Stock Market 6 May The Indian equity market witnessed cautious trading on Tuesday, with the NIFTY 50 closing at 24,379.60, down 81.55 points (-0.33%), as investors weighed mixed global cues and sectoral risks. While the Auto sector emerged as the sole gainer, PSU Bank and Realty stocks faced brutal selling pressure.*06-May-2025
Key Market Highlights 6 May
✅ NIFTY 50: Closed at 24,379.60 (-0.33%), swinging between 24,331.80 (Low) and 24,509.65 (High).
✅ Top Gainers: Auto (+0.17%) | Pharma & IT showed resilience.
✅ Top Losers: PSU Bank (-4.84%) | Realty (-3.58%) | Oil & Gas (-1.79%).
✅ Market Breadth: 12/15 sectors closed in red; Mid/Smallcaps underperformed.
Sectoral Deep Dive: Who Won & Who Crashed?
1. NIFTY AUTO 🚗: Only Gainer! (+0.17%)
- Closing: 22,737.60 | High: 23,092.65 | Low: 22,668.65
- Why It Rose: Strong monthly sales data from Maruti Suzuki and Tata Motors lifted sentiment.
- Stock to Watch: M&M (+2.1%) surged on EV launch buzz.
2. NIFTY PSU BANK 🏦: Worst Performer (-4.84%)
- Closing: 6,235.20 | Low: 6,214.85
- Why It Fell: Weak Q4 earnings from SBI and PNB triggered panic selling.
- Stock Impact: SBI (-6.2%), Bank of Baroda (-5.8%).
3. NIFTY REALTY 🏢: Freefall Alert (-3.58%)
- Closing: 855.60 | Low: 852.95
- Why It Crashed: Profit-booking after RBI’s rate hike fears. DLF (-4.5%) dragged the index.
4. NIFTY FINANCIAL SERVICES 💼: Banking Blues (-1.17%)
- Closing: 27,638.55 | Low: 27,590.15
- Key Drags: HDFC Bank (-1.8%), ICICI Bank (-1.5%) on margin squeeze concerns.
5. NIFTY OIL & GAS 🛢️: Crude Pressure (-1.79%)
- Closing: 11,247.35 | Low: 11,215.80
- Trigger: Profit-booking in Reliance (-2.1%) and ONGC (-3.0%) after recent rally.
Top Stock Movers of 6 May
| Gainers | Losers |
|---|---|
| M&M: +2.1% 🚀 | SBI: -6.2% 🔻 |
| Infosys: +0.9% 💻 | DLF: -4.5% 📉 |
| Sun Pharma: +0.6% 💊 | ONGC: -3.0% ⛽ |
Expert Insights: What’s Next for Traders?
- Ajay Mehta, Market Strategist: “Auto’s resilience hints at rural recovery, but avoid PSU Banks until clarity on NPA risks. Focus on IT and Pharma for safety.”
- Priya Sharma, Technical Analyst: “NIFTY 50 support at 24,250; breach could trigger sharper correction. Buy Auto dips.”
What’s Next: Key Levels & Outlook
- Support: Sensex 80,200 / Nifty 24,200
- Resistance: Sensex 81,200 / Nifty 24,650
- Watchlist: RBI policy minutes (08 May), U.S. CPI data (13 May)
With volatility gripping banking and pharma, traders should use the Nifty Bank Heatmap and sectoral screens to pinpoint high-conviction trades. A break below 24,200 on Nifty could trigger further downside, while any sustained push above 24,650 may reignite bargain-hunting.
Global Cues & FII/DII Flows
- Wall Street: mixed finishes ahead of Fed minutes
- Asia: regional markets closed lower; Nikkei –0.4%, Hang Seng –0.7%
- FII/DII: net foreign outflows of ₹1,200 cr; DIIs bought ₹800 cr
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