Ram Kumar 
Nifty share price
The Indian benchmark index Nifty witnessed a choppy trading session on Monday, as it opened with a steep decline of nearly 80 points but managed to reclaim the 24,800 mark later in the day. The session highlighted the ongoing indecisiveness in the market, with both the Nifty and the Sensex fluctuating between gains and losses.
The broader sentiment remains cautious after the Nifty breached its crucial 50-day moving average (DMA) in the previous week, raising concerns among traders and analysts. The June 24 swing low of 24,824 has now become a critical level to monitor as it may act as near-term support or trigger further downside if breached.
IT and Realty Drag Market Mood
The IT and Realty sectors led the declines, with both the Nifty IT and Nifty Realty indices shedding approximately 1.5% each. The negative sentiment in the IT space was exacerbated by a layoff announcement from Tata Consultancy Services (TCS), which saw its stock fall around 1.5% in early trade.
Key Laggards: Banking and Financials
Kotak Mahindra Bank, SBI Cards, CDSL, and Lodha Developers were among the top losers on the day, contributing to the market’s downward pressure. Weakness in these counters reflects broader sector-specific concerns and investor caution amid global and domestic uncertainties.
Global Cues and Domestic Data Ahead
Investor attention now turns to key macroeconomic events in the US, where the Federal Reserve’s interest rate decision, second-quarter GDP data, and July non-farm payrolls are expected this week. Back home, India’s earnings season continues, with significant results scheduled from companies like IndusInd Bank, Mazagon Dock, and Bharat Electronics Limited (BEL). July’s auto sales data will also provide further cues on sectoral trends and consumption demand.
Market Outlook
While the recovery to 24,800 offers temporary relief, market experts advise caution as volatility remains high. The Nifty needs to sustain above its swing low to inspire confidence for a fresh uptrend. Otherwise, a breach below that level could invite selling pressure in the near term.
Disclaimer:- This article is for informational purposes only and does not constitute investment advice. Readers are advised to consult with a certified financial advisor before making any investment decisions. Stock prices and market movements are subject to change and involve risks.
