Market Outlook for Tomorrow 29th July 2025

Nifty Commentary for Tomorrow

NIFTY 50 slipped 156 points to close at 24,680.9, down 0.63%, as selling pressure intensified across the board, with 35 of the 50 constituents ending in the red. Market breadth was skewed towards declines, with heavyweight losers like Kotak Bank (-7.44%), Bharti Airtel (-2.46%), and Bajaj Finance (-3.64%) dragging the index lower. On the other hand, select stocks like Shriram Finance (+2.86%), Cipla (+2.58%), Hero MotoCorp and Hindustan Unilever (+1.08%) posted gains. A further decline in IT stocks added to the woes as TCS’ layoffs led to selling pressure. 

NIFTY continues to decline heavily since the bearish EMA crossover even 2 days ago. Lacklustre results from many key stocks are weighing heavily on the index. In addition, a likely FII rotation into other Asian markets is also adding to the woes. RSI has declined sharply and is below 40 (for the first time in more than 3 months). Near term support and resistance are at 24468/24336 and 24894/25026

Broad-Based Selling as NIFTY 50 Slips 0.63%  

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Bank Nifty Commentary for Tomorrow

The NIFTY BANK index slumped 444 points to close at 56,084.9, down 0.79%, as broad-based selling pressure weighed on the sector. While select heavyweights such as ICICI Bank (+0.77%) and HDFC Bank (+0.19%) managed to buck the trend, the overall market sentiment remained subdued. The decline was led by sharp losses in Kotak Bank (-7.44%), IndusInd Bank (-2.63%), and Axis Bank (-1.15%), which contributed significantly to the index's downturn. The market breadth within the banking space was skewed toward the negative, with 9 of the 12 tracked stocks ending in the red, reflecting caution among investors. 

Kotak Bank’s lacklustre results set off the sharp correction in banking stocks. Despite last week’s robust performance, the index has lost heavily in the last three trading sessions. After opening reasonably strong, the index briefly traded in the green before correcting heavily and closing near day’s low. Near term support and resistance are at 55762/55563 and 56407/56607.

SENSEX Commentary for Tomorrow

The SENSEX ended 0.7% lower at 80,891.02, with a decline of 572.07 points, as broad-based selling pressure dominated the market. While a few constituents like Hindustan Unilever, Asian Paints, and ICICI Bank managed to buck the trend with gains of over 0.5%, the overall sentiment remained cautious. Notably, heavyweights such as HDFC Bank and Infosys witnessed subdued price action, contributing to the index's decline. The market breadth was skewed towards declines, with 23 of the  constituents ending in the red, and only 7 stocks registering gains. The top losers included Kotak Bank, Bharti Airtel, and Nestle India, which fell by over 2%, dragging the index lower. The sharp decline in Kotak Bank was a significant contributor to the index's decline. Near term support and resistance are at 80182/79743 and 81600/82039.

FINNIFTY Commentary for Tomorrow

The Nifty Financial Services index fell 192.8 points to close at 26,615.2, down 0.72%, as a broad-based decline among its constituents weighed on the sector. The negative sentiment was led by sharp losses in select banking and finance stocks, including KOTAKBANK (-7.44%), SBICARD (-5.79%), and BAJFINANCE (-3.64%), which cumulatively dragged the index lower. Conversely, a few insurers such as SHRIRAMFIN (+2.86%) and SBILIFE (+1.00%) managed to buck the trend, but their gains were insufficient to offset the overall weakness. With 15 out of 20 constituents ending in the red, the index's market breadth was decidedly skewed towards declines, underscoring the prevailing caution among investors in the financial space.

Intraday levels  for NIFTY, BANK NIFTY, SENSEX and  FINNIFTY Levels: