Nifty at crucial juncture: What’s weighing on the markets?

Markets are range-bound due to weak earnings, global trade tensions, and a lack of sectoral leadership. The India-UK FTA offers opportunities for textiles, leather, and pharma, but the US remains a key pharma market. Nifty's 25,000 mark is crucial; holding it could lead to consolidation, while falling below may trigger selling pressure.