Market Outlook for Tomorrow

The NIFTY 50 closed lower by 385.20 points (-1.55%) at 24,480.50, pressured by broad-based selling across metals, financials, and capital goods stocks. TATASTEEL (-7.08%) led the losses, followed by TMPV (-5.29%), SBILIFE (-4.98%), JSWSTEEL (-4.67%), and LT (-4.54%), weighing heavily on the benchmark. Additional downside pressure came from GRASIM (-3.72%), HDFCLIFE (-3.44%), BAJFINANCE (-3.40%), ULTRACEMCO (-3.36%), and NTPC (-3.34%). On the positive side, BHARTIARTL (+1.88%), COALINDIA (+1.85%), INFY (+1.33%), and TECHM (+0.15%) offered limited support. Market breadth remained sharply negative with 4 advances against 46 declines.

The NIFTY 50 opened at 24,388.80, touched a low of 24,305.40, hit a high of 24,602.45, and closed at 24,480.50, down 385.20 points (-1.55%). The index declined amid global risk-off sentiment driven by escalating Middle East tensions, rising crude oil prices, rupee weakness, and continued FII selling, which weighed on investor confidence throughout the session. Technically, RSI slipped closer to the 30 level, indicating that it is approaching oversold levels. Near-term support levels are at 24,088/23,854, and resistance levels are at 24,844/25,077.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Nifty Tumbles Amid Ongoing Middle East Tensions

Bank Nifty Commentary for Tomorrow

The NIFTY BANK closed lower by 1,084.40 points (-1.81%) at 58,755.25, weighed down by widespread weakness across both PSU and private banking stocks. BANKBARODA (-4.98%), CANBK (-4.34%), PNB (-3.70%), and UNIONBANK (-3.65%) emerged as the top laggards among PSU lenders, reflecting strong selling pressure in the segment. Additional declines were seen in FEDERALBNK (-2.78%), IDFCFIRSTB (-2.41%), and KOTAKBANK (-2.28%), which further pulled the index lower. Private lenders such as AXISBANK (-1.58%), SBIN (-1.40%), and HDFCBANK (-1.18%) also ended in the red, adding to the downside momentum. Market breadth remained extremely weak with no advances and 14 declines.

The NIFTY BANK opened at 58,447.15, touched a low of 58,393.55, hit a high of 59,058.40, and closed at 58,755.25, down 1,084.40 points (-1.81%). 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 declined sharply below the 40 level, signalling weakening momentum and persistent selling pressure. Near-term support levels are at 57,980/57,500, and resistance levels are at 59,531/60,010.

Quick Comment on FINNIFTY And SENSEX

The NIFTY FINANCIAL SERVICES closed lower by 543.65 points (-1.97%) at 27,020.45, amid broad-based declines across banking, NBFC, and insurance stocks. SBILIFE (-4.98%), SHRIRAMFIN (-4.04%), ICICIPRULI (-3.83%), MUTHOOTFIN (-3.83%), and PFC (-3.66%) were the major laggards, pulling the financial index lower. Further downside pressure came from HDFCLIFE (-3.44%), BAJFINANCE (-3.40%), BAJAJFINSV (-3.29%), RECLTD (-3.27%), and JIOFIN (-3.21%). Banking stocks such as AXISBANK (-1.58%), SBIN (-1.40%), and HDFCBANK (-1.18%) also settled in negative territory, adding to the overall weakness. Market breadth was extremely negative, with no advances and 20 declines. Near-term support levels are at 26,607/26,360, and resistance levels are at 27,406/27,654.

The BSE SENSEX closed lower by 1,122.66 points (-1.40%) at 79,116.19, as widespread selling across metals, financials, and capital goods stocks weighed on the index. TATASTEEL (-6.76%) and LT (-4.53%) were among the top laggards, followed by BAJFINANCE (-3.36%), ULTRACEMCO (-3.32%), and NTPC (-3.07%), which exerted pressure on the benchmark. Further weakness was seen in INDIGO (-2.85%), BAJAJFINSV (-2.82%), KOTAKBANK (-2.66%), ADANIPORTS (-2.45%), and HINDUNILVR (-2.45%). On the positive side, BHARTIARTL (+1.78%), INFY (+1.50%), and TECHM (+0.51%) provided limited support. Market breadth remained weak with 3 advances against 27 declines. Near-term support levels are at 77,818/76,997, and resistance levels are at 80,470/81,290.

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