Weekly Market Map - 25 July, 2026

Nifty closes below 50D SMA, falls 4th straight session

Week’s Recap

• Nifty closes below 50-day SMA of 23,850.

• Nifty/Sensex fell for a 4th straight session as Brent crude from ~$85 to ~$100+/bbl through the week on escalating US-Iran conflict and Houthi attacks on Saudi tankers.

• US 10-year yield climbed to ~4.71%, adding to FII outflow pressure.

• Japan 10-Year yield crossed 2.8% - a 31-year high.

• Section 232 pharma tariff (100% on patented drugs) takes effect 31 Jul for large US-listed pharma cos — Indian generics remain exempt, with 2 year window to allow re-shoring.

• As the temporary Section 122 tariffs expire on July 24, US puts in a more permanent Section 301 tariffs at 10% on India and 16 other countries and at 12.5% on China, Vietnam, Thailand and 40+ countries.

• Rupee under pressure near record lows on rising import costs.

• Strong results from IT majors (TCS, Tech Mahindra) and PSU & Midsize Banks (Bank Nifty gainers: AU Bank, BoB, Union Bank); Auto and FMCG held up as relative outperformers.

Next Week Ahead

• FOMC, 28–29 July: Rate decision Wed, 2pm ET; Fed expected to hold at 3.50–3.75%.

• Q1 FY27 earnings: HUL, Tata Capital, SAIL, Devyani International + 100+ cos report.

• Crude/Middle East: key swing factor for rupee, inflation, FII flows.

• Data releases on IIP, Govt capex, GST collections, Bank credit, Manufacturing PMI, etc expected in the coming week.

• Nifty support: 23,750; level break risks slide to 23,500.

Nifty Next 50 resilient – Nifty50 and Smallcap 250 worst hit this week. Factors: Quality continues to do well

Sector: FMCG, Auto & Defence only sectors in green this week

Macro: Brent crossed $100 now lower, INR near record lows, India VIX up 7% this week, Gold broadly stable

Yields continue to rise: US 10-year climbed to ~4.71%, Japan 10-Year crossed 2.8% - a 31-year high

Q1FY27 Results: Overall 18% revenue/ 23% EBITDA Growth yoy; Banks, NBFC, Auto, Chemicals, Pharma show solid numbers

Sector Rotation: Auto, Chemicals, FMCG, Healthcare, Consumption, Defense in “Leading” sectors

Stocks Showing Positive Quant Signals

Week of 20 July – 24 July • Native Quant Score

38 Total stocks flagged across all market caps this week

Top 15 Performing ETFs

As of 2026-07-23 • Ranked by 1 Month return

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