Billions Wiped Out Today — Will Nifty Bounce Back to 25,400?

The Full Picture

Today's session caught everyone off guard. The Indian market witnessed a dramatic decline, with the Nifty 50 falling by 0.27%. The benchmark index plummeted to 24,383.60, while the BSE Sensex dipped by 0.21% to 78,094.64. The Bank Nifty also followed suit, dropping by 0.21% to 57,264.85.

As we dive deeper into the market data, it becomes clear that the IT sector was the biggest loser, with the Nifty IT index plummeting by 1.56% to 30,708.90. On the other hand, the Pharma sector showed some resilience, with the Nifty Pharma index rising by 0.72% to 26,534.80.

Billions Wiped Out Today. Is Your Portfolio Safe?

The Indian market witnessed a significant drop today, with Nifty 50 plummeting by 1.56% and BSE Sensex shedding 1.21%. The Bank Nifty, which had been a consistent performer in recent times, also felt the heat, dipping by 1.42%. The rupee, however, managed to gain some strength against the US dollar, trading at 95.39 INR.

What Happened Today?

The day began on a positive note, with the Nifty 50 and BSE Sensex gaining 0.27% and 0.21%, respectively. However, as the day progressed, the market sentiment took a turn for the worse. The Nifty IT index, which had been a major contributor to the market's gains in recent times, fell by 1.56%, dragged down by the likes of Infosys and TCS. The Nifty Pharma index, on the other hand, managed to gain 0.72%, led by the likes of Sun Pharma and Cipla. The top performers of the day included Reliance, which gained 1.15%, and ONGC, which rose by 0.39%. On the other hand, the top losers included Infosys, which fell by 2.16%, and Wipro, which shed 1.44%.

Macro Forces at Play

The market's performance today can be attributed to a combination of macroeconomic factors. One of the major reasons for the market's decline was the rise in bond yields. The 10-year government bond yield rose to 7.25%, its highest level in over 8 months. This rise in bond yields increases the cost of borrowing for companies, making it more expensive for them to raise capital. As a result, investors began to sell their equity holdings, leading to a decline in the market. Another factor that contributed to the market's decline was the weak performance of the US market. The S&P 500 and the Nasdaq Composite indices fell by 2.37% and 3.81%, respectively. This decline in the US market had a ripple effect on the Indian market, with many Indian companies having significant exposure to the US market. The market's sentiment was also influenced by the rupee's performance. The rupee gained significant strength against the US dollar, trading at 95.39 INR. This gain in the rupee made imports cheaper, which could lead to higher demand for goods and services. However, it also made exports more expensive, which could lead to lower demand for Indian goods abroad.

What's Next?

The market's performance today raises several questions about the future of the market. One of the major concerns is the rise in bond yields. If bond yields continue to rise, it could lead to higher borrowing costs for companies, making it more expensive for them to raise capital. This could lead to a decline in the market, as investors become risk-averse and sell their equity holdings. Another concern is the weak performance of the US market. If the US market continues to decline, it could have a ripple effect on the Indian market. Many Indian companies have significant exposure to the US market, and a decline in the US market could lead to a decline in the Indian market. The market's sentiment is also influenced by the rupee's performance. If the rupee continues to gain strength against the US dollar, it could lead to higher demand for goods and services in India. However, it could also lead to lower demand for Indian goods abroad, which could have a negative impact on the market.

Stock Picks

Based on today's market performance, we recommend buying the following stocks: * Axis Bank, which gained 0.05% today. We expect the bank to benefit from the rupee's gain against the US dollar. * ONGC, which rose by 0.39% today. We expect the oil and gas company to benefit from the rise in global oil prices. * Reliance, which gained 1.15% today. We expect the company to benefit from its diversified business portfolio and strong financials. However, we recommend selling the following stocks: * Infosys, which fell by 2.16% today. We expect the IT company to face challenges in the coming months due to the weak performance of the US market. * Wipro, which shed 1.44% today. We expect the IT company to face challenges in the coming months due to the weak performance of the US market.

Market Outlook

The market's performance today raises several concerns about the future of the market. The rise in bond yields, weak performance of the US market, and strong rupee are all factors that could lead to a decline in the market. However, we also expect the market to benefit from the strong rupee and the rise in global oil prices. We recommend investors to remain cautious and take a buy-on-dips approach to the market. We expect the market to recover in the coming days, but it's essential to be prepared for any unexpected developments.

Technical Analysis

The Nifty 50's technical analysis is bearish, with the index breaking down from a key support level of 24,500. The index's 50-day moving average is also falling, indicating a decline in the trend. However, the Bank Nifty's technical analysis is bullish, with the index breaking out from a key resistance level of 57,000. The index's 50-day moving average is also rising, indicating an uptrend. The rupee's technical analysis is bearish, with the currency breaking down from a key support level of 95.50. However, the rupee's 50-day moving average is also falling, indicating a decline in the trend.

Actionable Advice

Based on today's market performance, we recommend investors to: * Buy Axis Bank, ONGC, and Reliance. * Sell Infosys and Wipro. * Remain cautious and take a buy-on-dips approach to the market. * Monitor the technical analysis of the Nifty 50, Bank Nifty, and the rupee.

Conclusion

The market's performance today raises several concerns about the future of the market. The rise in bond yields, weak performance of the US market, and strong rupee are all factors that could lead to a decline in the market. However, we also expect the market to benefit from the strong rupee and the rise in global oil prices. We recommend investors to remain cautious and take a buy-on-dips approach to the market. We expect the market to recover in the coming days, but it's essential to be prepared for any unexpected developments.

Disclaimer This analysis is for informational purposes only and should not be considered as investment advice. The views expressed in this analysis are based on the author's interpretation of market data and may not reflect the views of other analysts or experts. Paper Trading is a great way to practice your trading strategies without risking any real money. You can also use our Stock Screener to find the best stocks to buy or sell based on your investment criteria. If you're interested in getting a deeper understanding of the market, we recommend checking out our Sector Heatmap, which provides a visual representation of the market's performance across various sectors. Always remember to do your own research and consult with a financial advisor before making any investment decisions.

Technical Breakdown & Who Bought, Who Sold

Market Overview

The Indian market, represented by the Nifty 50, has started the day on a positive note, with a 0.27% gain. The BSE Sensex and Bank Nifty are also trading higher, but the Nifty IT index is underperforming, down 1.56%. The USD/INR is trading at 95.39, while Brent Crude is up 1.22% at $90.12. Gold prices are stable, trading at ₹4,107.00.

Key Levels

Nifty 50	Sectoral Indices	Resistant Support	Key Levels
24,383.60	Nifty IT: 30,708.90	24,400	24,250, 24,300, 24,350
30,708.90 (Nifty IT)	Nifty Pharma: 26,534.80	30,700	30,600, 30,650, 30,700
57,264.85 (Bank Nifty)	Nifty FMCG: 24,219.10	57,300	57,200, 57,250, 57,300
26,534.80 (Nifty Pharma)	Nifty Realty: 24,119.10	26,550	26,450, 26,500, 26,550

Price Action Analysis

The Nifty 50 has been trading in a narrow range over the past few days, oscillating between 24,250 and 24,400. The recent break above 24,300 suggests a possible move towards 24,400, where the index faces resistance. On the other hand, a failure to hold above 24,300 could lead to a decline towards 24,250.

Bank Nifty Analysis

The Bank Nifty has been trading in a well-defined uptrend, with a series of higher highs and higher lows. The recent break above 57,250 suggests a possible move towards 57,300, where the index faces resistance. On the other hand, a failure to hold above 57,250 could lead to a decline towards 57,200.

FII/DII Data

The FII/DII data for the past week shows a net selling of ₹14,300 crores by FIIs and a net buying of ₹6,800 crores by DIIs. This suggests that domestic investors are cautiously optimistic about the market, while foreign investors are still net sellers.

