Mid-Day 02 July 2025: Nifty Below 25,500, Bank Nifty Drops – Sector Pressure Mounts
By CapitalKeeper | Mid Day | Indian Equities | Market Moves That Matter
Indian stock market weak at mid-day on 02 July 2025. Nifty trades near 25,489 and Bank Nifty near 57,119. Sector performance, global cues, and intraday trends inside.
🕛 Market Snapshot – Mid-Day Check
| Index | Open | Current (12:45 PM) | Trend |
|---|---|---|---|
| Nifty 50 | 25,588.30 | 25,488.90 | 🔻 Weak |
| Bank Nifty | 57,588.20 | 57,119.15 | 🔻 Selling Pressure |
| Sensex | 83,790.72 | 83,519.40 | 🔽 Mild Drop |
| Fin Nifty | 27,157.20 | 26,933.45 | 🔻 Bearish Bias |
🌐 Global Cues & Market Mood
- US Markets closed mixed as traders await Fed minutes later tonight.
- Asian Markets largely in red – Hang Seng, Nikkei under pressure.
- SGX Nifty indicates continued weakness, mirroring local sentiment.
- Crude Oil hovers near $84.10/bbl – mildly inflationary.
- INR steady at 83.52/USD, no significant currency shock.
- VIX edges higher to 13.55, indicating rising uncertainty.
📊 Technical View
🔹 Nifty 50:
- Index showing signs of weakness below 25,500 psychological mark.
- 📌 Resistance: 25,650
- 📌 Support: 25,450 (if breached, 25,300 next target)
🔹 Bank Nifty:
- Profit booking visible after morning highs.
- 📌 Resistance: 57,600
- 📌 Support: 57,000 (important for trend stability)
🏛️ Sectoral Outlook (Mid-Day)
| Sector | Trend | Remarks |
|---|---|---|
| 🏦 PSU Banks | 🔼 Mild Positive | SBI and BoB holding support zones |
| 💊 Pharma | 🔼 Positive | Defensive buying seen – CIPLA, Dr. Reddy’s |
| ⚙️ Capital Goods | 🔽 Weak | L&T under pressure after initial gains |
| 📦 FMCG | 🔁 Flat | ITC & HUL steady amid market weakness |
| 🔧 Auto | 🔻 Bearish | Tata Motors, M&M underperforming |
| 💻 IT | 🔽 Selling Pressure | HCL Tech, Infosys slipping below key MAs |
📌 Key Market News & Events
- FII/DII Data: FIIs turned mild sellers yesterday; cautious sentiment prevails.
- Fed Minutes Tonight: Global investors await commentary on inflation and rate cut prospects.
- Monsoon Update: Progress slightly below average in Central India, mild impact on rural sector.
- Earnings Season: Early build-up visible in financials & select consumption stocks.
📈 5 Intraday Stock Ideas – BTST Watchlist
| Stock | CMP (Approx) | View | Target | SL |
|---|---|---|---|---|
| CIPLA | ₹1,511.00 | Bullish | ₹1,575 | ₹1,501 |
| Redington | ₹314.50 | Breakout Watch | ₹326 | ₹302 |
| IDBI | ₹103.20 | Accumulation | ₹109 | ₹97.50 |
| RBL Bank | ₹253.40 | Strong Volume | ₹270 | ₹238 |
| Vedanta (VEDL) | ₹469.30 | Metal Rebound | ₹482 | ₹456 |
📌 CapitalKeeper View: Mid-Day Pulse
“Markets trading in a cautious zone post morning optimism. Nifty faces pressure near 25,650 and continues to struggle below 25,500. Pharma and PSU banks offer relative strength, while auto and IT lag. Maintain selective long positions with strict stop-losses. Watch for a post-lunch directional move ahead of US Fed data.”
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