Stock Market: Chart Shows Limited Volatility While Scrips Shine

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Indian Markets End Flat Amid Global Uncertainty; PSU Banks, Defence Stocks Remain in Focus

By S JHA

Mumbai, July 1, 2025 – Indian equity markets opened the week on a cautious note, ending Monday’s session flat to mildly positive amid global trade uncertainties and anticipation of key tariff decisions from the US. StockEdge in a post-market comment on its Teelegram channel said that investors adopted a wait-and-watch approach, resulting in subdued intraday movement across benchmark indices.

The Nifty 50 closed at 25,546.75, up 0.11%, while the Sensex gained 0.16% to settle at 83,738.92. The trading session remained lacklustre with the Nifty oscillating within a tight 90-point range, reflecting investor indecision. “The broader market tone also mirrored this cautious sentiment, with midcap and smallcap indices underperforming slightly,” said StockEdge.

PSU Banks Remain a Bright Spot

Among sectoral trends, PSU banks extended their outperformance for the second consecutive session, bolstered by broad-based buying. Analysts at Angel One suggest the strong technical setup in PSU banks could sustain in the near term, despite some profit booking seen during the day.

In contrast, auto and realty stocks faced modest declines, while defence and FMCG continued to see selective momentum. The advance-decline ratio in the Nifty 50 stood at 24:26, highlighting a narrow tussle between buyers and sellers, said Angel One in a note to clients.

Chart Insights and Technical Outlook

According to Angel One, over 70% of stocks in the Nifty 50 and Nifty 500 are currently trading above their 20-day exponential moving average, indicating underlying strength. The weekly Nifty 25,500 straddle, priced at 182 points, signals expectations of limited volatility in the short term.

Technically, the market appears to be undergoing a time-wise correction following last week’s rally. Analysts believe any dips may offer buying opportunities, given the broader bullish structure.

Stock Buzz

Several individual stocks made headlines per Angel One:

IDFC First Bank broke out on charts and is now trading just 6% below its 52-week high.
Biocon surged to its highest level since February 2025, confirming a breakout.
Laurus Labs hit a new all-time high, forming a bullish “Three White Soldiers” pattern, with open interest up 4%, indicating fresh long positions.
TVS Motor reported a robust 20% YoY increase in June wholesales, driven by strong two-wheeler demand.
Piramal Enterprises is approaching a bullish breakout, forming a cup-and-handle pattern on technical charts.
Swiggy launched a new ₹99 Store targeting Gen-Z users, offering single-serve meals with free delivery in 175+ cities.

Corporate and IPO Developments

Bharat Electronics Ltd. (BEL) hit a record high after securing fresh defence orders worth ₹528 crore, adding to ₹585 crore secured last week. The stock is now up over 45% YTD.
Gabriel India surged 20%, hitting the upper circuit after announcing a major restructuring plan to support its ₹50,000 crore revenue target by 2030.
NCC gained over 2% on winning ₹1,690 crore worth of orders.
CG Power’s ₹3,000 crore QIP saw robust demand with bids worth ₹10,000 crore, led by mutual funds and FPIs.
Hero Motors refiled draft papers for a ₹1,200 crore IPO, including ₹800 crore fresh issue.

Meanwhile, India’s per capita borrower debt increased significantly, rising from ₹3.9 lakh in March 2023 to ₹4.8 lakh in March 2025, driven mainly by high-rated borrowers.

Outlook

With earnings season around the corner and a busy IPO calendar ahead, market participants expect heightened activity in the coming weeks. However, caution may prevail in the short term as global trade developments and geopolitical cues remain in focus.

(Disclaimer: This article makes no recommendation for buy or sell of shares of any company or any other kind of trades)

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