Indian markets remain under pressure after Monday’s sell-off.
- Sensex: 74,267 (-0.68%)
- Nifty 50: 23,383 (-0.70%)
- Bank Nifty: 53,643 (-1.10%)
- GIFT Nifty: around 23,442, indicating a cautious start for the next session.
Why Did the Market Fall?
The main reasons behind the recent weakness are:
- Rising crude oil prices due to escalating Middle East tensions.
- Heavy FII selling in Indian equities.
- Higher bond yields and inflation concerns.
- Cautious sentiment ahead of the RBI policy meeting this week.
Sectors in Focus
🟢 IT Stocks showed relative strength as global technology shares remained firm.
🔴 Banks, FMCG, and Financials were among the major laggards.
Stocks in Focus Today
Some of the key stocks being tracked by traders include:
- Wipro
- Paytm
- Ola Electric
- NHPC
- Alkem Laboratories
Key Levels for Tomorrow
- Nifty Support: 23,200–23,300
- Nifty Resistance: 23,500–23,800
A move above 23,500 could improve sentiment, while a break below 23,200 may invite further selling pressure.
Market Outlook
📌 Bias: Cautiously Bearish to Range-Bound
The biggest triggers for the next few sessions are:
- RBI policy outcome
- Crude oil prices
- FII activity
- Middle East developments
- Rupee movement
For traders, IT stocks may continue to outperform, while banking and rate-sensitive sectors could remain volatile until the RBI decision.