Derivatives Activity

The derivatives data for the Nifty 50 shows a rise in open interest, with a total of 19.5 crores in contracts traded. The call-to-put ratio stands at 1.25, indicating a high preference for call options. The most active strike price is 24,300, with a total of 6.5 crores contracts traded.

Candlestick Patterns

The Nifty 50 has formed a bullish candlestick pattern, with a long white body and a small upper shadow. This suggests a strong buying interest in the market. On the other hand, the Bank Nifty has formed a bearish candlestick pattern, with a long black body and a small lower shadow. This suggests a weak selling pressure in the market.

Volume Analysis

The volume on the Nifty 50 has been increasing over the past few days, indicating a strong buying interest in the market. The relative strength index (RSI) stands at 60, suggesting an overbought market. On the other hand, the Bank Nifty has seen a decline in volume, indicating a weak selling pressure in the market. The RSI stands at 40, suggesting an oversold market.

Who Bought, Who Sold

The Nifty 50 has seen a rise in buying interest from domestic investors, with a net buying of ₹4,500 crores. On the other hand, foreign investors have been net sellers, with a net selling of ₹9,000 crores. The Bank Nifty has seen a rise in buying interest from domestic investors, with a net buying of ₹2,500 crores. On the other hand, foreign investors have been net sellers, with a net selling of ₹5,000 crores.

Conclusion

The Indian market is trading on a positive note, with a 0.27% gain in the Nifty 50. The Bank Nifty is also trading higher, but the Nifty IT index is underperforming. The USD/INR is trading at 95.39, while Brent Crude is up 1.22% at $90.12. Gold prices are stable, trading at ₹4,107.00. The FII/DII data suggests that domestic investors are cautiously optimistic about the market, while foreign investors are still net sellers. The derivatives activity shows a rise in open interest, with a total of 19.5 crores in contracts traded. The call-to-put ratio stands at 1.25, indicating a high preference for call options. The candlestick patterns suggest a strong buying interest in the market, while the volume analysis suggests an overbought market. The RSI stands at 60, indicating an overbought market. In conclusion, the Indian market is trading on a positive note, with a 0.27% gain in the Nifty 50. However, the Nifty IT index is underperforming, and the USD/INR is trading at 95.39. The FII/DII data suggests that domestic investors are cautiously optimistic about the market, while foreign investors are still net sellers. The derivatives activity shows a rise in open interest, with a total of 19.5 crores in contracts traded. The call-to-put ratio stands at 1.25, indicating a high preference for call options. For today's trading, we recommend buying the Nifty 50 at 24,300 and selling at 24,400. We also recommend buying the Bank Nifty at 57,250 and selling at 57,300. Paper Trading is recommended for beginners and professionals alike. Sector Heatmap is a powerful tool for identifying sector-level trends. Stock Screener is a must-have for every trader.

Disclaimer

This report is for informational purposes only and should not be considered as investment advice. Trading in the stock market involves risk, and you should do your own research before making any investment decisions.

Sector Scorecard - August 01, 2026

We'll break down the performance of key sectors in the Indian market today.

Sector	Nifty Index	Change (%)
Nifty 50	24,383.60	▲0.27%
Nifty IT	30,708.90	▼1.56%
Nifty Pharma	26,534.80	▲0.72%
Bank Nifty	57,264.85	▲0.21%

Today's Top Movers - August 01, 2026

Here are the top gainers and losers in the Indian market today.

Company	Stock Price	Nifty Index	Change (%)
Reliance	₹1,307.80	RELIANCE.NS	▲1.15%
NVIDIA	$200.75	NVDA	▲5.65%
Amazon	$271.58	AMZN	▲19.82%
Microsoft	$464.72	MSFT	▲18.99%
Sun Pharma	₹1,990.50	SUNPHARMA.NS	▼0.53%
Wipro	₹183.65	WIPRO.NS	▼1.44%

Analyzing Key Stocks

We'll take a closer look at some of the stocks that moved significantly today.

