The Indian stock market experienced a downturn on Monday, following a brief period of stable, positive movement. After a few sessions of optimistic trading, the market closed lower, with the Nifty 50 index falling by 92 points to settle at 22,460. Similarly, the BSE Sensex dropped 217 points, concluding at 74,115, while the Bank Nifty index slipped by 280 points, finishing at 48,216. Most sectoral indices were affected, with the exception of Nifty FMCG, as sectors like Realty, Oil & Gas, and Consumer Durables faced the brunt of selling pressure.

Market Performance Overview

Cash market volumes on the NSE decreased by 5% compared to the previous day, marking the lowest activity since February 25, 2025. Following a rebound last week, profit-taking hit the mid and small-cap segments significantly. The Nifty Midcap 100 Index fell by 1.53%, while the Nifty Smallcap 100 Index saw a sharper decline of 1.97%. The market breadth turned negative after three days of gains, with the BSE advance-decline ratio dropping to 0.42.

Expert Insights on Market Trends

Siddhartha Khemka, Head of Research at Motilal Oswal, shared insights on the stock market’s trajectory, stating, “Given the lack of significant domestic triggers, we anticipate the market will remain largely range-bound. Investors should keep an eye on international developments such as U.S. tariffs, geopolitical negotiations, and their potential effects on the U.S. dollar and crude oil prices.”

Nagaraj Shetti, a Senior Technical Research Analyst at HDFC Securities, provided an outlook for the Nifty 50, indicating that the short-term trend remains optimistic. “The index may undergo some consolidation or a minor dip over the next few sessions. A decisive move above 22,700 could pave the way for further gains, with immediate support at 22,200.”

Bank Nifty Analysis

In terms of the Bank Nifty, Hrishikesh Yedve, AVP of Technical and Derivatives Research at Asit C. Mehta, noted, “The Bank Nifty formed a small red candle with a long upper shadow, indicating selling pressure at higher levels. Resistance is seen near 48,660. A sustained breakout above this level could push the index toward 49,000, while maintaining a position below 47,840 may signal fresh weakness. Traders should closely monitor these levels for trading opportunities.”

Top Intraday Stock Picks Under ₹100

For those looking to make strategic moves today, several experts have identified promising intraday stocks under ₹100:

• Pasupati Acrylon:

  • Buy on rise at ₹43, target ₹48, stop loss ₹40.

• Ambica Agarbathies Aroma & Industries:

  • Buy on rise at ₹29.80, target ₹32, stop loss ₹28.

• Dhani Services:

  • Sell at ₹60.40, target ₹57, stop loss ₹63.
• Jain Irrigation Systems:
  • Buy at ₹58.50, target ₹61.50, stop loss ₹56.50 (Closing Basis).

Investors should remain vigilant and well-informed, especially in the current fluctuating market environment. Keeping an eye on both local and global developments will be crucial for navigating the upcoming trading sessions effectively.