🚨 Market Alert: Nifty Near One‑Month Low, Kotak Bank Triggers Caution! 😬📉
- MediaFx
- Jul 28
- 2 min read
TL;DR:Kotak Mahindra Bank’s weak Q1 results weighed heavily on markets 💔, dragging Nifty 50 down about 0.16% on July 28, 2025 as investors digested rising NPAs and delayed India‑US trade talks. Analysts are watching support at 24,600–24,550, and spotlighting eight stocks to buy or sell for intraday trades. Mixed Q1 results from banks and IT continue to add volatility with foreign institutional investor outflows piling on. 📉💱
📉 Market Highlights (July 28, 2025)
The Nifty 50 index slipped ~0.16% to 24,798.9, while the Sensex dropped ~0.2% to 81,325.4 as of early morning trading—continuing its fourth straight week of losses.
Kotak Mahindra Bank shares plunged nearly 5–7% after reporting Q1 earnings that missed estimates, raising concerns over higher provisions and a rise in gross NPAs to 1.48% from 1.39% a year ago. Many analysts downgraded the stock, cutting the median price target.
Gift Nifty futures were down ~14‑20 points (~24,841 level), signalling a cautious opening and possible continuation near its one‑month low mark.
Sentiment was further dampened by ongoing trade deal delays with the U.S., especially over agriculture and dairy tariff talks, even as U.S.–EU struck a new framework trade agreement.
🧭 Trade Setups & Technical Levels
For Nifty 50, technical analysts point to strong support in the 24,600–24,550 zone. A break below 24,550 could trigger further fall toward 24,200. Meanwhile resistance is placed at the 25,100–25,150 level.
Bank Nifty remains capped near 57,300–57,400, with support zones in the 56,000–55,700 range.
Momentum is subdued as mid-cap and small-cap indices slump up to 3.5%, reflecting broad risk-off sentiment.
📊 Stocks to Watch: Eight Picks from Experts
Market experts flagged these eight intraday ideas for July 28:Torrent Pharmaceuticals, Syrma SGS Technology, National Aluminium Co., Marico, Shyam Metalics & Energy, Laxmi Organic Industries, plus two more. These names are seen as potential buy-or-sell plays depending on intraday price action.
🏦 Other Corporate Q1 Movers
Bank of Baroda posted a modest 2% YoY profit rise to ₹4,541 crore. Analysts gave mixed views on whether to buy, hold or sell.
Tata Consumer Products reported a 15% YoY net profit gain, lifting the stock ~4%. Despite a slight miss versus estimates, multiple brokerages reaffirmed a Buy rating.
Reliance Industries saw a stellar 78% YoY jump in Q1 net profit to ₹26,994 crore, yet shares dropped ~2.4%, perhaps due to forward concerns despite strong earnings.
🧾 MediaFx Opinion (From People’s Perspective)
From a working‑class lens, this slowdown reflects deeper structural pain—not just in big bank books like Kotak’s, but also in foreign capital flight, stalled trade deals, and IT job cuts like TCS’s 2% workforce reduction announced for FY26. Farmers and consumers hurt by tariff brinkmanship with the U.S. are the real losers here.
Policymakers should focus on real economic relief: public investment in agriculture, credit flow for local industry, and curbing speculative capital inflows. Market players must stay cautious as earnings may still surprise on the downside until trade clarity and domestic demand improve. This is a moment for solidarity: not to chase short‑term gains, but to demand transparency, fair pricing, and economic justice for working people. Peace and fairness first, gains will follow.
