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๐Ÿงจ Key Trigger: U.S. Tariff Threats

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Global sentiment turned fragile after former U.S. President Donald Trump threatened new tariffs, including a 200% duty on Indian pharmaceutical exports and a 10% general tariff on BRICS nation imports. India, being one of the world’s largest exporters of generic drugs, saw its pharma sector come under the spotlight.

Despite the fears, some large-cap pharma names like Cipla and Sun Pharma held firm, supported by safe-haven buying in anticipation of increased volatility.

๐Ÿ“‰ Sector Performance

  • Declining Sectors:
    • IT: HCL Tech and Infosys slipped up to 1%
    • Banking: ICICI Bank, Axis Bank saw mild losses
    • Metals & Realty: Tata Steel and real estate stocks came under pressure
  • Resilient/Gaining Sectors:
    • Pharma: Sun Pharma, Cipla showed strength despite tariff concerns
    • FMCG: HUL and Asian Paints posted modest gains
    • Auto: Maruti saw slight upward movement on steady June dispatches

๐Ÿ”ข Market Breadth

Out of the 50 Nifty stocks:

  • 27 declined,
  • 21 advanced,
  • 2 remained unchanged

Broader indices like the Nifty Midcap 100 and Nifty Smallcap 100 also opened flat to mildly negative, mirroring overall sentiment.

๐Ÿ“Š Technical View

Close-up of a tablet displaying stock market analysis with colorful graphs.

Analysts suggest Nifty is likely to remain range-bound between 25,400 and 25,600 in the short term. A breakout above 25,600 could lead to bullish momentum, while a breakdown below 25,400 may trigger further correction.

Support & Resistance Levels:

  • Nifty Support: 25,400
  • Nifty Resistance: 25,600
  • Sensex Resistance: 84,000
  • Sensex Support: 83,300

๐Ÿ”ฎ Expert Take

Market experts remain cautious due to rising global trade uncertainties. “Investors should stay stock-specific and focus on companies with strong earnings visibility and lower global exposure,” said Ankit Rathore, a senior market strategist.

๐Ÿ“Œ IPO Watch

The IPO of Crizac Limited, a specialty chemicals firm, opened today for subscription. Analysts expect strong demand, citing robust margins and future expansion potential.


๐Ÿ“ฆ Summary

  • Markets opened lower due to U.S. tariff threats on pharma and BRICS nations
  • Nifty trades between 25,400โ€“25,600, Sensex between 83,300โ€“84,000
  • Defensive sectors like FMCG and pharma showing strength
  • Cautious sentiment expected to prevail this week

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