Market Outlook for Today

The NIFTY 50 closed lower by 312.95 points (-1.24%) at 24,865.70, dragged by broad-based selling across heavyweight financials, auto, and infra stocks. INDIGO (-6.09%) and LT (-5.24%) led the losses due to Middle East tensions impacting airline operations and project visibility. Additional pressure came from ADANIPORTS (-3.43%), MARUTI (-3.29%), ASIANPAINT (-3.08%), and BAJAJFINSV (-2.93%). Financial names such as RELIANCE (-2.43%), BAJFINANCE (-2.10%), and M&M (-2.14%) also contributed to the downside. On the positive side, BEL (+2.13%), HINDALCO (+1.70%), SUNPHARMA (+0.93%), ONGC (+0.63%), and ITC (+0.35%) offered limited support. Market breadth remained sharply negative with 8 advances against 42 declines.

The NIFTY 50 opened at 24,659.25, touched a low of 24,603.50, hit a high of 24,989.35, and closed at 24,865.70, down 312.95 points (-1.24%). The index declined sharply amid global risk-off sentiment triggered by escalating Middle East tensions, rising crude oil prices, rupee weakness, and strong FII selling, which weighed on investor confidence throughout the session. Technically, RSI slipped sharply below the 40 mark, indicating rising bearish momentum. Near-term support levels are at 24,564/24,358, and resistance levels are at 25,227/25,433.

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Nifty Slides Amid Middle East Tensions

Bank Nifty Commentary for Today

The NIFTY BANK closed lower by 689.35 points (-1.14%) at 59,839.65, as banking stocks witnessed broad-based selling pressure throughout the session. PSU banks led the decline with PNB (-2.39%), YESBANK (-2.32%), CANBK (-2.21%), and BANKBARODA (-1.89%) dragging the index lower, while private lenders such as INDUSINDBK (-1.44%), AXISBANK (-1.21%), and SBIN (-1.02%) also contributed to the downside. Even heavyweight names like HDFCBANK (-0.64%) and ICICIBANK (-0.30%) ended in the red, limiting support to the index. Market breadth remained weak with all 14 constituents closing in negative territory.

The NIFTY BANK opened at 59,204.30, touched a low of 59,148.00, hit a high of 60,177.50, and closed at 59,839.65, down 689.35 points (-1.14%). The index remained under pressure for most of the session, with weakness seen across both PSU and private lenders amid cautious sentiment in financial stocks. RSI slipped steeply towards the 40 mark, indicating weakening momentum and sustained selling pressure. Near-term support levels are at 59,242/58,873, and resistance levels are at 60,437/60,806.

Quick Comment on FINNIFTY And SENSEX

The NIFTY FINANCIAL SERVICES ended lower by 305.65 points (-1.10%) at 27,564.10, as widespread weakness across financial stocks weighed on the index. SBICARD (-3.15%), BAJAJFINSV (-2.93%), SHRIRAMFIN (-2.90%), and RECLTD (-2.84%) were among the top laggards, alongside JIOFIN (-2.47%). Further downside came from BAJFINANCE (-2.10%), CHOLAFIN (-2.02%), and PFC (-1.98%), while major lenders including AXISBANK (-1.21%), SBIN (-1.02%), and KOTAKBANK (-0.96%) also closed in the red. MUTHOOTFIN (+3.35%) stood out as the only gainer, providing limited support. Market breadth remained negative with 1 advance against 19 declines. Near-term support levels are at 27,293/27,109, and resistance levels are at 27,890/28,075.

The BSE SENSEX fell by 961.42 points (-1.17%) to settle at 81,287.19, as selling pressure was seen across major index heavyweights. Losses were driven by SUNPHARMA (-2.61%), BHARTIARTL (-2.53%), M&M (-2.42%), BAJAJFINSV (-2.38%), and INDIGO (-2.32%), which dragged the index lower. Further downside came from MARUTI (-2.26%), ULTRACEMCO (-2.01%), ADANIPORTS (-1.92%), HINDUNILVR (-1.90%), and KOTAKBANK (-1.88%), restricting any meaningful recovery. On the positive side, HCLTECH (+1.22%), TRENT (+1.10%), INFY (+0.82%), and ETERNAL (+0.02%) provided limited support but were unable to offset the broader decline. Market breadth remained negative with 4 advances, 25 declines, and 1 unchanged. Near-term support levels are at 80,513/80,027, and resistance levels are at 82,084/82,570. 

Intraday levels for NIFTY, BANK NIFTY, SENSEX and FINNIFTY Levels: