# Nifty trades with negative bias for 7th straight day. India VIX 11.23.

NIFTY (-20, 24635)
Sensex (-62, 80365)
Bank Nifty (+72, 54461)

# The negative takeaway from today’s trade was that Nifty after a higher open fell hard and the negative takeaway from the reversal was that Nifty ended on a jittery note.

# The pessimism at Dalal Street revolved around 7-big headwinds:

1) Trumps’ 50% higher tariff for India.
2) Trumps’ new ‘one-time payment’ $100,000 H-1B visa fee.
3) President Trump imposing a 100% tariff on branded and patented pharmaceuticals from October 1, 2025, unless companies set up U.S. production.
4) FIIs persistent selling.
5) Investors also remained on edge ahead of the Reserve Bank of India’s policy outcome on Wednesday.
6) India VIX rebounding sharply towards 11.23 levels.
7) Deteriorating technical landscape (a probable H&S pattern on the daily charts)

# Long Story short: Caution continues to be the buzzword.

# Adv-Dec 26—23
# INDIA VIX 11.36 (-0.61%)
# NIFTY PCR (30th SEP) 0.62
# USD/INR Futures (Sep) (+0.06%, 88.94)

# SECTOR GAINERS:
NIFTY PSUBANKS (+1.78%)
NIFTY OIL&GAS (+1.35%)
NIFTY REALTY (+0.88%)

# SECTORS LOSERS
NIFTY MEDIA (-0.85%)
NIFTY PVTBANKS (-0.29%)
NIFTY CONSUMER DURABLES (-0.19%)

# TODAY’S MARKET RE-CAP:

1) Nifty (-0.08%) witnessed drubbing and the negative takeaway was the benchmark ended lower for the 7th straight day.

Nifty is now below its 21 DMA (24961), 50 DMA (24856) and its 100 DMA (24936).

Nifty’s 200 DMA at 24162 mark.

2) Bank Nifty (+0.13%) witnessed a uninspiring session and ended on a jittery note. Bank Nifty’s new all-time-high continues to be at 57628.40 mark

3) The market breadth (27:23) was slightly in favour of the bulls.

4) The positive takeaway however from today’s trade was that the Nifty Mid-cap (+0.27%) and Nifty Small-cap (+0.11%) indices ended with small gains.

5) Technically, confirmation of strength only if Nifty closes above its biggest hurdles at 25000 mark.

# Bottom-line: Until Nifty 25000 mark is a hurdle, expect volatility, volatility and volatility to the preferred theme at Dalal street.

# STOCKS IN SPOTLIGHT:

1) Vascon Engineers (20%) was locked in upper circuit after the company signed a memorandum of understanding (MoU) with Adani Infra (India) to act as their execution partner under an early engagement model for five years.

2) Softtech Engineers (+0.26%) gained after the company said that it has secured an order worth Rs 17.16 crore from Airports Authority of India (AAI) for its BIM-based Project Monitoring System (BPMS) software application. The project involves deploying Softtech’s AI and ML-enabled “CivitINFRA” product to implement a unified enterprise solution integrated with BIM software.
3) Wheels India (+4.23%) gained after the company said it entered into a technical agreement with SHPAC, a South Korean hydraulic cylinder manufacturer, for technology transfer in manufacturing.

# BULLS OF THE DAY:
INDUSINDBNK (+3.07%)
TITAN (+2.70%)
HINDALCO (+1.65%)
WIPRO (+1.55%)
SBIN (+1.55%)

# BEARS OF THE DAY:
MARUTI (-1.76%)
AXISBANK (-1.73%)
DRREDDY (-1.13%)
HDFCLIFE (-1.07%)
EICHERMOT (-1.04%)

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