Sensex, Nifty Open Flat; Midcaps Rebound, IT Lags | July 29, 2025
Sensex and Nifty opened flat on July 29, 2025, with midcap and smallcap indices rebounding. IT and banks under pressure. Get key trends and market outlook.
Sensex, Nifty Open Flat; Midcaps Rebound, IT Lags | July 29, 2025, 10:00 AM IST
Indian equities kicked off Tuesday trading on a cautious yet stable note, with benchmark indices opening flat after Monday’s sharp selloff. Fresh buying interest in midcap and smallcap segments sparked a modest rebound, while technology and banking stocks extended their weak streak.
Market Snapshot – 10:00 AM IST
| Index | LTP | Change | % Chg |
|---|---|---|---|
| SENSEX | 80,915.69 | +24.67 | +0.03% |
| NIFTY 50 | 24,701.80 | +20.90 | +0.08% |
| NIFTY BANK | 56,081.35 | -3.55 | -0.01% |
| NIFTY IT | 35,262.85 | -107.20 | -0.30% |
| India VIX | 12.01 | -0.05 | -0.41% |
| NIFTY Midcap 100 | 57,747.15 | +227.80 | +0.40% |
| NIFTY Smallcap 100 | 18,092.45 | +27.70 | +0.15% |
Market News & Key Trends
- Benchmarks flat: Sensex and Nifty opened with mild gains after yesterday’s rout; sentiment remains cautious ahead of major earnings and Fed updates.
- Midcaps rebound: Nifty Midcap 100 gained 0.40% and Smallcap 100 added 0.15%, indicating selective accumulation after steep losses.
- IT & banks lag: Nifty IT fell 0.30% and Bank Nifty slipped marginally, as investors continue to rotate away from recent underperformers.
- Volatility remains high: India VIX hovered above 12, signaling ongoing trader caution, though a small dip hints at attempts to stabilize.
- Stock-picking zone: Divergence between largecaps and broader market may offer opportunities in resilient midcaps and defensives as volatility remains elevated.
What to Watch Today
- Support & resistance: Nifty 50 support at 24,650, with resistance likely near 24,780–24,820 levels.
- Sector focus: Continued underperformance in IT and banks could limit benchmark gains; watch for signs of traction in autos and midcap financials.
- Macro triggers: Quarterly earnings, US Fed policy commentary, and global market cues will shape direction throughout the session.
- Volatility signals: Elevated VIX suggests more swings ahead—stay nimble and manage risk.
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