Mid‑Day Market Update 31 July 2025: Nifty & Bank Nifty Rally as Tariff Shock Rebounds
By CapitalKeeper | Mid Day | Indian Equities | Market Moves That Matter
Indian stock markets bounce back mid‑day on July 31, 2025. Nifty recovers to 24,897, Bank Nifty rallies past 56,300, and Fin Nifty leads financial strength. IT and pharma stocks dip on U.S. tariff fears. Sector-wise strategy, key levels, and global cues explained.
📊 Index Snapshot (Mid‑Day, July 31)
- Nifty 50: Opened at 24,642.25, recovered to 24,897.45 (+255.20 pts; +1.04%)
- Bank Nifty: From 55,728.15 to 56,305.15 (+577.00 pts; +1.04%)
- Fin Nifty: Climbed from 26,495.15 to 26,820.50 (+325.35 pts; +1.23%)
Markets rebounded strongly after an early tariff-induced sell-off, fueled by relief buying in banking and select defensive names.
🔍 Sector-wise Highlights & Movers
🏦 Financials & Bank Nifty
- Financial sector drove the rebound. Jio Financial Services spiked 3% post-warrant approval, while insurance plays and private banks gained amid renewed domestic interest.
🧑💻 Information Technology & Exporters
- Export-facing sectors like IT, Pharma, Textiles, and Auto Components remain under pressure after the surprising U.S. 25% tariff announcement on Indian goods.
Pharma majors like Dr. Reddy’s and Sun Pharma dipped 3%.
🛍️ FMCG & Defensive Plays
- FMCG stocks outperformed — HUL, Godrej, ITC, and Dabur gained 1–2% on resilient Q1 earnings and defensive flows.
🏗️ Infrastructure & Earnings Boosters
- Larsen & Toubro (L&T) rallied 4% after a strong Q1 earnings beat, supporting broader infrastructure and mid-cap indices.
📈 Technical Levels & Intraday Triggers
Nifty
- Broke below initial support at 24,700, then rebounded sharply.
- Resistance zones: 24,900–25,000
- Key support: 24,650–24,700
Trade Setup:
Consider long positions near 24,700 on dip buying, with targets at 24,900 / 25,000 and stop-loss around 24,630.
Bank Nifty
- Sustained momentum above 56,000, strong rebound from early weakness.
- Resistance: 56,400–56,500
- Support: 56,100
Trade Setup:
Ride the rally from 56,000 zone toward 56,400, with SL around 56,000.
Fin Nifty
- Leading gains as financial space rallies.
- Resistance: 26,850–27,000
- Support: 26,700
Trade Setup:
Long above 26,700 targeting 26,850–27,000; stop-loss at 26,650.
🌍 Macro & Global Backdrop
- Trump’s 25% U.S. tariff announcement rattled markets — the rapid depreciation of the rupee (to ₹87.74/USD) and equity indices early prompted a sharp session-wide recovery.
- Rupee near record low — RBI likely intervened to stabilize levels modestly around ₹87.56/USD.
- Broader market sentiment oscillates — Export-heavy sectors remain vulnerable, while domestic consumption and financial themes are driving intraday flows.iations (deadlines Aug 1) remain a major swing factor for policy-sensitive sectors.
🛎️ Intraday Watchlist
| Theme | Key Stock(s) | Notes |
|---|---|---|
| Resilient Banking | Kotak, SBI Life, Jio Financial | Watch for continuation in rebound momentum |
| Exporters Selling | Dr Reddy’s, Sun Pharma, IT firms | Monitor sentiment, next catalyst |
| Infrastructure | L&T, mid-cap construction pack | Earnings boost continues momentum |
| Defensive Interest | HUL, ITC, Dabur | Safe-haven trading amid volatility |
✅ Mid‑Day Market Verdict
Despite the U.S. tariff shock, Indian stock markets managed a sharp recovery into the afternoon. Banks and infrastructure names powered the rebound, while export-sensitive sectors remain under pressure. Key levels to monitor — Nifty at 24,700/24,900, Bank Nifty at 56,000/56,400, and Fin Nifty at 26,700/26,850. A close above resistance zones may signal renewed confidence; sustain below support could usher continued volatility.
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