10 things that will decide D-Street action on Tuesday

The Indian equity market closed flat on Monday, as declines in information technology and metal stocks, driven by uncertainty over U.S. tariffs, offset optimism from stronger-than-expected domestic economic growth.

The BSE Sensex declined 77.26 points, or 0.09%, to close at 81,373.75, while the NSE Nifty slipped 34.10 points, or 0.14%, to settle at 24,716.60.

Here's how analysts read the market pulse:
The domestic market continued its consolidation phase for the third consecutive week, influenced by renewed concerns over a potential tariff war and escalating geopolitical tensions between Russia and Ukraine, said Vinod Nair, Head of Research, Geojit Investments, adding that "while global uncertainties have led investors to adopt a risk-averse approach, the Indian market has demonstrated resilience, underpinned by robust institutional inflows and selective sectoral strength like FMCG, real estate, and financial stocks."

"Supportive domestic macro indicators include a potential RBI rate cut, a better monsoon, Q4 GDP data and better GST collection. Under the current market landscape, investors are adopting a cautious short-term strategy, with a focus on domestically oriented and interest-sensitive sectors," said Nair.

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US markets
Wall Street's main indexes dipped on Monday after President Donald Trump said he plans to double tariffs on imported steel and aluminum, fueling more uncertainty around U.S. trade policies.

Trump said late on Friday he planned to increase tariffs on imported steel and aluminum to 50% from 25% starting Wednesday, just hours after he accused China of violating an agreement.

Shares of U.S. steel companies rose, with Cleveland-Cliffs jumping 28.3%, Nucor up 11.5% and Steel Dynamics 11.3% higher.

However, shares of automakers fell. Ford and General Motors both were down more than 4%.

European shares
European shares began June on a dour note as markets grappled with U.S. President Donald Trump's new tariff plans that threatened to reignite a fresh wave of global trade tensions.

The continent-wide STOXX 600 slipped 0.1% on Monday, after recording about a 4% gain in May.

Late on Friday, Trump said he planned to increase tariffs on imported steel and aluminium to 50% from 25%, to which the European Union said it was prepared to retaliate.

Steel companies as ArcelorMittal and Aperam pared some losses and closed marginally lower.

Tech View
The Nifty continues to hover in a narrow band between 24,500 and 25,000, indicating a phase of consolidation, said Vatsal Bhuva, Technical Analyst at LKP Securities, adding that despite a gap-down start on Monday, the index managed to close above its 20-day EMA, showing some buying interest at lower levels.

"However, the RSI’s negative divergence and bearish crossover reflect weak momentum. Immediate support is placed at 23,630 where its 20 days EMA is placed, while positional support lies at 24,500–24,550. Resistance levels are marked at 24,860 and 25,070. The trend remains sideways with a slight negative bias unless a range breakout occurs," said Bhuva.

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Most active stocks in terms of turnover
CDSL (Rs 3,283 crore), BSE (Rs 2,964 crore), Reliance Power (Rs 2,845 crore), State Bank of India (Rs 2,191 crore), HDFC Bank (Rs 1,412 crore), Niva Bupa Health Insurance (Rs 1,399 crore) and ICICI Bank (Rs 1,364 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.

Most active stocks in volume terms
YES Bank (Traded shares: 55.62 crore), Vodafone Idea (Traded shares: 50.03 crore), Reliance Power (Traded shares: 46.42 crore), Suzlon Energy (Traded shares: 17.35 crore), Niva Bupa Health Insurance (Traded shares: 16.80 crore), Indian Overseas Bank (Traded shares: 8.92 crore) and Ola Electric Mobility (Traded shares: 8.61 crore) were among the most actively traded stocks in volume terms on NSE.

Stocks showing buying interest
Shares of AstraZeneca Pharma, CDSL, YES Bank, Sterling & Wilson Renewable Energy, Karur Vysya Bank, Brigade Enterprises and Reliance Power were among the stocks that witnessed strong buying interest from market participants.

52 Week high
Over 122 stocks hit their 52 week highs today while 48 stocks slipped to their 52-week lows.

Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Niva Bupa Health Insurance, MMTC, ITI Ltd, Inox Wind, Sai Life Science, FSN E-Comm (Nykaa) and Swan Energy.

Sentiment meter neutral
The market sentiments were neutral. Out of the 4,287 stocks that traded on the BSE on Monday, 1,992 stocks witnessed declines, 2,128 saw advances, while 167 stocks remained unchanged.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)