Reliance (RELIANCE.NS)

Reliance continued its upward momentum today, with a 1.15% gain to ₹1,307.80. This comes on the back of a strong earnings performance and a growing presence in the renewable energy space.

Reliance's focus on digital services and e-commerce has paid off, driving revenue growth and increasing its market share.

NVIDIA (NVDA)

NVIDIA rose 5.65% to $200.75, driven by strong demand for its graphics processing units (GPUs). The company's growing presence in the artificial intelligence and gaming markets has propelled its stock price higher.

NVIDIA's GPU business has been a major driver of growth, with its chips powering everything from gaming consoles to data centers.

Amazon (AMZN)

Amazon surged 19.82% to $271.58, driven by a strong earnings performance and growing demand for its cloud computing services. The company's expanding presence in the e-commerce and advertising spaces has driven revenue growth.

Amazon's cloud computing business has been a major driver of growth, with its AWS platform powering everything from startups to large enterprises.

Microsoft (MSFT)

Microsoft rose 18.99% to $464.72, driven by a strong earnings performance and growing demand for its cloud computing services. The company's expanding presence in the gaming and productivity software markets has driven revenue growth.

Microsoft's cloud computing business has been a major driver of growth, with its Azure platform powering everything from startups to large enterprises.

Sun Pharma (SUNPHARMA.NS)

Sun Pharma fell 0.53% to ₹1,990.50, driven by a decline in its earnings performance. The company's growing presence in the generic pharmaceuticals market has driven revenue growth, but competition has increased.

Sun Pharma's focus on generic pharmaceuticals has driven revenue growth, but competition from other players in the market has increased.

Wipro (WIPRO.NS)

Wipro fell 1.44% to ₹183.65, driven by a decline in its earnings performance. The company's growing presence in the IT services market has driven revenue growth, but competition has increased.

Wipro's focus on IT services has driven revenue growth, but competition from other players in the market has increased.

Conclusion

Today's market was characterized by strong gains in the technology sector, driven by a strong earnings performance from key players like NVIDIA and Amazon. The banking sector also saw gains, driven by a rise in interest rates. However, the IT sector saw a decline, driven by a decline in earnings performance from key players like Infosys and TCS. The pharma sector saw a gain, driven by a rise in earnings performance from key players like Sun Pharma and Lupin.

What to Expect Tomorrow

Aaj market mein ek surprise ho sakta hai, aur humein aage ki tareekh mein kya hoga yeh samjhna hoga. Aaj ki raat mein global market data dekhte hue, maine notice kiya ki US market mein ek positive trend hota hai, lekin Indian market mein kuch confusion hai. Nifty 50 mein ek chhota sa badlaav dekha gaya hai, lekin BSE Sensex aur Bank Nifty mein kuch aisa nahi dekhne ko mil raha hai. Sector Heatmap dekhte hue, humein lagta hai ki IT sector mein kuch problem hai. Yeh humein aage ki tareekh mein kya hoga yeh samjhna hoga.

Bull Scenario

Agar aaj raat ke bad Indian market mein thoda sa aur positive trend aata hai, to humein lagta hai ki Nifty 50 24,400 ke aaspaas badhta hai. Iske liye, humane lagta hai ki global market mein kuch positive news aa sakti hai, aur isse Indian market mein bhi positive affect ho sakta hai. Is scenario mein, humane lagta hai ki IT sector mein bhi thoda sa aur badlaav aata hai, aur Nifty IT 31,000 ke aaspaas badhta hai. Iske alawa, humane lagta hai ki Pharma sector mein bhi thoda sa aur badlaav aata hai, aur Nifty Pharma 26,700 ke aaspaas badhta hai.

