Sensex, Nifty Slip Mid-Morning; IT, Broader Markets Under Pressure | Aug 6, 2025
Sensex, Nifty fell further by mid-morning on August 6, 2025, led by IT, midcap, and smallcap losses; volatility up. RBI keeps rates unchanged. Get trends and outlook.
Sensex, Nifty Slip Mid-Morning; IT, Midcap & Smallcap Slide, Volatility Rises | August 6, 2025, 11:50 AM IST
Indian equities extended losses by late Wednesday morning, August 6, 2025, pressured by a sharp decline in IT, midcap, and smallcap stocks. Persistent global tariff concerns, post-RBI policy stabilization, and profit-booking dominated sentiment as volatility ticked higher.
Market Snapshot – 11:50 AM IST
| Index | LTP | Change | % Chg |
|---|---|---|---|
| SENSEX | 80,587.47 | -122.78 | -0.15% |
| NIFTY 50 | 24,582.25 | -67.30 | -0.27% |
| NIFTY BANK | 55,341.60 | -18.65 | -0.03% |
| NIFTY IT | 34,480.85 | -553.65 | -1.58% |
| India VIX | 11.87 | +0.16 | +1.37% |
| NIFTY Midcap 100 | 56,614.85 | -592.00 | -1.03% |
| NIFTY Smallcap 100 | 17,619.55 | -245.00 | -1.37% |
Latest Market News & Trends
- IT stocks under heavy pressure: Nifty IT plummeted 1.6% amid continued global tech weakness and heavy selling in index heavyweights.
- Midcap/smallcap sharp selloff: Both indices dropped over 1% as risk appetite soured and investors booked profits after a recent bounce.
- Benchmarks remain weak: Sensex and Nifty extended declines but continue to respect medium-term supports, with cautious trading ahead of RBI commentary and global cues.
- Volatility ticks up: India VIX rose over 1.3%, flagging increased uncertainty and hedging activity as the market navigates monetary policy and tariff risks.
- RBI holds rates as expected: The Reserve Bank of India MPC kept the repo rate unchanged at 5.5% as widely forecasted, maintaining a 'neutral' stance and reiterating steady core inflation at ~4%.
- Sector rotation in progress: FMCG, pharma, and defensive names struggle to support the market. Banks trade nearly flat. PSU banks show resilience in spots.
Market Outlook & What to Watch
- Nearest supports: Nifty support at 24,550 and Sensex at 80,500 are key. Deeper falls could see tests of 24,400/80,000. Upside capped near 24,700 (Nifty) for now.
- IT, midcap, and smallcap signals: Further downside in these risk-heavy segments is possible unless buying emerges; watch for relief rallies or oversold bounces.
- Macro drivers: Market awaits further direction from FII flows, Q1 corporate earnings, and any escalation in US-India tariff rhetoric.
- Volatility guidance: Rising India VIX suggests need for disciplined trading—avoid aggressive fresh positions in high-beta names without clear reversal signals.
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