – 24,450
- Resistance: 24,750 – 24,850
- Trend: Weak below 24,650; recovery only above 24,750.
Bank Nifty
- Support: 55,400 – 55,200
- Resistance: 56,000 – 56,400
- Trend: Cautious; watch RBI policy for direction.
CapitalKeeper View
The August series has begun with profit booking and global caution, hinting at volatile sessions ahead. Traders should focus on support levels and avoid aggressive longs until Nifty reclaims 24,750. Defensive sectors like FMCG and pharma could outperform in the short term.
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