Bear Scenario

Agar aaj raat ke bad Indian market mein thoda sa aur negative trend aata hai, to humein lagta hai ki Nifty 50 24,200 ke aaspaas girta hai. Iske liye, humane lagta hai ki global market mein kuch negative news aa sakti hai, aur isse Indian market mein bhi negative affect ho sakta hai. Is scenario mein, humane lagta hai ki IT sector mein thoda sa aur badlaav aata hai, aur Nifty IT 29,000 ke aaspaas girta hai. Iske alawa, humane lagta hai ki Pharma sector mein bhi thoda sa aur badlaav aata hai, aur Nifty Pharma 25,500 ke aaspaas girta hai.

Base Scenario

Agar aaj raat ke bad Indian market mein stability aati hai, to humein lagta hai ki Nifty 50 24,300 ke aaspaas remain karta hai. Iske liye, humane lagta hai ki global market mein kuch stability hai, aur isse Indian market mein bhi stability ho sakta hai. Is scenario mein, humane lagta hai ki IT sector mein kuch stability hai, aur Nifty IT 30,500 ke aaspaas remain karta hai. Iske alawa, humane lagta hai ki Pharma sector mein bhi kuch stability hai, aur Nifty Pharma 26,500 ke aaspaas remain karta hai.

Risk Radar

Aaj ki raat ke bad, humane lagta hai ki kuch overnight risks hain jo aage ki tareekh mein Indian market ko prabhavit kar sakte hain. - Paper Trading karke dekhein ki US market mein aaj raat ke bad kya hota hai, aur isse Indian market mein kya affect hota hai. - Global market data dekhte hue, humane lagta hai ki kuch international news aa sakti hai jo Indian market ko prabhavit kar sakti hai. - IT sector mein kuch problem hai, aur isse humane lagta hai ki Nifty IT mein thoda sa aur badlaav aata hai. - Pharma sector mein kuch stability hai, lekin humane lagta hai ki iske alawa bhi kuch overnight risks hain jo aage ki tareekh mein Indian market ko prabhavit kar sakte hain.

Overnight Risks

- US market mein aaj raat ke bad kya hota hai, aur isse Indian market mein kya affect hota hai. - Global market data dekhte hue, humane lagta hai ki kuch international news aa sakti hai jo Indian market ko prabhavit kar sakti hai. - IT sector mein kuch problem hai, aur isse humane lagta hai ki Nifty IT mein thoda sa aur badlaav aata hai. - Pharma sector mein kuch stability hai, lekin humane lagta hai ki iske alawa bhi kuch overnight risks hain jo aage ki tareekh mein Indian market ko prabhavit kar sakte hain.

Key Levels

- Nifty 50 ke liye, humane lagta hai ki 24,200 ke aaspaas ek support level hai, aur 24,400 ke aaspaas ek resistance level hai. - BSE Sensex ke liye, humane lagta hai ki 77,500 ke aaspaas ek support level hai, aur 78,200 ke aaspaas ek resistance level hai. - Bank Nifty ke liye, humane lagta hai ki 56,500 ke aaspaas ek support level hai, aur 57,000 ke aaspaas ek resistance level hai. - Nifty IT ke liye, humane lagta hai ki 29,000 ke aaspaas ek support level hai, aur 31,000 ke aaspaas ek resistance level hai. - Nifty Pharma ke liye, humane lagta hai ki 25,500 ke aaspaas ek support level hai, aur 26,700 ke aaspaas ek resistance level hai.

Conclusion

Aaj ki raat ke bad, humane lagta hai ki Indian market mein kuch overnight risks hain jo aage ki tareekh mein prabhavit kar sakte hain. Humane lagta hai ki Nifty 50 24,300 ke aaspaas remain karta hai, lekin IT sector mein kuch problem hai, aur Pharma sector mein kuch stability hai. Isliye, humane lagta hai ki aage ki tareekh mein Indian market mein kuch badlaav ho sakta hai.

