Mumbai, August 8, 2025 — Indian equity benchmarks opened lower on Friday, with both the Sensex today and Nifty slipping around 0.6 percent in early trade. The decline came amid cautious investor sentiment and selling pressure across key sectors following Global Market Weakness.
At 10:11 am, the Sensex was down 459.14 points at 80,164.12, and the Nifty shed 139.80 points to trade at 24,456.35. Market breadth remained balanced, with 1,450 stocks advancing, 1,707 declining, and 135 unchanged. Broader indices mirrored the weakness, with the Nifty Smallcap100 and Midcap100 falling up to 0.7 percent.
Sectoral Pressure and Stock-Specific Moves
Half of the 16 major sectoral indices traded in the red, led by losses in IT and pharmaceuticals. The IT index dropped 0.6 percent, reflecting caution in export-driven businesses, while the Nifty Pharma index was down 0.7 percent. Metals, real estate, and auto shares also faced mild selling pressure, pointing to a broad-based decline triggered by global market weakness.
Among heavyweight stocks, Bharti Airtel, Infosys, Bharat Electronics, Axis Bank, and HDFC Bank were the biggest losers on the Sensex. Gains were seen in Titan, Bajaj Finance, NTPC, and Bajaj Finserv, which helped limit the overall market fall. The muted breadth suggested that while some pockets saw selective buying, the dominant trend remained negative.
Analysts’ Short-Term Market Outlook
Analysts expect volatility to persist in the near term, with investors tracking both global cues and domestic flows. While foreign institutional investors (FIIs) have been cautious due to global market weakness, domestic institutional investors (DIIs) continue to provide support at lower levels, preventing sharper declines.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted that “domestic buying remains a key stabilizing factor, even as external sentiment pressures weigh on the market.” He added that selective accumulation in fundamentally strong stocks could offer opportunities for medium-term investors.
Anand James, Chief Market Strategist at Geojit, observed that technical indicators suggest a “measured upside” if key support levels hold. “We expect resistance around 24,670–24,717 on the Nifty, with an extension possible to 24,850–25,000. Support is near 24,548, and a break below this could trigger further selling pressure,” he said.
Key Technical Levels and Trading Strategy
Traders are focusing on maintaining Nifty support above 24,550 in the short term to avoid deeper losses. Analysts advise that resistance near 25,000 may cap any recovery attempts unless accompanied by a pickup in buying momentum.
Sector rotation is expected to play a key role, with defensive sectors such as FMCG and utilities potentially outperforming if weakness in IT, pharma, and metals persists. Market participants are encouraged to remain selective, focusing on quality stocks with strong earnings visibility.
Broader Sentiment Remains Watchful
With mixed signals from global markets and domestic sector-specific pressures, investor sentiment remains watchful. While large-cap indices face headwinds from global market weakness, sustained domestic institutional participation and selective buying could provide near-term stability.
For now, market watchers suggest closely tracking global market cues, sectoral trends, and index support levels to navigate the current phase of consolidation.
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