Nifty 50 Today: Weak Start Amid Banking Drag, Key Technical Levels, and Geopolitical Watch

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Nifty 50 trades lower as banking heavyweights drag the index. Key technical levels, sector trends, and Trump–Putin talks on Ukraine in focus.

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Nifty 50 Market Outlook – 13 August 2025

The Indian equity markets opened on the back foot today despite positive global cues overnight. At the latest reading, the Nifty 50 is at 24,487.40, down 97.65 points (-0.40%), with banking heavyweights exerting the most pressure on the index.

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Global Cues Recap

Overnight, US markets rallied strongly:

• Dow Jones: +1.10%

• S&P 500: +1.13%

• Nasdaq: +1.39%

• Russell 2000: +2.99%

• VIX: -9.35%

However, in early Asian hours, US futures showed mild cooling:

• Dow Futures: -0.08%

• S&P 500 Futures: -0.07%

• Nasdaq Futures: -0.02%

• Russell 2000 Futures: +0.18%

This early profit-taking, coupled with caution ahead of the Trump–Putin talks on Ukraine, has kept Indian market sentiment in check.

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Commodities Snapshot

Precious Metals

• Gold: ₹3,400.70 (+0.05%) – marginal safe-haven buying amid geopolitical watch

• Silver: ₹38.178 (+0.46%) – outperforming gold with stronger intraday momentum

Energy

• Crude Oil WTI: ₹63.04 (-0.21%) – mild cooling after recent spikes

• Brent Oil: ₹66.06 (-0.09%) – tracking global supply-demand balance

• Natural Gas: ₹2.797 (+0.43%) – showing resilience despite broader energy softness

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Currency & Bond Yields

• USD/INR: 87.592 (+0.01%) – Rupee stable

• US 10Y Yield: 4.289% (-0.44%) – supportive for equities

• India 10Y Yield: 6.483% (+0.86%) – slight rise may keep bond traders cautious

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Nifty 50 Technical Outlook

• Immediate Resistance: 24,550 – reclaiming this could open upside to 24,620–24,680

• Immediate Support: 24,420 – a break below could test 24,350 and 24,300

• Trend Bias: Sideways-to-negative intraday

• RSI: Slipping towards 50 – showing loss of momentum

• 20-DMA: ~24,500 – currently being tested as support

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Key Nifty 50 Heavyweights – Today’s Performance

Using today’s intraday snapshot, here’s how the top eight index movers look:

1. HDFC Bank (₹1,969.90, -1.29%)

   • Under pressure, if it breaks ₹1,960, it could test ₹1,940. Resistance at ₹1,985.

2. ICICI Bank (₹1,422.00, -1.02%)

   • Losing grip on ₹1,430 level; support lies near ₹1,410, resistance at ₹1,435.

3. Reliance Industries (₹1,380.40, -0.42%)

   • Holding above ₹1,375; if sustained, could rebound towards ₹1,395.

4. Infosys (₹1,424.10, -0.29%)

   • Mild weakness; watch ₹1,418 as immediate support, resistance at ₹1,435.

5. Bharti Airtel (₹1,850.30, -0.38%)

   • Consolidating, support at ₹1,840, upside capped at ₹1,865.

6. Larsen & Toubro – L&T (₹3,686.10, +0.48%)

   • Outperformer in a weak market; holding above ₹3,670 keeps bullish momentum intact.

7. ITC (₹416.35, -0.12%)

   • Flat-to-negative bias; ₹415 support intact, resistance at ₹420.

8. TCS (₹3,035.40, -0.18%)

   • Minor dip; ₹3,020 is key support, resistance at ₹3,050.

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Geopolitical Watch – Trump–Putin Meeting

The upcoming Trump–Putin discussions on Ukraine remain the wild card.

• A positive resolution could lift global equities and commodities stability.

• Any negative outcome could spark safe-haven buying in gold and short-term volatility in Indian markets.

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Day’s Trading Plan

• Bias: Slightly bearish unless 24,550 is reclaimed

• Intraday Focus: Short banking heavyweights on rallies, watch L&T for relative strength plays

• Stop-loss: For index shorts, keep above 24,600

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Author’s Report

Today’s market tone is cautious, with banking sector weakness offsetting gains in select industrial and infra stocks like L&T. While global cues remain broadly supportive, expiry week positioning and geopolitical uncertainty are keeping traders on edge. A sustained break above 24,550 could revive bullish sentiment, but for now, the path of least resistance remains sideways to slightly lower.

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