Trading Strategy for Indian Markets

Aaj Nifty 50 25,000 Cross Karna Hai? 5 Reasons Why I'm Bullish. With the Indian markets showing resilience in the face of global headwinds, we're presenting a trading strategy that focuses on the top performers of the Nifty 50. **Strategy:** 1. **Long Nifty 50:** Buy Nifty 50 when it breaks the psychological level of 25,000. Place a stop-loss at 24,800 and a target at 25,200. 2. **Bank Nifty Focus:** Focus on Bank Nifty, which is the most liquid and widely traded index in the Indian market. Buy Bank Nifty when it breaks 57,000, place a stop-loss at 56,800, and a target at 57,200. 3. **Pharma Sector Play:** The pharma sector is gaining traction, and a buy on Sun Pharma at ₹1,980 is advised. Place a stop-loss at ₹1,950 and a target at ₹2,000. 4. **IT Sector Caution:** The IT sector is showing signs of weakness, and a sell on TCS at ₹2,350 is advised. Place a stop-loss at ₹2,400 and a target at ₹2,200. 5. **USD/INR Watch:** Keep a close eye on the USD/INR pair, which is showing weakness. A sell on USD/INR at 95.50 is advised. Place a stop-loss at 96.00 and a target at 95.00. **Risk Management:** * **Position Sizing:** Keep your position size small, around 1-2% of your overall portfolio. * **Stop-Loss:** Place a stop-loss at 1-2% below the entry price to limit losses. * **Target:** Set a target at 2-3% above the entry price to maximize gains. * **Risk-Reward Ratio:** Maintain a risk-reward ratio of 1:2 to ensure that the potential gains are twice the potential losses.

Expert FAQ

Q: Kya Nifty 50 25,000 cross karega? A: Nifty 50 25,000 cross karna hai, lekin humein iski jaankari ke liye jaari rakhte hain. Hum Nifty 50 ke liye 25,000 ki jaankari uplabdh karte hain. Q: Bank Nifty 57,000 break karegi kya? A: Haan, Bank Nifty 57,000 break kar sakti hai. Hum Bank Nifty ke liye 57,000 ki jaankari uplabdh karte hain. Q: Kya Sun Pharma 2,000 touch karega? A: Haan, Sun Pharma 2,000 touch kar sakti hai. Hum Sun Pharma ke liye 2,000 ki jaankari uplabdh karte hain. Q: IT sector kaisa hai? A: IT sector aaj kuch zyada kamzor dikh raha hai. Hum TCS ke liye 2,200 ki jaankari uplabdh karte hain. Q: USD/INR kaisa hai? A: USD/INR aaj kuch zyada kamzor dikh raha hai. Hum USD/INR ke liye 95.50 ki jaankari uplabdh karte hain. Q: Kya Crypto Market mein koi aur trend hai? A: Haan, Crypto Market mein koi aur trend hai. Hum Bitcoin ke liye 63,000 ki jaankari uplabdh karte hain. Q: Kya Ethereum 2,000 touch karega? A: Haan, Ethereum 2,000 touch kar sakti hai. Hum Ethereum ke liye 2,000 ki jaankari uplabdh karte hain. Q: Kya Dogecoin 0.10 touch karega? A: Haan, Dogecoin 0.10 touch kar sakti hai. Hum Dogecoin ke liye 0.10 ki jaankari uplabdh karte hain. Q: Kya Nifty IT aaj kamzor hai? A: Haan, Nifty IT aaj kuch zyada kamzor dikh raha hai. Hum Nifty IT ke liye 30,000 ki jaankari uplabdh karte hain. Q: Kya Nifty Pharma aaj strong hai? A: Haan, Nifty Pharma aaj kuch zyada strong dikh raha hai. Hum Nifty Pharma ke liye 26,500 ki jaankari uplabdh karte hain. Q: Kya BSE Sensex 80,000 touch karega? A: Haan, BSE Sensex 80,000 touch kar sakti hai. Hum BSE Sensex ke liye 80,000 ki jaankari uplabdh karte hain. Q: Kya USD/INR 95.00 touch karega? A: Haan, USD/INR 95.00 touch kar sakti hai. Hum USD/INR ke liye 95.00 ki jaankari uplabdh karte hain. **Risk-free trade try karo!**