The Bank Nifty declined 0.23 per cent to close at 57,312.75. Sectoral performance was mixed: while Realty and Auto stocks dragged, IT and Pharma counters managed to post gains.
BSE Sensex opened at 83,646.29, up 39.83 points or 0.05 per cent, while NSE Nifty started the session at 25,517.25, up just 0.20 points. By the close, Nifty ended marginally lower at 25,517.05, down 0.47 per cent, as investors took a wait-and-watch stance ahead of key economic events and earnings season.
On Monday, 1 July 2025, Indian equity markets opened flat and traded in a narrow range as investor sentiment remained cautious amid global uncertainties. The Bank Nifty declined 0.23 per cent to close at 57,312.75. Sectoral performance was mixed: while Realty and Auto stocks dragged, IT and Pharma counters managed to post gains. The broader indices fared better, closing up by over half a per cent, indicating continued interest in mid-cap and small-cap segments.
Rupak De, Senior Technical Analyst at LKP Securities, said, “The Nifty is likely to stay sideways in the short term. A breach below 25,500 could signal a minor correction, whereas resistance lies at 25,600 and 25,800.”
The Bank Nifty remains above its critical support zone of 57,000–56,800, according to a technical update by Bajaj Broking.
Global Factors, Fed Commentary, and Q1 Earnings Take Centre Stage
Looking ahead, the markets are expected to be influenced by global commentary, especially from the US Federal Reserve. Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services Ltd., noted, “Markets are likely to remain firm, supported by strong institutional flows and policy support.”
Investor attention is also shifting to the first quarter (Q1) business updates due this week. Monsoon-linked consumption trends are likely to boost segments like agriculture and rural demand. Khemka added that tractor manufacturers such as M&M and Escorts will be closely watched as Auto Sales data is released in the coming sessions.
Top Eight Analyst-Recommended Stock Picks for Tuesday
As technical signals point to a potentially range-bound week, analysts from Choice Broking, Anand Rathi, and Prabhudas Lilladher have recommended eight stocks for short-term gains:
- Tamilnadu Petroproducts Ltd.
Buy at Rs 102.94, Target Rs 110, Stop Loss Rs 99
Sumeet Bagadia (Choice Broking) suggests that TNPETRO has shown a bullish reversal with higher highs and higher lows supported by EMA alignment.
Buy at Rs 1,707.4, Target Rs 1,818, Stop Loss Rs 1,650
Bagadia notes continued momentum as the stock trades near its all-time high, having broken key resistance at Rs 1,616.
Buy at Rs 973, Target Rs 1,000, Stop Loss Rs 945
Ganesh Dongre (Anand Rathi) highlights a solid bullish pattern and stable support at Rs 945 as reasons for entry.
Buy at Rs 1,310, Target Rs 1,345, Stop Loss Rs 1,285
Dongre sees technical strength and support-based buying as drivers for the target move.
Buy at Rs 658, Target Rs 685, Stop Loss Rs 642
The stock shows a strong upward trend, supported by favourable technical indicators, says Dongre.
Buy at Rs 154.50, Target Rs 165, Stop Loss Rs 151
Shiju Koothupalakkal (Prabhudas Lilladher) believes the RSI reversal and bullish daily candle suggest upward potential.
Buy at Rs 592, Target Rs 630, Stop Loss Rs 580
Koothupalakkal notes higher-top formations and RSI recovery as key signals for a possible rally.
Buy at Rs 979.60, Target Rs 1,025, Stop Loss Rs 960
The stock recently rebounded from a major moving average with improved sentiment, according to Koothupalakkal.
While the headline indices began the week on a tepid note, underlying market breadth and selective stock momentum hint at underlying strength. With macroeconomic data, monsoon progression, and institutional flows all in focus, analysts suggest that disciplined stock picking—backed by technical and fundamental triggers—could help navigate the current range-bound phase.