So Indian markets ended Tuesday on positive note,which honestly looks decent considering how mixed everything else was globally right now.
On July 15,Nifty 50 climbed 0.45% to close at 25,195 and Sensex rose 0.39% to settle at 82,570 . Not some massive rally by any means,but markets managed to hold up and finish green . And that itself says something given the uncertainty floating around.
Auto sector clearly stole the show today. Hero Motocorp jumped 4.76% and Bajaj Auto followed with gains of 2.76% . That kind of movement from two big names in same sector on same day is not small thing . Pharma also did well,with Sun Pharma gaining 2.67% after announcing licensing deal with Incyte Corporation for its alopecia treatment called LEQSELVI . That deal seems to have given market some confidence about Sun Pharma's pipeline.
But then IT sector just went completely opposite direction.
HCL Tech dropped 3.30% after reporting 10% year-on-year decline in its consolidated net profit for first quarter . That is not a minor dip in numbers . When one of bigger IT names posts that kind of profit fall,market reacts and today it clearly reacted badly for HCL Tech holders.
Few key things worth noting from today's session:
- FIIs sold shares worth ₹1,614.30 crore while DIIs countered with net buying of ₹1,787.70 crore,keeping market supported.
- Tata Technologies reported 10% sequential dip in profit,totaling ₹170.28 crore for Q1 FY26 .
- Infrastructure names showed activity with RVNL securing new contract from DMRC and Power Mech Projects bagging orders worth ₹551.35 crore.
Global picture was honestly quite fragmented today. Japan's Nikkei and Hong Kong's Hang Seng posted gains but Shanghai Composite slipped 0.40% . European markets stayed mostly flat during mid-session and US futures were suggesting hesitant start for Wall Street . So domestic market kind of had to find its own footing today,and it did,mainly because of domestic institutional buying holding things together.
That DII support is actually what kept indices above key resistance levels from the look of it.
One number that is catching attention is Nifty PCR sitting at 0.5474 right now . That reading suggests traders are staying cautious rather than getting aggressive . Maximum pain point is identified at 25,150,which is very close to where Nifty closed today at 25,195 . That proximity is something options traders will be watching closely going into rest of week .
Investors are also monitoring RBI's stance on liquidity alongside upcoming quarterly results . Earnings season is always complicated but this particular one seems to be throwing up very mixed signals across sectors . Auto and pharma moving up while IT moves down… that kind of rotation makes things tricky to read with confidence.
And honestly,question now is whether this auto and pharma momentum has enough strength to carry markets forward or whether weak IT earnings and global uncertainty slowly start dragging sentiment down again…
