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* Equity benchmark Nifty extended its losing streak, slipping nearly 100 points to hit a one-month low around the 25,500 mark amid profit booking and persistent FII selling concerns. The selling pressure was more pronounced in the Midcap and Smallcap segments, reflected in a weak advance-decline ratio of 1:4 for Nifty 500 stocks. Nifty dropped 88 points or 0.35% to end at 25,509, while Sensex declined 148 points or 0.2% to close at 83,311.

* Nifty Metal, Realty, and Defense indices witnessed profit booking of up to 2%, selective IT stocks saw renewed buying interest driven by bargain hunting, which helped limit broader losses. Globally, U.S. markets gained over 0.5% overnight, and Asian peers advanced 1–2%, led by strength in technology stocks. However, sentiment remained cautious amid uncertainties surrounding the U.S.-India trade negotiations and a mixed set of Q2 earnings. Delhivery tumbled 8.7% to Rs.442 following disappointing quarterly results.

Technical Outlook:

* Nifty index opened flattish and displayed notable bearish momentum throughout the session, reflecting a lack of buying appetite and sunk below 25500 zones. It formed a bearish candle on daily frame with longer upper shadow which signals pressure at any bounces.

* It closed near its lower band with losses of around 90 points and continues to form lower highs – lower lows from the last five sessions. Now till it holds below 25650, weakness could be seen towards 25350 then 25200 zones while resistances have shifted lower to 25700 then 25800 zones.

Derivative Outlook:

* Nifty future closed negative with losses of 0.28% at 25637 levels. Positive setup seen in Astral, Asian Paints, Paytm, Indus Tower, Ashok Leyland, Biocon, Dabur, Reliance, UPL and M & M while weakness in Delhivery, Grasim, Indian Hotel, Voltas, Adani Enterprise, Voltas, PGEL, PB Fintech, Godrej Properties and Power Grid.

* On option front, Maximum Call OI is at 26000 then 25700 strike while Maximum Put OI is at 25500 then 25200 strike. Call writing is seen at 25600 then 25700 strike while Put writing is seen at 25500 then 25550 strike. Option data suggests a broader trading range in between 25000 to 26000 zones while an immediate range between 25200 to 25700 levels.

* Axiscades Tech - Company signs pact with France’s Electronic Bird Control to bring E-Raptor drone to Indian market.

* Zydus Life - Company gets FDA orphan drug designation for Desidustat.

* Ola Electric - Company plans to scale Gigafactory to 5.9GWH by March.

* KPI Green Energy - Company signs power purchase pact with GUVNL for 150MW at 3.64/unit.

* SBIN - Company India plans to sell a 6.3% stake in its mutual fund arm through an initial public offering.

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